The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-08

form, any and all acts Of whatsoever
kind. Incidental or usual to a corpor-
alton.
In all matters not specifically pro
vided for herein, this corporation
shall be deemed to have. possess. ana
exercise any and all other ard fur
Their powers as may be Eiyen if b.
said Act 267 of 1914. or a+-er law
of this State.
ARTICLE "
The entire and full corporate pow
er of this Company shall be vested in
the Board of Directors, consisting of
not less than three, nor more than
twelve stockholders, the number to
be determined at the annual stock,
holders meeting; said Board Of d.
rectors shall elect President. \
Vice President and q Secretary
Treasurer from among their number
together with such managers and sub
ordinate officials as in Their judy
ment may be necessary, al OF said
officials and agents to have such
powers as aid Board may delegate
TO them u general by laws. o. specie
resolutions, AMI to hoil .:.e,. offices
at the pleasure Of the Board of D.ree-
tors.
Directors may fer single meeting
grant their proxy to any stakeholder
or oth~r director, Vacancies in the
board shai: De filled by the remaining
members.
Unit. the first stockholders ne :
ing in 1919, the Board Of Directors
Of the Company shall consist Of:
Albert F. Storm
Eugene i. Pharr
LEWIS J. Bass
Maurice T. Norman
Ashley ". Pettigrew,
which Board shall meet inmeGiatelv
si,es tbs adoption of this act Of in
corporation. at the domicile of the
Company and elect the officers for
the remainder of the business year.
and fill any vacancies among tn
number.
ARTICLE Y.
The annual stockholders meeting
shall he held on the first Monday af-
ter the first Tuesday Of January of
each year, after due and legal notice,
at the donicile Of said Comnany,
which meeting shall elect the prec-
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 fer each share OF the cap
ital stock held by him in person, or
by proyr. provided. however, that
each and every stockholdea shall al
50 have the right at their option of
cumulative voting in the election of
said Directors.
ARTICLE W.
The domicile Of this company is
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 capital stock Of this company
shall be Ten Thousand (S1O,OOO
Dollars, divided into One Hundred
1O0) shares, of the par value Of
One Hundred (S1OO) Dollars each,
fully paid and worcestershire, all of
said shares to be of equal rank pro-
vided, however, that said capital
stock may be increased as provided
by law. not exceeding One Hundred
Thousand (s10O,00O) Dollars. such
incMase of stock to be represented
by shares Of the par value OF One
Hundred (SlOO) 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 fo.
services or property.
ARTICLE VIII.
Upon the expiration of this Char
ter, either by limitation or action of
the stockholders, its affairs shall be
iiquidated and wound up in accord
snce with law
ARTICLE IN.
This corporation shall become a go
ng concern as soon rs Five Thousand
{ $5,OCo) Dollars of the capital stock
1as been actually subscribed for, and
his act of incorporation may also
serve as a subscription list, the par
lies hereto have affixed opposite
their name the number of shares of
capital stock for which each sub
;cribes.
Thus done and signed at Morgan
City, Louisiana, on the 3Oth day of
May, 1918, in the presence of J. R.
Braddock and J. E. Bass, competent
and me, Notary, after due
reading of the whole.
(Signed)
A. w. PETTIGREW, 9 shares.
E. A. PHARR, shares
NJ E. NORMAN, 9 shares,
BY l.. J. Bass.