St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-04-17

years from and after the date hereof
to contract sue and be sued; to pur
chase, receive, lease, hold and convey
as well = mortgage and hypothecat
| under Its corporate name, propert,
both real and personal; 10 name AMI
appoint such managers, directors, on
| GERS and agents IS the interest aud con
venicnce of said corporation may re.
quire, aud to make and establish sucl
bylaws, rules and regulations for thu
| proper management and regulation o
the a6airs Of said corporation as maj
be necessary and proper, and the same
! to alter aud amend.
ARTICLE II.
The domicilc Of said corporation shall
be in the Parish of st. Tammany, At OF
ne ar the town of Slidell, in the State Of
Louisiana, and all citations or otheI
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 HE absence upon the
manager Of the corporation.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature Of the business TO he carried on
by 1t are declared to be, to manufacture,
buy, sell aud deal in bricks, tiles, ium-
her, charcoal. piling, kindling wood
and other products which may he OBJ
tanned from or made Of wood; to carry
to do Ill things incident and pertinent
to such purposes and objects.
ARTICLE Nv.
The capital stock of said corporation
Is hereby fixed ut the sum Of thirty i've
thousand dollars, divided into and
represented by three hundred and fifty
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
porati0n shall become going concern
and shall begin business a. soon as
three hundred shares shall be sub
scribed for, or shall he 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 each year, the first cl, ctiOn to be In
1898. All such elections shall be by
ballot, and shall be conducted at the
Office of the corporation. under the
of three commission
ers to be appointed by the Board Of
Directors. Notice Of each election
shall be mailed to each stakeholder,
addressed to his place OF residence as
shown by the books of the Company, not
less chan ten OF more than fifteeE days
prior to such election, and each stock
holder. for each share of stock owned
by him shall be entitled to cast three
votes either in person or by proxy, and
e,ch st0ckh0lder may cast all his votes
for one individual. or may divide the
same amnpg several individuals, not
exceeding three, as such stOckholder
may desire. provided that no fractional
votes shall lie 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 ut once take their
seats as such, and shall serve aud con-
tinue ID Office until their successors
shall have been elected. A failure to
elect Directors, As above specified, shall
not dissolve the corporation, but the
Board of Directors shall continue to
act until an election Is held, which
shall be as soon rs may be after notice
as above provided. Vacancies occurring
in said Board from any cause whatso-
ever shall be filled by the remaining
Directors, and any director who may
leave the State temporarily may appoint
in writing, another stakeholder to act
as his proxy on said BOard and exercise
for the time being all the powers of such
absent Director. Two Directors shall
quorum for the transaction
of any business.
The said Board Of Directors at IT,,
first meeting foliOslnG the +lecii0n in
e.ch year, shall elect fr,m its nm abcr
a PRESIDENT AMI Vice President. aal
shall also elect Secretary aud Treas
uyer. The EOsr.i shall appoint from
iir,e to time, AMI dismiss ut .leasure.
~uaau S'O- sss.--sss ssbsW VtssVs
employees As ti,ey may .l-cM necessary
for the bneincss ard purposes Of raid
corporations, and NAV Lake "nA ess,.b
lisl,. rs well as ar.end and alter. all Ivy
Laws. rules AMI 7. gulntious requisite far
.he support and manageL,eut Of che
nsin~ of said COMPANY. Sail Board
o. D;vecs0re shall have power and an
thority r. borrow money. execute mort
vsges, isxu. notcs or bonds. tissue aud
d.l;vec full paid share Of stock o.
bonds. ur obligations Of said Coo, pa1y ut
not less than par. in payment for labor
and scrvicrs. property, rights. ETC.. &C
tually rendered to or received by said
corporation. lnd generalty to 60 all
things pertinent to the objects and pur-
poses Of said corporation. or which are
sr ma. 10 porGlitte'l by tho Law applica-
bic to corporations.