St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-03-21


favor thereof, remove the directors, or
any of them, but to elect directors,
whether at the annual meetings or to
fill 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 he given by pub
LEGATION once week for three cOnsecu-
tive weeks IN newspaper published in
the town of Covington, La, and by
personal notice addressed to each stock
holder sent through the mail 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 50 when . meeting of the
stockholders is petttioned 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 a 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-
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 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 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
De signed by either the President or
Vice. President, and the sSecretary 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, resfg-
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-
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 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
of this charter or otherwise,
its affairs shall be liquidated by three
and elected by majority
of the votes at such meeting. The
may require bond of the
commissioners, fix the
amount thereof, and pass on the sui
flency of the securities rendered and fix
the compensation 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
ful and necessary in winding up its |
Affairs, and after paying its debts they |
shall distribute the remainder of the |
proceeds among the stockholders &C
;ording to the number of shares held
~ them.
In the event of the death, removal,
or disability of any of the
the others shall continue
q Office and to serve as such until the
lftairs of the corporation shall be fully
md finally wound up.
Thus done. declared and signed, in
he presence of Thomas NJ. Burns aud
VM. p. Minckler, both competent wit
lesses, residing in st. Tamman, Parish,
louisiana, and who Also sign and aff1x
heir names to this act on this 18th
lay of February, A. D. 1908, with the
aid inc0rporators after reading of the
Whole.
J. S. JONES. Iii
J. F. PICKETT.
EMMA JONES.
To authorize my wife.
). s. JONES.
G. Z. WILLIAMS.
Witnesses:
HOS. M. BURNS.
WI. p. MINCKLER.
State of Louisiana, IL
Parish of St. Tammanv. { 1
Before me, H. H. Warren, Clerk anu
x-officio q duly qualified Notary
ublic, in and for the said Parish and {
tate. on this day appeared, J. $. Jones:
F.. Pickett and Mrs. Emma Jones, to I
le personally known to be the identical /
ersons whose names are subscribed to L
he foregoing instrument, and acknowl-
dye to me in the presence of Thomas
[. Burns and VIM P. Minckler, they exc
ated the same on the day of the. date
hereof and that 1t was their own free /