St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-04-03

ARTICLE ".
The capital stock Of said corporatioa
IL hereby fixed at the sum q thirey-1ve
thousand dollars, divided into and
represented ~ three hundred and my
shares Of the par value Of 0ue hundred
dollars each. aald stock sAall b paid
Tor In cash, ct he tlme Of subscription,
or may be tssued at not les than par II
payment Of property received q PM.
chased BY the corporation. The cor
poratiou shall become going concern
and shall begin business - soon -
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 each year, the first election to be In
1888. All such elections shall be by
ballot, and shall be conducted at the
ONCE OF the corporation. under the
observation-disclosures OF three commissions
ers to be appointed by the Board Of
Directors. Notice Of each election
shall be mailed to each stockhOsder,
addressed to his place of residence ~
shown by the books Of the Company, mot
less than ten or more than fifteen days
prior to such election, and each stock
holder. fov each share Of stock owned
by him shall be entitled to cast three
votes either In person or by proxy, and
o,ch stakeholder may cast al his votes
for one Individual, or may divide the
same among several individuals, not
exceeding three, ~ such stockholder
may desire. provided that no fractional
votes shall be counted or considered.
The three persons receiving the
highest number Of votes shall c0ustt-
tute the Board Of Directors for the en-
suing term, shall ut once take their
seats o. such, and shall serve and CON.
tinue 10 ONCE until their successors
shall have been elected. A failure to
elect Directors, - above specified, shall
not Dissolve the corporation. but the
Board Of Directors shall continue to
act until an election Is held, which
shall be ~ soon - may be after notice
- above provided. Vacancies occurring
In said Board from any cause whatsO-
ever shah be filled 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 al the UOwers Of such
absent Director. Two Directors. shall
constitute . quorum for the transaction
Of any business.
| The said Board Of Directors at ii
nrst meeting following the election in
esch ysss, shall elect from its mn abeI
q PRESIDENT and Vice President and
shall also elect . Secretary and Treas-
urer. The Board ahall appoint from
tire to time, and dismiss at .leasuse.
such officers. clerk, agents and other
employees ~ they may .leeM necessary
for the business and purposes Of eaid
corporation, and NAV lake and estAb-
lish, - we'll - ansend and alter. al by
laws, rules and regulations requisite fol
the support AID managet,eot Of the
business Of aaid company. Said Board
OF Dieeotore shall have power and an
thority r. Dor row money. execute mort
~, "s ~, 49, 49, u 1870" - 80 !,
, - "h,;I .:~,,. - IA $1,000 :,
~ ~. :. .,.", 49, :, n.vr.srt for i:i,o,
IA .s-v;sss r,cnsr.v. r;ohts. ete.. &C
s..m~ r..as.sJ IS =, reccivei ~ ii,
..a-,.o,.sic~ .rS ss.sraIlv "a 10 II
sS;rs. ,,s,t;..,,f - the ohiscts and nuy
nc.S ~ ..;d co,norstion. or vhieh ar,
- nv te ne.n,;fa..l nv ,hc Law anrlies
BILE 10 covpor~tions.
Il ARTICLE vi.
Thu oct Of incorporation, or auy arti
Gle in this charter. may be changed, d
tered or amended, or the corporation
NAV be dissolved 1t Q seneral meetIn
OF the stockholders convened Tor sue
purposes, after notice to each stock
| hn11op d1r.rNaA IN h4a n1are 0f RAJ