The Morgan City daily review. (Morgan City, La.) 1916-1920, 1917-11-10
ARTICLE w.

ITeSldenC, Vlce-PreSldent, and Sec
retary-Treasurer from among the.
number, together with such mana
| gers and subordinate officials as il
their judgment may be necessary
all of said officers and agents t.
have such powers as said Board MAY
delegate to them by general BY
laws or special resolutions and t.
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 meee-
ING in 1913, the Board of Director
of the Company shall consist of:
Albert F. Storm
Eugene a. Pharr
Lewis j. Bass
Maurice E. Norman
James F. Prohasha
A w Pettigrcw
Warren B. Reed
Herbert NJ Gotten
c. Z. King
Sol Loeb,
which Board shall meet Immediate
ly after tie adoption of this act of
incorporation, at the dorlicile 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 or the first Monda-
after the first Tuesday of January
of each year after due and legal no.
tlce, at the domicilc of said Com
pany, which meeting shall elect the
Directors for the ensuing year. as
well as transact any other business
of sad corporation coming before
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, tina.
each and every stakeholder shall al
so 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 ISIS, 100000 DOLLARS, d.
vided into SEVEN HUNDRED
FIFTY (75O) SHARES, of the par
value of ONE HUNDRED $780,
DO DOLLARS each,. fully paid and
on-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-
,eeding TWO HUNDRED TOHUS-
AND (S2OO.OOO) DOLLARS, such
increase of stock to be represented
BY shares Of the par value of ONE
($100.0O) DOLLARS
each, and to be sold for such sums
not less than par, as the Directors
may elect. Stock may be paid for
n cash, or exchanged for services,
IL property.
ARTICLE VIII.
Upon the expiration of this Char
er, either Ly limitation or action
# the stockholders, its affairs shall
,e Hquidated and wound up in ac-
'ordance with law.
ARTICLE TX.
This corporation shall become
'oing concern as soon as FORTY
THOUSAND DOLLARS of the cap
tai stock has been actually subscrib-
d for, and this act of incorporation
nay also serve as a subscription
list, the parties hereto have affixed
opposite their name the number of
hares of capital stock for which
ach subscribes.
Thus done and signed at NOR
IAN CITY, LOUISIANA, on the.
It'll day of September, 1917, in the
resence of Messrs. Geo. l.. Perret
nd Miss Annie George, competent
illnesses, and me, Notary, after
ue reading of the whole.
hares subscribed (S;rned)
281 A. F. STORM
81 z. A. PHARR '-r
"a L. S. CLARKE
ID S. NYE BASS