St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-02-21


out the unexpired term. The stock
holders can, at any meeting, il three
fourths of the stock issued il voted in
favor thereof, remove the directors, or
any of them, but to elect directors,
whether at the annual meetings or to
dill vacancies however caused, u ma
jorlty Of the stock issued voted in favor
of any candidate shall be sufficient to
elect.
All meetings OF the stockholders shall
the office of the corporation in the
Parish OF st. Tammany, and whereof
previous notice shall he given by pub
location once week for three consecu-
tive weeks IN newspaper published Ill
the town of Covington, La, aud 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 q 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 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 10 the other stock.
holders as above directed signed by
them, call meeting of the stockhold-
ers. At all meetings Of the stockhold-
ers the PRESIDENT shall preside and the
voting shall be by ballot. Each stock
holder shall be entitled to cast in per-
son or by written proxy one vote for
every share of stock held by him.
The meeting shall be held aud the
votes counted and the result declared
by three stockholders, appointed by u
majority of the stockholders present at
the meeting.
The entries in the stock books con-
corning the transfer Of stock, the pro.
ceedings and resolutions of the stock
holders At 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 and 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
III 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 favOrlDg
the same, and amendments and altera-
tons 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 informality
IN this charter, nor In organization
shall render this charter
null, nor subject any of the stockhold-
ers to any of its debts, faults or lisbili-
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 |
taken from among the |
stock holders, and elected by majority |
of the votes at such meeting. The |
may require 4 bond of the |
commissioners, fix the |
amount thereof, and pass on the sui |
tiency of the securities rendered and fix
the compensa ton of the commissioners.
The liquidating comm issioners 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 &C
cording to the number Of shares held
by them.
In the event of the death, removal,
or disability of any of the
the others shall continue
il office and to serve as sn:h until the
Affairs of the corporation shall be fully
md finally wound up.
Thus done. declared and signed, in
The presence of Thomas NJ. Burns aud
NM. z. Minckier, both competent wit.
lesses, residing in st. Tamman, Parish,
Louisiana, and who also sign and affix
heir names to this act on this 18th
lay of February, A. ID. 1908, with the
,aid incOrpOratOrs after reading of the
whole.
Us. JONES. l.
j. F. PICKETT.
EMMA JONES.
TO authorize my wife.
J. s. JONES.
Witnesses:
rHOS. NJ. BURNS.
w. p. MINCKLER.
State of Louisiana,
Parish of St. Tammanv. !
B fore me, H. r. Warren, Clerk and
x-otficio duly qualified Notary
'nhiic. in and for the said Parish and
!. F. Pickett and Mrs. Emma Jones, to
ne personally known to be the identical
ersons whose names are subscribed to
he foregoing instrument, and acknowl-
dge to me in the presence of Thomas
I. Burns and WmP. Minckler, they exc.