The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-06-11

form, any and all acts Of whatsoever
KIND. Incidental or usual 10 cyrnJr-
alton.
In all matters not specifically rro-
vided for herein, Us CORPORATION
shall be deemed 10 have. possess. ana
exercise any and all other and rur-
Their powers as may be given / py
SAID Act 267 of 1911. or ---5r avs
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. \
Wee Pres;d ant and a Secret}r,-
Treasurer from among their nVm .er
together with such managers and sub
ordinate officials as in the.r judg-
ment may be necessary. az 81 sad
officials and agents 10 have such
powers as .,a.d Board NAV de.egata
to them uy glleral bylaws, y sps risl
resolutions. anu It hort ..,e,. offices
at the pleasure of the Board Of D!rec.
tors.
Directors may for a single meeting
grant their proxy to any stocl.holer
or other director Vacancies in the
board shall be filled by the reuainir-
members.
Until the first stockholders MT, :
ing n 1919, the Board Of Directors
of the Company shall consist Of:
Albert F. Storm
Eugene \ pharr
Lewis j. Bass
Maurice +. Norman
Ashley ". 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 tha
number
ARTICLE Y.
The annual stockholders meeting
shall be held on the first Monday al
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 D rec
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 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 ooton of
cumulative voting in the election Of
said Directors.
ARTICLE VI.
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 ($1O.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,000) Dollars, such
increase of stock to be represented
by shares Of the par value Of One
Hundred (Sl00) 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 fce
services or property.
ARTICLE VIII.
Upon the expiration of this Char
ter, either by limitation or action of
the stockholders, its affairs shall be
iquidated and wound up in accord
ance with law
ARTICLE TX.
This corporation shall become a go
ng concern as soon as Five Thousand
S5,0OO) Dollars of the capital stock
has been actually subscribed for, and
his act of incorporation may also
serve as a subscription list, the par
lies hereto have affixed opposite /
heir name the number of shares of
capital stock for which each SUBJ
;cribes.
Thus done and signed at Morgan
City, Louisiana, on the 3Oth day of /
May, 1918, in the presence of J. p.
Braddock and J. E. Bass, competent
and me, Notary, after due
'eading of the whole.
(Signed)
A. W. PETTIGREW, 9 shares. !
E. A. PHARR, 9 shares.