St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-10-26
CHARTER.

CHARTERS.
Uuited States of America, State o1
Louisiana, Parish of St. Tammnay
BE 1T KNOWN, That OH this day, the
thirteenth Of the month of September
| in the year of our Lord one thousand
uine hundred and one, before me, H
r. Warren, clerk of the District Court
aud Ex-Oficio Notary Public for the
said Parish of st. Tammany, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the several persons
whose names are hereunto subscribed,
who severally declared that, availine
themselves Of the provisions of the laws
of this State, they have covenanted and
agreed, and do hereby covenant and
agree, to form and constitute them
selves aud their successors into q cor
poration for the following objects and
purposes, and under the following con-
ditions and stipulations, viz:
Article /.
Said corporation shall be known aud
designated as: Southern Industrial In
stitute, limited, and under said name
1T shall exist and enjoy succession for
term of Dinety-nine years from this
date, and exercise and enjoy all powers
and privileges granted now or hereafter
by law unto corporations.
Its dOmicile shall be in Covington,
Parish of st. Tammany, Louisiana, and
all citations or other legal process shall
be served upon the President, or in
case of his absence, upon the Secretary
Treasurer.
Article IL.
The purposes for which this corpora
tion is established, and the nature of
its business, are declared to be the
manufacture and sale of boots, shoes,
articles of personal wear, household
furnishing goods, and all articles con-
nected with snch business, and also
the conduction Of q printin" office.
Article Ill.
The capital stock of this corporation
is hereby declared to be the sum
of fifty Thousand dollars, divided
into or represented by two thous-
and shares of twenty five dollars
each. Said stock shall be sub
scribed for and paid in cash, and same
may be issued for property actually re-
ceived or labor done for said COM
pany. Transfers of stock shall only be
made on the books of the company by
stockholder, in person or by proxy,
but none shall be sold or transferred
by any stockholder unless the said stock
shall have been first offered for sale to
the other stockholders at the same
price offered unto others, through writ
ten notice served unon the Prsident of
the company, and only upon the failure
or neglect of the other stockholders to
avail themselves, within ten days. of
such right to purchase, shall such stock
become transferable.
Artice ".
The business of this corporation shall
be managed aud all its corporate pow
ers shall be vested In board IF direc-
tors, composed of seven stockholders
to be elected annually on the first Mon
day in May, commencing with the year
Of 1909. At their first meeting in each
year, said board shall elect one of their
members as President, one as Vice
President and another as Secretary
Treasurer.
At all elections for directors, the
persons receiving the votes Of the ma.
jority of the stock present, or repre-
sented, shall be declared elected, and
at all meetings of the board OF directors
three shall constitute a quorum. Said |
board of directors shall have authority |
to I'LL all vacancies occurring in their |
own number by death, or resignation, or |
otherwise, and shall have full power to |
appoint such managers as may be |
Necessary for the proper government of
sbe affairs of the corporation, and the
same to dismiss at pleasure, and also
% make and establish, as we'll as change
md alter, at pleasure, all such by-laws,
.ules and regulations for the support
md management of the affairs of said
as they may deem ntces-
,ary; to borrow money, execute mort
,aees, issue bonds, make contracts.
md do all things necessary in the trans
Ictions of the business of the corpora
ion: to purchase and sell real es tate, as
llso to issue and deliver full paid shares
# the stock aud bonds or obligations OF
aid corporation, at not less than par,
or labor done, or money, property, or
lights, actually received by it.
Article v.
All elections for directors shall be
leld on the 1irst Monday in May of each
,ear. as above stated, commencing with
he year 1902. under the supervision of
hree commissioners, Of which elec
ion ten days notice shall be published
n paper published in the Parish of
# ST. Tammany. A failure from any
.ause to hold an election for directors on
he day above specified shall not dissolve
aid corporation, but those in office
hall hold over until their successors
hall have been elected, and another
election shall be called or held within
en- davs, OF which notice shall be pub
ished in newspaper published in said
oarfsh of st. Tammany.
Article vi.
This Act of Incorporation may be
Imended, altered, or changed, or said
may be dissolved at a
.ereral meeting of the stockholders
convened for that purpose, after fifteen
lays public notice in one of the news
,apers published in said Parish OF St.
rammany, at which meeting, the opin-
on of three -fourths of the stock pres
mt, or represented. shall prevail; and
u case of dissolution, the stockholders