St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-02-28

out the uneXplreQ term. Vhe Stock
holders can, at any meeting, If 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
I'LL vacancies however caused, ma
jority 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 I've given by pub
location once week for three consecu.
tive weeks IN newspaper published in
the town Of Covingtou, 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 q 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. At all meetings of the stOckhOld.
Ikspa fhH, iIFo aiAnnf 0ho1l tNNooiAa nd hA1
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 and the
votes counted and the result declared
by three stockholders, appointed by
majority of the stockholders present at
/ the meeting.
The entries In the stock books COLI
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 Ut 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
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 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,
1aUlbS OE Al0Uu1VlCS Iu0AOOI3 AuAtuVA
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 uxbili-
ties further than the unpaid amount that
may be due by them on stock owned by
them; but Its creditors shall In evely
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 majority
of the votes ut such meeting. The
stockholders may require bond Of the
liquidating commissioners, tx the
amount thereof, and pass On the sui.
tiency of the securities rendered and fix
the compensation of the commissioners.
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,
resignation or disability of any of the
commissioners, the others shall continue
in office and to serve as sn:h 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. p. Minckler, both competent wit
nesses, residing In St. Tamman, Parish,
and who also sign and aff1x |
their names to this act on this 18th
day of February, A. ID. 1903, with the
said incOrporators after reading of the
whole.
]. 8. JONES.
j. F. PICKETT.
EMMA JONES.
To authorize my wife.
). 8. JONES.
c. Z. WILLIAMS.
Witnesses:
THOS. M. BURNS.
WV. 2. MINCKLER.
State of Louisiana,
Parish of St. Tammanv. I
B:fore me, H. r. Warren, Clerk and
Ex-officio duly qualified Notary
Public, in and for the said Parish and
State. on this day appeared, j. 3. Jones
J. F. Pickett and Mrs. Emma Jones, to
ne personally known to be the identical
persons whose names are subscribed to
he foregoing instrument, and acknowl.