The Morgan City daily review. (Morgan City, La.) 1916-1920, 1917-11-24

r0rate seal and the same TO break or
alter 1t pleasure; to acquire proper
ty Of all kinds by any means whatso-
ever; or to hire or lease the same,
to hold, use, sell or otherwise dis
pose of same, as it may elect, as
well as to mortgage, pledge or n.y.
pothecate the same, subject only to
such limitations as may be prescrib-
ed by law; and, in general, to do,
have power to or perform, any and
all acts of whatsoever kind, inciden-
tai or Usual to corporation.
In all matters not specifically pro-
vided for herein, this corporation
shall be deemed to have, possess.
and exercise any and all other and
further powers as may be given it by
said Act 267 Of !3l4, or other laws
of this State
ARTICLE ".
The entire and full corporate
power of this Company shall be
vested in the Board of Directors,
consisting of not less than three,
nor more than twelve stockholders,
the number to be determined at the
annual stockholders meeting Said
Board of Directors shall elect a
President, Vice-President, and Sec
retaryTreasurer from among their
number, together with such mana
gers and subordinate officials as in
their judgment may be necessary.
all of said officers and agents to
have such powers as said Board may
delegate to them by general by
laws or special resolutions and to
hold their office at the pleasure of
the Board of Directors.
Directors may for single meet
ing grant their proxy to any stock
holder or other director. Vacan-
cies in the board shall be filled by
the remaining members.
Until the first stockholders meet
ing in 1918, the Board of Directors
! Of the Company shall consist of:
Albert F. Storm
Eugene A. Pharr
/, Lewis J. Bass
Maurice E. Norman
James F. Prohaska
/, A. w. Pettigrew
Warren B. Reed
/. Herbert M. Gotten
! c. E. King
! Sol Loeb,
which Board shall meet immediate
ly after the adoption of this act of
Incorporation, at the donaicile of the
Company, and elect the officers for
the remainder of the business year,
and fill any vacancies among the
number.
ARTICLE v.
The annual stockholders meeting
| o4 oil h. hn1A %hn fsrck Mn~lo1.
after the first Tuesday of January
tice, at the domicilc of said Com
Directors for the ensuing year, as
of SAID corporation coming before
it.
Each stakeholder shall be entitled
to one vote for each full share of
capital stock held by him in person.
or by proxy, provided, however, that
each and every stockholder shall al
50 have the right at their option of
cumulative voting in the election of
said Directors.
Two Tellers shall be appointed by
the Board of Directors to hold said
election.
ARTICLE W..
The domicile of this company is
hereby fixed at Morgan City, Parish
of St. Mary, State of Louisiana,
where all legal process shall be
served, as provided by law
ARTICLE VII.
The capital stock of this company
shall be FIFE THOU
SAND (s75,0OO.0O DOLLARS, d.
vided into SEVEN HUNDRED |
FIFTY (750) SHARES, of the par
value of ONE HUNDRED ($10O.- |
0O) DOLLARS each, fully paid and |
non-assessable, all of said shares to
be of equal rank, provided, however, /
that said capital stock may be in
creased as provided by law, not ex-
ceeding TWO HUNDRED TOHUS-
AND ($2O0,O00) DOLLARS, such
increase of. stock to be represented
by shares of the par value of ONE
HUNDRED ($100.00) DOLLARS
each, and to be sold for such sums
not less than par, as the Directors
may elect. Stock may be paid for
in cash, or exchanged for services,
or property.
Upon the. expiration of this Char
Ter, eltner Oy IlmlCaClOn or actlOn
of the stockholders, its affairs shall
be iquidated and wound up in ac-
cordance with law.
ARTICLE TX. !.
This corporation shall become
going concern. as soon as FORTY /
THOUSAND DOLLARS of the cap
ital stock has been actually subscrib-
ed for, and this act of incorporation
may also serve as a subscription
list, the parties hereto have affixed
opposite their name the number of
shares of capital stock for which
each subscribes.
Thus done and signed at NOR |
GAN CITY, LOUISIANA, on the
9Th day of September. 1917. in the