The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-12
CHARTER OF THE PALOURDE
DEVELOPMENT CO.. INC.

CHARTER OF THE PALOURDE
DEVELOPMENT CO.. INC.
Before me, Robt. E. Brumby, No.
tary Public, duly commissioned ano
qualified in and for the Parish OF
St. Mary, State of Louisiana, per
sonally came and appeared Nessrs.
Albert F. Storm of Morgan City
Eugene A. Pharr OF Morgan City
La.
Lewis ]. Bass of Morgan City, La
Maurice E. Norman of Morgan
City, La.
Ashley W. Pettierew Of Morgan
City, La.
who severaliy declared unto me, No
tary, that awaiting themselves of the
laws of the State Of Louisiana, and
particularly Of the provisions OF Act
267 of the General Assembly for the
year 1914, they had and do by these
presents, covenant, agree. blnd and
organize themselves, and those who
may hereafter become associated
with them, as corporation and body
polite under the following terms and
conditions constituting their charter.
ARTICLE l.
The name of this corporation shall
be THE PALOURDE DEVELOP
MENT COMPANY, INCORPORAT-
ED, under which name it shall have
corporate existence and succession
for the period of ninety-nine (99)
years from the date hereof, unless
sooner lawfully dissolved.
ARTICLE II.
The purpose for which this corpor-
alton is fo0med is:
To purchase, buy, hold, lease or
otherwise acquire, and to sell
or otherwise dispose of, lands
tenements or other property, NOV
able or immovable, or both; to
to hold, reclaim, improve and develop
swamp and marsh land, or both; as
we'll as all other lands or property, Ell
Their by or for itself, or others, and
to engage in agricultural pursuits
generally, and to operate any manu-
factory for the purpose of disposing
of its agricultural products; to en-
gage lin the buying, raising, improv-
ing, breeding and selling either live,
slaughtered, or packed. of live stock
of all kinds; to own and operate
warehouses, granaries, sugar refln-
cries, or such other manufactures as
it may see fit; to engage in the oil
and mineral business to the fullest
extent; sell and dispose of oil or min
eral leases; to drill, explore or de-
velop for oil, or other minerals and
to produce the same; to produce, buy
or sell any minerals either in the raw
or manufactured state and to operate
all manufactures necessar'- or incl
dent thereto; to obtain franchises for
the sale of oil, gas or other minerals,
lay, install or obtain pipe lines, mains
or other facilities: and generally to
do or perform any acts incident to
the oil or mineral business; to buy
and sell timber and all kndS6f prod
ucts, and to operate sawmills or 9th
er wood manufactures, and buy, sell
or otherwise handle the products of
the same; to own and operate COM
missaries. and to carry on a general
mercantile business, either wholesale
or retail, or both; to conduct a gen
eral teal estate business, and to Icy
pose Of lots, and to construct all de-
sirable improvements, drainage, sew
erage or all other kinds in connec-
ton Herewith; to lay out and con-
struct or acquire roads of all kinds,
ferries, bridges, canals and all APP
purtenances, install pumping plants,
electric lights, gas or water works, on
lands owned or held b. it; or bought
or reclaimed, and to operate any or
all of such improvements; to buy,
acquire, hold, own and operate such
stamboats, barges or other water
crafts, as it may desire for its prl-
vate purposes or may find expedient:
to erect all dwellings. or other build
ings on its property, or elsewhere, as
it ma ysee fit or find necessary; to buy
and sell all property, real personal or
mixed, necessary or incidental to the
carrying out of the above described
purpose, or to loan money on proper
ty, or to borrow money on it's lands,
or real estate, tenements, or other
property, to mortgage and hypothe-
cate the same, and to issue bonds,
notes or other evidences of indebted
ness; and, generally to have such
powers and to do and perform all
such other further acts, whether d.
rectly enumerated above or not, and
as may be permitted by law, to be
embraced within the purview of one
corporation holding the powers set
out above, as wei as to do, have and
perform all acts necessary or inciden-
tai to the enumerated powers.
ARTICLE III.
This Company shall have power in
its corporate name to contrssNt, sue
and be sued; to make and us cor
porate seal and the same break
or alter at pleasure; to acquire prop
erty Of all kinds by any means what
soever; or to hire or lease the same,
to hold, use, or otherwise dispose Of
same, as it may elect, as well as to
mortgage, pledge or hypothecate the
same, subject only to such limitations
as may be prescribed by law; and, in
general, to do, have power to or per-