St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-09-14
Article III,

dent shall bt. the executive officer of
the corporation, and shall preside ut all
the meetings of the Board of Directors
and stockholders.
Article Ill.
The objects and purposes for which
this corporation is established and the
nature of the business 10 be carried on
by it ave. hereby declared to he: To
make and manu- facture lumber ard all
articles OF wood and wOOdeE ware, and
to construct same, and to that end to
acquire. own, hold or lease lands, tim
Der and lumber and the products of the
same; to acquire, own, hold or lease,
and to operate saw mills or other man
ufactories of lumber or articles of
wood or wooden ware, and the macllin-
cry or other articles, appliances or out
Ats necessary to operate the same; to
sell, mortgage, pledge, lease, suitcase,
or otherwise dispose or cucumber the
property, real and personal or mixed of
the corporation or the products there
of, and do all such acts and things as
may be necessary or proper to carry
out the objects and purposes Of this
corporation.
Article Nv.
This corporation may sue or be
sued in its corporate name; make and
use corporate seal, the same to break
and alter at pleasure; hold, have, re-
ceive, purchase, convey, sell, mortgage,
hypOthecate, pledge, lease, sub-lease
and enjoy real, personal and mixed
property; also borrow and lend money
an n tp<1 tyn nd ckAt
lish such bylaws, rules and regulations
as may be necessary, and the same to
alter and change at pleasure; and shall
possess all the rights and privileges to
which corporations are or may be
authorized and entitled to possess.
This corporation may exercise Its cor
porate powers within any other State
or territory of this Union.
Article V.
The capital stock of said corporation
shall be Fourteen Thousand Dollars,
divided into and represented by One
Hundred and Forty Shares, of the sum
CT One Hundred Dollars Each, which
said stock shall be paid for in cash, at
the time of subscription, or the same
may be Issued, at not less than par, in
payment or exchange for property or
rights actually received or purchased
by said corporation, or the same may
be issued full paid. for money advanced
and for such other valuable considers
tlon or service as the Board :of Direc-
tors of fafd corporation may determine,
provided, that no stock shall be issued
until consideration therefor has been
received by said corporation Said
shares of stock shall be signed by the
President and Treasurer. At all cleo
tons by or meetings of the Stockhold-
ers each share of Stock shall be entitled
to one vote to be cast by the person in
whose name the stock appears on the
books of the corporation or by his agent,
or proxy, duly authorized to that effect
in writing. =.
Article vi
Nc stakeholder shall have authority
or right to sell or otherwise dispose Of
Iris stock III whole or in Fart W ,tl,out
first giving to the Board Of Directors if
teen days notice in writing, Of his inten-
ton or desire TO dispose of his stock OF
Il Fart thereof and allowing the Boar.l of
Directors or in its default any stock.
holder The irst opp ortunity o: purchas-
ing said stock. after which fifteen days |
The suid stock may be sold in opt n
market. The stock of said corporation |
may lie transferred uuder the above |
provided such transfer there
Of be made on the books of said corpo-
ration ut its office in Pearl River, this |
State, and on surrender of the certit-
cate therefor. No transfer cf any fac
iona. part Ut share shalt be made
This tor;,orati,n shall com memo. doing
business Al .o"n rs seven Thousand dol
lars of the ca. ital stock shall have been
subscribed for. The i'oasd of Directors
hall have the right to determine how
nucl, stock s,;aN he issnetl.
Article VII.
The business affairs AID cor, .or,te
lowers of this corporation snail be
by !;oarA III Directors to I've
If three stockholders. which
number may he i, creased to ave vt the
discretion Of the board 0 Directors.
10 person shall he eligible a n director
r officer ~ herein provided in this
;harter, who il not stocknclder nf this
the members ot The Board
i Directors shall be electe.l by ma.
UINy IA Luo SVSSH W. iuo otOCNuvAsNAH |
asst at meeting to be held for that pnr.
use each year. The following parsons
hall constitute the first Board Of Di-
ectOrs: G. &. Blake, T.. y. H4idelLach
h.l Il. q. Penn. : id Board shall con.
inue in Office until Wednesday,. august
Isl 1902. or until their SUCCESSORS are
icct-tl. On which, DIT. and thereafter
an election for Directors shall
70 held at the Office o: the cor poratior
fter fifteen days notice thereof shall
ave been given by publication in one
+ the newspapers published in the
'arish Of st. T"mmany by two publ
atoms thereof during said time. A .
allure TO elect directors on tho date
bow. m mentioned shall not dissolve this
but, the then existing Bo"rd
I Direc tors shall continue to hold Office.
nd another election shall lie hell as
oon The reaftsr m practicable, Of which
Office shall be given il: the m"nper al
eddy provided tor notice Of meetings. c
very ;oard of Directors shall elect 4
resi- dent. and Vice President, who =
hail also b. lreasu eer of said corpora Z
on. from among their own number.
he Offices as herein created shall be
lied for the ensuing year Il; follows: .
!. =. Hei1cibach. President; G. q. Blake.
ice PRECEDENT and Treasurer.
Article VIII.
Any vacancy occurring in the Board il
I Directors trou any cause shall be A
i1a1 hr tho reOAininp members of the 4