St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-01-04
CHARTER.
United States Of America, State Of
Louisiana, Parish of st. Tammnay.

lay of December, in the year of Our
Lord one thousand nine hundred and
me, and of the Independence of the
United States of america the one hum
lred and twenty sixth, before me,
Joseph Bradford Lancaster, notary
public in and for the Parish of st. Tam
many, State of Louisiana, duly COM
mlssioned and qualified, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the parties whose
names are hereuntO subscribed, all OF
full age, who declare that availing them
selves of the provisions of the laws re-
lative to the organization of corpora
lions for manufacturing purposes, they
have covenanted and agreed and by these
presents do covenant and agree and
bind themselves, as well as such other
persons as may hereafter become associ-
ated with them, to form and constitute
a corporation ard body polite in law.
for the purposes and objects and under
the stipuIations, articles and conditions
following, to-wtt:
Article l. |
The name and style of this corpora
ton shall be THE PEOPLES
GINNING AND ICE MANU-
FEATURING COMPANY, and
by that name it shall have the power
and authority to exist and enjoy sue
cessi0n for the full term and period OF
ninety-nine years from date hereof un-
less sooner dissolved. The domicile of
this cooperation shall be in the town of
Covington, Louisiana. All citations and
other legal processes shall be served up
on the President, and in the case OF his
absence or inability to act, upon the
Vice. President, and in the event of the
absence or inability of both said OFF,
GERS, then upon the Secretary.
Article IL.
The objects and purposes for which
this cooperation is established and the
nature of the business to be carried on
by it are hereby declared 10 be: 10
make and manufacture ice. gin cotton,
mill corn and other cerials and to do
general milling business, and to that
end acquire, own, hold or lease lands,
to acquire. own. hold or lease and to
operate ice factories, gins, grist and
other mills, and the machinery or other
articles, appliances or outfits neces'
sarv to operate same and to do every
thing incidental thereto, to sell, mort
gage, pledge, lease, suitcase or other
wise dispose OF incumber the prop
erty, real, personal and mixed OF the
Corporation or the products of the
same, and do all such ats and things
as may be necessary or proper to carry
out the objects and purposes OF this
Corporation
Article I'LL.
This COrporatiOe may sue or be sued
in its Corporate name, make and use
Corporate seal, to break and alter at
pleasure, hold, have, receive, purchase,
convey, sell, mortgage, hypothecate,
pledge, lease, sub-lease ami enjoy real,
personal and mixed property. also to
borrow and lend money and 20 make
contracts, make and establish such by
laws. rules and regulators as may be
necessary, and at the same time alter and
change them at pleasure. and shall pos
sess all rights and privileges to which
corporations are or may be authorized
aud entitled to possess.
Article ".
The capital stock OF this corporation
shall be Fifteen Thousand Dollars, di-
vided into and represented by three
thousand shares, of the sum OF five dol.
lars per share, payable in such a man
ner as the Board of Directors may de-
termine. All shares of stock issued
shall be signed by the President and
Secretary.
At all elections By, or meetings OF
the stockholders, each share of stock
shall be entitled to one vote to be cast
BY the person in whose name the stock
appears on the books of the corporation
or by his agent or proxy duly autho-
rized to that effect in writing.
Article V.
No stakeholder shall have the author
ity or the right to sell or otherwise dis
| pose of his stock in whole or IN part
without first giving to the President OF
this corporation ten days notice IN
writing of his desire or intention to
dispose of his stock or portion there >
of. and allowing the stockholders the
first opportunity to buy said stock at
the same price offered by others, and
upon failure or neglect OF the other
stockholders TO avail themselves within
the said ten days. of the right to pur-
chase. the said stock may then be sold
in open market.
The stock of this corporation may be
transferred under the above conditions,
provided such transfer be made on the
books of the corporation at It's ONCE
in Covington, st. rammany Parish. this
State, and on the surrender OF the
certificate therefor. No transfer OF
any fractional part Of a share shall be
made. This corporation shall COM
mence doing business as soon as nve
thousand dollars of its capital stock
shall have been subscribed for The
BOARD of Directors shall have the right
and authority to determine how much
stock shall be issued.
Article vi.
The business affairs and corporate
powers of this corporation shall be IN
vested in and transacted by Board Ot
| Directors composed OF Zine stock
holders, five of whom shall constitute
quorum. No person shalt be eligible
AZ a director or officer as herein pro-
yided in this charter, who is not =
stockholder of this corporation. The
members of the Board of Directors
shall be elected by majority OF the
votes of the at ckbOlders cast ut a
meeting to be held for that purpose
each wear. The following persons shall
constitute the first Boaad of Directors:
H. j. Smith, DR.. G. n. T"lson. H..
Larous.ini, Il. +. Limongi. sandy d.
lsulloch, Joseph b. Lancaster, u H..
Smith, w. !. Warren and Bertrand
Labat, with the said II. j. Smith as
President. DIR. G. Il. TolsOn as Vice
President, Sandy ID. Bulloch as Treas
nrrr. and Joseph Is. Lancaster rs Secre.