The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-22

t ptft . n all acts necessary .,
'"' 10 me enumerated no, VI sncidea
~, ARTICLE III. 49,
ms Company Shall h,ro
It's corporate name 70 oos power in
n nl,1 oe SUED; to make and usa So.
pofa,g seal and the same '1 to ! h. CO...
or alter at pleasure; to aco0; " ofeat
erts Of all kinds by anv a ma Drop
t to neJ or to hire or lease tbs tbs what
20 n'ia l. use, or otherwise dis n same
SANE as 1t may elect, as w u,spose ot
lnottSagee'. pledge or hypothssen..a as =
same subject only to such lGe ste th.
as may. be prescribed BY la limitation,
general, to do. have nc:.,a Jaw; and, IL
a s.na, incidental or usual to " es,sss
IN all matters not specifically
vided for herein, this corna otu'
shall be deemed to have nosa posatloa
thor , ," any ana all other and fns
theF powers as may be pivar !. 'ai'
SAD Act 267 of 1874, or a.Sa, ); ~. "
OF this State. " law
ARTICLE ".
The entire and full corpor,,.
er OF this Company shall be vests rY. !:
rae Board of Directors, consist; a,a y y
not less than three, nor mors 'lS "
twelve stockholders, the nnuh. .o.a
be determined at the animal o s.. %
holders meeting; said Board a FIN y
rectors shall elect President "
wlce-President and a Secrets"
Treasurer from among their nun,h..
together with such managers and ,Nh
ordinate officials as in th,., ;ua.
ment may be necessary, Al Of 's ..;,
officials and agents to have s s'l
powers as .a.d Board NAV de,ac..a
to them Dy general by laws. o. sns";.i
resolutions. anu to holl thei. cff;cs,
at the pleasure OF the Board Of D;rae
tors O'ec
Directors may for a single meetin,
grant their proxy to any stockhoid..
or other director. Vacancies r. ~.
board shall be filled by the rema;r; %'s
members. ''''s
Until the first stockholders m.e.
ing in 1919, the Board of Director,
OF the Company shall consist Of:
Albert F. Storm
Eugene A. Pharr
Lewis J. Bass
Maurice f. Norman
Ashley W. Pettigrew,
which Board shall meet immediat.,v
after the adoption of this act Of II.
corporation, at the domicile Of the
Company and elect the officers IA,
the remainder Of the business wear
and fill any vacancies among the
number.
ARTICLE v.
The annual stockholders meeting
shall be held on the first Monday a.
ter the first Tuesday Of January q
each year, after due and legal notice,
at the domicile Of said Company,
which meeting shall elect the Diree.
tors for the ensuing year, as well u
transact any other business Of said
corporation coming before it.
Each stockholder shall be entitled
to one vote for each share Of the cap.
ital stock held by him in person, or
by proxy, provided. however, that
each and every stockholdef shall d.
so have the right at their option Of
cumulative voting in the election d
said Directors.
ARTICLE vi.
The domicile Of this company i
hereby fixed at Morgan City, Parish
of St. Mary, State Of Louisiana,
where all legal process shall be serv-
ed, as provided by law.
ARTICLE VII.
The CAPT, ! stock Of this company
shall be Tel Thousand ($l0,000l
Dollars, divid d into One Hundred
(1OO) shares, # the par value Of
One Hundred >s1O0) Dollars each.
fully paid and n n-assessable, all Of
said shares to be t equal rank. pro:
vided, however, t. at said capita!
stock may be incre, sed ~ provided
by law, not exceediD One Hundred
Thousand ($100,000) Dollars. such
increase of stock to be Represented
by shares of the par value Of One
Hundred ($100) Dollars each, fully
paid and worcestershire to b sold tor
such sums not less than pr, . tie
Directors may elect. Stock may b
paid for in cash, or exchanged ~
services or property.
ARTICLE VIM.
Upon the expiration Of tAb ca:
ter, either by limitation o. aetca q
the stockholders, IL s1fei9 seeu a
liquidated and wound up IN eeeess'
ance with law. .
ARTICLE X.
This corporation shah bseons I 3:
ing concern ~ soon ~ Five 1hescanee
(S5.OOO) Dollar, Of TIE eapttal -!
has been actually subscribed 1ol' ~.
this act Of incorporation ny
serve as q subscription LIT. ne Ia.
ties hereto have affixed oppease.
their name the number Of shares q
capital stock for which each sop
scribes. 49,.
Thus done and signed at Mofssss
CITY. Louisiana, on the Both dsy y
Nav, 1918, in the presence Of :: =
Braddock and J. E. Bass, composer
witnesses, and me, Notary, after ous
reading of the whole:
(Signed)
A. w. PETTIGREW, 9 shares
E. A. PHARR, 9 shares.
NJ. E. NORMAN, 9 shares
By L. J. Bass.
LEWIS J. BASS, 10 snares'