St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-10-04
CHARTER.
CONVICTION SANITARIUM AND
HOTEL COMPANY, LIMITED

CONVICTION SANITARIUM AND
HOTEL COMPANY, LIMITED
United States of America, State of
Louisiana, Parish of St. Tammany,
Town of Covington.
BE IT KNOWN, That on this LIST
day of September in the year of our
Lord, one thousand nine hundred aud
two, and of the Independence of the
United States of America the one hun :
dred and twenty-seyenth, before me, II.
4. Warren, Clerk of Court and EXOtticiO
q Notary Public in and for the Parish of
st. Tammany, La, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
DR.. George X. Pratt, and Nicholas Bow.
ling residents of the city Of New Or
leans, and DIR. Frank G. MarFero, Will
liam p. Ames aud H. X. Warren, resi-.
dents of tie Parish Of St. Tammany,
Louis H. Marrero, Jr., resident of the
Parish Of Jefferson and Albert Eslopi-
nal, resident of the Parish of st. Bernard
who declared that availing themselves
of the provisions of the laws of the
State of Louisiana for themselves, their
successors AMI assigns, they do hereby
form themselves into 4 corporation rs
follows:
Article l.
The name and title of SAID corpora
ton shall be the CONVICTION SAM
TARIUM AND HOTEL COMPANY
LIMITED. and its place of domicile
shall be in the town of Covington. in
the Parish of st. Tammany, Stale OF
Louisiana. Said Corporation shall ex-
list for term of ninel nine years un-
less sooner dissolved BY vote of two
thirds of the stock, ut IL meeting speci-
ally called for that purpose.
Article IL.
The objects and purposes of this Cor;
poration are declared to be to build,
furnish, equip, manage and operate q
Sanitari UNI and Hotel in the Parish of
St. Tammany. for the attraction Of the
public and it's comfort, pleasure and
amusement, and it shall have power, to
hold, receive, have. purchase, improve,
ALLEVIATE, convert, sell, borrow, pledge,
mortgage and hypothecate under its
said corporate name property. real per-
sonal and mixed. And it shall have
power to lease, and rent property, real
and personal. and pledge and hypOthe-
cate, to- name and appoint such manag
ers, directors. officers or agents as the
interest of said corporation may require
and to establish such bv laws, rules and
regulations for the proper management
of the officers of said corporation as
may be necessary and proper, and the
same to alter at pleasure; aud generally
to do and perform all such acts as may
be proper and necessary to carry out
and execute the purpose of this corpo-
ration.
Article III.
Section 2. The election shall be by
ballot and held at the office If the Cor
under the supervision of three
commissioners to be appointed by the
Board of Directors; ten days prior no.
tice of said election shall be givhn by
publication in a daily paper published
in the Parish of st. Tamm ny. Should
there be no dolly paper published in the
Parish of St. Tammany said notice shall
be published by two Insertions IN an,
weekly newspaper published in said
Parish. Each share of stock shall be
entitled to one vote cast either by the
owner or by proxy, and majority of
the votes cast shall elect.
Section Failure to elect Directors
at the time of regular meeting fixed
herein for the election of Board of
Directors shall not dissolve the Corpo-
ration, but the Board of Directors shall
issue call by publication for another
and in the event that 1nder the
next call new Board Of Directors be
not elected, the then Board of Dlrec-
tors shall serve until their successors
are duly elected and qualified.
Section 4. Vacancies occurring in the
Board shall be filled by the remaining
Directors and three 90 Directors shall |
constitute quorum for the transaction
Of business. At the first meeting fol-
lowing each election. the Board Of d.
rectors then elected shall elect one of
their number to be President, one Vice |
President, one SECRETARY, one Treas
urer, or one of their number to be both |
Secretary and Treasurer and one Man
ager. And the Board of Directors may
appoint from time to time aud dismiss
at pleasure such clerks, agents or other
employees as may be deemed necessary
bv them for the purposes and business
of the Corporation. They shall have
power to do any and all acts proper,
necessary and incidental to the con-
duct Of the business of the Corporation;
may make, and from time to time,
amend such bylaws, rules and regula-
tons as they may deem proper for the
conduct and management Of the busi-
ness Of the Corporation, and shall have
power and authority to contract debts,
borrow money, issue notes, bill of ex-
change, acceptance of bonds, and exc
The capital stock of this Corporation
is hereby fixed at the sum of Two Hun
dred Thousand Dollars (52OO 600 OO)
by Two Hundred Thousand
(2OO,OOO Shares, of the sum of One
Dollar ($1.OW each, to be paid for in
cash or ten per cent monthly. Stock
may be issued in return for the labor
done, money or property actually re-
ceived, or services rendered.
This corporation shall commence
business as soon as Five Thousand
(f5 ,OOO) Dollars OF stock shall have been
subscribed for. Transfer of stock shall
be made only on the books of this Cor.
poration subject to such rules and
regulations as the Board of Directors
may prescribe.
Article w.
Section l. All of the corporate powers
of this corporation shall be vested in
and exercised by Board of Directors
to lie composed of not less than three
nor more than fifteen stockholders, each
of whom shall hold at least Five Hun
dred Shares Of Stock, and shall be
elected and hold Office for four years,
and who shall be elected on the second
day of January of every fourth year, to
begin with the year 1906.
The following named persons have
been chosen as the first Board of Di-
rectOrs. to serve until their successors