St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1895-03-16


chase and convey, as well as mortgage,
hypOthecate under its corporate name,
property, real and personal; to name
and appoint such managers, directors
and officers and agents rs the interest
and convenience of said corporation
may require; to make and establish
such bylaws, rules and regulations for
the regulation of the affairs of said cor
pOratiOn 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, and frames
for same, and, to that end, to operate
and conduct 3 Sawmill or sawmills;
also to conduct . general sawmill bust
ness. and to conduct and operate q suit
able plant or establishment or plants or
establishments, equipped with proper
and sufficient machinery aud 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 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 SO paid for at the time the same are
delivered; such shares as may be paid
for by property, shall be SO paid for ut
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 aud when stock shall be disposed
of.
ARTICLE Y.
The affairs and business of this corr
pOrati0n 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 Mende]sohn and Nicholas p.
johnson. The said Board of Directors
shall from their number elect. as Is
hereinafter provided, President, Vice
President, and one person ~ Secretary
and Treasurer. The follow Ing per-
sons. from the date of this incOrpOra-
ton, shall be the officers of the CON-
pany: President, Maurice j. Hart; Vice
President, Charles +. Colon; Secre-
tary and Treasurer, Samuel J. Hart.
The said Board Of Directors shall
annually, at the same time. choose, as
IL 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 a new
Board of Directors shall then, and an
nually thereafter, be elected; the said
Board of Directors to choose the OFF.
GERS of the said company at the expira-
ton of the term herein fixed, or as sOOu
as practicable, and shall do the same
annually thereafter. That ut the eiec-
tons of the Board Of Directors. eacli
share of stock shall be entitled to one
vote, and . majority Of the votes cast
shall elect The elections shall be con:
Quoted under the supeyipteldepce Of
three stockholders, to be designated BY
the Board of Directors. Previous mo-
tice of said election shall be given by
publication in one Of the newspapers 81
the city of New Orleans for ton days
prior to the election. and any failure
from any cause to give this notice OF
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
incumbency until another election shall
be ordered by the Board of Directors ;
provided, that the same shall be 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 officers
of this company shall retain their In
cumbencies until their successors shall
have been. elected and installed in their
respective 0faces.
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 ocrpqrstioa.
ARTICLE YIN.
No stakeholder shall be liable for the
faults or debts of this corporation in
any further sum than the unpaid balance
due for stock 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