The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-01-14
Oh AR T E
THE MQRCiN CRY u;iJ ItNPi,i.
UnIol ~. e osAnleric..,
> ~ u - +. n =
laIl IL oh Atit.

IaTl IL O4 = { lti.
81 ! / : NDWN, that Oh TIN 2p... u4t e.
mouth OF 1 omher, in ta- yetr Of cur
LORD oaC THOUSAND nine hundred ana ten
belore me Roberts X. MIi'H-, y o1ary Pub
lie in and Tor the Parish OF st. Mary. stale
of Louisiana aforesaid, therein residing,
duly commissioned, sworn and qualified,
and in the presence of the witnesse, here
matter named and undersigned, person.
ally came and appe Ted the several per-
sons whose name, are htTeunto Sub>criD-
ed, who declared that AZ aIiing themselves
of the laws or the state Oh Louisiana IN
such cases mate. ruu q. oyiued, anu pal :
t.culsrly OF the proyl>lL,-s OF Act number
- Of the GeueraI Assembly OF the state
OF Louisiana, for the Ne II l@oi. they have
coyenanted and agreed, and do by these
presents covenant and agree and bind
themselves as well Il, ali such persons as
may hereafter become associated with
them, to form corporation and body po-
little tor the objects and purposes and un-
der the article, and stIpulatIons as follows,
to-wit:
ARTICLE |.
The name Of this Corporation shall be
1.-THE MORGAN CITY LAND COM.
PASI," and under its corporate name
it shall! have power and authority to have
and enjoy corporate existence and success
sion for the IuI term of ninety nine years
from and alter The date hereof; to con
tract, sue and be sued; TO make and use a
CORPORATE seal, and the same TO alter ana
break at pleasure; to mold, receive, lease,
purchase ana convey, We'll as mortgage
and hypolnecate property, real, personal
and mixed, corporal and Incorporal: 10
name and appoint sucn managers, are nts,
directors and officers AS its business in
terest and convenience may require to
make and establish, is well as after and
amend from time TO time, such by-laws,
rules and regulations, tor the proper gov
eminent OF the affair, of said corporation
as may be necessary and proper.
AhIICLE III.
The domlcile OF this said CORPORATION
shall be in the towon OF Morgan city, Par
ism OF st. Mary, state Of Louisiana, ana all
citations or otner legal process shall be
served upon the President OF said CORPORA
ton. or IN the event OF hi, absence. upon
the N.ce-pre luent thereof, ana IN me
absence of both OF SAID officers, upon the
Secretary OF the cooperation.
AhIltLE Ill.
The objects and pul .Josts OF this CORPORA
ton are hereby declared " be to buy and
sell real estate, lands ana tenenents
whether high, low. swamp, over-toweL or
marsh: to purchase, reclaim. ueveIop and
improve lands; u loan and borro y money
on lands, real estate and tcnemeuts, and To
mortgage ANA nypethecate same; and to
issue bonds, notes or other evidence, Of
Indebtedness; to farm ana cultivate lands
either Tor ilsrlt VI for others. and to en-
gage in agricultural pursuits generally: to
buy and sell agricultural products; TO
erase Lands, and buy ana sell cattle, horse,
sheep ana other ANIMALS tor sucn purposes:
10 OWE and operate warehouse, granarles
and sugar renneries, and own ana Operate
in connection thcrewltn cOmmlsseries, and
carry ON a general Merchantlle business,
both retail and wnolesat: 10 construct,
own, operate and maintain canals, bridges,
ferries, roads, Tell roads, tell gates, rail
roads, tram roads, ana own and operate
steam boats. steamships tugs, Dargts ana
other systems ot trauspor .atlun, ana L,
dispose OF same. a. lis pleasure; To buIla
ana maintain lGVees and canaI>, AM, 10
construct and malnFtln uralaa5e ana ir-
rlgatlug plants Iof ILscii dnu IOI hire, and
establish seryItudcr gu lands drained or
irrigated by eu.h plants III favor Of suci,
plants; to reclaim swamp, overflow and
marsh lands ana icvee ana protect same:
to construct and Malnraln foau. over lands
thus rcclaimeu; 10 buy and sen al rea.
estate necessary or incidental Tor The carry>
in. out OF .He above described purposes,
and 70 a., any and ali Things necessaar,
for and Incidental 70 The Carrying out OF
the above described purposes,
ARTICLE ".
The capital stock Or SAID corporation is
tS30O. U0Ul Dollrla, divided into aud reps
resented by three thousand shares of stock
of the amount or one hundred dollars
I0U.UU) per share cach. SAID stock shah
be paid Tor in cash al SUCH time ana III
such amC UNITS and after such notice to the
subscribers as may be hxeu by the Board
of Directors: or the same may De Issued ut
not less than par Orproperty actually re-
ceiyed by the corporation. The corpora
ton shall become going concern ard be
authorized to do business as soon lis
Thirty five Thousand t435,OUOl Dollars OF
its capital stock shalt have been subscribed
fer.
ARTICLE v.
AN the powers OF said corporation shall |
be vested in and exercised by 6oard of |
Directors to be composed Of not less tina |
three nor more than nine stockholders to |
be elected annually on the first Monday IN |
January OF each year, except the first |
Board appointed IN this character, who
shall hold their Office until the firs. Mon
day in January, 1912. IN Stockholders.
Uefore proceeding to elect a BOARD OF Di-
rectOrs at each annual meeting, shall fix
the number thereof within the limits
above prescribed. maj orlty of whom
shall constitute quorum. All such e.ec>
tons shall be held by ballot and con-
Quoted at the office of said corpration un.
der the supervision OF three commission.
ers to be appointed by the Board of Dr.
rectors. Notice OF such election shall be
given BY the Secretary of the company by
publication sOr not less than ten DAYS, nor
more than fifteen days prior thereto, in
newspaper published in the rowr of Nor.
gan City, Parish of st. Mary. Louisiana.
at all such elecsions and at all meetings
Of stockholders every stockholder shall be .
entitled to one vote foreach share of stock
standing in his name on the books of the
Company TO be cast in person or by writ>
ten proxy, and ma ority of votes cast
shall eject. ANY vacancy occurring amo. =
Jhe Directors by death, resignation or
otherwise, shall be Tiled by election for
he remainder of the term by the remain t
Dg directors. Failure to elect Director, [
mon the dale abuve si,pcifftd StoIt -: |