The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-01-15

)OnOS or HOIcS dLu OIA>A ~
# debt. 1t may accept mortgages !
pledges or other forms OF security
or money loaned or other debts; 1t
nav contract, sue and be sued. plead !
n be implicated by its corporate |
name in any court of competent Ju, |;
.isdiction. 1t may make, adopt and !;
,se a common seal and alter the
same at pleasure. 1t may hold stock |
IN other corporations, and Its cap
tal stock may be issued for capital
stock in other corporations. 1t may
name. appoint and employ such
managers. directors, officers, agents
and other employees as its said bus
mess and convenience may require,
and may fix their compensation, hav-
ing due regard to the nature, char
acter and value Of their services. 1t
NAV make, and establish bylaws,
rules and regulations not lncons!st-
ent with this charter or any existing
law, fixing or altering the manage
ment of its property. the regulation
and government of its affairs, and
the manner of the certificatlon ana
registration of its stock. 1t may
wind up and dissolve itself, or be
wound up and dissolved in the man
ner prescribed by law. 1t may con-
duct business in this State. other
States, the Federal Districts. the
Territories and possessions OF the
United States, and any foreign coun-
try. It shall have the power to In
vest it's Board of Directors with all
of it's corporate powers, subject to
such restrictions as may be named
in this charter. And it generally
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 General Assembly Of
the State of Louisiana for the year
1914.
ARTICLE II.
The dcmicile OF this corporation
shall be at the City of Morgan City,
Parish of St. Mary, State of Louis
lana.
ARTILEE III.
The objects and purposes Tor
which this corporation is formed and
the natl1e of the bus mess to be car
ried O.. 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-jobbing bust.
ness: to act as the fiscal agent OF
any person, firm or corporation; to
buv. 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 note:
therefor; to lend money and to re
ceive therefor mortgage. bonds OF
a..v other evidence Of indebtedness
to carry on any other business which
Under the law, it may be entitled tt
carry on which may seem to the cor
roration to be calculated, directly o!
indirectly, to effectuate the afore
said objects or either of them, or t
facilitate it in the transaction OF 1T
aforesaid business Or businesses, O
any part thereof, or in the transac
ton of any other lawful bushes
that may be calculated, directly o
indirectly, to enhance the value o
or to render profitable any of tn
company's properties and rights
= and generally to hold and exercis
, all such Incidental powers and pri
vileges as relate to the objects an
purposes hereinabove set forth or a
may be necessary, useful or conven
lent for effecting said objects an
purposes.
ARTICLE w.
The authorized capital stock o
this corporation is hereby declare
to be the sum of two HUNDREl
AND FIFTY THOUSAND Dol
LARS 0,OOO0O). The present
" authorized capital stock of thi
corporation shall be represented b
Two Thousand. Five Hundre
(2,5OO) shares of the par value Q
One Hundred Dollars $4,000
, each. The said capital stock sha
be represented by certificates an
shall be personal property. 1t sha
be fully paid and non-assessabl
, when issued. No transfer of sal
capital stock shall be binding upo
this corporation unless made in az
cordance with its charter and b!
laws and recorded on the boob
,, thereof.
ARTICLE v.
l The business of this corporatio
: shall be managed by and all of tk
: corporate powers thereof shall t
: vested in and exercised by boar
: of not more than fifteen 15) an
: not less than five 81 directors,
f be elected from among its stool
e holders, and a majority of the dire
: tors, either present in person {
e represented by proxy, shall const
: tute a quorum. The said board
directors shall have the right
! nominate and appoint such agent
6 managers or sub-agents as in the
:, Judgment they deem necessary
= the management Of the corporate
of the conduct and carrying on
its business.
ARTICLE vi.