St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-06-05
CHARTER.
East Louisiana Fair and
improvement Ass0cia-
ton, Limited.
CHARTER.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA, PARISH
OF ST. TAMMANY.

the wear Oh our AOIu que tuOuS0uu
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-officio 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
undersigned.
Personally came and appeared the
several persons whose names 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
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, as
well as such other persons as may be-
come hereafter associated with them as
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,
LIMITED, and its domicile shall be in
the town of CovingtOn, st. Tammany
Parish Louisiana, and it shall have aud
enjoy succession and existence for a
period Of ninety-nine years from date
hereof.
ARTICLE IL.
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, IA :es 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 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
mechanical pursuits, and generally to
have and exercise such powers and do
such things as are necessary and con-
venient for the proper carrying ont the
objects of the corporation and rs are
usually had and done by fair and racing
associations; to sue and be sued, and
to have a 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
binding 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 share holder un-
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 at the
actual cash value shall remain in the
Board of Directors for ten days after
the offer to sell has been made.
ARTICLE ~.
All the corporate power Of this cor
pOratiOn shall be vested in . Board oil
Directors, 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 Di-
rcctors during the year shall be filled
by the remaining members.
ARTICLE v.
The Board of Directors shall have
power to make all bylaws necessary
for the successful conduct Of the al
fairs OF the company. The Board Of
Directors shall elect from their OWL
number . President, q Secretary and .
Treasurer, and eight memb, rs of the
Board shall constitute quorum f0l
the transaction of business.
ARTICLE vi.
All legal process shalt be served up
ON the President, or in case Of his alb
seuce, upon the Secretary.
ARTICLE VII.
At all meetings of the Corporation
each shareholder shall be entitled to a
many votes as lie or she has shares
aud may vote by proxy.
ARTICLE VIII.
No stakeholder shall ever be helG
liable or responsible for the contracts
faults or debts of said Association, mol
shall any mere informality in its organi
zatiOn have the effect Of rendering thi.
Charter null or of exposing stocknnldel
to any liability beyond the unpaid bal.
ance due on the shares subscribed b!
him,
ARTICLE IN.
| At every annual election two shar,
holders shall conduct the election T.
elect q Board of Directors Until the frs
annual election takes place DIR. c. 4
williams, o. v. Richard. George II
Cause, G. s. 4. Darlington, John Polite
vent, Louis .Wehrli, J. X Cahier, Ed
Brewster, NJ. c. Day, Il. McKiliget
Fritz Salmen. +. w. Hosmer, II. }
Willis aud John Il. WoYtham shal
constitute the first Board of Directors
of which DIR. CO. Williams shall b'
| President, and Frank w. HOsmer shal
be Secretary, and Louis Wehrli shall b'
Treasurer.
ARTICLE Y.
The Board of Directors shall Iav'
power to issue full paid stock for cash
or in payment of property acquired b.
the association, or for work CT for scr
| vices performed for it.
! ARTICLE NJ.
This act Of corporation may b
changed, modified or altered, or thi
corporation may be dissolved with th
assent of ee-fOurths Of the stock
holders ut general meeting convene
for hat v,urrnon and ~ffnr 1n..& 49,