St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-07-12
United States of America, State OF
Louisiana, Parish of st. Tammany.

and BODY pOllClc III law, LOT tHe
objects and purposes and under the
agreements and stiipulations following,
,o-wit:
ARTICLE
The name and style OF this Corpora
ion shall be COVINOTON LUMBER
AND MANUFACTURING COMPANY,
and by that corporate name |
said Company shall have power and
authority to have and enjoy succession
Tor the period of fifty (5O years; to con-
tract, sue or be sued in its corporate
name; to make and use corporate seal;
to hold, have, purchase, convey, mort
gage, hypothecate, lease, receive or
pledge property both real and pelsonal;
to lend or borrow money on mort
gage or otherwise; to have and
employ such managers, directors, OIL
GERS, agents and other employees as the
interest and convenience of said corpo
ration may require, and to make and
establish such by laws, rules and regu-
lations for the management and control
of the affairs of said Corpor alton as may
be necessary.
The domicile ofsaid corporation shall
be in the town of Covington, St. Tam
many Parish, La, and all citations and
other legal process shall be served on
the President, and in his absence, on
the Vice President OF said Corporation.
ARTICLE Ill.
The objects and purposes for which
this Corporation is formed, and the ma
ture CT the business to be carried on by
it, are declared to be; to run and operate
q mill or mills in the Parish OF st. Tam
many, or elsewhere, for the manufacture
and sale of lumber, laths, shingles,
mouldings, sash, doors, blinds, furniture,
wooden ware, and other articles that
may be manufactured from wood; to
lease, buy and cell timber and timber
lands and other real estate; to carry on
general mercantile business; to build,
lease. OWL and operate barges, lighters,
sailing or steam vessels, AID to con-
struct, maintain, lease and operate ira III
roads or railroads, for the transporta-
ton of logs. lumber, merchandise and
passengers; to make contracts for the
construction or repair of buildings,
structures, and all works Of public i'm
provement, and to construct and repair
the same and generally to do all things
and engage in all enterprises in any way
connected with or beneficial to the OBJ
jects and purposes above set forth.
ARTICLE ".
The capital stock of this Corporation
is fixed at the sum of ten thousand
dollars, to be represented by one hun
bred shares of the par value ofone hun
dred dollars each, and said Corporation
shall commence business as soon as ten
thousand dollars of such capitol stock
is subscribed. The capital stock afore-
said may be increased by vote OF the
stockholders owning two thirds OF oil
the stock of said corporation. alta meet
ing called especially for that purpose III
the manner provided by law. All stock
shall be paid for at such times as may
be fixed by the Board of Directors, or
the same may be issued at not less than
par for labor done, services rendered,
or money or property actually received
or purchased by said Corporation. All
shares of stock shall be full paid and
worcestershire:
ARTICLE V.
All the corporate powers Of this COM
pany, and the management and control
of it's business. shall be vested in and
exercised by Board of Directors COM
posed Of not less than three nor more
than five stock holders, a majority OF
whom shall constitute quorum for the
transaction OF business.
The following persons. subscribers
for the capital stock, shall constitute
the first Board of Directors, to-wit:
r. H. Hackney, President; Emile A.
Leonval, Vice President; J. Adolph
Menuet, Secretary and Treasurer.
Such officers and Board OF Directors
shall continue in oi1ice until the second
Monday in May, 1903, on which date,
and annually thereafter, Board OF Dl-
rectors shall be elected, who shall elect
their officers for one year or until their
successors are erected and qualified, and
no failure to elect shall be regarded as
II forfeiture of this Charter. Any va
cancy occurring on said Board shall be
filled by the remaining Directors for
the balance of the unexpired term.
ARTICLE vi.
This Act of Corporation may be
changed, modified or altered, or this
organization may be dissolved, with the
assent of three fourths Of the stock
present or represented at a general
meeting convened for that purpose,
after at least ten days written notice OF
such meeting shall have been given to
each stakeholder ut his last known
place of residence
ARTICLE VII.
No stockholder shall ever be held
liable or responsible for the contracts
or debts Of said Corporation, nor shall
any mere intormality in organization
have the effect Of rendering this charter
null OF Of exposing stakeholder to
am liability beyond the unpaid balance
due Oh the shares owned by him.
ARTICLE VIII.
No stockholGer shall have the right
TO SELF any of the shares Of stock held
by him until he shall have first Offered
such shares in writing to the other
stockholders through the Board OF Di-
rectors, and such stockholders shall
have the privilege OF purchasing such
shares within thirty days thereafter, for
cash at their market value. All certl-
ticates of stock shall have printed upon
their face the following: This certiti-
cate is issued and held subject to all the
and restrictions Set out in
ule charter"
ARTICLE TX.