The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-06
CHARTER OF TIE PALOURDE
DEVELOPMENT CO, INC.

| Before me, ROD. J.. SrlinbE, No
tary Pubic, duly commissioned and
qualified n and for the Parish Of
J st. Mary, STAKE II Louisiana, per
! sonally came and appeared Nes:Is. ::
! Albert +. Storm of Morgan City,
Eugene \. Pharr Of Morgan City,
! La.
! Lewis ]. Bass OF Morgan City, La
Maurice T. Norman OF Morgan
City. La.
Ashley ". Pettigrew OF Morgan
! g.,io severaliy declared unto me, No
| 4.ary, TIA, availiug themselves OF the
! Avs If thA State of Louisiana. and
,;ar ,icu.arly Ct the provisions of Act
( .6. If .he General Assembly for the
ar 1914, they had and do By these
PRESENTS, covenant, agree. bind ana
organize themselves, and those VINO
may hereafter become associated
with them, as a corporation and body
polite under the following terms and
conditions constituting their charter
ARTICLE J.
| The name Of this corporation s.2Att
be THE PALOURDE DEVELOP
MENT COMPANY, INCORPORAT-
ED, under which name it shall have
corporate existence and succession
for the period Of ninety-nine (99)
years from the date hereof, unless
sooner lawfully dissolved.
ARTICLE II.
The purpose for which this corpor-
alton is formed is:
To purchase, buy, hold. lease or
otherwise acquire, and to sell
or otherwise dispose of, lands
tenements or other property, NOV
able or immovable, or both; to
to hold, reclaim, improve and develop
swamp and marsh land, or both; as
we'll as all other lands or rroA'erty. Ell
Their by or for itself. or others. and
to engage in agricultural pursuits
generally, and to operate any manu-
factory for the purpose of disrossng
of its agricultural products; to en-
gage in the buying, raising, improv-
ing, breeding and selling either live,
slaughtered, or packed, of live stock
OF all kinds; to own and operate
warehouses, granhries, sugar ref!n-
cries, or such other manufactures as
it may see fit; to engage In the oil
and mineral business to the fullest
extent: sell and dispose Of oil or min
eral leases: to drill, explore or de-
velop for oil, or other minerals and
10 produce the same; to produce. buy
OR sell any minerals either in the raw
or manufactured state and to operate
ell manufacturers necessary or incl
dent thereto; to obtain franchises for
The sale of oil, gas or other minerals,
lay, install or obtain pipe lines, mains
or other facilities; and generally to
do or perform any acts incident to
the oil or mineral business; to buy
and sell timber and all kinds Of prod
ucts. and to operate sawmills or 9TH
err wood manufactures, and buy, sell
or otherwise handle the products of
the same; to own and operate COM
missaries and to carry on general
mercantile business, either wholesale
or retail, or both; to conduct a gen.
eral teal estate business, and to isy
out towns, or town sites, sell and dis
pose of lots, and to construct all de-
,sirable improvements, drainage, sew
erage or all other kinds in connec-
ton Herewith; to lay out and con-
ferries, bridges, canals and all ap-
purtenances, install pumping plants,
electric lights, gas or water works. on
lands owned or held h. it; or bought
or reclaimed, and to operate any or
all Of such improvements; to bug, |;
acquire, hold, own and operate such |
steamboats,, barges or other water !
crafts, as it may desire for its phi
vate purposes or may find expedient:
to erect all dwellings or other build
ings on its property, or elsewhere, as
it ma ysee fit or find necessary; to buy
and sell all property, real personal or
mixed, necessary 1r incidental to the
out of the above described
purpose, or to loan money On. proper
ty. or to borrow money, on it's lands, i
or real estate, tenements, or other +
property, to mortgage and hypothe- 4
cate the same, and to issue bonds.
notes or other evidences of indebted
ness; and, generally to have such
powers and to do and perform all
such other further acts, whether d.
rectly enumerated above or not, and
IS may be permitted by law, to be
embraced within the purview Of one
holding the. powers set
'ut above, as wei as to do, have and
perform all acts necessary or inciden-
al to the enumerated powers.
ARTICLE III.
This Company shall have power in
IS corporate name to contract. sue
md be sued; to make and. use a cor
'orate seal and the same to break
II alter at pleasure; to acquire prop
'rty of all kinds by any means what
oever; or to hire or lease the same. II
o hold, use, or otherwise dispose Of
anne, as it may elect, as we'll as to
mortgage, pledge or hypotliecate the
anne. subject only to such limitations
5 may be prescribed by law; and, in
'eneral, to do, have power to q per ]
<s-~- s's .ss --..'ss-s