St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-03-14

[OurLuS Oh GIl6 SUCK lSSucu - NOtCu III
favor thereof, remove the directors, or
any of them, but to elect directors,
at the annual meetings or to
I'LL vacancies however caused, ma
ority of the stock issued voted in favor
Of any candidate shall be sufficient to
elect.
All meetings of the stockholders shall
be called for certain day and hour at
the office of the corporation in the
Parish of St. Tammany, and whereof
previous notice shall be given by pub
lication once week for three consecu-
tive weeks III newspaper published in
the town of Covington, La, and By
personal notice addressed to each stock
holder sent through the mai! signed
by the President for the same length OF
time.
The President may call meetings of
the stockholders whenever he thinks
necessary and proper, and it shall be his
duty to do so when meeting OF the |
stockholders is petitioned for by stock
holders holding majority of the stock |
issued. In the event of failure or re-
fusal of the President to call 8 meeting |
at once In compliance with the wishes
Of majority of the stockholders, in
amount, the said stockholders may |
themselves by notices published as
above directed, signed by them, and
notices addressed to the other stock
holders as above directed signed by
them, call meeting of the stockhold-
ers, Al all meetings of the stockhold-
ers the President shall preside and the
voting shall be by ballot. Each stock
-l>c lad m in
son or by written proxy one vote for
every share of stock held by him.
The meeting shall be held and the
votes counted and the result declared
by three stockholders, appointed by
majority of the stockholders present ut
the meeting.
The entries in the stock books COLI
corning the transfer of stock, the pro-
ceedings and resolutions of the stock
holders ut their meetings, and all
checks, drafts, notes, leases, mortgages
sales of immovables, bonds, etc, shall
be signed by either the President or
Vice. President, and the Secretary and
Treasurer, but the Board of Directors
may authorize the assistants, agents,
clerks and employees, employed by
them in the service IF the corporation,
to issue aud sign bills of lading, ship
ping receipts, receipts generally, and
all other acts and papers other than
those above mentioned.
In case of the death, removal, resig-
nation, absence or disability OF the
President, the Vice-President shall act
in his place until his return or until
the disability is removed, or until his
successor Is elected. In case of the
absence, death, resignation, removal
or disability of the Secretary and
Treasurer, the Vice-President shall act
in his place until his return, the re-
moval of the disability, or the election
OF another in his place.
This charter may be amended or al
tered, il at any meeting of the stock
holders convened for that purpose,
three-fouths Of the stock represented
at such meeting shall be voted favorlng
the same, and amendments and altera-
lions thus made shall, after due legal
proceeding had, become parts OF this
charter.
No stockholder in this corporation
shall ever be liable for any of the debts,
faults or liabilities thereof, further
than the unpaid amount due by him on
stock owned by him. No informally
in this charter, nor in organization
hereunder, shall render this charter
null, nor subject any of the stockhold-
ers to any of its debts, faults or liabili-
ties further than the unpaid amount that
may be due by them on stock owned by
them; but its creditors shall In every
case be limited in their recourse to the
proper assets of this corporation.
article V.
This corporation shall be dissolved
if at any meeting of the stockholders
convened for that purpose, three fourths
of the stock represented at such meet
ing shall be voted favoring the same.
In case of its dissolution, whether by
Limitation of this charter or otherwise,
its affairs shall be liquidated by three
commissioners taken from among the
stockholders and elected by,a majority
of the votes at such meeting. The
stockholders may require bond of the
liquidating commissioners, fix the
amount thereof, and pass on the suf-
fiency of the securities rendered and fix
the compensation of the commissioners.
The liquidating commissioners shall sell
the property belonging to the corpora
ton, collect the assets, and to this end
they may sue and be sued, pay the debts
of the corporation and do anything need
full and necessary in winding up its
affairs, and after paying its debts they
shall distribute the remainder of the
proceeds among the stockholders ac-
cording to the number of shares held
by them. -.
Tr,< ~$ thn
resignation or disability of any of the
commissioners, the others shall continue
in office and to serve as snch until the
affairs of the corporation shall be fully
and finally wound up.
Thus done. declared and signed, in
the presence of Thomas NJ. Burns and
VIM. z. Minckler, both competent wit
nesses, residing in St. Tamman, Parish,
and who also sign and affix
their names to this act on this 18th
day of February, A. D. 1908, with the
said incorporates after reading of the |
whole.
J. S. JONES. !
.. j. F. PICKETT.
EMMA JONES.
To authorize my wife.
). S. JONES.
G.. L. WILLIAMS.
Witnesses: |
THOS. NJ BURNS.
VIM. z. MINCKLER.
State of Louisiana,
Parish of St. Tammanv. ! |
Bcfore me, H. Il. Warren, Clerk anu
Ex-otficio duly qualified Notary
Public, in and for the said Parish and
State. on this day appeared, j. S. Jones:
J. F. Pickett and Mrs. Emma Jones, to
me personally known to be the identical
persons whose names are subscribed to
the foregoing instrument, and acknowl-
edge to me in the presence of Thomas
NJ. Burns and VIM p. Minckler, they exc