St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1901-11-02
CHAR TER.

OH HARTER.
Uuited States of America, State of
Louisiana, Parish of St. Tammnay.
BE 1T KNOWN, That on this day, the
thirteenth Of the month of September,
in the year of our Lord one thousand
uine hundred and one, before me, H.
X. Warren, clerk of the District Court
and Ex-OMcio Notary Public for the
said Parish of St. Tammany, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the several persons
| whose names are hereunto subscribed,
who severally declared that, availing
themselves of the provisions of the laws
| of this State, they have covenanted and
agreed, and do hereby covenant aud
| agree, to form and constitute them
selves and their successors into a cor
poration for the following objects and
purposes, and under the following con-
ditions and stipulations, viz:
Article |.
Said corporation shall be known and
designated as: Southern Industrial In-
stitute, limited, and under said name
1t shall exist and enjoy succession for
term of ninety-nine years from this
date, and exercise and enjoy all powers
and privileges granted now or hereafter
by law unto corporations.
Its domicile shall be in Covington,
Parish of St. Tammany, Louisiana, and
all citations or other legal process shall
be served upon the President, or in
case of his absence, upon the Secretary
Treasurer.
Article II.
The purposes for which this corpora
tion is established, and the nature of
it's business, are declared to be the
manufacture and sale of boots, shoes,
articles of personal wear, household
furnishing goods, and all articles con-
nected with snch business, and also
the conduction of printing Office.
Article Ill.
The capital stock of this corporation
is hereby declared to be the sum
of fifty thousand dollars, divided
into or represented by two thous-
and shares of twenty five dollars
each. Said stock shall be sub
scribed for and paid in cash, and same
may be issued for property actually re-
celved or labor done for said COM
pany. Transfers of stock shall only be
made on the books of the company by
stockholder, in person or by proxy,
but none shall be sold or transferred
by any stockholder unless the said stock
shall have been first offered for sale to
~ SfnrEhn11nrc 0f hn
price offered unto others, through writ
ten notice served unon the President of
the company, and only upon the failure
or neglect of the other stockholders to
avail themselves, within ten days. of
such right to purchase, shall such stock
become transferable.
Artice ".
The business of this corporation shall
be managed and all its corporate pow
ers shall be vested in board Of direc-
tors, composed of seven stockholders
to be elected annually on the first Mon
day in May, commencing with the year
Of 1902. At their first meeting in each
year, said board shall elect one of their
members as President, one as Vice.
President and. another as Secretary
Treasurer.
At all elections for directors, the
persons receiving the votes of the ma.
jority of the stock present, or repre-
sented, shall be declared elected; and
at all meetings of the board Of directors
three shall constitute quorum. Said
board of directors shall have authority
to I'LL all vacancies occurring in their
own number by death, or resignation, or
otherwise, and shall have full power to
appoint such managers as may be
necessary for the proper government of
the affairs of the corporation, and the
same to dismiss at pleasure, aud also
to make and establish, as well as change
and alter, at pleasure, all such by-laws,
rnles and regulations for the support
and management of the affairs of said
corporation, as they may deem neces-
sary: to borrow money, execute mort
cages, issue bonds, make contracts,
and do all things ccssary in the trans
actions of the business of the corpora
ton: to purchase and sell real estate, as
also to issue and deliver full paid shares
of the stock and bonds or obligations OF
said corporation, at not less than par,
for labor done, or money, property, or
rights, actually received by 1t.
Article V.
All elections for directors shall be
held on the 1irst Monday in May Of each
year, as above stated, commencing with
the year 1902. under the supervision Of
three commissioners, of which cleo
ton ten days notice shall be published
in a paper published in the Parish of
of St. Tammany. A failure from any
cause to hold an election for directors on
the day above specified shall not dissolve
said corporation, but those in Office
shall hold over until their successors
shall have been elected. and another
election shall be called or held within
ten dave, nf which notice shall be pub
lished in newspaper published in said
Parish of St. Tammany.
Article vi.
This Act of INCORPORATION may be
amended, altered, or changed, or said
corporation may be dissolved at a
general meeting of the stockholders
convened for that purpose, after fifteen
days public notice in one of the news
papers published in said Parish OF st.
| Tammany, at which meeting, the opin-
| ion of three-fourths of the stock pres
| ent, or represented, shall prevail; and
| in case Of dissolution, the stockholders