St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1897-07-03
CHARTER.
East Louisiana Fair and
Improvement Associa-
ton, Limited.
CHARTER.
UNITED STATES OF AMERICA
STATE OF LOUISIANA, PARISH
OF ST. TAMMANY.

| 23rd day of the month of February,
the year of our Lord one th0usall
eight hundred and ninty-Seven, and {
the Independence of the United State
| of America the one hundred and twent,
first:
Before me, Harrison Rankin Warner
Clerk and Ex-officiO Notary Public i
and for the Parish of st. Tammany
and qualified, and in the presence o
the witnesses hereinafter named an
undersigned.
Personally came and appeared tn
several persons whose names are here
unto subscribed, who severally de
clared. that availiny themselves of tn
law of this State, IN such cases mad
and provided, and particularly of Ac
36 of the General Assembly of TIN
State of Louisiana, of the year on,
thousand eight hundred and eighty
eight, they do by these presents cove
nant, agree and bind themselves. a.
well as such other persons rs may be-
come hereafter as ISOLATED with them ..
follows: In order to form and cOnsti.
tute 4 corporation and body polite il
law for the objects and purposes anG
under the stipulatiOns following to.wit:
ARTICLE I.
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 and
enjoy succession and existence for q
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 aud improvements suit
able for the purpose of holding general
fairs, races and other exhibitions, and
such other buildings and Improvements
as the corporation may wish to make !;
to promote and maintain races, and to
otter 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 aNd
mechanical pursuits, and generally to
have and exercise such powers and do
such things as are necessary and con-
venient 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 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
paDy. No sale or transfer of shares
shall be made by any share holder uu-
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 Nv.
All the corporate power Of this cor
pOration shall be vested in Board of
Directors, and all it's business affairs
shall be conducted by such hoard, 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 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, af-
fairs Of the company. The Board of
Directors shall elect from their own
President, Secretary and q
aud eight members of the
Board shall constitute a quorum for
the transaction of business.
ARTICLE vi.
All legal process shall be served up
On the President, or In case of his alb
sence. upon the Secretary.
ARTICLE VII.
At all meetings Of the Corporation
each shareholder shall he entitled to as
many votes as he or she has shares.
aud may vote by proxy.
ARTICLE VIII.
No stakeholder shall ever be held
liable or responsible for the contracts,
faults or debts of said Association. nor
shalt any mere informality in It's organi-
Eation have the effect If rendering this
Charter null or of exposing stocknaltler
to any liability beyond the unpaid bal
ance due ON the shares subscribed by
him,
ARTICLE IN.
At every annual election two share
holders shall conduct the election t.
elect BOari of Directors Until the first
annual election takes place DR.. C.. 4.
Williams, D. V. Richard, George II.
Cause, c. 8. +. Darlington, John POite-
rent, Louis Wehrli, J. r. Cahier, Ed
Brewster, NJ. C. Day, X. McKiliget.
Fritz Salmen, +. w. Hosmer, II. J,
Willis aud John Il. WORKMAN shall
constitute the first Board of Directors.
II which DIR. c. 4. Williams shall be
and Frank w. HOsmer shall
,e Secretary, snd Louis Wehrli shall be
Treas urer.
ARTICLE Y.
The Board Of Directors shall have |
'0wcr to issue full paid stock for cash, |
y in payment of property acquired By |
he association, or for work or for ser.
ices performed for il.
ARTICLE Nj.
This act Of corporation NAV be
modified or altered, or this |
OrpOratiOn may be dissolved with the /
sent of three-f0urths of the stock |
OltlerS Mt n GENERAL nicotine cor.n,,0a |