The Morgan City daily review. (Morgan City, La.) 1916-1920, 1917-11-29

President, vlce-PreSldent, ana Sec
retary-Treasurer 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 a 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
~ after the adoption of this act OF
incorporation, at the doniicile 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
shall be held on the first Monday
after the first Tuesday of January
Of each year after due and legal no.
tice, at the domicile Of said Com
pany, which meeting shall elect the
Directors for the ensuing year, as
we'll as transact any other business
Of said corporation coming before
it.
Each stockholder 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
20 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 vi.
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 SEVENTY-FIFE THOU
SAND ($75,O0O.OO DOLLARS, di-
vided into SEVEN HUNDRED
FIFTY (75O) 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 ($20O,000) DOLLARS, such
increase Of stock to be represented
by shares of the par value of ONE
HUNDRED ($1O0.O0) 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.
ARTICLE VIII.
Upon the expiration OF this Char
ter, either Ly limitation or action
of the stockholders, its affairs shall
be liquidated and wound up in ac-
cordance with law.
ARTICLE TX.
This corporation shall become a
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
presence of Messrs. Geo. L. Perret |
and Miss Annie George, competent !
witnesses, and me, Notary, after
due reading Of the whole.
Shares subscribed (S.gnad) !
2S1 A. F. STORM
ID Z. A. PHARR
Sd L. s. CLARKE
Ii S. NYE BASS
IA LEWIS j. BASS
By Lewis ]. Bass
10 B. A. STORM