The Morgan City daily review. (Morgan City, La.) 1916-1920, 1917-11-15

rotary Treasurer from among thei,
number, together with such mana
gers and subordinate officials as ir
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
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 ANIMAL 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 domicilc 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.
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 (S75,O0O.OO DOLLARS, d.
yided into SEVEN HUNDRED
FIFTY (750) SHARES. Of the par
7alue of ONE HUNDRED ($10O.-
)0) DOLLARS each, fully paid and !
all of said shares to
re of equal rank, provided, however,
hat said capital stock may be in
'feased as provided by law, not ex-
eeding TWO HUNDRED TOHUS-
AND ($20O,O0O) DOLLARS, such |
Increase of stock to be represented |
" shares of the par value of ONE
($1OO.OO) DOLLARS
ach, and to be sold for such sums
lot less than par, as the Directors
nay elect. Stock may be paid for
n cash, or exchanged for services,
r property.
ARTICLE VIII.
Upon the expiration of this Char
err, either by limitation or action
f the stockholders, it's affairs shall
e liquidated and wound up in &C
with law.
ARTICLE TX.
This corporation shall become
ding concern as soon as FORTY
thousand DOLLARS of the cap
al stock has been actually subscrib-
d for, and this act of incorporation
lay also serve as subscription
st, the parties hereto have affixed
pposite their name the number of
mares Of capital stock for which
ach subscribes.
Thus done and signed at NOR
AN CITY, LOUISIANA, on the
tn day of September. 1917, in the
resence Of Messrs. Geo. L. Perret !
nd Miss Annie George, competent
illnesses, and me, Notary, after
ne reading Of the whole.
hares subscribed (S:gne1)
2S1 A. F. STORM
81 T. A. PHARR
81 L. S. CLARKE
IA S. NYF BASS {