St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-03-19

FSASOAA0 10 AAOy AOOAkOA JUL VI UCCVllJC
associated with them, into corporation
and body polite In law. for the objects
and purposes and under the agreements
and etipulations hereinafter set forth
and expressed:
Article l.
The name and style Of said corpora
ton shall be BICKHAlI, MAGEE
COMPANY, LIMITED, and by that cor.
porate name the said corporation shall
have power and authority to have and en-.
Joy succession for the full term of ninety
nine years from and after the date
hereof, to contract sue and be sued
III its corporate name, to make and use
corporate seal, to have, hold. receive,
purchase, convey. mortgage, hypothe-
cate or pledge property, both real
and personal, to lend money on mort
gage or otherwise, to have and employ
such managers, directors, officers and
agents and other employees as the in.
terests and convenience of said corpora.
ton may require, to make and establish
such bylaws, rules and regulations for
the management and control Of the
affairs of said corporation as may BE-
necessary.
Article III.
The domicile of this corporation shall
be in the town of Covington, parish OF
st. Tammsny, Louisiana, and all cita.
lions or other legal process shall be
served on the President, and in case OF
absence or inability to act, on the Vice
President, and in the absence or in
ability of both, on the Secretary.
Article Ill. 49,
The objects and purposes for which
this corporation is formed, and the ma
ture ct the business to be carried on by
1t, are declared to be the buying and
selling Of groceries end all kinds OF
merchandise generally, and the conduct
ing of q country store in all OF its sew
erai branches, such as the purchase and
selling Of cotton, wool, country produce,
live stock real estate. ETC., in ST. Tam
many Parish and elsewhere.
Article Nv.
The capital stock OF this corporation
is fixed at the sum Of fifty thousand
$3.50, OOO) dollars. to III represented by
five hundred 5000 shares, of the par
value OF one hundred dollars each, and
said corporation shall commence bust
ness as soOD as fifteen thousand (815.-
OOO) dollars Is subscribed and paid in.
Should the capital stock OF this corpo-
ration be increased. tho persons holding
stock at the time of such increase shall
have the right to take shares Of the ad.
ditioDal or increased stock proportion
ate to the number OF shares then Owned
by them respectively. All stock shall
be paid for either in cash or in property
conveyed to the corporation, and shall
be full paid and non 8ssessable. M
stock holder shall have the right OF SELL
ing any Of the shares held by him with.
out having fret offered the same, in
writing, to the corporation, through its
Board OF Directors. and said board shall
ha q the privilege of purchasing said
shares within thirty days thereafter, for
cash, at their book value according to
the inventory last made. All transfers
OF stock shall be made on the books of
the company.
Article V.
All the corporate powers of this CON-
pany and the management and control
Of it's business shall be vested in and
exercised by Board of Directors, CON-
posed of three stockholders, a majority
Of whom shall constitute quorum for
the transaction Of business. Said Board
shall Immediately after Its election Sc
lect one of It's members as President,
another as Vice President, and third
as Secretary aud Treasurer. The said
Board of Directors shall be elected an
nually by ballot. by the stockholders.
at the Office of the company, on the
fourth Monday of January VI each year.
Each stock holder shall be entitled, in
person or by written proxy, to one vote
on every share owned by him. and said
election shall be held Under such rules
us shall be provided for by the Board Of
Directors. The said Board shall con-
tinue in Office for one year or until their
SUCCESSORS are duly elected, and no fail
ure to elect shall be a forfeiture OF this
charter. Vacancies occurring in the
Board OF Directors shall be filled by the
members OF the Board
whether i quorum remain or not. All
Directors aud officers OF this corpora
lion, both those appointed, In this Char
ter aud those that may be hereafter
elected at the annual meeting OF the
share holders, are to remain in office I'M
Ill their successors are elected and
qualified.
Article vi.
The following named persons shall
constitute the first Board Of Directors,
Viz: C. NJ. Bickham, W. E Bickham,
DR.. A. T. Pierce and NJ K. Ray, with
5. NJ. Bickham as President, w. E.
Bick ham rs Vice President. and DR.. A.
r. Pierce as Secretary and Treasurer, to
hold their offices until the fourth Mon
iay of January 1905, or until their sue
are elected and qualified.
Article VII.
This act Of incorporation may be |
changed, modified or altered, with the
assent of three fourths OF the stock |
at general meeting con-
gened for that purpose, and alter at
east ten days written notice OF SAID
shall have been given through |
nail. addressed to each stockhclder at
Ills last known place Of residence.
Article VIII.
No stockholder shall ever be held
liable or responsible, for the contracts,
aults or debts OF said corporation, nor
hall any informality 10 its organization
ave the effect of rendering this char
er null or Of exposing q stakeholder to
INV liability beyond the unpaid balance
lue on the shares owned by him.
Article IN.
This Corporation may be dissolved by
. vote Of three fourths of its whole
took. at q meeting called for that pur
,ose, proceeded by written notice mall
d to each share holder. addressed to
IL last known residence, ten DAYS prior
q said meeting, at which meeting three