The Morgan City daily review. (Morgan City, La.) 1916-1920, 1917-11-02

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indebtedness; and, generally, to have
such powers and to do and perform
all such other and further acts,
whether directly enumerated above
or not, and as may be permitted by
law, to be embraced within the pur-
view of one corporation holding the
powers set out above, as we'll as to
do, have and perform all acts nee
essary or incidental to the enumer-
ated powers.
ARTICLE III.
This company shall have power in
it's corporate name to contract, sue
and be sued; to make and use cor
porate seal and the same to break or
alter at 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 hy-
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 a 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 1914, or other laws
of this State.
ARTICLE w.
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
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 ]. 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 don1icile 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
well as transact any other business
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 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.