St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1899-10-07

Svoll10& themselves Oh the provisions
Of IN act of the Legislature Of this
State, kno vn as Act No. IS Of the SEES
sion OF 1888, aS well 10 those of the
general laws Of Louisiana, relative "a
the organization Of corporation they
have covenanted and agreed, and by
these presents do covenent and agree
to biod themselves and their successors
to form themselves into and constitute
. corporation for the objects and pur.
poses hereinalter named, and tc that
end, do hereby make, agree upon and
enter into the following articles Of in.
corporation, t0-wits
Article l.
The name Of this corporation shall be
THE ABITA SPRING WATER CON-
PANY, LIMITED, It's 6omicile the town
Of CovinGton, st. Tamutany Parish, State
Of Louisiana, and under its corporate
name, 1t shall enjoy succession for
ntnety-ntne years from date hereof, and
have power to contract, sue and be sued !;
to make and use . corporate seal; t.,
hold, receive and purchase, lease, i'm
prove and develope property, real, per.
sopal aud mixed; to make contracts,
acquire franchises and privileges, and
to eel, lease, pledge, pawn, mortgage or
hyp0thecate the same; to borrow and
lend money, to Issue bonds, notes or
other evidences Of Indebtedness; to APP
point such omcers. managers, agents
and employees ~ its interest and con-
venlence may require, and to make, al
ter and repeal such bylaws, rules a0d
regulations for the proper management
Of Its Affairs IS may be expedient.
Article IL.
All citations aud other legsl process
shall be served upon the President, or
In case of his absence, upon the Vice.
President OF the Campany.
Article III.
The objects and purposes Of this Cor
poration IL established, and the nature
Of the business to be carried ON by IL,
nre declared and specified to bottle and
vend water, either natural or manufac-
tured, to eject plants Of any discrip-
ton necessary for such purposes In
full detail; to purchase and dispose
Of real estate, and erect buildings there.
on OF whatever character Il may sec at,
and generally 10 perform all acts and
jects Of said Corporation.
Article Nv.
The capital stock Of the Company II
fixed Ut one hundred thousand dollars,
divided into one th0naand (lO0,) shares
Of one hundred dollars (@lOO) each,
which shat. be paid In cash, 1t par, ct
its subscription, or to be issued full
paid, for property real or personal or
mixed, purchased by the corporation, or
for services rendered! to the cooperation.
As soon - fifty per cent GO per cent?
of the capital stock shall have been
subscribed, or issued, as provided, this
composition may commence business.
Article v.
All the corporate powers Of said cor
pOrati0n shall be vested in and cxer-
cised by Board of Directors composed
1T i've stockholders to be elected an
nually on the first Monday Of October
Of each year; all such elections shall be
bv ballot, and conducted ut the ONCE of
said corporation under the sbperintend-
ence OF three commissioners to be ap.
pointed ~ the Board Of Directors; aud
Of which election ten days prior notice
shall be given in one of the Daily news
papers published ir the city Of New Or
leans, or notice by mail or otherwise
to each stakeholder. A majority Of the
votes cast shall elect. and each share
of stock shall be etitled to one vote, to
be cast by the owner. either In person
or by proxy. The directors thus elected
shall serve and continue In Onice until
their successors have been elected. A
failure to elect Directors on the date
above specified shall not dissolve the
corporation, but then the Board Of Di
rectors shall cause another election to
b held within thirty days, whereof
Ten days prior notice shall be given,
same - above specified. Vacancies &C.
curing In said board Of directors from
any cause Whatsoever shall be filed
bv the remaining directors. Three d.
shall constitute . quorum for the |
OF any business; the board |
of directors at their 6sst meeting, fol- |
lowing each annual election shall elect
one Of their number to be President Of |
said corporation, and another Vice
President thereof, aud SHAH also elect
! secretary and Treasurer, who may,
3r may not b. member Of the board. |
The board shall have the power In their |
discretion to unite the Offices Of Secre- |
AIRY and Treasurer In one person. |
Said hoard Of directors may appoint |
rom time to time, and dismiss at pleas |
1re such officers, clerks, agents and |
'ther employees, Is they may deem |
for the business and pur-
>oses Of said corporation, and make |
md establish, - well IS alter and |
lmend Ill by-lews, rules and regula- |
Ions requisite for the support and |
Of the business and affairs /
II said corporation. Said Board Of
Directors shall have full power and |
to borrow money, execute |
Mortgages, issue uotes and bonds, and |
do Ill things pertinent 70 the
.bjects and purpoees Of said corpora
Ion, or which are or may be permitted
y the laws applicable TO colporati. q;
= also 70 issue aud deliver full paid
hares Of stock or bonds or obligations
t said company at not less than par In
'avment OF labor done or money Dor.
owed, or property or rights actually
eceived BY sid corporation.
Article vi.
Whenever this corporation may be
|iseolved, either bv limitation or from
nv other canse, its AFFAIRS 9hall be
iquidated by three commissioners to he
ppointed from amongst the stockb0ld-
70 At . 3eneral meeting of the stock.
olders convened for such purpose, ana
majority In amount Of the capital
took Ut said company shall be requisite
n elaef 0aid c0vmm2aa1nnora ahs11 re-. /.