St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1895-03-23

poration shall be in st. Tammany Par
ish, State of Louisiana.
ARTICLE II.
The purposes for which this CORPORA
ton Is organized and the business in
which 1t shall he engaged, is hereby
declared 70 be the manufacture of AZ
ticles of wood, such as shingles, laths,
pickets, dressed lumber, weather board
ing, sash, blinds and doors, and frames
for same, and, to that end, to operate
and conduct . sawmill or sawmills;
also to conduct q general sawmill BUSH
ness, and to conduct and operate . suit
able plant or establishment or plants OF
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, sud
the company shall begin doing business
as soon IS Five Thousand dollars thereof
is subscribed for. The said capital stock
shall be divided into two hundred and
fifty shares, which may be 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 he paid for in cash, must
be 50 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-
veyed to the corporation; such services
as may be accepted in payment of
shares must have been rendered prior
to the issuance and 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.
pOrati0n shall be conducted by Q 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 F. Colon, Samuel ]. Hart.
Charles Mendelsohn and Nicholas p,
johnson. The said Board of Directors
shall from their number elect, a. Is
hereinafter provided, President, Vice
President, and one person q Secretary
and Treasurer. The follow Ing per.
sons, from the date of this inc0rpora.
ton, shall be the officers of the com.
psny: President, Maurice ]. Hart; Vice
President, Charles +. Colon; Secre-
tary and Treasurer, Samuel j. Hart.
The said Board of Directors shall
annually, at the same time. choose, a.
Is hereinafter provided, General Man
ager. Nicholas p. johnson shall be
the General Manager Of the company
from the date Of this incorporation un.
Ill 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 on
GERS Of the said company at the expira-
ton of the term herein fixed, or Is soon
IS practicable, and shall do the same
annually thereafter. That at the elec-
lions Of the Board Ut Directors, each
share Of stock shall be entitled to one
vote, and q majority of the votes cast
shall eject The elections shall be con-
Quoted under the superintendence OF
thyee stockholders, to be designated by
the Board Of Directors. Previous no.
tlce of .aid election shall be given By
publication 10 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 Oh
elect such Directors ut the time men,
toned shall not dissolve this corpora
ton, but the Board of Directors and
officers then In Office shall retain theif
incumbeucy until another election shall
be ordered by the Board of Directors;
provided, that the same shall he order.
ed not longer than thirty days from the
date at which the said election should
have been held under the provisions OF
this charter. All Directors and Onicers
Of this company shall retain their in
cumbencie, until their successors shall
have heeL elected aud installed in their
respective offices.
ARTICLE vi.
No stock shall be transferred except
upon the books of the company, by the
stakeholder, or his duly authorized
agent or attorney In fact.
ARTICLE VII.
The name of the corporation shall
not be used for the benefit Of any one,
except the actual business interests OF
the corporation.
ARTICLE VIII.
No stakeholder shall be liable for the
faults or debts Of this corporation in
any further sum than the unpaid balance
due for'st0ck subscribed for by him;
nor shall any mere inf0rmality or de-
feet In organization have the effect Of
rendering this charter null, or Of ex-
posing its stockholders to any liability
whatever.
This charter may be altered or
amended or the corporation dissolved
BY vote Of three-fourths Of ite capit6l
stock in favor thereof, ct any meeting
called by the directors, after ten DAYS
notice by publication In one Of the
daily newspapers Of New Orleans.
ARTICLE TX.
Whenever this corporation shall be
by limitation or otherwise,
10 a9Airs shah b liquidated BY three
cuDnisoao0egD, appoisted BY . 1ssting