St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-12-03

property; may receive licenses, privi-
lcges, franchises and rights; may make
and use corporate seal and the same
may break or alter at pleasure; may
name, elect and appoint such directors,
| managers, clerks, agents and employees
as the interest and convenience of said
corporation may require. 1t shall also
have power to make and establish such
bylaws, rules and regulations for the
proper management and government of
said corporation as may be necessary
or deemed advisable, and the SAME 10
shall possess all the rights, powers and
privileges to which corporations now
are, or may be by any general law or
laws Of Louisiana authorized and en-
titled TO pc. sess. Said corporation
may exercise It's corporate powers
within any other State or Territory in
the United States Or foreign country
that shall permit the same.
ARTICLE V.
The capital stock of this corporation
is hereby tixe.. at two Hundred Thous-
and ($2OO,OOO) Dollars. divided into
aud Represented by twenty thousand
Sudi Is ~ leu uOaldlS CuSu. y II SLOCh
sub scribed fer shall be payable in cash
at the time the certificate therefor is is
sued, or on such terms and conditions
as the Board of Directors may provide
and determine. and the Board of Dr.
rectors may also issue certificates OF
pail up stock at thu par value thereof
in payment of property of any kind, or
goods actually received by this corpora
ton, or for services rendered 10 the
said corporation. The corporation stall
be authorized to begin BUSH ess and
shall be going concern when one
thousand shares of its stock shalt have
been subscribed for No transfer of
stock shall be binding upon or have
any effec: upon the corporation unless
aud until made on it's books.
The Board of Directors shall have
the power ut any regular or special
mee' ing to order the issue and sale of
additional stock from time to time up
to the authorized capital stock Of the
corporation, as IN the Judgment Of the
Board Of Directors the business and
necessities Of the corporation may re-
| Quire.
The capital stock of this corporation
may be increased or decreased in the
manner provided for by the laws of
the State of Louisiana. In the event
of an increase in the said capital stock
the Board of Directors shall have the
power to provide for and determine ia
what manner, and under what terms
and condition, and in what proportion
tthe said increased stock or any part
| thereof, may be issued and offered to
the then stockholders.
At ,.ll elections by or meetings of tie
stockholders each STARE OF stock shail
| be entitled to one vote, to Re cast either
! by the person in whose linine the stock
appears on the books of this cai pora-
ton at the time of voting, Or by his
proxy, duly authorized in writing to
that effect.
ARrI LEVI.
| All corporate powers and anti oris Y
an! all business and affairs of this cor
| pora:ion shall lie vested in anf he exer-
cised by Boa1a Of Directors. to he
composed Of three stock holders the reof.
and they and each of thera shall be
elected by majority Of all the votes
cast ut meeting to be held for that
purpose
E.. Y. Ames Arnold Heller and E. J
Fred e1ick, with said e. Y. Ames es
ffesiden.. with said Arnold Heller rs
Vice-president. and with said E. j.
Frederick rs Secretary and Treasurer.
shall constitute the first Board Of Di-
rectors, AID they shall hold Office until
he second Monday in December, 1905.
or until their successors are elected
4 Er nh tNc, ut
Of Directors shall take their seats es
auch directors Immediately following
! their election. or as soon thereafter as
practicable, and shall hold their Offices
nnti' their successors shall have been
elected and qualified On the second
Monlay in Decernber, 1905. and annu.
ally thereafter. and election fer directors
bv the stockholders shall be held in tn
Office Mt the domicilo of the sail corpora
ton after ten DAYS notice thereof shali
have been given by printed or written
notice mailed to e.ch stakeholder st the
last address given by him to the Secre-
tary Ever, Board Of DIRECTORS shall Mt
it's first meeting after its election. or ps
soon thereafter az practicable. elect a
! resident, Vice-I'res;dent, and Sec
retaly and Treasurer from their own
number. The Office of Secretary ARD
Treasurer may be filled by ono and tie
same person. A failure to elect ut such
times Board of Directors, or any menu
her thereof. or any of the corporate Off
GERS, as herein provided for, shall n 1t
operate to dissolve this corporation. but
the then existing Board of Directors
shall continue to hold their offices,
and another election shall be held as
soon thereafter as practicable. at II time
to be fixed by the BOARD of Director.
then in office whereof five days prior
notice shall be given in the mann r
above provided fnr, which sail notice
sl,al! lie full asd complete notice to all
stockold ers of such meetings,
Aay vacancS occurring in the Board
Of Directors from any cause shall he
filled by The remaining directors.
l,ajority Of said Board OF Directors
shall constitute a quorum for the trans
action ana management of all business
the said corporation. The board of
Directors may make and establish, alter,
amend and abolish all bylaws, ruies
and regulations they any deem necessa-
ry and proper for the management Of
the aaaits OF the corporation. not in con-
sistent with this Charter and in rursu-
ance Of law; they shall have power TO
contract debts, borrow money, issue
notes and bonds and other obligations,
execute mortgages. purchase. acquire,
secure. transfer, ALLEVIATE, lease, assign
ard pledge property, real, personal and
mixed; to name AMI appoint sncl,
clerks. agents, managers and officers
and employees as may be required and