The Morgan City daily review. (Morgan City, La.) 1916-1920, 1918-07-02

perform all acts necess,u
tai to the enumerated nov VI lnciden,
ARTICLE III "e's
is Inns na,n Company shall have po,v.. :.
l asa corporate name to contr rower in
and be sued; to make and Sue
porate seal and the same use e cor
or alter at pleasure; to a,ou;, Ofeak
erty OF all kinds by any n,aa prop
| soeyer; or to hire or lease qbs What
TO hold, use, or otherwise d 9le same,
same, as it may elect. as u ~ispose of
mortgage, pledge or hvno+hosI as to
same, subject only to sucb Es sle the
as may be prescribed bv LOW mutations
general, to do, have power to a ara, In
il; any ard all acts of whatsoapsets-
alton. W eorpor.
IN all matters not specifically ~.
vlded for herein, this coy coy pro
shall be deemed to have. nossao. ation
exercise any and all other ana ana
| ther powers as may be 5ivan - iqr-
sad Act 267 of 1914, or Other ! ,., py
of this State VI laws
ARTICLE "
| The entire and full corporare no
er of this Company shall be vested py% ~
tae Board of Directors, consist;nr =.
not less than three. nor more g. VI
twelve stockholders, tn, nnmber "e 81
be determined at the annual s,oo W
holders meeting; said Board If N
rectors shall elect a Presiden+
Nlce-Presldent and Secrat,r,
! Treasurer from among their nnn,Ios
together with such managers and snh
ordinate officials as in tier ind,
ment may be necessary. a.! Of saiJ
officials and agents to have snab
powers as 1aid Board may de,erata
to them ny general by laws. Or snerisI
resolutions, ana to holl thei. off;css
at the pleasure OF the Board of D;rac
tors.
] Directors may for a single meetine
grant their proxy to any stocEhoidar
or other director. Vacancies in tba
board shall be filled by the rema;n;ne
members. ''''''As
Until the first stockholders meet
ing in 1919, the Board of Directors
OF the Company shall consist of:
Albert F. Storm
Eugene A. Pharr
Lewis J. Bass -
Maurice E. Norman
Ashley W. Pettigrew,
which Board shall meet immediate,r
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 wear
and fill any vacancies among the
number.
ARTICLE V.
The annual stockholders meeting
shall be held on the first Monday at.
ter the first Tuesday of January Of
each year, after due and legal notice.
at the domicile of said Companv
which meeting shall elect the Direc.
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 can
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 option Of
cumulative voting in the election Of
said Directors.
ARTICLE vi.
The domicile of this COMPANY il
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 capn i stock of this company
shall be Ten Thousand ($1O,OOO)
Dollars, divio d into One Hundred
llOO) shares, # the par value of
One Hundred s1OO) Dollars each,
fully paid and n n-assessable, all of
said shares to be equal rank pro-
vlded, however, t. at said capital
stock may be incre sed as provided
by law, not exceedin One Hundred
Thousand (S100,000) Dollars, such
increase of stock to be Represented
by shares of the par value of One
Hundred ($100) 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 I'D in accord
ance with law.
ARTICLE TX.
This corporation shall become 60
ing concern as soon as Five Thousand
($5, O00) Dollars of the capital stock
has been actually subscribed for, and
this act Of incorporation may also 4
serve as a subscription list, the par
ties hereto have affixed opposite
their name the number of shares Of
capital stock for which each sub
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
reading Of the whole.
(SignedD
A. W. PETTIGREW, 8 shares.
e. A. PHARR, 9 shares.
M. E. NORMAN, 9 shares,
BY L. J. Bass.
LEWIS ]. BASS, 10 shares.
A. T. STORM. Q shares.