The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-01-21
Oh A r T &
United States Of America.

Lord one thousand nine hundred and ten
before me Roberts {. Milling, Notary Pub
lie in and for the Parish of st. Mary, state
OF IOui>iana aforesaid, therein residing,
duly 'n4mi-sloned, sworn and qualified
a IL the presence OF the y illnesses nere-
Inaftel named ami Undersigned, person
ally came and appeared the several per-
sons whose names are hereunto sub>crib-
ed, Who declared, that awaiting themselves
Of the laws Of the state OF Louisiana in
such cases made. and provided, ana par
ticuiarly OF the provisions Of Act number
- OF the General Assembly of the State
OF Louisiana, for the year 1904, they have
cuVenanteu and agreed, and do 10y these
presents covenant and agree and bind
themselves as well As ali such persons rs
may hereafter become associated With
them, to form a corporation and body DO
little for the objects and purposes and un-
der the articles and stlpulatlons as follows.
tO-wit:
hRTICLEI.
The name of this cooperation shall be
THE MORGAN CIl1 LAND COM.
PASI," and under it, corporate name,
il shall rave power and authority to have
and enjoy corporate existence and success
sion for the full term OF ninety mine Years
from anu after tle 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 aud convey, as well as mortgage
and hypOtAecatt property, real, personal
and mixed, corporal and lncOrp0raI; to
name and appoint such managers. agents.
directors ana officers as It's. business in
tercst and convenience may require, to
make and establish, as Well as alter and
amend from time to time, such by-iaws
rules and TT equations, for the proper gov
eminent vi the affairs OF said corporation
a, may be necessary and proper.
A
lhe domlclle OF this said CORPORATION
shall De in the towon OF Morgan civ. Far
Ish OF st. Mary, state of Louisiana, and all
citations or otler legal process shall be
served upon The fre>luent OF said corpora-
ton, OF III the event OF his absence, UPON
the ' .ce- PRESIDENT thereof, ana In the
absence o1 both OF said Officers, upon the
Secretary ol The corporation.
ARIiLLE III.
The objects and purposes Of this corpora
ton are hereby declared to De to buy ana
sell real estate, lands and tenements,
whether nigh, low, swamp, oyer-huWed or
marsh; to purchase, reclaim, develop and
improve lands: u loan and Durro v money,
on lands, real estate and tenements, and to
mortgage and. hypethecate same; and to
issue bonds, notes Or other evidences OF
Indebtedness; to Farm and cultivate lands.
either tor Itself or 1or Others. and to en-
gage in agricultural pursuits generally: TO
buy ana sell agricultural products: 10
erase lands, and buy and sell cattle, horse,
sheep and other ANIMALS for such purposes:
to own and operate Warehouse, grauarIe,
and sugar renuerles, and own ana Operate
in connection Herewith commisseries, and
carry on a general mercantile bushes,
both retail and wholesale; To constr uCt,
own Operate and MAINTAIN canals, BRIDGES
ferries, roads, tell roaus, tell gates, rail-
roads, tram roads, anu own and operate
steam boats. steamships tugs, bargts ana
other systems OF transportation, and to
dispose OF sarge at its pleasure; 70 buld
ana maintain levees and canals, and 10
construct and maintain drainage ant IT.
rioatlng plants LOr ltseIf and Tor hire, and
establish seryltudes on lands drained or
irrigated by such plants IN favor OF such
plants; to reclaim swamp, overflow and
marsh lands and levee and protect same
To construct and maintain road, over lads |
thus reclaimed; to buy and sen. all real
estate necessary or incidental lorthe carry> |
ing out OF the above described purposes, |
and to do any and ali things necessaar,
for and incidental TO the carrying Out of |
the above described purposes,
AkTICLEiT. |
The capital stock OF SAID corporation is.
hereby fixed at Three hundred Thousand |
(S3OO. OUO) DollaIa divided Into and reps
resented by three thousand shares OF stock |
of the amount OF one hundred dollars
(IUO.OO) per share each. SAID stock shall |
Ne paid TOR in cash. at Sucu time and in
such amC UNITS and after such notice to the
subscribers as may be fixed by the Board
OF Directors; or the same may be issued at
not less than par for property actually re-
ceIyed BIZ the corporation. The corpora
ton shall recOme going Concern and be
authorized to do business as soon rs
Thirty.five Thousand (SY5,0OV Dollars OF
its capital stock shall have been subscribed
tor.
ARTICLE V.
An the powers of said corporation shall
be vested in and exercised 10y a Board of
Directors to be composed of not less than
three MOI more than nine stockholders to
be elected annually on the first Monday In
January OF eacn year, except the first
Board appointed IN this character, who
shall holu Their office until the irst Mon
day in January, 1912. The Stockholders.
before proceeding to elect Board of Di-
rectors at etsh annual meeting, shall fix
the number thereof within the limits
above prescribed. majority OF whom
shall constitute quorum. All such elec> .
tons shall be held by ballot and con.
Quoted at the office of said corptration un. {
der the supervision OF three commissions.
ers to be appointed by the Board of Di- j
-ectors. Notice of such election shall be
given by the Secretary of the company by.I /
publication sor not less than ten days, nor
more than iifteelI days prior thereto, in a :
published in the Towr Of Nor.
ian City, Parish Of St. Mary, Louisiana, !
At all such elections aud at all meetings
u stockholders every stakeholder shall be s.
entitled 10 one vote tor each share of stock y
tanding in his name on the books of the
company to be cast in person .or by writ>
en- proxy, and majority Of votes castf
hall elect. ANY vacancy occurring ainong{
he Directors by death, resignation or
Iherwlse, shalFbe filled. by election for :,
be remainder OF the term by the remain Ie
Dg directors. z Failure to elect Directors Y
pom the date above specified shall moi Il
issolve the corporation nor impair its 81
orpOrate management, but the directors ="
len in office saali remain in office until .