The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-02-07
shall possess all the powers, rights,

DQIdtlOHS
authorized to possess under the Con-
tuition and laws Of this State, and
particularly under Act No. 267 OF
the Acts of the Genersl 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 ct Louis
lana.
ARTILLE III.
! The objects and purposes Tor
which this corporation IS formed and
the na+;le Of the business to be car
ried OF By it, are hereby declared to
be:
To buy and sell stocks. bonds,
mortgages. debentures, trust re-
ceipts, commercial paper, consois,
and government securities, either for
itself OF agent Of any person, firm
or corporation, but not to engage IN
the banking or stock-j obblng bust
ness: to act as the fiscal agent Of
anv 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
a,.v other evidence Of Indebtedness
to carry on any other business which,
under the law, it may be entitled to
carIv on which may seem to the cor
poration to be calculated. directly or
Indirectly. TO effectuate the afore-
said objects or either Of them, 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 prl-
viieges as relate to the objects and
purposes hereinabove set forth or as
may be necessary. useful or conven-
lent for effecting said objects and
purposes
ARTICLE ".
The authorized capital stock OF
this corporation is hereby declared
to be the sum Of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS $3.50, 100000. The present
II authorized capital stock of this
corporation shall be represented by
Two Thousand, Five Hundred
f2,5OO) shares of the par value Of
One Hundred Dollars (s100.00l
each. The said capital stock shall
shall be personal property. 1t shall
be fully paid and worcestershire
when issued. No transfer of said
capital stock shall be binding upon
this corporation unless made in ac-
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 all of the
corporate powers thereof shall be
vested in and exercised b. a board
of not more than fifteen (15) and
not less than five 90 directors, to
be elected from among its stock
holders. and a majority of the direc-
tors, either present in person or
tute a quorum The said board of
directors shall have the right to
nominate and. appoint such agents,
managers or sub-agents as IN their
judgment they deem necessary In
the management of the corporation
of the conduct and carrying on of
its business.
ARTICLE ".
The first board of directors Of this
corporation shall be composed of:
E. A. Pharr, whose post-office adj
dress is Morgan City, Louisiana.
NJ. E. Norman, whose post-office
address is Morgan CITY. louisiana
3. O'Brien. whose post-office adj
dress is Rhoda. Louisiana.
". e. Reed, whose pcst-office aG-
dress is Morgan City, Louisiana
and,
K. S. Foster, whose postoffice
address is Morgan City Louisiana
with E. A. Pharr as President. B.
O'Brien as Vice-President, and NJ. E.
Norman as Secretary Treasured. Said
board Of directors shall serve until
the first meeting of stockholders for
the election of directors. or until
their successors are elected and
qualified.
ARTICLE VII.
On the first Wednesday in Janu-
airy, 1919, and annually thereafter
on the first Wednesday in January
in each year, a meeting of the stock
holders of this corporation shall be
held at its domicile for the purpose
of electing directors for the ensuing
year. A failure from any cause
whatsoever to hold the annual meet
elect directors thereat, shall not dis
solve this corporation, but the direc-
tors and officers then in office shall
remain in office until their success
sors shall have been respectively du-
ly chosen, elected, qualified and in
stalled.
/ ARTICLE VII.
This charter may De amended, and
the capital stock Of this corporation
may be increased or decreased, OF
this corporation may be dissolved in
the method and manner provided by
law.
| ARTICLE TX.
No stockholder Of this corporation