The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-25

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treasure. treasurer from among their e une's1
together with such managers and aui' .ss
ordinate officials a. in >. 'a''
m ss may be necessary. Al !'s ., 'o 10y;
officials and agents to hav n VI s'a
powers as zsid Board NAV da,. suei
10 them by general bylaws o. us ssss a,
resolutions, and to hori the;, e eess''
tors. "'u VI Ure
Directors may for a .;no,o WAL.
grant their proxy to any stocth hoii
or other director. VacancS;.s.' a ~ os
members. VIC remaining
Until the first stockholder,. u...
ing in 1919, the Board Of D;,s mss..
OF the Company shall consist Of.
Albert F. Storm W.
Eugene A. Pharr
Lewis j. Bass
Maurice E. Norman
Ashley W. Pettigrew.
which Board shall meet imm.d;...,.
after the adoption of this act ~ y
corporation, at the domiciIe ~ -.
Company and elect the off;cs =. ~ ~
the remainder Of the business ', vs .v'
ana I'LL any vacancies amone n.
ARTICLE v.
The annual stockholders m.et;,,
snail be held on the first Monday y
ter the first Tuesday Of January i
each year, after due and LEGAL not;e,
at the domicile of said Comp.p,.
which meeting shall elect the dr..
tors for the ensuing year, as well n
transact any other business Of ,,a
corporation coming before il,
Each stakeholder shall be entitled
to one vote for each share Of the IN.
ital stock held by him in person. !,
by proxy. provided. however. III
each and every stockholder shall 4.
50 have the right at their option q
cumulative voting in the election d
said Directors.
ARTICLE vi.
The domicile of this company /,
hereby fixed at Morgan CITY, Psrish
OF St. Mary, State of Louisiana,
where all legal process shall be sew.
ed, as provided by law.
ARTICLE VII.
The capn l stock of this company
shall be Tel Thousand 100000
Dollars, divit. d into One Hundred
(1OO) shares. # the par value Of
One Hundred 5000 Dollars each,
fully paid and n-assessable, all Of
said shares to be t equal rank pro.
vided, however, t. at said capita!
stock may be incre. sed as provided
by law, not exceedir One Hundred
Thousand (S100,000) Dollars, such
increase of stock to be represented
by shares of the par value Of One
Hundred (S1OO) Dollars each, fully
paid and worcestershire to be cold TOR
such sums not less than par, as The
Directors may elect. Stock may b
paid for in cash, or exchanged tor
services or property.
ARTICLE VIII.
Upon the expiration Of this ChAl.
ter, either by limitation or action o.
the stockholders, its affairs shall 3
liquidated and wound up in accosd'
ance with law.
ARTICLE TX.
This corporation shall become . 70.
ing concern as soon as Five Thousaba
($5,OOO) Dollars Of the capital ssoei
has been actually subscribed for, ans
this act of incorporation may AZ
serve as a subscription list, the p
lies hereto have affixed oppose:
their name the number OF shares q
capital stock for which each SUI
;cribes. -,
Thus done and signed at Morg.a
City, Louisiana, on the goth gay o.
May, 1918, in the presence OF :: =
and J. Z. Bass, compe'sn'
witnesses, and me, Notary, after wv
'eading Of the whole.
(Signed)
A. ". PETTIGREW, 9 shares
+. A. PHARR, 9 shares.
NJ. f. NORMAN, 9 shares,
By l.. j. Bass.
LEWIS j. BASS, is shares
A. +. STORM, 9 shares.
Witnesses:
J. r. BRADDOCk,
ROBT. E. BRUNBH,
Notary Public.