St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-05-22

East l<Uuislama Fair and
Improvement Asss,cia-
tiOm. Limited.

ton, Limited.
United STATES or AMERICA,
STATE or LOUISIANA, PARISH
OF ST. TAMMANY.
BE IT KNOWN, That IN this the
23rd day Of the month OF February, in
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 aud
undersigned.
Personally came and appeared the
several persons whose pames are here
unto subscribed, who severally de-
clared. that availing themselves of the
law of this State, IN such cases made
and provided, and particularly Of Act
36 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. as
well as such other persons as may be-
come hereafter as sOciated with them as
follows: In order to form and consti-
tute corporation and body polite in
law for the objects and purposes and
under the stipulations following to-wit:
ARTICLE
The name of the corporation shall
be the EAST LOUISIANA FAIR
AND IMPROVEMENT ASSOCIATION,
LIMITED, and its domicilc shall be in
the town of CovingtOn, st. Tammany
Parish Louisiana, and it shall have and
enjoy succession and existence for a
period of ninety-nine wears from date
hereof.
ARTICLE II.
The objects anil purposes Of this
corporation are to construct and main-
tain Race Track and Fair Grounds,
with buildings and improvements suit
able for the purpose Of holding general
fairs, "a ces and other exhibitions, and
such other buildings and Improvements
as the corporation may wish to make;
to promote and maintain races, and to
offer prizes therefor; to hold general
fairs aud to offer premiums and prizes
to persons making exhibits thcreat,
such prizes, and the awarding of the
same to be provided for by the directors;
to encourage agriculture, horticulture,
stock raising aud agricultural ald
mechanical pursuits, and generally to
have and exercise such powers aud do
such things rs are necessary and con-
vcnient for the proper carrying out the
objects of the corporation and as are
usually had and done by fair and racing
associations; 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 ut
Four Thousand Dollars, divided iuto
eight hundred shares of five dollars
each. No transfer Of shares shall be
binding on this corporation unless the
same appears on the books of the COM
pany. No sale or transfer of shares
shall he made by any share holder un-
I'll 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 at 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 q Board OF
Directors, and all its business ahairs
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 Dt-
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 AZ
fairs Of the company. The Board OF
Directors shall elect from their own
number President, Secretary and y
Treasurer, and eight members Of the
Board shall constitute quorum for
the transaction of business.
ARTICLE vi.
All legal process shall be served up
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 10 rs
many votes rs he or she has shares,
aud may vote by proxy.
ARTICLE VIII.
No stockholder shall ever be held
liable or responsible for the contracts
faults or debts Of said Association. nor
shall any mere informality in its Qrgani-
zation have the effect If rendering this
Charter null or OF exposing stOckholder
to any liability beyond the unpaid bat
nnce due on the shares subscribed by
him,
At every annual election two share
holders shall conduct the election 70
elect Boar of Directors Until the nrst
annual election takes place DR.. =. z.
williams, o. v. Richard. George Il.
Cause, G. s. 4. Darlington, John Potte-
vent, Louis Wehrli, J. II Cahier, Ed.
Brewster, M. c. Day, X. McKiligct.
Fritz Salmen, +. w. Hosmer, II. ),
willis and John u. WORKMAN shall
constitute the first Board of Directors,
OF which DIR. C. Z. williams shall he
President, and Frank w. HOsmer shall
be Secretary, and Louis Wehrlf shall be