St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1889-04-06

W0y OO0UUu08 ~ ~ UuuyyS 0AVG ss0ssO w. II
the general welfare Of aaid corporation:
to Transport take. carry and convey
passengers. freight. merchandise. prop
boats and vehicles by the aid Of steam l
chandiss, freight and property within |
it, yards. depots .. Warehouses. and 70 |
charge and receive Tor such Transports |
ton. safe keeping and storage. such |
tolls, fees and charges a may from time |
% time b. established by the Boaxi Of |
DirsctoEs Of said corporation.
A1TIcL8 YOuRT1.
The capital stook Of said corporation
In hereby fixed ut the sum Of two hum |
dred and nfty thousand doilars. to BE-
divided into. or represented by two
Thousand ave hundred shares. Of the
sum Of one hundred dollars saeb. Said
stock shall be paid for n cash. 1t the
time Of subscription. or the same may
b issued At not less than par, In pay
meat Of property actually received or
purchased by sai.l corporation.
ARTICLE FIFTH.
All the corporate powers OF aaid cor
poratiOu shall be vested in and exsr-
cised b. . Board OF Directors composed
Of ave ttockholden n be elected an
nuaIiy On the second Thursday % July
in each wear. All such elections shalt
be BY ballot and conducted at the Office
Of aaid corporation, uader the superin.
endence Of three commissioners 20 DO
appointed BY the Board Of Directors.
and Of Which election ten days prior
notice shall be given In one Of the daily
| newspapers published In the city 0f
New Orleaue. A majority Of the votea
cast shall elect, anil each share Of stock
shall b entitled to one vote. to he caAs
by the owner either in person or BY
proxy. The directors thus elected shall
serve and continue in ONCE until their
succesaoEs shall have besn elected. A
failure to elect directora on the date
above specified shall not dissolve the cor
poration. hat the existing Board Of Di-
rectom shall Came another election 70
he held within thirty days thereafter.
whereof ten days prior notice shall be
yivel. in one Of the daily newspapers
publixhel in New Orleans. Vacancies
occurring in aaid Board Of Directors
from any cause whatxoever shalt be I'LL
ed by the remaining directors. Three
directors shall constitute \ quorum for
the transaction Of any business, and the
Board of Directors at their 6rst meeting
following each annual election shall
elect one Of their mum Der to he president
Of said corporation. another 70 be vice.
president thereof, and another 10 be
secretary. who shall also act ~ treasurer
/ Of said corporation. Said BOARD of Di-
rectors may appoint from time n time.
and also dismiss at their pleasure. snch
officers. Agents. clerks or other employees
they msy deem necessary for the busi-
ness and purposes Of said corporation.
. and make and establish. n we'll ~ alter
! and amend. all y-lawa. rules and regu.
lati0ns requisite for the rapport and
management OF the business aud affair
of said corporation. Sal Board Of Di.
rscsors shall have fall power and author
ity 70 borrow money. execute mortgages
issue notes Or bonds, and generally q
10 oil things pertinent to the objects
and purposes Of aaid corporation. OF
, which are. or may be permitted by th,
laws and applicable to corporations; and
also to issue and deliver full paij share'
of stock. or bon,l. or obligations II said
company ut not less than par value il
payment for labor done. or money Dor
: r"wed. or property or rights actually 70
ceivsti by said corporation.
ARTICLE SIXTH.
Whenever this corporation may b,
dissolved. either by Limitation or frou
any other carse, it's affairs shall bs liqn
dated by three commissioners to be up
pointed from amongst the stOc khClderi
aa = gecersl meeting Of sto:kh"lden
convened for such purpose; Of which
: meeting thirty days previous motto,
shall be given by advertisements in ONT
of the daily newspapers Published il
: The city Of New Orleans; Aad majority
IN amount of the capitol atssck Of aait
company shall bs requisite to elect
ssaisl comm issxloncTH shall remain im o:
ACE until the adairl Of sail corporation
shall have l,een fally settled and liqui
dated; and in case Of the death Of one q
more Of said com miasionern, the suEvi
y vor or survivors shall continue % acs.
ART1C1.B ssvENTn.
This act Of Incorporation may b
: changed, modified or altered, or sais
. company may be dissolved with the -
: sent of three fou rtha IT the atOck repre-
sented ct any general N Getting Of tn
/. tockholdeFs convened for such pus
! pose, after thirty days previous motto
. shall have been advertised in one Of th
daily newspapers published In the cit,
nj New Orleans. such changes ~ ma
be made in reference to its capital stool
: shall require in addition Ia said publ
cation forty days previous notice IL
writing or in print, addressed 81 eocl
: stakeholder at his usaal place Of resi-
denoe.
No atockhol.l~r shall ever be held lia
1 Lle or responsible for the contracts q
!. faults ct said corporation in any furths
|, sum than the unpaid balance due Of
. the shares Of stock owned by him, no
shall any mere iuformAlity in oryAnizA
ton have tho effect Of rendering tni
charter null. nor Of expos,ng . stock
holder to any liability beyond Cd
= amount due on his stock.
ARTICLE NINTH.
: This corporation shall commence il
operati0ns or business N s0on ~ tw,
!. thousand shares Of its stock shall hav
! been subscribed for; and the following
named psssons shall couatitute the Ora
? Board Of Directors Of said company. an.
: serve - such until the second Thurs
day In July. A. d. 1858. or until thsi
: successors snail have been elected, viz
: Philip A. Orr. Ernest Msrtilli. 6smus
!, II. Poitevent. Theophilns n. Favrs an,
! Daniel A. Boar,lman. with said Hamu
: Il. Poitevent A. President. Ernest Mar
telii ~ Vice President, and Philip A
!, Orr ~ SECRETARY the said corporation,
Thus done and passed in my Office il
this city Of New Orleans. in The pres
!, sncs Of John ]. Ward and Eugene Dow
!. 81, o0inpetent Witnesses both Of thi
: city, who hsreunto sign their names
y wtsh said appsarsrn aud me, no.Ary. q
the day and date aforesaid.
Original signed.
n ih. 4. Orr, +. N. Eavre,
. E Martelli, d. A. boarlmau.