The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-01-15

serves, as wei 2S nj SuCA OIuSA pCA
sons who may hereafter join or be
come associated with. them or theil
successors, into q stock corporation
for the objects and purposes anc
under the covenants, stipulations anC
agreements following, towit:
ARTICLE i.
The name and title of this corpo.
ration shall be:
"AVOCA HOLDINGS COMPANY,
INCORPORATED"
and under and by said name, unless
sooner dissolved in accordance with
law and this charter, it shall exist and
continue, and shall have and enjoy
corporate existence and succession
for a period of ninety-nine years
from and after the date of this act.
It may have, hold, receive, borrow,
loan, exchange, acquire by grant, gift
or purchase, devise or bequest, sell,
ALLEVIATE, dispose of, convey, lease,
pledge, pawn, hypothecate. encumber
or mortgage property Of any kind,
whether real, personal or mixed, cor
poreal or incorporeal, movable or i'm
movable, all subject to such limita
lions. as may be prescribed by law.
It may make, issue and endorse
bonds or notes and other evidences
of debt. 1t may accept mortgages.
pledges or other forms of security
for money loaned or other debts. 1t
may contract, sue and be sued, plead
or be implicated by, its corporate
name in any court of competent ju-
risdiction. 1t may make, adopt and
use a common seal and alter the
same at pleasure. It may hold stock
in other corporations, and cts cap
ital stock may be issued for capital
stock in other corporations. It may
name, appoint and employ such
managers, directors, officers, agents
and other employees as its said bus
mess and convenience may require,
and may fix their compensation, hav-
ing due regard to the nature, char
acter and value of their services. 1t
may make, and establish bylaws,
rules and regulations not inconsist-
ent with this charter or any existing
law, fixing or altering the manage
ment of its property, the regulation
and government of its affairs, and
the manner of the certification and
registration of its stock. It may
wind up and dissolve itself, or be
wound up and dissolved in the man
ner prescribed by law. It may con-
duct business in this State, other
States, the Federal Districts, the
Territories and possessions of the
United States, and any foreign coun-
try. It shall have the power to in
vest its Board of Directors with all
Of its corporate powers, subject to
such restrictions as may be named
in this charter. And !. it generally
shall possess all the powers, rights,
privileges and immunities which cor
porations are and may hereafter be
authorized to possess under the Con-
sstution and laws of this State, and
particularly under Act No. 267 of
the Acts of the General Assembly of
the State of Louisiana for the year
1914. s
ARTICLE II. r
The domicile 'ot this corporation
shall he at the City Of Morgan City,
Parish of St. Mary, State of Louis
lana.
ARTILLE III.
The objects and purposes for
which this corporation is formed and
The natt.le Of the bus mess 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
porstion to be calculated, directly or
Indirectly, TO effectuate the afore-
said objects or either of them; or to
facilitate it in the transaction of its
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
company's 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
.nurnoses. $50, s4.4$-. -, ~, 80. i
49,. ARTICLE w.
The authorized capital stock of
this, corporation is hereby declared
to be the sum of TWO HUNDRED
AND FIFTY n THOUSANDs DOL
LARS ,($z5Q,OOO .O0l. The present
" authorized capital stock Of this
corporation shall be represented by
Two 9 Thousand, Five Hundred
'l3,6OO( shares Of the par value of
One Hundred, Dollars ..($100.OO)
each. The said, capital stock shall