The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-01-12

such restrictions as may be nance
in this charter. And it generally
shall possess all the powers, rights
privileges and immunities which cor
porations are and may hereafter b,
authorized to possess under the Con
slitution and laws of this State, ant
particularly under Act No. 267 Of
the Acts Of the General Assembly O,
the State of Louisiana for the veal
1914.
| ARTICLE II.
The dOmicile of this corporation
shall be at the City of Morgan City
Parish Of St. Mary, State Of Louis.
lana.
ARTILLE III.
The objects and purposes fol
which this corporation is formed and
the natLle of the business to be car
ried on by it, are hereby declared to
be:
To buy and sell stocks, bonds,
mortgages, debentures, trust re-
ceipts, commercial paper, consols,
and government securities, either for
itself or agent of any person, firm
or corporation, but not to engage in
the banking or stock jobbing bust
ness; to act as the fiscal agent of
any person, firm or corporation; to
buy, sell, let, lease, hire, own or de-
mise or generally deal and trade in
real estate, with the power to i'm
prove or increase the value thereof;
to borrow money and grant mort
cages, bond mortgages or notes
therefor; to lend money and to re-
ceive therefor mortgage, bonds or
any other evidence of indebtedness;
to carry on any other business which,
under the law, it may be entitled to
carry on which may seem to the cor
poration to be calculated, directly or
indirectly, to effectuate the afore-
said objects or either of them, or to
facilitate it in the transaction of it's
aforesaid business or businesses, or
any part thereof, or in the transac-
ton of any other lawful business
that may be calculated, directly or
Indirectly, to enhance the value of
or to render profitable any of the /
properties and rights, !
and generally to hold and exercise
all such incidental powers and pri-
vilegeS as relate to the objects and |
purposes hereinabove set forth Or as
may be necessary, useful or conven-
lent for effecting said objects and
purposes.
ARTICLE ".
The authorized capital stock Of
mis- corporation is hereby declared
% be the sum of TWO HUNDRED
AND FIFTY THOUSAND DOL
LARS ($250,0OO.00). The present
Y authorized capita, stock of this
shall be represented by
Two Thousand, Five Hundred
$4,000 shares Of the par value Of
)ne Hundred Dollars (s1oO.oO>
ach. The said capital stock shall
'e represented by certificates and
hall be personal property. 1t shall
re fully paid and worcestershire
7hen issued. No transfer Of said
apital stock shall be binding upon
his corporation unless made in ac-
ordance with its charter and by
avs and recorded on the books
hereof. |;
ARTICLE v.
The business of this corporation :
hall be managed by and all Of the ,
powers thereof shall be
ested in and exercised by a board
f not more than fifteen (15) and
OF less than five (5) directors, to
e elected from among its stock
olders. and majority of the direc- ,
ors, either present in person or ..
oyrncot1knI hVp cLoI | Il
1te quorum. The said board of Il
irectors shall have the right to c
ominate and appoint such agents, J.
hangers or sub-agents as in their
Augment they deem necessary in :
lie management Of the corporation
the conduct and carrying on of
s business.
ARTICLE vi.
The first board of directors of this
'rporation shall be composed of: +
E. A. Pharr, whose post-office ad- v
ress is Morgan City, Louisiana.
M. E. Norman, whose post-office
ldress is Morgan City. Louisiana. n
B. O'Brien, whose post-office ad- F
less is Rhoda, Louisiana. Il c
w. B. Reed, whose post-office ad- u
'ess is Morgan City, louisiana;
I'd, G.
". S. Foster. whose post-office 81
ldress is Morgan City Louisiana; n
it'll E. A. Pharr as President, B. =
'Brien as Vice-President, and NJ. f. =.
orman as Secretary Treasured. Said Il
'ard of directors shall serve until
e first meeting of stockholders for h
e election of directors, or until G,
cir successors are elected and 4,
lalified. ~
ARTICLE VII. n
On the first Wednesday in Janu- d
y, 1919, and annually thereafter W
the first Wednesday in January Il
each year. q meeting of the stock a,
lders of this corporation shall be :. =.
Id at its domicile for the purpose !. !,
electing directors for the ensuing =.
ar. A failure from any cause OF
latsoever to hold the annual meet al
; OF stockholders, or the failure to OF
ct directors thereat, shall not dis
I've this corporation, but the direc-
3 and officers then in office shall Jo
main in office until their success Al
. shall have been respectively du- =.
chosen. elected. nualif;ad orI I. ~