The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-02-01
ARTICLE II.

ARTICLE ii.
The dcmicile OF this corporation
shall be ar the City of Morgan City,
Parish of St. Mary, State Of Louis
lana.
ARTILLE III.
The objects and purposes for
which this corporation is formed and
he na+;1e Of the business to be car
rie6 on BIZ it, are hereby declared to
be:
To buv and sell stocks. bonds,
mortgages. debentures, trust re-
ceipts, commercial paper, conso!s,
and government securities, either for
itself or agent of any person, firm
or corporation, but not to engage IN
the banking or stock-jobbing busl-
ness: to act as the fiscal agent OF
any 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,,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-
ton of any other lawful busIpess
that may be calculated, directly or
indirectly, to enhance the va.uc or
or to render profitable any OF the
company'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
purposes
ARTICLE w.
The authorized capital stock Of
this corporation is hereby declared
to be the sum of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS 100000. The present.
" authorized capital stock of this
corporation shall be represented by
Two Thousand, Five Hundred
(2,sOO) shares Of the par value Of
One Hundred Dollars (S10O.OO)
each. The said capital stock shall
shall be personal property. 1t shall!
be fully paid and non-assessable
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 by board
of not more than fifteen 15) and
not less than five (5) directors, to
be elected from among its stock
holders, and majority of the direc-
! tors, either present in person or
represented by proxy, shall constl-
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 pecessary in
the management Of the corporation
Of the conduct and carrying on of
it's business.
! ARTICLE VI.
The first board Of directors of this
corporation shall be composed of:
E. A. Pharr, whose post-office ad-
dress is Morgan City, Louisiana.
NJ. E. Norman, whose post-office
address is Morgan City. Louisiana;
B. O'Brien, whose post-office adj
dress is Rhoda, Louisiana.
W. B. Reed, whose post-office ad
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. +
Norman as Secretary-Treasured. Sale
board Of directors shall serve unit
the first meeting of stockholders fol
the election of directors, or unit
their successors are elected ant
: qualified.
ARTICLE VII.
u On the first Wednesday in Janu
airy, 1919, and annually thereafter
on the first Wednesday in Januar!
in each year, meeting of the stock
holders Of this corporation shall b'
held at it's domicile for the purpos'
Of electing directors for the ensuin,
) year. A failure from any caus'
whatsoever to hold the annual meet
, ing of stockholders, or the failure t.
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 VIII.
This charter may be amended, an
! the capital stock Of this corporation
, may be increased or decreased. Q
,, this corporation may be dissolved i
|. the method and manner provided b.
law. ~
.-t ,a ARTICLE *. e.,
; No stockholder, of this corporation
shall ever be held liable or respon
) sible for the contracts or faults Q
this corporation in any further SUI