St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1903-03-07

Jones & Pickett, Limited.
United States of America, State of
Louisiana, Parish of St. Tammany.
Article I.
Know all men by these presents, That
we, j. S. Jones, j. F. Pickett, Mrs.
Emma Jones and C.. z. Williams,
J ing themselves of the law of this State,
relative to the formation Of private cor
porations do hereby form and constitute
ourselves and our successors into cor
poration under the name and title OF
JONES l. PICKETT. LIMITED, and
the domicile of this corporati0nsh shall be
in St. Tammany Parish, Louisiana, and
it shall have existence for ninety-nine
years nnless otherwise sooner dissolved.
Article II.
The purposes of this corporation Is
established and the nature of the bust-
ness to be carried on by it Is: The
manufacture and sale OF Turpentine,
Rosin, Pitch, Tar and Navel Stores and
Supplies. The operation aud carrying
on OF general mercantile business, and
the operation and carrying on OF the
| business of common carrier of freight
and merchandise for hire by means of
schooners and other vessels plying be-
tween points in St. Tammany Parish
and New Orleans, Louisiana, all In con-
nection with the business drst above
mentioned. and to this end this corpo-
ration shall have the right and power
| to contract and be contracted with, to
sue and be sued plead and be impleaded.
| To acquire the ownership and posses
sion of property real and personal, NOV
able and immovable, by purchase, eale,
exchange, prescription and in any other
manner and form authorized by law.
To lease, let and hire property real and
| personal, movable and immovable. To
pledge, receive in pledge, mortgage and
take mortgage, upon all kind OF prop
erty subject thereto. To borrow money,
give security. sign bonds, etc. TO make,
draw, endorse, issue and utter neyotia-
BILE notes, checks, drafts, receipts. due
bills, bills of exchange, bills of lading,
and to take, acquire, receive and hold
the same, and to do all other things and
acts necessary and proper in the exer-
else Of the rights and powers above men
toned, and IN the control, management
and government of tie business and
affairs Of this corporation.
All citations and legal process shall
be served upon the President, and in
his absence upon the Vice President,
! and in case of tue absence vf both the
President and Vice President, upon the
Secretary and Treasurer.
Article III.
The capital stock of this corporation
is liked at one hundred thousand ($10O,-
900 dollars, divided into 1000 shares Of
800 each, and which shall be paid for
| IN cash at the time of subscribing there
Tor, except as to j. S. Jones and ]. F.
Pickett, who may pay for stock in this
corporation with property real and per-
| sonal, movable and immovable belong
ing to Jones l. Pickett, firm composed
of said Jones & Pickett dolniclled in St.
Tammany Parish, Louisiana, and en-
gagged in the business above mentioned
aud Of which firm this corporation is
| intended to be the successor. said J. s.
Jones and ]. F. Pickett, however, in
order that they may receive stock in
| this corporation. in lieu Of property be-
longing to said firm, shall make sworn
cash valuation and inventory of all
property intended to be turned over to
this corporation in exchange for. stock
! therein, and deliver Same to tho Board
| Of Directors hereof, who shall consider
| the valuation thereof and as soou as the
! valuation shall be agreed to said Jones
| and Pickett shall immediately transfer
said property to this corporation and
upon which they shall each be entitled
| to take as many. shares OF stock In this
corporation as the property transferred
by them to this corporation will answer
for. Shares Of stoOk shall be transfer
rable only by entry Of the transfer in
the stock book Of this corporation and
the surrender OF the original certificates
Of stock to this corporation to be Cam
celled and new certificates Of stock
shall be issued to the transteree.
This corporation shall commence
business as soon as Fifteen Thous-
aud Dollars worth OF stock has been
taken and paid for as above said.
Article Nv.
TIE pow ers, control and business af-
fairs o: this corporation shall he man
aged by and vested in and exercised 10y
Board ct three Directors. No y. rson
shall he eligible as director except stock
holders. a minority OF the directors
shall constitute quorum tor the trans.
action of business. A majority o: the
directors must be residents Of the Parish
Of st. lammany. Each of the director.
shall have an equal voice and vote in
tao Affairs of the corporation, The Board
of Directors shall pass all Ordinance and
bylaws needful and necessary for their
oW n government and to carry out aud
exercise the powers conferred Ivy this
charter and the purposes for which it is
established. They shall require the
Treasurer of the corporation to give
bond for the faithful performance Of his |
duty before he takes charge OF his office |
and pass on the suficiency of the bon |
tsndered. Fix the compensation Of tho |
officers OF this corporation. Employ az
sistants, agents and employees for this
corporation and Fix their duties, pre-
scribe their eluploynents and clmpen.
sation and discharge such assistant,
agents and employees, employee! BY
them at will and whenever they see
proper, and hire others in their placer.
and do everything needful and Necessary
in carrying on and conducting the A.
fairs of this corporation. The officers Of
this corporation shall be President,
Vlc= President and Secretary and Treas.
urer, who shall be the Board of Direc-
tors above mentioned, III voting FOR
Directors the stockholders sLsll desiR-
u ate Oh their ballots which shall be
P resident, which Vice President and
WI ich Secretary and treasurer. Mr.. j.
). Jones shall be the first President. Mr..
r Pickett the first Vice pro.;ao.%
md .Ars. Emma Jones the irst Secrc-
AIRY nd Treasurer and they shall hold
heir o does until February II, 1904. ut IL
o'clock NJ. st which time an election
hall De held by tho stockholders. and
directors aud officers elected, who shall ,,
erve for one year, and directors and