St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-03-30
Article v.

shall be exercised by . Board Of Dtrec-
tors, composed or eleven stockholders
owning at least ten shares of stock each
Of the association; said directors to be
elected ut . general meeting convened
for that purpose on the first Tuesday OF
JannarY, each year, commencing ON the
first Tuesday of January, 1902; notice
of such meeting shall be published in
. newspaper of st. Tammany and
Washington Parish, for the space Of
ten days Immediately proceeding said
election; said election shall be by ballot
ct the domicile Of this corporation,
under the supervision Of three commits
sioners, stockholders appointed bv the
Board of Directors at the last proceed
ing meeting; each share Of stock IL en-
titled to one vote, and the stakeholder
receiving majority of the votes cast
shall be elected; failure to hold an elec-
tlon on the day specified shall not dis
solve this corporation, but the Direc-
tors In Office shall hold power until m
election be held after ten days notice Of
the time and place thereof; the Direc-
tors shall elect from their number .
President aud Vice President; . ma
iority of the Directors shall be quorum
Tor the transaction of business; all W.
cancies shall be filled by the remaining
members of said Board Of Directors;
the Directors shall select and appoint .
Secretary, . Treasurer, an Attorney, q
Notary and such other officers IS shall
be necessary, but no salary shall be paid
except to the Secretary; the Directors
shall have power to make bylaws, to
select place of meeting, to suspend
any and all officers and have general
authority to carry out the objects and
business of the a->.pciatiOn. hut they
shall not have power to- purchase real
estate except for cash, nor contract any
Indebtedness in excess of amount OF
cash ON hand. The following named
persons shall constitute the Board Of
Directors to serve until the regular
meeting in January, 1902, or until their
SUCCESSORS are elected, to-wit: James
n. Thompson, H. II. Warren. Il. J.
Frederick. C. 3. f BabingtOn, J. s.
Jones. +. w. Hosmer, C. z. Williams,
NJ. G.. Day, II. u Bickham, H. J. Smith
and 5. ID. Bulloch.
Article vi.
The members of this association shall
be residents Of the United States. MI
nors may hold stock, through their tu'
tors, aud women In their own right
All applications for membership shall
be subject to the approval of the Board
of Directors.
Article VII.
All transfer Of stock shall be made
ON the books of the association pro
yided the new stockholders are accept
able to the Board Of Directors. Any
such new members to sign the charter
n Al original member No share TO n
transferred until the payment Of twenty
ave cents by the transfereo Of each
share transferred. duplicate certid
| Gates may be issued for lost certificates
in such manner as may be provided il
the bylaws.
Article VIII.
| No stockhOlder shall ever be held
liable for more than his unpaid balance
ON his stock, nor shall any mere inf0r
mality In organization have the efIec
of rendering this charter null, or of ex
posing a stockholder to any lia6ilit!
beyOnd the amount of his stock.
Article IX.
| The cha. ter can be altered, amended
or modified, or this corporation dis
solved by vote of three-fourths Of the
capital stock represented ut Z genera
meeting convened for that purpose
after ten days notice published In ,
newspaper In st. Tammany and Wash
ington Parish.
| Article X.
Special meetings of the stakeholder.
shall be convened At the request, II
writing, Of ten stockholders stating th'
time and object Of such meeting.
Original Signed:
C. Z. Williams rs shares, II. X. War.
rem 10, J. S. Jones 20, Thos. M. Burns
10, r. Il. Brewster 10, M. C. Day 10
E. ]. Frederick 10, +. W. H0smer 10
L. r. Hoemer 10, C. 3. E Darlington 10
H. ID. Bickhsm 10, ]. L. Watkins 10
w. ]. Warren 10, v. II. Frederick
J. Stern 10, Ed. ]. Richard 5, G. H
Bickham 10, James N. Thompson %
p. J. Labordc 10, Mrs. Eug. e. Smith
10, H. J. Smith 10, Jno. T. Stroble 10
l. Roubion 10, N. NJ. Hebert 5, N. G
Pearsall 10, C. X. Mullings 10, Mrs. G
| Levy l, v. Plauche 8. Emile BeaucOu
dray 2, Misses L. and r. Beauc0udrs,
2, Robt. Badou 1, >. ID. BuliOch 10
Z. J. Domergue Jr. 10, J. E. Nilsson