The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTER OF
MOUNT-GOMER COMPANY, IN

of the month of May. in the year of our
Lord. one thousand. nine hundred and
eighteen. before me. Charles +. Fletchin
ger, a 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
hereunto subscribed all of lawful age and
all residents of the City of New Orleans,
State of Louisiana, and, ayailing them
selves of the laws of the State of LOuiSi-
ana and particularly of Act 261 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 Thorn or succeed them. in
| to 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, I'M
| less sooner dissolved, and shall have pow
er and authority to contract, sue and be
sued to make and use 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 il 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 cita-
| 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 or 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 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,
| Wnptner foreign or OOmeStlC, ana, Rener-
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 ($20,000.00). di-
vided into two hundred (2O0) shares of
the par value of one hundred dollars
| ($l0OOO) each, all of which shall be COM
mon stock, and the same may be issued
for cash or in payment of property or
| 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 (lOO) shares and G. Il. Mahaffey.
a subscriber to ninety eight 1881 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
location and detailed, itemized description
thereof. together with a statement of its
value as appraised by the directors of the
corporation.
No transfer of stock shall be binding
upon this corporation unless made and
recorded upon its books.
The amount to which the capital stock
OF said corporation may be increased is
hereby fixed at the sum of one hundred
thousand dollars (s1OOOOO.OO).
Article V.-All the powers of said cor
pOratiOn shall be vested in and be exer-
cised by a Board of Directors, composed
of not less than three shareholders and
a majority shall constitute a quorum for
the transaction of all business.
| A majority of the Board of Directors
voting, in person, shall be required to pass
any resolution or adopt any bylaw. which
when so passed or adopted, shall become
valid corporate acts.
| no ard of Sban ho oil rod
annually, at a general meeting of the
shareholders, to be held on the first Mon
day in January. 1919 and on the same
day and month in each succeeding years,
after ten days written notice mailed to
each shareholder at his last known adj
dress appearing upon the books of the
corporation. unless. such notice be waived
in writing by all the shareholders appear
ing as such upon the books.
| The failure, however. from any cause, to
hold the annual meeting of the stOckhold-
ers,, or failure to elect directors thereat,
shall not operate the forfeiture of this
charter nor impair the corporate manage
ment but the directors and officers then
in office shall serve until their successors
have been duly elected, qualified and in
stalled. Any vacancy in the Board of Di-
rectors shall be filled for the unexpired
term by the remaining directors.
The officers of the corporation shall
consist of a President, one or more Vice
Presidents, Secretary, a Treasurer and
| a General Manager.
The offices of Secretary and Treasurer
may be held by one and the same person
under the name of Secretary Treasurer
the offices of President and Treasurer and
Vice-President and Treasurer or Vice
President and General Manager may like
wise be combined under the names OF
President and Treasurer, Vice President
and Treasurer, or Vice-President and Cen
eral Manager.
Article VI.-The first Board Of Directors
and officers who shall serve until the an
nual meeting to be held on the first Mon
day in January, 1919. shall consist of
Chauncey French. 10 Audubon Blvd New
Orleans. who shall be President; c. B
Mahaffey, Port Gibson, Miss who shall
be Vice-President and General Manager
Il. G.. Rogers. 7740 Belfast ST., New Or.
leans. who shall be Secretary Treasurer.
| Article VII.-This act of incorporation
may be changed, altered or amended OIL
i this corporation may be dissolved by and
with the consent of the holders of two
thirds in amount of its then outstanding
stock at a general meeting convened for
that purpose, after thirty days notice in
writing mailed to each stockholders last
known address, and after fifteen days
publication in one of the daily newspapers
in the City Of New Orleans, as prescribed
by law.
II this corporation should be dissolved
by limitation or otherwise, its affairs shall
be hQuidated under the supervision OF
three commissioners to be elected at q