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

ner already provided for above. Every
Board OF Directors shall elect a Presi.
dent and Vice President from among
their own number, and they shall also
elect q Treasurer and Secretary, who
may or may not be a 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 olher en-
ployees, fix and determine their salaries,
terms of office, with the right 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, sub
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.
tications during said time. Whenever
this corporation is dissolved, either by
Limitation or from any other Cause, it's
affairs shall be liquidated under the
of three commissions
ers chosen for that purpose from among
the stockholders by majority of stock
present or represented at Il general
meeting of the stockholders convened
for that purpose as above set fourth in
this article. Said commissioners shall
remain in Office until the affairs of the
corporation shall have been fully liqui-
dated. Should q vacancy occur in said
Board OF Commissioners the survivors
or survivor shall continue to act.
Article TX.
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
any informalitv in organization render
this charter null or expose y stock
holder to any liability beyond the I'M
paid balance, if any, of his stock.
Thus done and passed in my notarial
office in the town of Covington, on the
day, month q q year herein first above
in the presence of Julian H.
Smith and W. II. Galloway, competent
Of lawful age and residing in
this Parish and State, who hereunto
signed their names, together with said
parties and me, notary, after due read
ing of the whole.
Originally sigIed:
Henry J. Smith
G. r. TOlson.
Bertrand Labat.
Christine Beck.
Emile Beaucoudray.
Joseph B. Lancaster.
E. E. Smith,
Witnesses:
Julian H. Smith.
w. H. Galloway.
JOSEPH b. LANCASTER,
Notary Public.