St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-02-27
CHARTER

CHARTER
United States of America-State OF
| Louisiana-Parish of st. Tammany.
| Be 1T KNOWN AND REMENBERED 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 of the United States Of America
the one hundred and twenty-eighth. be-
fore me, H. r. Warren. Clerk Of Court,
and Ex- Ohlcio Notary Public, duly COM
missioned and sworn In and for the Par
ish of St. TAmmsny, State OF Louisiana,
and in the presence Of the witnesses
hereinafter named and undersigned,
personally came and appeared C. n.
Bickham. w. E. Bickham, A. T. Pierce
and NJ. X. Ray, the several persons
whose names are hereunto subscribed,
who declared that, availing themselves
OF the provisions of the general laws of
| this State relative to the Organization
Of corporations, they have ,covenanted
and agreed and do by these presents
covenant, agree, bind, form and consti-
tute themselves, as we'll as such other
persons as may hereafter join or become
associated with them, into a corporation
and body polite in law, for the objects
and purposes and under tho agreements
and stipulations hereinafter set forth
and expressed:
Article /.
The name and style Of said corpora
ton shall be BICKHAM, MAGEE &
COMPANY, LIMITED, and by that cor.
porate name the said corporation shall
have power and authority to have and On
Joy succession for the full term of ninety
nine 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 IS 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 II.
The domicile Of this corporation shall
be in the town of Covington, parish of
st. Tamm>ny, Louisiana, and al cita-
tions or other, legal process shall be
served on the President, and in case of
q - p n h&1ffv IN ~ IN h. vsnA
President, and in the absence or In.
ability Of both, on 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 end all kinds of
merchandise generally, and the conduct
ing Of q country store in all Of It's sew
era, 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 be represented by
five hundred (50O shares, of the par
value OF ono hundred dollars each, and
said corporation shall commence bust
ness as sooD as fifteen thousand (315.-
O0O) 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
Inn ~ ,hf n, kNI1n he - hn
ditioDal ur increased stock proportion
ate to the number OF shares thor owned
by Them respectively. All stock shall |
be paid for cith.r In cash or In property
to the corporation, and shall |
be full paid and non sssessable. NJ
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, aud said board shall |
ha 70 the privilege of purchasing said
shares within thirty days thereafter, for
cash, at their book value according to
he inventory last made. All transfers
If stock shall be made on the books Of
The company.
Article v.
All the corporate powers OF this COM
,any and the management and control
II its business shall be vested in and
by Board of Directors, CON-
'osed Of three stockholders, q majority
4 whom shall constitute quorum for
he transaction Of business. Said Board ,
hall Immediately after It's election Sc
ect one Of its members as President,
mother as Vice President, and 4 third =
8 Secretary aud Treasurer. The said
IOaru Of Direci ors shall be elected III.
TALLY by ballot. by the stucknOfdcr>.
i tie office vi the soiipsny, on The
.urth Momli.v Ut January vi each year. a
,acn s,ockhoid., -il.il be entitled. in n
rrson or by written pr,.xy, t., one vote =
Ii every si,ar. owned by him. aud said u
lection shall bo tt.id Li,jer such rules u
5 shall be provided for by tn. Board OF II
directors. TIL. said Board shall con- q
hue in Office Tor one Year or until their IL
lccessors are duly a.ected, and no fail n
re- to lec; shall I've u forfeiture of this p
larter. Vacs.ncics occurring in the 81
GARD Of Directors shall be filled by the
members nf the Board
bebner a Quorum r-main or not. All
lrccs,r, AID officers Ut this corpora u
Dn, both those appointed In this Char