The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-02-02


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.
ARTICLE III.
The objects and purposes tor
which this corporation is formed and
the nat;le of the business 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, consois'
and government securities, either Tor
itself or agent of any person, flrm
or corporation, but not to engage IN
the banking or stock-jobblng busl.
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 III
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,y 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 them, or to
facilitate it in the transaction OF Its
aforesaid business or businesses, or
any part thereof, or in the transac-
ltion of any other lawful business
that may be calculated, directly or
: indirectly, to enhance the value CT
or to render profitable any of the
companv's properties and rights,
and generally to hold and exercise
all such incidental powers and prl-
, vileges as relate to the objects and
purposes hereinabove set forth or as
NAV be necessary, useful or conven-
! lent for effecting said objects and
ARTICLE ".
The authorized capital stock OF
this corporation is hereby declared
to be the sum of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS (s250,OOO.0O). The present
ly authorized capital stock of this
corporation shall be represented by
Two Thousand, Five Hundred
(2,5OO) shares of the par value OF
One Hundred Dollars ($10O.0Ol
each. The said capital stock shall!
, shall be personal property. It shall!
be fully paid and worcestershire
, when issued. No transfer of saic
capital stock shall be binding upor
, this corporation unless made in &C
cordance with its charter and by
laws and recorded on the book:
:, thereof.
ARTICLE v.
= The business of this corporatlor
shall be managed by and all OF tne
n corporate powers thereof shall Of
: vested in and exercised by boare
: of not more than fifteen (15) and
: not less than five (5) directors, tt
: be elected from among its stock
: holders, and a majority OF the dlrec
f tors, either present in person o.
e represented by proxy, shall constl
= tute quorum. The said board O.
e directors shall have the right t
J. nominate and appoint such agents
; managers or sub-agents as IN thel
- Judgment they deem necessary II
y. the management of the corporation
y of the conduct and carrying on o
y its business.
Sc ARTICLE VI.
l. The first board Of directors of thi
r corporation shall be composed Of:
= E. A. Pharr, whose post-office ad
ir dress is Morgan City, Louisiana.
n NJ. E. Norman, whose post otflc
ID address is Morgan City. Louisiana:
d B. O'Brien, whose post-office ad
dress is Rhoda, Louisiana.
w. 3. Reed, whose post-office ad
D. dress is Morgan City, Louisiana
and,
7. K. S. Foster, whose postoffic
address is Morgan City Louisiana
IS with E. A. Pharr as President, T
III O'Brien as Vice-President, and M. I
\ Norman as Secretary Treasured. Sal
-, board of directors shall serve unit
N the first meeting of stockholders fc
rs the election of directors, or unit
# their successors are elected an
+ ARTICLE VII.
II On the first Wednesday in Jan,
A. airy, 1919, and annually thereafte
e' on the first Wednesday in Janua1
er in each year, meeting of the stocl
d, holders of this corporation shall
r. held at its domicile for the purpos
n of electing directors for the ensuir
"a year. A failure from any eau
w. whatsoever to hold the annual NEE
Sc elect directors thereat, shall not di
es solve this corporation, but the dire
IS, tors and officers then in office shs
ty remain in office until their succe
It sors shall have been respectively d
ad ly chosen, elected, qualified and i
tie stalled.
u- ARTICLE VIII.
nd This charter may be amended, al
he the capital stock Of this corporate
~nor hn snnrnasnd NJ dorroosod