The herald., 1918-06-27
CHARTER OF

Bt IL KNOWN tnat on TINS, the lUtn udN
! of the month of May, in the year of our
Lord, one thousand, nine hundred and
eighteen, before me. Charles +. FletChin-
! ger, Notary Public, duly commissioned
| and qualified, in and for the City of New
| Orleans, State of Louisiana, therein re-
siding, and in the presence of the wit
neSSes hereinafter named and undersigned,
personally came and appeared:
The several persons whose names are
heTeuntO subscribed, all of lawful age and
| all residents of the City of New Orleans,
State of Louisiana, and, availing them
selves of the laws of the State of Louisi
ana and particularly of Act 267 of the
General Assembly of the State of LOuisi-
| ana, for the year 1914, relative to the Or
| ganiZatiOn of corporations, state that they
have cOvenanted and agreed and do here
| by covenant and agree to form themselves,
| as well as such persons who may become
| associated with them or succeed them, in
| to a corporation, for the objects and pur-
poses and under the following Articles,
| tO-wit:
Article 1.-The name of this corporation
| shall be "MOunt-Gomer Company, Inc"
and under said corporate name, IL shall
| have succession for ninety-nine years, un-
| less sooner dissolved, and shall have pow
er and authority to contract, sue and be
sued; to make and use a corporate SEAL
the same to alter or break at pleasure; to
make all necessary rules and regulations
| for its corporate management and con-
| troll; and ii shall have and enjoy all the
rights, privileges and immunities which
are now conferred upon or may be here
after granted to corporations of the same
kind and character.
Article 1.-THE domicile of said corpor-
alton is hereby fixed in the City of New
| Orleans, State of Louisiana, and all eta
tions and other legal process shall be
served upon the President of said corpor-
| alton, and, in case of his absence, upon
the Vice President, and in case of the alb
sence Of both, upon the Secretary-Treasur-
Article III-The objects and purposes
| for which said corporation is organized
are herby declared to be: To lease and
suitcase lands of every description and
to improve the same for general spe-
cial purposes; to operate plantations of
all kinds, and to lease the same; to raise
and deal In agricultural products; to en-
gage in and conduct a general merchandise
business, both wholesale and retail, in the
State of Louisiana or elsewhere; to pur-
chase, breed, sell and deal in live stock of
all kinds; to build saw mills, grain eleva-
tors, factories, warehouses, and to operate
same; and to construct and operate switch
tracks and railroads in connection there
with to establish and operate barge and
boat lines; to acquire and hold by pur-
chase, lease or otherwise, property real
and personal, and to sell, lease, mortgage,
pledge or hypOthecate the same; TO Dor
row money, to draw, make and indorse
bills of exchange and prOmissOry notes
and issue bonds; to sell, assign, transfer,
mortgage, pledge or otherwise dispose OF
bonds or other securities or shares of cap
ital stock in any other corporations
whether foreign or domestic; and, gener-
ally, to do any and all things incidental
or germane to any of the objects and pur-
poses above specified.
Article Iv.-The capital stock of said
corporation is hereby fixed at the sum OF
twenty thousand dollars 0,0O0O0), di-
vided into two hundred (2OO) shares OF
the par value of one hundred dollars
($1O0.O0) each, all of which shall be COM
mon stock and the same may be issued
for cash or in payment of property OF
| services actually received by or rendered To
the corporation.
! The parties hereto declare that they have
! subscribed for the number of shares OF
the capital stock of the corporation SET
opposite their respective names, so that
this act of incorporation shall serve as an
original subscription.
Chauncey French, a subscriber to one
hundred Q00) shares and c. Il. Mahaffey
a subscriber to ninety eight (9S) shares OF
the capital stock of said corporation, have
conveyed, transferred and delivered to the
corporation, in full payment and liquida'
, ton of their respective subscriptions, GER
tain personal property as shown on the
J memorandum filed herewith, giving the
: location and detailed. itemiZed description
> thereof, together with a statement of it:
: value as appraised by the directors of the
) No transfer of stock shall be binding
] upon this corporation unless made anC
recorded upon its books.
The amount to which the capital stool
r of said corporation may be increased Il
hereby fixed at the sum of one hundred
4 thousand dollars ($100, 100000.
: Article v.-All the powers of said cor
poration shall be vested in and be exer
S cised by a Board Of Directors, composed
' | of not less than three shareholders, ant
majority shall constitute a quorum TO
, the transaction of all business.
majority of the Board of Director
: voting, in person, shall be required to pas
( any resolution or adopt any bylaw, whicl
e when so passed or adopted, shall becom
S valid corporate acts.
The Board of Directors shall be electe
s to be- Sed on the FIRST Mon
( day in January, 1919, and on the sam
: day and month in each succeeding years
e after ten days written notice mailed I
d each shareholder at his last known ad
e dress appearing upon the books of tn
e corporation, unless such notice be waive
: in writing by all the shareholders appear
y ing as such upon the books.
The failure, however, from any cause,
e hold the annual meeting of the stoekhold
), ers, or failure to elect directors therea
e shall not operate the forfeiture Of thi
n charter nor impair the corporate manage
l. ment, but the directors and officers the
b in office shall serve until their successor
have been duly elected, qualified and II
e stalled. Any vacancy in the Board of d
l. rectors shall be filed for the unexpire
II term by the remaining directors.
z The officers of the corporation sha
consist Of a President, one or more Vic
= Presidents, a Secretary, Treasurer an
S. The offices of Secretary and Treasure
E. may be held by one and the same persO
g. under the name of Secretary Treasures
l. the offices of President and Treasurer an
s. Vice President and Treasurer or Vic
President and General Manager may Xix
r wise be combined under the names
E. President and Treasurer, Vice-Presidel
Of and Treasurer, or Vice-President and Gel
in eral Manager.
ne Article VI.-The first Board of Directo
n and officers who shall serve until the a
CT nual meeting to be held on the first Mo
K day in January, 1919, shall consist o
er Chauncey French, 10 Audubon Blvd, Ne
Orleans, who shall be President; C..
L. Mahaffey, Port Gibson, Miss, who sh;
A. be Vice-President and General Manage
Or f. G. Rogers, TAO Belfast St.. New
he leans, who shall be Secretary Treasures
Article VII.-This act of incorporate
d. may be changed, altered or amended,
of this corporation may be dissolved by al
I'd with the consent of the holders of tw
in thirds in amount Of its then outstandtl
al stock at a general meeting convened
er that purpose after thirty days notice
he writing mailed to each stockholders Ia
J known address, and after fifteen da,
~ publication in one of the daily newspapt
n. in the City Of New Orleans, as prescrib
ed by law.
nd II this corporation should be dissoly
r. by limitation or otherwise, its Affairs sh
Is, be liQuidated under the supervision
to. three commissioners to be elected at