St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1889-03-16

parish Of st. Tanmany. in the State al
Louisiana. AMI tsencs beyond tn Gov
inxton and such points in the States ol
Louisiana and Mississippi, ~ Also to
such points or places ON Lake Pontchar.
train as the Board Of Directors Of sail
corporation may determine; and to cnn-
strnct. establish. purchase. lease ant
nss suitable wharves, piers. warehouses;.
yards, steamboats,. barbors. l"coma-
tivea. engines, cars. depots. stations,
hotels. eating hOnses. and other works.
appsnstus and sppustenances connected
with or incidental tn the operation of
said railroad AMI its connections; and
I" run. manage anil mploy ths same a.
the Board 0f Directors Of said com panv
may consider to be most exne iient to
the general welfare Of aaid corporation:
to transport. take. carry and convey
passenger. freight. merchandise. prop
srty and mails mon ita said railway.
boats and vehicles by the aid Of stsmin
or any other pOwc., and TO store msR-
chandias. freight and property within
its yards. deposs or warehouses. and 70
charge and receive for snch transportA
ton. aafs keeping and storage. suoh
tolls, fees and charges ~ may from time
to time he established by the Boarl Of
Directors Of saiA corporation.
ARTICLE FOURTH.
The capital stock Of said corporation
10 hereby fixei at the sum Of two han-
bred and fifty thousand dollars. to BE-
divided into. or represented by two
thousand Ave hundred shares. Of the
sum Of one hnndred dollars each. Said
stock shall be paid for N caxh. at the
time Of subscription. or the same may
ment Of property actually received or
purchased by said corporation.
ARTICLE FIFTH
All the corporate powers Of said cor
pOration shall ne vested in AMI exer
cised bv Q Board ~ Directors composed
If i've stockboldex IN be elected an
nually on the second Thursday Of July
in each year. All snch elections shall
be by ballot and conducted at the OH e
Of aaid corporation. under the snperin-
endonca Of three commissioners to be
appointed by the Board OF Directors.
and If which election ten days prior
notice shall be given in ono of the daily
newspapers pnllished in the city II
New Orleane. A majority Of the votes
cnst shall elect, and each share Of stock
shall be entitled n one vote, TO be cast
by the owner either in person or by
proxy. The directors Tins elected shall
serve and continue in Office until their
snveessors shall have bern el~c.ad. A
failure to elect di1ectorp on the date
above specified shall not dissolve the cor
poration. bnt the exissing Board Of Di-
rectors shall canse another election o.
be held within Il irtv days thereafter,
whereof ten days prior notice shall be.
pivel. in one Of the daily newapapsrs
published in New Orleans. Vacancies
occurring in aaid Boarl Of Director.
from any canse whatsoever shall be ILL
ed by the remaining directors. Three
directors shall constitute = quorum for
the traDsaction Of any business. anil tho
Board Of Directors at their 6rst meeting
following exsh annual election shall
elect ono OF their nnmbe to be president
Of ssid corporation. another to be vice.
president thereof. and another 10 bs
secretary. who shall also at ~ treasurer
Of naid corporation. Sail Beard Of Di-
rectors may appoint from time IN time.
and also dismiss at their pleasure. such
officers. age Lts. clerks or other employees
they msy deem necessary for the busi-
nea- AMI purposes of aaid corporation.
and make aod establish, aa we'll ~ alter
and amend. all bylaws. rules and reRn-
lations requisite for the support and
management Of the business and affairs
Of said corporation. Sal Board Of Di.
rsctors shall have full power AMI anthor-
iiy TO borrow money. execute mortgages.
issue notes Or bonds. and Renerauy u
do all things pertinent tn the objects
and purposes Of said corporation. or
which are. or may he permitted by the
laws and applicable tn cornora,ions; and
also ;o Issue and deliver fnli paid shares
II stock. or bombs or obligations If nail
company ut not lsas than par value in
payment for labor donc. or money bog
rOwed. or property or rights actually re-
ceisei by said corporation.
ARTICLE SIXTH.
Whenever this corporation may he
dissolved, either by limitation or from
any other carse. it's Affairs shall be liqni.
dated by three commissioners to be APP
pointed fronPamOngst the stock holders
ut a general meeting Of sto..kh.,lders
convened for snoh purpose: Of which
meeting thirty days previcns notice
shall be given by advertisements in one
Of the daily newspapers published in
the city Of New Orleans; aad majority
n anonnt OF the capitsl stuck Of said
company shall he requisite to elect.
Nail comm issloners shall remain in o..
flee until the a6air3 ri said corporation
shall have been fully ssttled ami liqni-
dated; and in case Of the death nj one OF
more OF said com missiO ners. the survi-
vor or survivors shall continue TO act
ARTICLE SEVENTH.
This act ri Incorporation may be
changed. modified or altered, or said
company may be dissolved with the ~
sent Of three fOn rths Of the stock repre-
sente.i at any general IN Getting Of the
stockholders convened for such puf.
pose. after thirty days previous notice
shall have been advertised in ono Of the
daily newspapers Published in the city
Of New Orleans. Snch changes m may
he made in reference tn it's capital stock
shall require in addition 10 said publi-
cation forty days previous notice in
writing or in print. addressed to each
stakeholder ut his usual place Of resi-
dencc.
ARTICLE EIGHTH.
No stakeholder shall ever be held lia-
BILE or responsible for the coutracss or
fault. Of said corporation in any further
sum than the unpaid balance due ON
the shares Of stock owned by him, nor
shall any mere informalitY in organiza-
tion have tho effect If rendering this
null. nor of expOslng . stock.
holder to any liability beyond the
xmount due on his stock.
ARTICLE NINTH.
This corporation shall commence its
operations or business a. soon ~ two
shares Of its stock shalt have
been subscribed for; and tho following
nAmcL persons shall ooostituts the 6rst
Eoasd Of Directors Of said com pany. and