St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-06-12
CHARTER.
East Louisiana Fair and
Improvement AssOcia-
ton, Limited.


the year of our Lord one thousand
eight hundred and ninty-seven, and Of
the Independence Of the United States
Of America the one hundred and twenty
first:
Before me, Harrison Rankin Warren,
Clerk and Ex-ofiicio Notary Public in
and for the Parish Of st. Tammany,
State of Louisiana, duly commissioned
and qualified, and in the presence Of
the witnesses hereinafter named and
Personally came and appeared the
persons whose names are here
unto subscribed, who severally de-
clared. that availing themselves Of the
law of this State, N such cases made
and provided, and particularly of Act
IS OF the General Assembly Of the
State Of Louisiana, Of the year one
thousand eight hundred and eighty
eight, they do by these presents cove :
nant, agree and bind themselves, rs
well Is such other persons Is may be-
come hereafter associated with them IS
follows: In order to form and consti-
tute corporation and body polite in
law for the objects aud purposes and
under the stipulations following to-wit:
ARTICLE /.
The name Of the corporation shall
be the EAST LOUISIANA FAIR
AND IMPROVEMENT ASSOCIATION,
and its d0micile shall be in
the town of Covington, st. Tammany
Parish Louisiana, and it shall have and
enjoy succession and existence for Z
period of ninety-nine years from date
hereof.
ARTICLE II.
The objects anil purposes of this
are to construct and main
tain q kace Track and Fair Grounds,
with buildings and improvements suit
able for the purpose Of holding general
fairs, races and other exhibitions, and
such other buildings and Improvements
IS the corporation may wish to make;
to promote and maintain races, and to
offer prizes therefor; to hold general
fairs and to offer premiums and prizes
to persons making exhibits thereat,
such prizes, and the awarding of the
same to be provided for by the directors;
to encourage agriculture, horticulture,
stock raising aud agricultural aAd
pursuits, and generally to
have aud exercise such powers and do
such things rs are necessary and con-
vcnient for the proper carrying out the
objects Of the corporation and a. are
usually had and done by fair and racing
to sue and be sued, and
to have corporate seal.
1t shall begin business when ten per
cent of the capital stock shall have
been subscribed and paid up.
ARTICLE III.
The capital stock Is hereby fixed At
Four Thousand Dollars, divided into
eight hundred shares Of five dollars
each. No transfer Of shares shall be
on this corporation unless the
same appears ON the books Of the COM
pany. No sale or transfer Of shares
shall be made by any shsre holder I'M
til he shall have first offered the share
or shares to the corporation and the
purchase has been declined, and their
right to decline or purchase ut the
actual cash value shall remain In the
Board of Directors for ten days after
the offer to sell has been made.
ARTICLE Nv.
All the corporate power Of this cor
pOratiOn shall be vested In . Board Of
and all its. business Affairs
shall be conducted by such board. COM
posed Of fifteen stock holders, who
shall be elected on the first day Of
March, in the year of our Lord one
thousand eight hundred and ninety
eight, and annually thereafter, and
shall hold their Offices until their sue
cessors are elected and qualified.
Any vacancy In the Board Of d.
rectors during the year shall be filed
by the remaining members.
ARTICLE v.
The Board Of Directors shall have
power to make all bylaws necessary
for the successful conduct Of the NJ
fairs Of the company. The Board Of
Directors shall elect from their own
President, Secretary and .
and eight members Of the
Board shall constitute = quorum for
The transaction of business.
ARTICLE vi.
All legal process shall be served mp
On the President, or in case Of his abb
sence, upon the Secretary.
ARTICLE VII.
At all meetings Of the Corporation
each shareholder shall be entitled to -
many votes as he or she has shares,
and may vote by proxy.
ARTICLE VIII.
No stakeholder shall ever be held
liable or responsible for the contracts,
faults or debts Of said Association, nor
shall any mere informality IN ite organi-
Lation have the effect Of rendering this
Charter null or Of exposing . stockholler
70 any liability beyond the unpaid bal
lnce due ON the shares subscribed by
him,
ARTICLE IN.
At every annual election two share
elect . Board Of Directors. Until the first
annual election takes place DR.. G. 4.
Williams, o. v. Richard. George II.
Cause, G. s. E. Babingt0n, John Polite
rent, Louis Wehrli, ]. 4 Cahicr, Ed.
Brewster, n. C. Day, X. McKiligct.
Fritz Salmen, +. w. Hosmer, II. J,
Willis and John b. Wortham shall
constitute the first Board Of Directors,
II which DIR. C. 4. Williams shall be
aud Frank w. HUsmer shall
" Secretary, and Louis Wehrli shall be
Treas urer.
ARTICLE X.
The Board Of Directors shall have
,ower to issue full paid stock for cash,
" in payment Of property acquired by
he association, or for work or for SER
ices performed for II.
ARTICLE Nj.
This act of corporation may be
hanged, modified or altered, or this
may be dissolved with the
l-sent of three-fourths Of the stock
FOLDERS at general meeting convened
or that purpose, and after 1t least ten
lays notice Of said meeting shall have
)een given bv publication in the nm.