St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1902-06-21

of Directors may determine. Such stock
shall be transferable only on the books
of this corporation, upon surrender OF
the certificates therefor.
The stock of this corporation shall be
held and owned bv the stock holders,
subject to the following conditions and
agreements which are made part of the
contract of subscription to such stock
and which are declared to be binding
on the original subscriber to such stock,
and upon all persons who may become
possessed of such stock either by gift,
devise, Inheritance, purchase, Or In any
other manner, to-wit:
| l. The possession or ownership of q
share of stock does not entitle the pos
SCISSOR or owner to the privileges of the
club house, unless he has been elected a
member. (2) No individual shall own
more than one share of stock. 81 In
case any stock holder shall die, resign,
be expelled from the corporation as pro-
vided in the bylaws or rules, or be
absent from the Parish of St. Tam
many for a period of more than one
year, without notifying in writing the
Board of Directors, Of such absence and
having such absence approved by such
Board in writing, or shall pledge, sell
or dispose OF his stock: the Board of
Directors shall have the right, within
three months after it shall be informed
of such death, resignation. expulsion or
absence, or of such sale, pledge. or dis
pOsal of such stock, to purchase such
stock for the corporation, in whom.
sOever's hands the same may be, at par,
for cash; and upon the purchase of such
share of stock, the certificate represent
ing the same shall be cancelled on the
books of the corporation, and such
share of stock may again be sold and
issued to any person who may be elected
member of the corporation IN the
manner provided by its rules and
bylaws.
Article v
The business and affairs of the club
shall be directed aud managed by a
President, Vice President, Secretary,
Treasurer and Board of Directors con-
sieting of eleven stock holders, four of
whom shall be the President, Vice
President, Secretary and Treasurer and
of which Board the President shall be
ex-officio chairman. all of whom, except
the Secretary and Treasurer, shall hold
their Office for one year or until their
successors shall be elected, and they
shall exercise all the rights and powers
of the corporation, except insofar as
restricted by the charter and by laws
of the corporation. Citation shall be
served on the President, and, in his alb
sence, on the Vice President, and in
absence of both, on the Secretary. The
Secretary and Treasurer shall be elect
ed by the Board of Directors, and shall
be removable at their will. No person
who is not stock holder of this corpo-
ration shall be eligible as Director.
The officers and first Board of Direc-
tors shall consist of:
Harvey +. Ellis-President.
B. M. Miller-Vice President.
4. J. Domergue, Jr.-Treasurer.
Jos. Delery-Secretary.
DirectOrs-E. A. Le0nval, Fred lily,
j. NJ. Thompson, N. &. Pearsall, C. L.
Louis Medal and T. e.
Brewster. And all of said officers shall
hold thier Offices until the annual meet
ing on the third Monday of May 1908.
Article NJ
The general meeting of the members
of this corporation shall take place on
the Third Monday of May in each year,
for the nomination and election of can
didates for Office, as provided foi uuder
Article V. and for the transaction of
such ether business as may be neces
sary. The President, or acting Presi-
dent may at any time call a special
whenever, in his opinion, it is
deemed advisable in the interest of the
and i: shall also be his
duty so to do when requested in writ
ing by five stockholders. Such meet
ing shall take place after notice of the
day and purpose thereof shall have been
posted c0nspicuOusly In the club room
during seven (7) full days previous to |
the date of said meeting. At all meet
Ings each stock holder shall have one
vote, and shall vote IN person, and not
by proxy. Sixteen (l6) members shall
b. q quorum for the transaction OF bust
ness at all meetings, and decision of
!, majority of the quorum present shall
be valid as corporate act, save as
hereinafter excepted.
Article vi
This corporation Is authorized to
ease, purchase, hold, mortgage and
convey such real estate in the town OF
COviDgton or elsewhere. as may be re-
}uired for the accomplishment Of its
purposes. 1t may ordain bylaws, Jules
md regulations, and alter, amend and
lbrogate the same at pleasure, except
Is otherwise provided in this charter or
~ its bylaws; and shall generally pos
|ess and exercise all the powers Incl
lent to a corporation and necessary to
larry out the purposes for which it has
,een organized. 1t may have seal with
uch device and inscription as the Off
ers of the corporation may adopt.
Article VIII
No debts shall be created in any one
ear in excess OF the actual revenues of
aid year, unless by consent of ma
ority of the members at meeting of
he corporation.
The Board of Directors shall have
over assess and to collect such admis-
ion fees and annual dues or assess
lents, "a shall be prescribed by the by
Avs or authorized by the corporation.
No stock holder or member shall be
clu IIHU UT TeSpOuSlUlc 1OE IIc ucDlS,
Ontracts or faults of said corporation
eyond the amount OF any dues Or as
essments which he may owe for the :
urrent year.
Article TX
All acts and obligations Of this cor
grafton shall be authenticated by the
gnature of the President aud of the
reaSurer. :
Article *
These articles shall not be altered ex- ,
,pt at special meeting called for .
lat purpose, after due notice given as {
rovided in Article w, designating in !
riting the article or articles that it is /
to change; and it shall re- i
lire two thirds of legal quorum to
ter or amend any article; provided '
at no article shall be altered or
nended 1T an annual meeting, unless
ven "a days notice Of such proposed {