St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-09-28

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composed # three stockholders. which
| number may he ir creased to five ut the
discretion, of the koar,l D Directors
No person shall br eligible & q director
or officer as herein provided in, this
| charter, who is not stakeholder of this
CORPORATION. The members of the Board
Of Directors shall be elected by ma
jority of tie votes of the stockholders
cast ut meeting to be held for that pur-
pose each year. The following parsons
shall constitute the first Board o. Di-
rectors: G. G. Blake, L. s. HeidelLach
and X. @. Penn. Sid Board shall con-
time in Office until Wednesday,. August
2lst 1902. or until their Successors are
elected. On Which date and thereafter
annually an election for Directors shall
| be held at the Office .. the CORPORATION
after fifteen days notice thereof shall
have been given by publication III one
o. the newspapers published ju the
Parish Of st. Tammauy by two publ
catious thereof during said time. A
failure to elect directors on the date
above mentioned Shall not dissolve this
corporation. but, the then existing Board
of Direc tors shall continue to hold office.
and another election shall be held us
soon thereafter as practicable, Of which
notice shall be given il the manner III.
ready provided tor notice Of meetings.
| Every Board OF Directors sllnll elect a
| Prcsi dent, and a Vice President, who
| sl.ail also be I reasrrer of said corpora
ton. from among their own number.
| Tie offices as herein created shall he
| filled Tor the ensuing year 81; follows:
f. :. HeidelLach,. President; G. G. Blake,
| Vice President and Treasurer.
Article VIII.
ANY vacancy occurring in the Bossrd
of Directors FROM any CAUSE shall he
filled by the remaining members OF the
board of Director from among the
stockholders Of the corporation. Two
III embers of the Board SHALL constitute a
y,ded by the Board Of Directors The
Beard OF Directors shall make ST., II by
laws, rules and regulations us they may
think necessary ana change and alter
same at pleasure. Name and appoi IT
| the secretary aud other officers and eHl-
:loyees, and fix their salaries, terms of
service. with the right to dismiss them
at said Boards pleasure; and sail Board
shall have the right 20 fix and determine
the salaries and duties Of the several
officers herein provided for and ascribe
such ether duties to aid officers Us will
best subserve the interest and welfare of
the corporation. They shall also have
the power to sell, convey. mortgage,
pledge. leasa. #ub-lease and purchase
property, movable, immovable, personal
and mixed, borrow, lend money and
Issue notes and bonds; make contracts
aud do all things which may be neces-
sary to properly transact and manage
the business of the desperation.
Article IX.
Ills act of incorporation may be
changed. modified or amended, or said
corporation may be dissolved with as
sent of II majority of the amount Of
stock present or represented at any
general neetin;, of tho stockholders Of
said corporation, convened for such
purpose after thirty day $ rrevious notice
OF such meeting shalt have neen given
bv ADVERTISEMENT in one OF the news
papers published in the Parish of ST
iar,r,ai,y by four publ ,cntions during
said time Whenever this corporation
is dissolved. either by limitation or from
any other cause, its affairs shall he
liquiiate.l under the superinten dance
OF two com :,l,ssioneis, chosen for that
purpose from among the stockholders
by majority in amount OF the stock
holders present or represented ut Il
general meeting of the stockholders as
above set forth in this article. said
commissioners shall remain in ofiice
until the affairs of the corporation sl.ll
l4aye Leen fully ljquidated. Should a
vacancy occur in said commissioners,
the survivor shall continne to act
Article x.
No stockhplder Of this corporation
shall ever be held liable or responsible
Tor the contracts or faults thereofin any
farther sun than the unpaid balance
due the corporation OH tie shares sub
scribed for or owred by hin. nor shall
any iniorma!i,s in organization hare
effect Of rendeii, & this cla-ier nall. or
exposing IL stakeholder 10 my l.n.,:li's.
beyond the ln,mi.t balance. it any. Of
his stock.
Thus done and passed in my I:otarini
Office, in the town oi tuvjngton. St
Tamr,any Parish, Stats OF l.oui aAa:la. on
the day, month and yenr herrii. first
ABOVE Written, III Cdc pIGseHSe ~ vi
liam ". Talley AMI Victor Planch-,
competent witnesses Of lawful age. and
residents If said parish, who sht rem o
sign their re,nes together with saia
parties, and nle. hu'a-y, alter rea-iiig
Of the whole.
Original signed.
f. $. Heidelbach.
Z. G.. Penn,
per F. 5. IL i''elblcb.
G. c. Blake.
Attest: