The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-01-28
ARTICLE ".

" authorized cdpltaI Stoch VI IIio
corporation shall be represented by
Two Thousand, Five Hundred
(2,5OO> shares Of the par value of
One Hundred Dollars ($1o0.O0)
each. The said capital stock shall
shall be personal property. 1t shall
be fully paid and worcestershire
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 ard all of the
corporate powers thereof shall be
vested in and exercised by board
of not more than fifteen Q5) and
! not less than five (5) directors, to
be elected from among it's stock
holders, and majority of the direc-
tors, either present in person or
represented by proxy, shall consti-
| 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 necessary 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 adj
dress is Morgan City, Louisiana.
M. E. Norman, whose post-office
address is Morgan CITY. Louisiana:
| B. O'Brien, whose post-office ad-
dress is Rhoda, Louisiana.
w. 3. Reed, whose post-office ac
dress is Morgan City, Louisiana
and,
K. S. Foster, whose postoffice
address is Morgan City Louisiana
with E. A. Pharr as President, B.
| O'Br;en as Vice-President. and N. &.
Norman as Secretary Treasured. Said
board of directors shall serve until
the first meeting of stockholders for
the election OF directors, or until
their successors are elected and
qualified.
ARTICLE VII.
On the first Wednesday in Janu-
acy, 1919, ard annually thereafter
on the first Wednesday in January
in each year, meeting of the stock
!holders Of this corporation shall be
held at its domicile for the purpose
of electing directors for the ensuing
year. A failure from any cause
whatsoever to hold the annual meet.
ing of stockholders, or the failure tc
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 pc amended, ane
the capital stock of this corporation
NAV be increased or decreased, OF
this corporation may be dissolved il
. the method and manner provided by
law.
ARTICLE TX.
No stockholder of this corporation
shall ever be held liable or respon
/ sible for the contracts or faults O.
this corporation in any further sun
that the unpaid balance on the stool
, for which he has subscribed, no
shall any more informally in organ
l ization have the effect Of renderin,
| this charter null or of exposing
| stakeholder to any liability othe
' than as above provided.
E THUS DONE AND PASSED in m
= office at the City of Morgan City
: Louisiana, on the dav, month an
E year herein first above written, in tn
e presence of Herbert Blanchard an
3 James Doiron, competent witnesse:
who hereunto sign their names wit
: said appearers, and me, Notary, afte
y due reading of the whole
i Warren B. Reed, Morgan Cit,
v La, one share.
E. A. Pharr, Morgan City, La
one share.
:, X. S. Foster, Morgan City La
one share.
II B. O'Brien, Rhoda, La. one shar,
= M. E. Norman, Morgan City, La
! one share.
I Witnesses:
r Herbert Blanchard.
James Doiron.
/. ". PADDOCK.
IL Notary Public.
CLERKS OFFICE,
St. Mary Parish, Louisiana.
81 I. Wilbur III. Kramer. Clerk of tl