The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-07

snail Oe uetEieN W nave. poHScS>, t'i.'t
exercise any and all other and fur
Their powers as may be gwen II by
said Act 261 of 1914, or other laws
Of this State.
ARTICLE "
The entire and full corporate pow
err 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 President, \
Vice-President and a Secretary
..easucer from among their number.
together with such managers and sub
ordinate officials as in tne,c judy
ment may be necessary, az Of said
officials and agents TO have such
powers as SID Board may delegate
to them by general by flaws. o. special
resolutions, ana to hot! ...e!c offices
at the pleasure Of the Board Of Drec
to~~.;.
Directors may for single neeting
Grant their proxy to any stakeholder
or other director Vacancies in the
board shall Re filled by the remaining
members.
Until tle first stockholders met
ing n 1919, the Board of Directors
Of the Company shall consist Of;
,lhert +. Storm
Eugene pharr
Lewis }. Bass
Maurice Z. Norman
A5abey II. Pettierew,
which Board shall meet Immediately
aft4s the adoption of this act Of IL
corporation, at the domicile Of the
Company and elect the officers for
tic remainder of the business year.
and fill any vacancies among tn
number.
ARTICLE. i
The annual stockholders nieet.nL
shall be held on the first Monday II
ter the first Tuesday of January of
each year, after due and legal notice,
at The donlicile Of said Company,
which meeting shall elect the D:rec-
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 STOCKHOLDERS shall al
so 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.OO0)
Dollars, divided into One Hundred
(1OO) shares, of the par value of
One Hundred $4,000 Dollars each,
fully paid and worcestershire, al, of
said shares to be of equal rank pro-
vided, however, that said capita!
stock may be increased as provided
by law, not exceeding One Hundred
Thousand (S10O,O0G) Dollars, such
increase of stock to be represented
by shares Of the par value Of One
Hundred (S100) 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 a 60
ing concern as soon as Five Thousand
iS5,00o) Dollars Of the capital stock
has been actually subscribed for, and
this act of incorpora ton may also
serve as a subscription list, the par
ties hereto have affixed opposite
their name the number of shares of
capital stock for which each SUBJ
scribes.
Thus done and signed at Morgan
City, Louisiana, on the 30th day of
May, 1918, in the presence of J. r.
Braddock and j. E. Bass, competent
witnesses, and me, Notary, after due
redulnE OF tne whole.
(Signed)
A. W. PETTIGREW. 9 shares.
E. A. PHARR, 9 shares.
M. E. NORMAN, 9 shares,
BY L. j. Bass.
LEWIS J. BASS, 10 shares.
A. F. STORM, 9 shares.
Witnesses:
J. R.. BRADDOCK,
J. E. BASS t...r
ROBT. E. BRUMBY,
Notary Public.
CLERKS OFFICE,
St. Parish, Louisiana.
l, Wilbur H. Kramer, Clerk of the
23rd Judicial District Court, in and
for the Parish of St. Mary, State of
Louisiana, and ex-Officio Recorder