St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-12-21
lished in the Parish of ST. Tammany j
two publications thereof during saiu

lished in the Parish of st. Tammany i !,
two publications thereof during sal,
f time.
A failure to elect Directors on t.,
date above mentioned shall not dissolv.
this corporation, but the then existing
Board of Directors shall continue il
office and another election shall b. Ielc
as soon thereafter as practicable, ri
which notice Shall be given in the man
per already p:ovided for above. Ever,
Board of Directors shall elect Presi
dent aud a Vice President from anon.
their own number. aud they hall also
elect Treasurer and Secretary, who
may or may not BE- Il member of the
Board of Directors.
Article VII.
ANY vacancy occurring in the Board OF
Directors from any cause shall be filled
by the remaining members of the Board
of Directors from among the stock
holders of the corporation. The Board
of Directors shall make such bylaws,
rules and regulations as they may deem
necessary. and change and alter same
! At pleasure; and shall have full power
to appoint such managers or other en-
ployees, fix and determine their salaries,
terms of office, with the rig hit to dis
miss them at said Boards pleasure;
and said Board shall have the right to
| fix and determine the salaries and
duties of the several officers as herein
provided for as will best subserve the
interest and welfare of this corporation.
They shall also have the power to sell,
convey, mortgage, pledge. lease, SUBJ
lease, and purchase property, movable
and immovable, personal and mixed;
borrow, lend money. issue notes and
bonds; make contracts and do all things
which may be necessary to properly
transact aud manage the business of
the corporation.
Article VIII.
This act of incorporation may be
changed. modified or amended, or said
corporation may be dissolved with the
assent of three-fourths of the stock
present or represented at any general
meeting Of the stockholders of the cor
poration convened for such purpose,
after thirty days notice of such meeting
shall have been given by advertisement
in one of the newspapers published in
the Parish of St. Tammany by four pub.
LEGATIONS during said time. Whenever
this corporation is dissolved, either by |
Or from any other Cause, its |
affairs shall be liquidated under the |
of three commission |
ers chosen for that purpose from among |
the stockholders by Il majority of stock |
meeting of the stockholders convened |
hat
this article. Said commissioners shall
in Office until the affairs of the
shall have been fully liqui-
dated. Should a vacancy occur in said
Board OF Commissioners the survivors
or survivor shall continue to act.
Article TX. T
No stakeholder of this corporation
shall ever be held liable or responsible
Tor the contracts or faults thereof in any
further sum than the unpaid balance
due the corporation on the shares sub
scribed for or owned by him, nor shall
my informalitv in organization render
this charter null or expose stock.
holder to any liability be, ond the I'M
paid balance, if any, Of hi, stock. !
Thus done aud passed in my notarial
office in the town Of CovingtOn, on the
lay, month AID Year herein first above
written, in the presence of Julian H.
Smith and W. H. Galloway, competent
witnesses CT lawful age and residing in
his Parish and State, who hereunto
signed their names, together with said
parties and me, notary, after due read
ng of the whole.
Originally sighed:
Henry j. Smith
6 Il. Tolson.
Bertrand Labat.
Christine Beck.
Emile Beaucoudray.
Joseph B. Lancaster.
4. E.. Smith.
Witnesses:
Julian H. Smith.
w. H. Galloway.
Jo.ErH b. LANCASTER.
Notary Public.