St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1898-12-24

sioners TO he appointed by the Prest-
dent for that purpose, Of which election
ten (lO) days prior notice shall be given
BY the secretary to each stockholders,
by notes. sent to him by mail or other
! wise, and directed tO his dumicile or
place of business: AVID each share of
stock shall I,c entitled to one vote to be
cast by the owner either in person or
by written proxy. The Directors Thus
elected shall serve aud continue in Office
until their successors shall have been
elected. 4 failure to elect directors
ON the date above specified shall not
dissolve the corporation, but the Board
of D'ret tors shah cOutinne To hold their
office mill their successors shall have
bes.n elected.
The first Board of Directors shall be
composed of CHARLES MENDELsON,
MArEIcE J. HART and PRESTON F. HALL.
Vacancies occurring in said Board from
any cause whatsoever shall be filed by
the remaining directors; and anv di-
rector who luay he compelled to be alb
sent from this State may appoint, under
writing, another stakeholder as his
pruxs on said board and exercise for
The time being all the powers of such
absent director. Two (2) directors
shall constitute a quorum for the trans
action of any business. The said Board
of Directors shall make all bylaws,
rules and regulations for the govern
ment of the business aud affairs of the
COMPANY. and alter, amend aud change
/ the same at pleasure. They shall also
have full power to buy, sell, mortgage
, aud pIcdg. any aud all property, real or
personal. whenever in their judgment
/! they may deem such acts necessary or
proper; hire, employ and tiischar all
| officers. a:scni~. employees. and clerks;
aud fix all salaries aud compcnsatiOns,
aud generally To do all things necessary
! in the transaction of the bushes and
affairs Of the Company.
Article IN.
! The obJtciS and purposes OF this cor
pnraiiDn are hereby declared to buy.
| sell aud deal in bricks. tiles, terra Gotta,
| sand. lime and building material gencr-
ally. 10 manufacture bricks. tiles aud
| bull ling material. to erect, own aud
| lIaim ain aud operate brick yaI,l and
tile factory aud To ca nv Oh any and all
| such ape rat ions as may be proper and
necessary in the aid of the business of
The corporation aS herein stated.
Article v.
Tie capital stock of this corporation
is fixed al Fifty Thousand Dollars $780,
Wn OD. dividei into fiYe hundred 500
shares "f the par value of one hundred
fslnn Ooo dollars each.
The certificates Of shares of capital
sock may lie issued in accordance with
the Constitution ut the State of LOUISE
ana. for cash. or for work done or
services rendered to the Company or in
acquisition of property necessary for
the Company, and may be issued by the
Board of Directors when in their judy
mrnt it is necessary and proper.
And shall be issued at such times
ar d upon such terms of payment as the
Board of Directors may determine.
Article vi.
The Company may begin business and
shall be declared going concern when
one hundred (l6O shares Of the capital
stock shall have been subscribed.
Article VII.
The capital stock of this corporation
NAV be decreased or increased bv a vote
of the STOCKHOLDERS of the corporation at
q general meeting Of the stockholders
called for that purpose in the manner
and after the publication aud notice
provided by law.
Article VIII.
The officers of said corporation shall
be q President and a Secretary and
6n1c hall I<a
President, and Preston F. Hall shall be
Secretary and Treasurer. and these
officers shall hold their Office uutil the
first Monday of January, 1900, or until
their successors are elected and quail
fed.
Article. IN.
Whenever this corporation Is dis
cause, its affairs shall be lipuidated by
two commissioners selected by the
stockholders convened for that purpose,
after ten days prior notice thereof shall
have been given by the Secretary to
each stock holder. by notice sent to him
by mail or otherwise, and directed to
his domicile or place of business, sud
by vote Of a majority Of the capital
stock of said company. The said Com
misSioners shall remain In Office until
the affairs OF said corporation are fully
liquidated; in case of death of either
of said commissioners the survivor shall
continue to act alone.
Article X.
This act of incorporation may be
changed, altered or modified; or this
corporation may be dissolved by u vote
of the majority OF the capital stock of
said corporation at a general meeting
called for that purpose, after ten days
notice thereof shall have been given
bv the Secretary to each stakeholder.
directed to his dOmicilc or place of
business stating the object of such
meeting.
Article Nj.
40 stakeholder shall ever be held
Liable or responsible for the faults or
contracts of said corporation in any
| further sum than the unpaid balance
due on the shares of stock owned by
him, nor shall any mere informality in
organization have the effect of render
ing stakeholder liable beyond the
amount due on his stock or of anuuliing
this charter.
! Thus done and passed, in my Office.
at the City of New Orleans, on the
day. month aud year first above written,
in the presence of Messrs. Joseph o.
Daspit and Joseph Sinai, competent
| witnesses, who have hereunto signed
their names with the said appearers,
an me, Notary, after reading of the
whole.
Original Signel,)
Chas. Mendelson,
N. J. Hart,
BY c. Mendelson.
Preston +. Hall,
j. o. Daspit,
Joseph Sinai,
Lamar c. QuinterO.
Notary Public.