The Morgan City daily review. (Morgan City, La.) 1916-1920, 1919-02-25

may hereafter become associated
with them, as a corporation and body
polite under the following terms and
conditions constituting their charter.
ARTICLE l.
The name of this corporation shall
be GOTTEN BROS. SH1NGLE co.
INC, under which name it shall have
corporate existence ana succession
for the period of ninety-nine (99)
wears from the date hereof, unless
sooner lawfully dissolved.
ARTICLE II.
The purpose for which this corpo-
ration is formed is:
To manufacture, acquire, buy, sell,
or otherwise dispose OF shingles and
other wood products; to buy, build,
lease, hold. or otherwise acquire shin
gle mills, sawmills, or other wood
manufactures of any kind, to operate
the same, to own and operate all ac-
cessories thereof to the fullest extent
and to sell and dispose OF the shin
giles, lumber or other products; to
buy, hold, lease, or otherwise acquire,
hold, operate, improve, develop, sell,
or otherwise dispose of lands, tene-
ments, timber, or other property, real
personal or both; to loan money in
cidental to or accessory 10 the con-
duct of its business, and to accept
pledges, mortgages or other security
therefor; to borrow money, issue
notes, bonds or other evidences OF IN
debtedness, and to secure same by
mortgage, pledge or otherwise; and
generally to have such powers and to
do and perform all such other acts,
whether directly enumerated or not,
and as may be permitted by law, to
be embraced within the purview of
one corporation holding the powers
set out above, as we'll as to do, have
and perform all acts necessary or in
cidental to the enumerated powers.
ARTICLE III.
This company shall have power in
it's corporate name to contract, sue
and be sued; to make and use cor
porate seal and the same to break or
alter at pleasure; to acquire property
Of all kinds by any means whatso-
ever; or, to hire or lease the same, to
hold, use or otherwise dispose Of
|
mortgage, pledge or hypothecate the
same, subject only to such limitations
as may be prescribed by law; and, in
general to do and have power to per-
form all anil any acts of whatsoever
kind, incidental or usual to corpora
ton.
In all matters not specifically pro-
vided for herein, this corporation
shall be deemed to have, possess, and
exercise any and all other further
powers as may be given 1t by SID
Act 267 of 1914. or other laws OF this
State.
ARTICLE ".
The entire and full corporation pow
er of this company shall be vested in
the Board of Directors, consisting OF
three members; elected at the annual
stockholders meeting; said Board OF
Directors shall elect President, a
Vice-President, and Secretary
Treasurer from among their number,
together with such managers and su.
coordinate officials as in their Judg-
ment may be necessary, all of said of.
ficers and subordinates TO have such
powers as said Board may delegate
to them by general bylaws, or spec.
ial resolutions, and to hold their of.
fices at the pleasure of the Board OF
Directors.
Directors may for single meeting
grant their proxy to any stockholder
or other director Vacancies in the
| Board shall be filled by the remain
ing members.
Until the first stockholders meet
! ing in 1920, the Board of Directors OF
! the Company shall consist Of:
| Herbert M. Gotten.
Albert M. Gotten.
| William M Gotten Jr.,
which Board shall meet Immediately
after the adoption of this act of in
| corporation, at the domicile of the
company and elect the officers fol-
the remainder of the business year.
ARTICLE V.
The annual stockholders meeting
shall be held on the first Monday
after the first Tuesday OF January OF
each year, after due ana legal notice
at the domicile Of said company
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 chare Of tho cap
ital stock held by him IN person, o,
by proxy, provided, however, thai
I each and every stakeholder shall al
50 have the right at their option o.
cumulative voting in the election o.
said Directors.
| ARTICLE VI.
The domicile Of this company i!
hereby fixed at Morgan City, Parish
of ST. Marv. State OF Louisiana