St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-04-10

name it shall have power ana sotoof1ey
n have and enjoy successi0n Tor the
fail term and period Of ntnety-nine
year. from and after the date hereof;
II contract sue and be sued; 70 pur-
ohase. receive, lease, hold and convey,
:. well Is mortgage and hypothecate
nnder it's corporate name, property
both real aud personal; TO name and
anDofnt such managers, directors, on
Gers and agents Is the interest and con-
yenieuce Of said corporation may re-
ouire. and to make and establish such
bylaws, rules and regulations for the
proper management and regulation OF
the Affairs Of said corporation - may
be necessary and proper, and the same
to alter aud amend.
ARTICLE III.
Tie domicile IT said corporatiou shall
be In the Parish Of st. Tammany, at or
near the town Of Slidell, Ii the State Of
Louisiana, aud all citations or other
legal process shall be served upon the
president Of said corporation, OF In case
of his absence, upon the vice president,
or In case OF HE absence upon the
manager of the corporation.
ARTICLE III.
The objects and purposes for which
this corporation iS established aud the
nature Of the business to he carried on
by It are declared TO be, to manufacture,
buy, sell aud deal In bricks, tiles, lum-
her, charcoal. piling, kidding wood
and other products which may be oh.
tanned from or made Of wood; to carry
on general merchandise business; and
to do all things incident and pertinent
to such purposes and objects.
ARTICLE w.
The capital stock Of said corporation
Is hereby fixed ut the sum Of thirty. i've
thousand dollars, divided iut0 and
repro scntcd by three hundred aud nifty
shares Of the par value Of one hundred
dollars each. Said stock shall he paid
for In cash, at the time Of subscription,
or may be Issued at not less than par In
payment OF property received or pur.
chased by the corporation. The cor
pOratiOn shall become going concern
aud shall bc.iu business a. sO0u as
three hundred shares shall be sub
scribed for, or shall he issued for
property acquired or purchased by the
said corporation.
ARTICLE ".
All the corporate powers Of salt cor
pOratt0n shall he vested and exercised
BY Board Of Directors composed Of
three stockholders to be elected annu-
ally on the third Tuesday In January
of each year, the first el elton to be In
~.1AmA2Ns>s shall 4. 1Nv,
ballot. and shall be conducted 1t the
Office Of the corporation unslcr the
superintendent Of three commission
ers to be appointed by the BOarl Of
Directors. Notice of each election
shall be mailed to each stakeholder,
addressed to his place Ut residence ~
shown by the books Of the Company, not
less than ten or more than fifteen days
prior 10 such election, and each stuck.
holder. f0y each share Of stock owned
by him shall he entitled to cast three
votes either in person or by proxy, and
esch stakeholder may cast all his votes
for one individual. or may divide the
same am ing several individuals, MT
exceeding three, IS such stakeholder
may desire. provided that no fractional
votes shall be counted or considered.
The three persons receiving the
highest number of votes shall c0usti-
tute the Board Of Directors for the en-
suing term, shall ut once take their
seats Us such, aud shall serve aud con.
tinue In Office until their Successors
shall have been elected. A failure to
elect Directors, ~ above specified, shalt
not dissolve the corporation, bnt the
- NknOOANvo rhAo1 s>rSpNefAM0 IN
act until an election Is held, which
shall he a. soon as may be after notice
Is above provided. Vacancies occurring
In said Board from any cause whatsO-
ever shall be died by the remaining
Directors, and any director who may
leave the State temporarily may appoint
in writing, another stOckhOl,ier to act
as his proxy ON said BOARD md exercise
for the time being all the powers Of such
absent Director. Two Directors shall
constitute quorum for the transaction
of any business.
The sail B0,rd of Directors at H..
first meeting f,.l.0N Ing tlr +les-ti.'n in
e &C., yea, shall elect fr..m its nu ..h.r
4 resi- !. 1t anil Vice s'Fr>i.lsSst. Aa.a
shall also elect SECRETARY ANIL Teas
urer. Tie ik,sr.l shalt app ciot from
tire to time, and dismiss ut .leasuse.
such "ffi ;ers clerk, agents and other
cmrl wees nx Trey may .lee:n necessary
E"r the hnsiness and purposes Of said
corporation. and NAV lake rn.s es.al'-
iis's. ~ well ~ mr.enl AMI alter. all !'y-
laws ru.c< as.i rr.:ui,tis..~ r-lnisits. fur
he Support rau management # H..
businex Of .ai;l rOm"shs. Sal: Bond
~ D.sec:.,.e shall lave power nnd so
el"rity I" bOr row money. cNecut~ mort
isxeex, issn~ notes or lssnds, issue and
deliver fall paid share # stuck q,
s'ends. .r ohii Cations It sai.i coa-, ps,y ut
noe less than par, in Iayl.~nt for Iainr
and servers. property, rights. ETC.. &C
t.ally Rendered t, or received by said
l.crporatlon. AID generally to &" all
things pertinent to the objects and pur-
poses o. said corporation. "r which ara
% ma. hc perI.i,te.l Ly the law alllic:s-
bic 70 So'l.orati,ns.
/ ARTICLE vi.
Til. at s,e ,~Cx>vnUe>sonm - 49, ~re3.