The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-07-01

Vice-President and a Secrat,,x.
Treasurer from among their numhar
together with such managers and smh
ordinate officials as in Their iuds
ment may be necessary, all Of sail
officials and agents to have such
powers as SID Board may DELEGATE
to them by general by-laws. Or sner;aT
resolutions, and to holl rheir off;cs.
at the pleasure Of the Board of D;rac
tors. Diee
Directors may for a single meet;n,,
gran; thelr proxy to any STOCKHOLDERS
or other director. Vacancies in III
board shall be filled by the remainin5
members.
Until the first stockholders meet.
ing IN 1919, the Board of Directors
Of the Company shall consist Of.
Albert F. Storm
Eugene A. Pharr
Lewis j. Bass
Maurice E. Norman
Ashley W. Pettigrew,
which Board shall meet immediate,v
after the adoption of this act Of in.
corporation. at the domicile Of the
Company and elect the officers for
the remainder of the business wear
and fill any vacancies among H.
number.
ARTICLE v.
The annual stockholders meeting
shall be held on the first MONDAY AZ.
ter the first Tuesday of January Of
each year, after due and legal notice.
at the domicile of said Company.
which meeting shall elect the Direc.
tors for the ensuing year, as well as
transact any other business Of said
corporation coming before it.
Each stakeholder shall be entitled
to one vote for each share of the can.
ital stock held by him in person. or
by proxy, provided, however, that
each and every stockholder shall Al.
so have the right at their option Of
cumulative voting in the election Of
said Directors.
ARTICLE vi.
The domicile of this company il
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, i stock of this company
shall be Ten Thousand ($10,000)
Dollars, divio d into One Hundred
(100) shares, If the par value of
One Hundred s100) Dollars each,
fully paid and n-assessable, all of
said shares to be equal rank pro-
vlded, however, t. at said capital
stock may be incre sed as provided
by law, not exceedir One Hundred
Thousand ($100,00O) Dollars, such
increase of stock to be Represented
by shares of the par value of One
Hundred ($100) Dollars each, fully
paid and worcestershire to be sold for
such sums not less than par, as the
Directors may elect. Stock may be
paid for in cash, or exchanged for
services or property.
ARTICLE VIII.
Upon the expiration of this Char.
ter, either by limitation or action Of
the stockholders, its affairs shall be
liquidated and wound up in accord
ance with law.
ARTICLE TX.
This corporation shall become 60
ing concern as soon as Five Thousand
($5,0O0) Dollars Of the capital stock
has been actually subscribed for, and
this act of incorporation may also
serve as a subscription list, the par
ties hereto have affixed opposita1
their name the number Of shares 4
capital stock for which each SUI
scribes.
Thus done and signed at Morgan
City, Louisiana, on the 3Oth day Of
May, 1918, in the presence of ]. +
Braddock and ]. E. Bass, competent
witnesses, and me, Notary, after due
reading of the whole.
1Signed)
A. w. PETTIGREW, 9 shares.
E. A. PHARR, 9 shares.
M. E. NORMAN, 9 shares,
By L. J. Bass.
LEWIS J. BASS, IS shares.
A. F. STORM, 8 shares.
Witnesses:
j. R. BRADDOCK,
J. E. BASS.
|, ROBT. E. BRUMBY,