The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-01-11

sl;tution and laws of this State, and
particularly under Act No. 267 of
the Acts of the General 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.
Article III.
The objects and purposes for
which this corporation is formed and
the natlle of the business to be car
ried 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 stock iobbing bust
ness; to act as the fiscal agent of
any person, firm or corporation; to
buy, sell, let, lease, hire, own or de-
mise or generally deal and trade in
real estate, with the power to i'm
prove 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
any 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 them6 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 hereipabove set forth or as
may be necessary, useful or conven-
lent for effecting said objects and
purposes.
ARTICLE w.
The authorized capital stock of
this corporation 10 hereby declared
to be the sum of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS $3.50, O0O.0O). The present
" authorised capital stock Of this
corporation shall be represented by
Two thousand, Five Hundred
(2,5O0) shares Of the par value Of
One Hundred Dollars 100000
each. The said capital stock shall
be Represented by certificates and
shall be personal property. It shall
be fully paid and non-assessable
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 AL Of the
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
% StUGV9U 11Vm SuOu8 IL SVOCAs
holders, and . majority Of the direc-
tori, either present in person or
represented BY proxy, shall consti-
tute . quorum. The said board Of
directors shall have the right to
nominate and appoint such agents.
managers or sub-aGents - in their
Judgment they deem necessary in
the management of. the corporation
Of the conduct and carrying on of
ARTICLE vi.
The first board Of directors Of this
corporation shah be composed Of:
+. A. Pharr, whose post-offiee ad-
dress Il Morgan City, Louisiana.
II. E. Norman. whose post-office
[addrsss u Horgan cey. Louisiana.
B. OsDrisn. whose post-offfeb I'D
drsss b .RAoda, Louisiana.
". B. Rsed, whose post-offiee ad-
drs1 i Morgan City, Leuisiana;
end,
v. 8. resese. vhoeo post.eff1eo