The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-26
Pc, all acts necessar,.
'''' - ne en,qpm4e ,te now e, 'ae'dss
ARTICLE III ets.


pofate seal and the sa anu US, e co..
ora Or alter : At pleasure; to aeon; % 1'ss
ertS 2f all kinds by a N @ maa pro,
sos Yer; or to hire or lease saes ans what
70 hoid. use, or otherwise "a me SAM
mo morn, a. It may elect, as ws sp0 se
say, pledge or hypothssc.as.as as I
s"in ne, subject only to such l ;m;.ee ta
as may De prescribed by lawn a'''satioa
general, to do, have nc:.o ra*' and, il
FORM any and all acts Of + w - OF PEI
alton. "i 70 cOrpo,
II all matters not snec;f;r
vlde e, for herein, this corns 90
shall be deemed to have n.ootporatlo,
IKE, I any and all other and an and
Inef powers as may be given emu !. ny
s 81 "a act 80 -o' Of 1914. or o.se, ! ~
ARTICLE w.
The entire and full cornor,,.
s e, Of I TINS Company shall be ve ss ~. !
fae Board of Directors, consisted ;ss!sa u
not less than three, nor mora Of
twelve stockholders, tn nuuh .1nsl
be determined at the annual 'oer %
holders meeting: said Board ~ It0 W
I reeeors snail elect Presiden, "
nice-Presldent and Seer.t ..
treasurer from among their nn..t
together with such managers and nui" s"S
ordinate officials as in the, ;uas
ment may be necessary. al .; 'a .as;
officials ard agents to have " s'a
powers as aid Board NAV ds,o su.a
to them ny general by laws o. sna..'
resolutions. and to holl ,Ilei, o epss..
at the pleasure or the Board Of D;rs. '
directors may for a single neet;,,A
grant their proxy to any stockhoida.
or other director. Vacancies ~ .s1
board shall be filled by the remajr; inv
members. ''''''as
Until the first stockholders m.e.
ing in 1919, the Board of D;raoto..
OF the Company shall consist of. W.
Albert F. Storm Va
Eugene A. Pharr
Lewis J. Bass
Maurice E. Norman
Ashley W. Pettigrew.
which Board shall meet immed;...,.
after the adoption of this act Of ~
corporation, at the domicile Of n.
Company and elect the officer, n,
the remainder of the business ve ~.
and fill any vacancies among tks
number. '''
ARTICLE V.
The annual stockholders meet;no
shall be held on the first Monday At.
ter the first Tuesday of January 81
each year, after due and legal notes,
at the domicile Of said Company,
which meeting shall elect the Dire.
tors for the ensuing year, as well 1.
transact any other business Of said
corporation coming before it.
Each stakeholder shall be entitled
to one vote for each share Of the an.
ital stock held by him in person, o.
by proxy, provided. however, that
each and every stockholder shall Il.
80 have the right at their option Of
cumulative voting in the election Of
said Directors.
ARTICLE vi.
The domicile of this company is
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 ($lO,OOO)
Dollars, divit. d into One Hundred
(100) shares, # the par value Of
One Hundred s1OO) Dollars each,
fully paid and n n-assessable, all Of
said shares to be equal rank pro.
vided, however, t at said capita!
stock may be incre, sed as provided
by law, not exceedir One Hundred
Thousand ($100,000) Dollars, such
increase of stock to be represented
by shares Of the par value Of One
Hundred (S1O0) Dollars each, fully
paid and worcestershire to be sold Tor
such sums not less than par, as the
Directors may elect. Stock may be
paid for in cash, or exchanged TOT
services or property.
ARTICLE VIII.
Upon the expiration Of this Char:
ter, either by limitation or action OF
the stockholders, its affairs shall De
liquidated and wound up in accord
ance with law.
ARTICLE TX.
This corporation shall become . 90,
ing concern as soon as Five Thousand
(S5,OOO) Dollars of the capital STOCK
has been actually subscribed for, anu
this act of incorporation may also
serve as a subscription list, the par
ties hereto have affixed opposl!sI
their name the number of shares o.
capital stock for which each sun
scribes. v,,
Thus done and signed at morgan ~
City, Louisiana, on the 3otn aay D
May, 1918, in the presence OF >: -. ~
Braddock and J. Z. Bass, compe'ei'
witnesses, and me, Notary, after uu'
reading of the whole.
fSignedl
A. W. PETTIGREW, 8 shares
f. A. PHARR. shares
NJ. Z. NORMAN, 9 shares
By l. J. Bass.
LEWIS J. BASS. Is shares