St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-02-20
CHARTER

CHARTER
United States Of America-State of
Louisiana-Parish of st. Tammany.
BE 1T KNOWN AND REMEMBERED That
on this, the 28th day of January, in the
year of our Lord one thousand nine
hundred and four. and Of the indepen'-
ence If the United States Of America
the one hundred and twenty-eishth, be-
fore me, H. r. Warren. Clerk of Court,
and Elk Onicio Notary Public, duly COM
missioned and sworn In aud for the Par
ish of St. Tammany. State Of Louisiana,
and in the presence Of the witnesses
hereinafter named and undersigned,
personally came and appeared G. NJ.
Bickha,n. w. f. Bickham, A. T. Pierce
and NJ. K. Ray, the several persons
whose ma mes arr hereuntO subscribed,
who declared that, availing themselves
OF tho provisions OF the general laws Of
this STATE, relative to the Organization
of corpo. ations, they have covenanted
and agreed and do by these presents
covenant, agree, bind, form aud consti-
tute themselves, as we'll as such other
persons as may hereafter join or become
associated with them, into II corporation
auG body polite in law. for the objects
and purposes and under tho agreements
and stipulations hereinafter set forth
and expressed:
Article l.
The name and style of said corpora
ton shall be BICKHAM, MAGEE 4
COMPANY, LIMITED, and by that corr
porate name the said corporation shall
have power and authority to have and en-
10Y succession for the full term Of ninety
nice years from and after the date
hereof, to contract. sue and be sued
in 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 aud regulations for
the management and control 1T the
affairs of said corporation rs may be
| necessary.
Article ii.
The domicile uf this corporation shall
be in the town of CovingtOn, parish OF
st. Tammsny, Louisiana, aud all cita-
tiuns or other legal process shall be
served on the President, and in case of
absence or inability to act, on the Vice
President, aud in the absence or In
ability of both, Oh the Secretary.
Article III.
The objects and purposes for which
this corporation is formed, and the ma
ture Of the business to be carried on by
it, are declared to be the buying and
selling of groceries snd all kinds OF
merchandise generally, and the conduct
ing of country store in all Of its sew
eral branches, such as the purchase and
selling Of cotton, wool, country produce.
live stock, real estate. ETC., in s.. Tam
many Parish and elsewhere.
Article Nv.
The capital stock OF this corporation
is fixed at the sum of fifty thousand
| uVIA6ASs W 10 AOpAS0OASSU "
five hundred (5OO) shares, OF the par
value OF one hundred dollars each, and
said corporation shall commence bust
ness as soon as fifteen thousand (315.-
OOO) dollars is subscribed and paid In.
Should the capital stock OF this corpo-
ration be increased. the persons holding
stock at the time of such increase shall
have the right to take shares Of the ad-
ditional 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 assessable. No
stock holder shall have the right Of SELL
ing any of the shares h I'D by him with
out having first offered the same, in
writing, to the corporation, through Its
Board OF Directors, and said board shall
ha % 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 coQpany.
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, 4 majority
Of whom shall constitute quorum for
the transaction of business. Said Board
shall Immediately after its election Sc
lect one of its members as President,
another as Vice President, and = third
rs Secretary aud Treasurer. The SAID
Board OF Directors shall be elected Az
uualiy by ballot, by the stockholders.
at the Office Of the company, on the
fourth Monday Of January Vt each year.
Each stockholdel 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
as 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 u forfeiture OF this
charter. Vacancies occurring In the
Board of Directors shall be filled by the
remaining members Of the Board
whether y quorum remain or not. All
Directors aud officers Of this corpora
| lion, both those appointed in this Char
ter and those that may be hereafter
| ,1ootod ot tho ANIMAL meeting Of the