St. Tammany farmer., 1901-04-06

StOCk.0OlOeES 0OO OF Tue 8S0OCI0tIOUs
In the case of dissolution or termina-
tion of the charter from any cause, the
association shall be liquidated by three
commissioners, at least one of whom
shall be 4 borrower, selected by the
Board of Directors from among the
stock holders. said commissioners to
have power to I'LL vacancies In their
number by selecting from the stock
holders anyone eligible under the
charter rs q director.
Article v.
All the powers of this corporation
shall be exercised by . Board Of Direc-
tors, composed or eleven stockholders
owning at least ten shares of stock each
of the association; said directors to be
elected at . general meeting convened
for that purpose on the arst 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
at the domicile of this corporation,
under the supervision Of three commits
sioners, stockholders appointed BY the
Board of Directors at the last proceed
ing meeting; each share Of stock is en-
titled to one vote, and the st0ckholder
receiving = majority of the votes cast
shall be elected; failure to hold An elec-
tion on the day specified shall not dis
solve this corporation, but the Direc-
tors In Office shall hold power until an
election be held after ten days notice OF
the time aud place thereof; the Direc-
tols shall elect from their number
President and Vice President; . ma
jority Of the Directors shall be quorum
for the transaction of business; all va
cancies shall be filed by the remaining
members Of said Board Of Directors;
the Directors shall select and appoint .
Secretary, Treasurer, IN Attorney, .
Notary and such other officers as 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 association. but they
shall not have power t" 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
NJ. Thompson, H. X. Warren. Il. J..
Frederick, c. ). Z Darlington, j. S.
Jones, +. w. Hosmer, C. z. Williams,
NJ. G. Day, II. u Bickham, II. ]. Smith
and s. ID. Bulloch.
Article vi.
The members of this association shall
be residents Of the United States. Mt
nors may hold stock, through their tu-
tors, and 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-
vided the new stockholders are accept
able to the Board of Directors. ANY
such new members to sign the charter
as an original member. No share to be
transferred until the payment of twenty
i've cents by the transferec of each
share transferred. Duplicate certid
Gates may be issued for lost certificates,
In such manner as may be provided In
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 effect
Of rendering this charter null, or Of ex-
posing q stockholder to any liability
beyond the amount of his stock.
Article IX.
The chal ter can be altered, amended,
or modified, or this corporation dis
solved by vote of three-fourths Of the
capital stock represented at Z general
meeting convened for that purpose,
after ten days notice published In q
newspaper in st. Tammany and Wash
ipgton Parish.
Article X.
Special meetings Of the stockholders
shall be convened Al the request, In
writing, Of ten stockholders stating the
time and object Of such meeting.
Original Signed:
C. z. williams % shares, H. II. War
rem 10, J. S. Jones 20, Thos. M. Burns
10, T. Il. Brewster 10, M. C. Day 10,
Z. J. Frederick 10, F. W. Hosmer 10.
L. r. Hosmer 10, c. 3. + Babin9ton 10,
H. D. Bickham 10, ]. l.. Watkins 10,
w. J. Warren 10, v. H. Frederick 5,
J. Stern 10, I'd. J. Richard 5, G. H.
Bickham 10, James n. Thompson 90,
r. J. Labordc 10, Mrs. Eug. z. Smith
10, H. J. Smith 10, Juo. T. Stroble 10.
L Roubion 10, N. NJ. Hebert 5, N. G.
Pearsall 10, C. X. Mullings 10, Mrs. G..
Levy /, v. Planche 8. Emile Beaucou-
drsy 3, Misses L. and K. Beaucoudray
2, Robt. Badon l, y. ID. Bull0ch 10,
4. J. Domergue Jr. 10, J. 3. Nilsson 5.