The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-02-06

shall possess all the powers, rights,
privileges and immunities which cor
porations are and may hereafter be
authorized to possess under the Con:
st:tution and laws Of this State, and
particularly under Act No. 267 OF
| the Acts of the Genersl Assembly OF
the State of Louisiana FOR the year
1914.
ARTICLE II.
| The domicile OF this corporation
shall be at the City of Morgan City,
Parish of St. Mary, State Of Louis
lana.
ARTILLE III.
The objects and purposes Tor
which this corporation is formed and
the nat,.1e Of the business to be car
rie6 on BY it, are hereby declared to
be:
To buy and sell stocks. bonds,
mortgages, debentures, trust re-
ceipts, commercial paper, consols,
and government securities, either for
itself or agent of any person, firm
or corporation, but not to engage IN
the banking or tock-jobbing bust
ness: to act as the fiscal agent OF
any person, firm or corporations; to
buy. sell, let, lease, hire, own or de-
mise or generally deal and trade in
real estate, with the power to I'M
nrove or increase the value thereof !;
TO borrow money and grant mort
cages, bond mortgages or notes
therefor; to lend money and to re-
!, ceive therefor mortgage, bonds or
aly other evidence of Indebtedness
to carry on any other business which,
under the law, it may be entitled to
carry on which may seem to the cor
poration to be calculated, directly or
indirectly, to effectuate the afore-
said objects or either Of them, or to
facilitate it in the transaction OF Its
aforesaid business or businesses, or
, any part thereof, or in the transac-
, ton of any other lawful business
that may be calculated, directly or
indirectly, to enhance the value of
or to render profitable any of the
company's properties and rights,
and generally to hold and exercise
all such incidental powers and pri-
vileges as relate to the objects and
purposes hereinabove set forth or as
may be necessary, useful or conven-
: lent for effecting said objects and
ARTICLE "
The authorized capital stock OF
this corporation is hereby declared
to be the sum of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS (s25O,OOO.O0). The present
" authorized capital stock of this
corporation shall be represented by
Two Thousand, Five Hundred
(2,5OO) shares Of the par value OF
One Hundred Dollars ($1OO.O0l
each. The said capital stock shall
? shall be personal property. 1t shall
be fully paid and worcestershire
> when issued. No transfer of said
capital stock shall be binding upon
> this corporation unless made in &C.
cordance with its charter and BY
laws and recorded on the books
' thereof.
ARTICLE v.
The business Of this corporation
shall be managed by and all of the
4 corporate powers thereof shall be
: vested in and exercised by board
: of not more than fifteen 15) and
: not less than five (5) directors, to
: be elected from among its stock
: holders, and a majority of the direc-
tors, either present in person OF
e represented by proxy, shall consti.
: tute a quorum. The said board OF
e directors shall have the right to
: nominate and appoint such agents
managers or sub-agents as in thei1
= Judgment they deem necessary in
+. the management Of the corporation
of the conduct and carrying on OF
y its business.
e ARTICLE VI.
: The first board of directors of this
: corporation shall be composed of:
: E. A. Pharr, whose post-office ad
r dress is Morgan City, Louisiana.
address is Morgan City. Louisiana:
] B. O'Brien, whose post-office adj
dress is Rhoda, Louisiana.
w. B. Reed, whose post-office ad-
dress is Morgan City, Louisiana
and,
K. S. Foster, whose postoffice
address is Morgan City Louisiana
S with E. A. Pharr as President, B
, O'Brien as Vice-President, and NJ. E
! Norman as Secretary Treasured. Said
board Of directors shall serve until
! the first meeting of stockholders fol-
$ the election of directors, or until
their successors are elected and
qualified.
ARTICLE VII.
On the first Wednesday in Janu-
airy, 1919, and annually thereafter
> on the first Wednesday in January
{ in each year, a meeting of the stock
/, holders of this corporation shall be
: held at it's domicile for the purpose
of electing directors for the ensuing
: year. A failure from any cause
:. whatsoever to hold the annual meet
e elect directors thereat, shall not dis.
s solve this corporation, but the direc'
!, tors and officers then in office shall
y remain in office until their success
t sors shall have been respectively du
d ly chosen, elected, qualified and in
e stalled.
l. ARTICLE VII.
d This charter may be amended, ant