St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1895-03-30

may require; to make and establish
such bylaws, rules and regulations for
the regulation of the affairs of said cor
p0ratiOn as may be necessary and
proper, and the same to change and
alter at pleasure, and to do all such acts
and things as may be necessary and
proper to carry out the objects of the
corporation. The domicile of said cor
pOration shall be In st. Tammany Par
ish, State of Louisiana.
ARTICLE III.
The purposes for which this corpora
ton is organized and the business in
which it shall be engaged, is hereby
declared to be the manufacture of ar
ticles of wood, such as shingles, laths,
pickets, dressed lumber, weather board
ing, sash, blinds and doors, aud frames
for same, and, to that end, to operate
also to conduct general sawmill busi-
ness. and to conduct and operate suit
able plant or establishment or plants or
establishments, equipped with proper
and sufficient machinery and appliances
to carry ON said business.
ARTICLE III.
Citation or other legal process may be
served upon said company through the
President thereof, or in his absence
the Vice President, or in his absence
the Secretary and Treasurer.
ARTICLE Nv.
The capital stock of this corporation
is hereby declared to be the sum of
Twenty-Five Thousand Dollars, and
the company shall begin doing business
as soon as Five Thousand dollars thereof
is subscribed for. The said capital stock
shall Ike divided into two hundred and
fifty shares, which may he paid for
either in cash or property or services
rendered. Each share shall be of the
par value Of one hundred dollars. Such
shares as may be paid for in cash, must
be SO paid for at the time the same are
delivered; such shares as may be paid
for by property, shall be so paid for at
the time the property is sold or con-
yeyed to the corporation; such services
as may be accepted in payment of
shares must have been rendered prior
to the issuance aud delivery of the stock.
The Board of Directors shall determine
how and when stock shall be disposed
of.
ARTICLE v.
The affairs and business of this cor
pOration shall be conducted by . Board
of Directors composed of five persons.
The first Board of Directors shall be
composed Of the following named per-
sons: Maurice j. Hart, President;
Charles +. Colon, Samuel J. Hart.
Charles Mendelsohn and Nicholas p.
johnson. TIL. said Board of Directors
shall from their number elect. IS is
hereinafter provided, . President, Vice
President, and one person ~ Secretary
and Treasurer. The following per-
sons, from the date of this incOrpOra-
ton, shall be the officers of the COM
psny: President, Maurice j. Hart; Vice
President, Charles +. Colon; Secre-
tary and Treasurer, Samuel J. Hart.
The said Board of Directors shall
at the same time. choose, as
l. hereinafter provided, . General Man
ager. Nicholas r. Johnson shall be
the General Manager Ut the company
from the date of this incorporation un-
til the period hereafter stated. The
said Board and the said officers shall
act in said capacity until the first Mon
day of December, 1895, when . new
Board of Directors shall then, and an
nuallY thereafter. be elected; the said
Board of Directors to choose the OIL
Ger, of the said company at the expira-
ton Of the term herein fixed, or as soon
as practicable, and shall do the same
.. nually thereafter. That at the elec-
tons of the Board Of Directors. each
share of stock shall be entitled to one
vote, aud majority of the votes cast
shall eject The elections shall be con-
Quoted under the superintendence OF
three stockholders, to be designated by
the Board of Directors. Previous mo-
tlce OF laid election shall be given by
in one Of the newspapers Of
the city OF New Orleans for ten days
prior to the election. and any failure
from any cause to give this notice or
elect such Directors ut the time men,
TONED sllall not dissolve this corpora
lion, but the Board of Directors and
officers then in office shall retain their
until another election shall |
be ordered by the Board of Directors;
provided, that the same shall be ORDER |
ID not longer than thirty days from the |
late ct which the said election should
have been held under the provisions Of |
hi charter. AL Directors and ohicers
II this company shall retain their in |
until their successors shall |
rave beer. elected and installed In their |
espective offices.
ARTICLE vi.
No stock shall be transferred except |
lpOn the books Of the company, by the |
or his duly authorized |
gent or attorney in fact.
ARTICLE VII.
The name of the corporation shall |
rot be used for the benefit Of any one,
except the actual business interests Of |
he corporation.
ARTICLE VIII.
No stakeholder shall be liable for the |
aults or debts of this corporation In |
my further sum than the unpaid balance |
lue for stock subscribed for by him;
Tor shall any mere informality or de- |
ect In organization have the eject Of |
tAls charter null, or of ex-
,osing its stockholders to any liability |
whatever.
This charter may be altered or
or the corporation dissolved |
y vote Of three-fourths Of its capital |
took In favor thereof, ut any meeting |
allied by the directors, after ten days |
lotice by publication In one Of the |
ally newspapers Of New Orleans.
ARTICLE TX.
Wheqeyer this corporation shall be |
lissolsed, BY Limitation or otherwise, |
p a9airs ahall be uquidated BY three |
o0ni6oio0efD, sppointed By 1eeti1g