The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-03
to erect all dwellings or other build

to erect all dwellings or other build
| ings on it's property, or elsewhere, as
it ma ysee fit or find necessary; to buy
and sell all property, real personal or
mixed, necessary or Incidental to the
carrying out of the above described
purpose, or to loan money on proper
ty, or to borrow money on its lands.
| or real estate, tenements, or other
property, to mortgage and hypothe-
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 di-
rectly enumerated above or not, and
as may be permitted by law, to be
embraced within the purview of one
corporation holding the powers set
out above, as wei as to do, have and
perform all acts necessary or inciden-
tai to the enumerated powers.
| ARTICLE III.
! This Company shall have power in
! its corporate name to contract, sue
and be sued; to make and use cor
porate seal and the same to break
or alter at pleasure; to acquire prop
erty Of all kinds by any means what
tsoever; or to hire or lease the same,
to hold, use, or otherwise dispose of
same, as it may elect, as well as to
mortgage. pledge or hypothecate the
same, subject only to such limitations
as may be prescribed by law; and, in
general, to do, have pc'"er to or per-
form, any and all acts of whatsoever
kind, incidental or usual to corpor-
alton.
In all matters not specifically pro-
vided for herein, this corporation
shall be deemed to have. possess, and
exercise any and all other and fur
Their powers as may be given it by
said Act 267 Of 1914, or other laws
of this State.
ARTICLE "
The entire and full corporate pow
er Of this Company shall be vested iii
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 a President. A
Eice-Pres.dent and q Secretary
together with such managers ana sub
ordinate officials as in Their judy
ment may be necessary, az o1 said
officials and agents 20 have such
powers as gaia Board may delegate
TO them !, :. mty 2rai by laws, OF special
resolutions, ara t. hol.j is.els offices
at the pleasure Of the Board Of D,rec-
tors.
Directors may for single meeting
grant. their proxy to any stakeholder
or other director. Vacancies in the
board shall be filled by the remaining
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 <. Norman
Ashley w. Pettigrew,
which Board shall meet Immediately
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 year,
and fill any vacancies among the
number.
ARTICLE Y.
The annual stockholders meeting
shall be held on the first Monday af-
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 we'll as
transact any other business of said
corporation coming before it.
Each stakeholder shall be entitled
to one vote for each share Of the cap
ital stock held by him in person, or
by proxy. provided. however. that
each and every stakeholder shall al
so have the right at their option of
cumulative voting in the election of
said Directors.
ARTICLE VI.
The donlicle 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.
4 The capital stock of this company
shall be Ten Thousand (S10.0O0)
Dollars. divided into One Hundred
4 (100) shares. Of the par value Of
One Hundred (s100) Dollars each.
fully paid and n-assessabl", 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 ($1O0,00O) Dollars. such
increase Of stock to be represented