The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-02-11
Oh ART e
THE MORGAN CITY LAND COMPANY.
United States of America,
state of Louisiana, Z

Lord one thousand nine hundred and ten,
before me Roberts {. Milling, Notary Pub
lie IN ana for the Parish OF ST. Mary, State
Of Louisiana aforesaid, therein residing,
o,.iy COMM ssioned, sworn and quallhed,
AID in the presence Of the witnesses here
matter named anu undersigned, person
All, came and appeared the several per-
sons whose names are hereuntO subscribe
ed, who declared, that avallnS themselves
of the laws of the state OF Louisiana in
such cases made.a and provided, and par
ticularly OF the provisions OF Act number
- of the General Assembly Of the State
of Louisiana, for the year 1904, they have
coyenanted and agreed, and do by these
presents covenant and agree and bind
themselves as well as ali such persons as
NAV hereafter become associated with
them, to form q corporation and body po-
lite tor the objects and purposes and un-
der the articles and stlpulatlons AS follows,
tO-wit:
ARTICLEI.
a.Tne name of this corporation shall be
7rHE MORGAN CITY LAND COM.
PANY," and under its corporate name,
il shall have power and authority to have
and enjoy corporate existence and success
sion for the full term vi nInety-nlne years
from and after The date hereof; to con-
tract. sue and be sued; to make and use a
corporate seal, and the same to alter and
break at pleasure; to mold, receive, lease,
purchase and convey, as we'll as mortgage
and hypolhecate property, real, personal
and mixed, corporal and incorporate; to
name and appoint such managers. agents,
directors and officers as its business in.
terest and convenience may require, to
make and establish, as well as alter and
amend from time to time, such bylaws,
rules and regulations, for the proper gov
ernment OF the affairs OF said corporation
as may be necessary and proper.
ARTICLE IL.
The domlclle OF this said corporation
shall be in the towOn Ut Morgan Llty, Far.
lsh Of st. Mary, State OF LOUISIANA, and all
citations or UIner legal process shall be
served upon the President of said corpora
ton, or la the event OF his absence, upon
the president thereof, and in the
absence OF both OF said officers, upon the
Secretary OF the corporation.
ARTICLE Ill.
The objects aud purposes Of this corpora
ton are hereby declared TO be to buy and
sell real estate, lands and tenenents,
whether high, low, swamp, Over-tiowed or
marsh; to purchase, reclaim, uevelop and
improve lands; 10 loan and borrow money
on lands, real estate and ttnements, and To
mortgage and hypethecale same; and to
issue bonds, notes or other evidences OF
Indebtedness; to farm and cultivate lands,
either tor Itself or for others. and to en-
Huv and sell agricultural products; 10
erase ianus, and buy and sell cattle, horse,
sheep and other animals tor such purposes;
to own and operate warehouse, granarles
and sugar renherles, and own and operate
in connection Herewith commlsseries, and
carry Oh general mercantile business
both retail aud wholesale; 10 construct,
own operate and maintain canals, bridges,
ferries, roads, tell roads, tell gates, rail-
roads. tram roads, and own and operate
steam boats. steamships tugs, Darges and
olher systems or transportation. and to
dispose OF same at It's pleasure; to build
and maintain levees and canals, and 10
construct and maintain drainage and lr-
rigating plants Ior Itself and TOR hire, aud
e.rahllsn servitudes on lands drained or
irrigated by such plaWb in favor OF such
plants; to reclaim sw imp, overflow and
marsh lands and levee and protect same;
to construct and maintNln Roads over lands
thus reclaimed; to buy and sen All real
estate necessary or incidental tor the carry>
ing out of the above described purposes,
and to do any and ali things necessary
for and Incidental to the carrying out OF
the above described purposes,
Article ~.
The capital stock OF SAID corporation Is
hereby liked at Three Hundred Thousand
(S3DO. OUV) Dollala, divided into and reps
resented by three thousand shares of STOCK
of the amount or one hundred dollars
400. OU) per share each. said stock shall
he naId Tor in cash at such time and in
such amounts 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 tor property actually re-
celyed by the corporation. The corpora
ton shall become going concern and be
authorized to do business as soon
Thirty.tiye Thousand (S35,OOO) Dollars OF
Il hall IA h~c q
for.
ARTICLE v.
All the powers of said corporation shall
be vested in and exercised by a Board OF
Directors to be composed of not less than
three nor 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
snail bold Their Office until the first Mon
before proceeding to elect Board of Di:
rectors at each 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 commission.
ers to be appointed by the Board Of Di-
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 a |
newspaper published in the Town of Nor.
gan City, Parish Of st. Mary. Louisiana. |
At all such elections and at all meetings
of stockholders every stakeholder shall be |
entitled to one vote tor each share of stock |
standing in his name on the books of the |
Company to be cast in person or Dy writ. |
ten proxy, and a majority of votes cast |
shall elect. ANY vacancy occurring among
the Directors by death, resignation or
otherwise, shall be filed by election for
the remainder Of the term by The remain
ing directors. Failure to elect Directors
upon the date above specified shall not
dissolve the corporation nor impair its
corporate management, but the Directors
then in Office shall remain in office until