St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-12-28
Article Ill.

This Corporatioe may sue or be sued
in it's Corporate name, make and use a
Corporate seal. to break and alter at
pleasure, hold, have, receive, purchase,
convey. sell, mortgage, hypothecate,
pledge, lease, sub-lease AMI enjoy real,
personal and mixed property, also to
borrow and lend money and to make
contracts. make and establish such by
laws. rules and regulations as may be
necessary, and at the same time alter and
change them ut pleasure, and shall pos
sess all rights and privileges to which
corporations are or may be authorized
and entitled to possess.
Article ".
The capital stock OF this corporation
shall he Fifteel Thousand Dollars, di-
vidcd into and represented by three
thousand shares, of the sum of five dol.
lars per share, payable in such a man.
.ner AZ the Board of Directors may de-
terminc. All shares of stock issued
shall be signed by the President and
Secretary.
At all elections by, or meetings of
the stockholders, each share of stock
shall he 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 autho-
rized to thateffect in writing.
Article v.
No stakeholder shall have the author
ity or the right to sell or otherwise dis
pose of his stock in whole or in part
without first giving to the President of
this corporation ten days notice in
writing Of his desire or intention to
dispose of his stock or portion there
of, and allowing the stockholders the
first opportunity to buy said stock at
the same price offered by others, and
upon failure or neglect of the other
stockholders to avail themselves within
the said ten days. of the right to pur-
chase, the said stock may then be sold
in open market.
The stock of this corporation may be |
transferred under the above conditions,
provided such transfer be made on the |
books OF the corporation at it's Office |
IN Coyimgton. st. rammany Parish, this |
State, and on the surrender of the !
certificate therefor. No transfer of
any fractional part Of share shall be |
bDAtVs Sol Stldlt COuI.
meDce doing business as soon as five |
thousand dollars of its capital stock |
shall have been subscribed for. The |
Board of Directors shall have the right |
and authority to determine how much |
stock shall be issued.
Article vi.
The business affairs and corporate
powers of this corporation shall be in
vested In and transacted by Board of
Directors composed of nine stock
holders, five of whom shall constitute
quorum. No person shall be eligible
rs director or officer as herein pro.
vided in this charter, who is not
of this corporation. The
members of the Board of Directors
shall be elected by majority of the
rotes Of the stockholders cast ut a
meeting to be held for that purpose
zach year. The following persons shall
constitute the first Boaad of Directors:
j. Smith, DR.. G.. Il. Tolson. II.
.aroussini, Il. F. Limongi. Sandy y.
3nlloch, Joseph b. Lancaster, +, 4.
smith, w. ]. Warren and Bertrand
.abat, with the said II. j. Smith as
resident, DIR. G. Il. Tolson as Vice
Sandy d. Bulloch as Treas
lrer, and Joseph Il. Lancaster as Secre-
ary; which said Board Of Directors
nd officers shall continue in Office until ! {
he first Monday in December, 1902. or
ntil their successors are elected. On
Which date and annually thereafter an J
lection for Directors shall he held at the
itice Of the corporation after fifteen
aysnoiice thereof shall he given by pub !
|catit,n in one Of the newspapers pub
shed IL The Parish at ST. Tammany by $
We publications thereof during SAID 3
lsne. Z IL " !
4 failure to elect Directors on the
ate above me nti0ned shall not dissolve y
lis. ltpOratiOs, Unit { ,e then existing a
oani OA DirectOrs shall continue inf
nee snsI anothsf election shall bs held G
& xt,llu theEeaft hex as practicable, of 4
kich sct1 shall u given. IL the lnaa- \