St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1889-03-09

locate. cooatruct msintAio and operate
. sAilFnad with one or more tracks and
suitable turnouta. al aach gauge and
eonsesuction and upon such course ~
route ~ may bs deemed expedisnt. from
Pearl River 70 Abita Springs. within the
parish Of 81 Tammany. in the State Of
Louisiana. anil thence beyond To Gov.
ington and such points in the States Of
Louisiana and Aiasiasippi. ~ slso IN
saeh ps'isss - places ~ fAke Pontchar.
tsaia = The Board q Dirsctors Of sail
eorpoasioo may dssssmins: and 70 con-
ssrucA establish. pUFshasa. lease aai
uss suitable vhaRvsa pisss. warehouses.
yards. staa0boata. hasbosa. loeosao.
nvee. eagiles. cam. dspoea. sGasioaa.
hoeesa. eating. houses. and other works,
appazases and appastssaoees connected
VIA OF iociAsoeal % he opssosioo 81
md sailsoo1 and ~ eoaDaooSoae: 80
9 sea. aaaa(e aad employ he sDos -
The Beard q Difeeeoss Of aaid eempaav
may coasidse % b moss s1ps iisnt n
the gsosssl welfare q aaid corporation:
to Transport. take. carry and convey
passenger. freight. asschanAisa, prop.
ssty and mails upon its said railway.
bsass asd vehicles By The aid Of steam
o. aAy other power. aad % store msg.
eAasdiss. freight and property wishis
tn yards. depoes or warehouses. and %
charge and receive for such Transports
ton. Aafe keeping and storage. such
tolls. fees and charges ~ may from time
. tine b established BY the Boarl Of
O'eeceoss Of aaid corporation.
ARTICLE vOusrH.
The capital stock at said corporation
10 hereby f1ea 1t the aum Of two han.
dred and City thoaaand dollars. 70 b.
divided into. or repressntsd by two
thousand ave hundred shares. Of the
sum Of one hundred dollars esch. Said
seock shalt be paid for n cash. at the
time Of subscription. or the same may
Be issued 1t not lea than par. in pay
ment Of property actually received or
purchased BY said corporation.
ARrlcLs rurs.
All the corporate powers Of said cor.
poration shall 10 vested In and exsr.
ctssd By Board OF Directors composed
Of i've stockholders % be elected an.
nually on the second Thumaay Of July
in each yesr. All such elections shalt
be by ballot and coslucsed 1t the onlee
Of asid oorposaeion. under the superin.
Evidence Of three co'umiasi0nera 70 be
appointed by the Board Of Directors.
and Of which election ten days prior
notice shall Be given IN one OF The daily
nsvspapess publishsA In the atty ~
New Orleana. 4 majority Of the votes
east shall elect, and eaeh share Of stock
shall b satitlsd n one vote. 10 b. cast
b tAs owner either IN psssoo or by
proxy. Tie diPsetnss sbas elected ahatl
serve and eo0einus in o0oe until their
eaeeeasess shall have bsso elected. 4 /
failure 70 elect directors o. the date
above apeciaed shall not diasolvs the cor. |
posation. but the existing Board Of Di. |
rectors shall cause anothee election e.
be held within thirty days thereafter,
whereof ten days prior notice shalt b. |
eiveL In one Of the daily psvspapem
publishsd In New Orleaas. Vacancies
occurring in eaiA BnaPd Of Direesoss
fFoo any cause Whatsoever shall be AIl-
cd by the reDainirg directors. Three |
directoss shall eonstitnte quorum Eor |
the trnnaaction Of any business, and the |
hoard OF Director At their Arxt meeting
following each annual election shall |
elect one Of their nnmber 20 be president |
Of aaid corporation. another 10 be vice.
president thereof. and another 70 be |
secretary. who shall alao act ~ treasurer |
81 aaid corporation. Haid BOARD Of Di. |
rsceors may appoint from time n time. |
and also dismiss at their pleasure, auch |
ofacesa. agaLta. clerks or other employees |
they may deem necessary for the bnai. |
ness and purposes If aaii ecrpoEation.
and make and establish. A. veil A. alter |
and amend. all bylaws. rules and reen-
Istions requisite for the support and |
management of the business aud affairs |
Of said corporation. Sai BOARD Of Di. |
rsctnrs shall have fnll power and author.
lty TO borrow money. execute mortgages,
iasne notes ~ bonds. and generally TO |
do all things pertinent % the objects
and purposss of said cosposation, or
which are. or may be permitted by the
laws aad applicable to corporations; and
also 70 issne and deliver full paid shares
q stock. or bonds or obligations IT aail
company at not lee than par value in
paynant Tor labor done. Of n.eoey bnr.
F"ved. or psoperty ~ rights aetually 70.
eeivsd BY aaid eofponsioa.
ARTICLE slxru.
Whsneva1 ehia corporation may be
dlaaolve.l. either by linitaeioo o. isoo
NY osheS eares. il s0Ain shall As hQoi.
ooooA b. thges co0Miaaisna0 % b a.. /
pointed from smonRse The stoekholdesa
ae general meeting Of atnekholder~
oouvened for such purpose; Of which
meeting thirty days previous notice
shalt BE- given by advertisements In one
u The daily newxpapess publishe,l in
'he city OF New Osieaus: aad . majority
y amount Of the capitol stssck u sai.l
shall Le requisite to elect.
aid cO0m ixaloness ahall remain in a..
Ice until the adaisl Of sail corporation
.hall have been fully settled and liQai-
lated: and in case NJ the osAth Of on. or
more Of sail commisxio ners, the survi-
rof or Survivors shall continue to act.
ARTICL8 SEvKMrH.
This act Of Incorporation may BE-
hanged. modified or altered. or said
may be dissolved with the ss-
ent OF Threaten rths II the stock repre-
ented st any general n Getting Of the
convened for such pue.
nose. after thirty dsys' previous notice
hall have been advertised in one Of the
laiiy newspapers published in the city
4 New Orleans. such changes ~ may
- made in reference 70 its capital stock d
hall require in addition to said pul,li. I
alton forty days previous notice in |
Triting or in print. addressed to each
t0ckhOlJeI ut his usual place of resi-.