St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-03-20

quire, 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 and amend.
ARTICLE II.
The domicile of said corporation shall
near the town Of Slidell, In the State Of
Louisiana, and all citations or Other
legal process shall be served upon the
president Of said corporation, or In case
of his absence, upon the vice president,
or In case of his absence upon the
manager of the corporation.
ARTICLE LII.
The objects and purposes for which
this corporation Is established and the
nature Of the business to be carried on
by it are declared to be, to manufacture,
buy, sell and deal in bricks, tiles, lum-
Der, charcoal. piling, kindling wood
and other products which may be OBJ
tanned from or made Of wood; to carry
on general merchandise business; and
to do al things incident and pertinent
to such purposes and objects.
ARTICLE Nv.
The capital stock of said corporation
Is hereby fixed at the sum Of thirty 1--WE
thousand dollars, divided into and
represented by three hundred and Alty
shares Of the par value Of one hundred
dollars each. Said stock shall be 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
and shall begin business - soon q
three hundred shares shall be sub
scribed for, or shall be issued for
property acquired or purchased by the
said corporation.
ARTICLE v.
All the corporate powers Of said cor
poration shall be vested and exercised
by Board Of Directors composed Of
three stockholders to be elected annu-
ally on the third Tuesday In January
Of eoeh year, the first election to be In
1850. All such elections shall be BY
balDue, and shall be conducted ct the
o0ce Of the corporation. under the
supe1intendence Of three commission
ers to be appointed by the Board Of
Directors. Notice of each election
shall be mailed to each st0ckholder,
addressed to his place Of residence as
shown by the books Of the Company, not
less than ten or more than fifteen days
prior to such election, and each stock
holder. f0r each share Of stock owned
by him shall be entitled to cast three
votes either in person or by proxy, and
each st0ckholder may cast al his votes
for one individual, or may divide the
same among several individuals, not
exceeding three, as such stockholder
may desire. provided that no fractional
votes shall be counted or considered.
The three persons receiving the
highest number Of votes shall consti-
tute the Board Of Directors for the en-
suing term, shall ct once take their
seats - such, and shall serve and con.
tinue In once until their Successors
shall have been elected. A failure to
elect Directors, Is above specified, shall
not dissolve the corporation, but the
Board of Directors shall continue to
act until IN election is held, which
shall be as soon - may be after notice
Is above provided. Vacancies occurring
in said Board from any cause whatso-
ever shall be filed by the remaining
Directors, and any director who may
leave the State temporarily may appoint
In writing, another stakeholder to act
- his proxy on said Board and exercise
for the time being all the powers Of such
absent Director. Two Directors shall
constitute quorum for the transaction
Of any business.
The said Board of Directors at its
hEst meeting following the election in
esch year, shall elect from il mn abcr
. President and Vice President and
shall also elect Secretary and Teas
urer. The Board shall appoint from
time to time, and dismiss ct .lsasure,
such officers, clerk, age ats and other
employees - they may deem necessary
for the business and purposes Of said
corporation. and NAV i5ake and estsb-
lish. - we'll - amend and alter. all by
laws, rules and regulations requisite for
the support aad managel,sot Of the
businsss Of aaid company. Said Board
Of Dieeotore shall have power and ~.
thority b bOrro money, execute mort
orRes, issue notes or bonds, issue aud
deliver fnll paid share Of stock or
bonds, or obligations Of aid coc,paoy 1T
not less than par. in payment for labor
and services, property, rights. etc., &C.
tually rendered to or received BY sail
and generally 70 do all
things pertinent to the objects and pur.
poses Of said corporation. or which ara
" may be permitted by tho law applica-
Bic to ooDDofati0nS,
ARTICLE vi.
This act of Incorporation, or any arti.
ole In this charter. may be changed, a.
tered or amended, or the corporation
may be dissolved ct . general meeting
II the stockholders convened for such
purposes, after notice to each stock
holder, directed to his place Of resi-
1ence, - shown BY the books Of the
not more than fifteen, NOR
eos than ten days prior 70 such meeting,
,rovided the owners Of three l0uFt6s
Y the shares Of stock represented 1t