St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-12-10


lease, suitcase, and enjoy property
real personal and mixed; may also Dor
row money and make contracts; may
receive grants of land or personal
property; may receive licenses, priyi-
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
alter and change at pleasure, and it
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 Its corporate powers
within any other State or Territory in
the United States or foreign country
that shall permit the same.
ARTICLE
The capital stock of this corporation
is hereby fixed at Two Hundred Thous-
and ($20O,OO0) Dollars. divided into
and represented by twenty thousand
shares at ten dollars each. All stock
subscribed 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
nd Hntn bo r1 0f
rectors may also issue certificates of
pail up stock 1T the par value thereof
in payment of property of any kind, or
goods actually received by this corpora
ton, or for services rendered to the
said corporation. The corporation 81 all
be authorized to begin BUSH ess and
shall be going concern when one
Thousand shares of its stock shall have
been subscribed for No transfer of
stock shall be binding upon or have
any effec: upon the corporation unless
and until made on its books.
The Board of Directors shall have
the power at any regular or special
meeting 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 Dire, tors shall have the
power to provide for and determine in
what manner, and under what terms
and condition, and in what proportion
the said increased stock or any part
thereof, may be issued and offered to
the then stockholders.
At all elections by or meetings of the
stockholders each share of stock suail
be entitled to one vote, to he cast either
by the person in whose Enme the stock
appears on tn. books of this CO. pora-
ton at the time Of voting, Or by his
proxy, duly authorize in writing IT,
that effect.
ARFI LEVI.
Ali corporate powers and anti. ority
and all business and affairs of this cor
porntion shall lie vested IL, an6 be eSer-
cised by Board Of Directors. to be
composed of three stockholders the reof
and they and each of them shall be
elected oy majority Of all the votes
cast ut a meeting to BIZ held for that
purpose
E. Y. Ames Arnold Heller and E. j
Fred erick, with said E. Y. Aaes as
President. with said Arnold Heller as
Vice-President, and with said E. j.
Frederick as Secretary and Treasurer.
shall constitute the first Board of Dr.
rectors, aid they shall hold office until
he second Monday in December, 1905,
or until their successors are elected
and qualified. Each subsequent Board
of Directors shall take their seats as
auch directors Immediately following
their election or as soon thereafter rs
practicable, and shall hold their Offices
until their successors shall have been
elected and qualified On the second
Monday in December, 1905. and annu-
ally thereafter. and election for directors
bv the stockholders shall be held in the
Office Mt the domicilo of the saia coroorH-
ton after ten days notice thereof shall
have been given by printed or written
notice mailed to elch stakeholder at the
last Address given by him to the Secre-
tary. Ever, Board Of DIRECTORS shall at
its first meeting after its election, or as
soon thereafter as practicable, elect a
: resident. u Vice-President, and Sec
reta1y and Treasurer from their own
The Office of Secretary ard |
Treasurer may be filled by ono and tie
same person. A failure to elect at such |
times Board of Dir ectors, or any men, |
her thereof or any of the corporate off,
GERS, rs herein provided FOR, shall n 81 |
operate to dissolve this corporation. but
the then existing Board of Directors
shall continue to hold their Offices,
and another election shall he held as
soon thereafter a. practicable. at n time
TO be fixed by the Board Of Direct IF
then in office. whereof five days prior
notice shall be given in the mann
above provided for, which said notice
shall he full ard complete notice to all
of snch meeticgs.
Aay vacancy occurring in the Board
If Directors from any cause shall be
illed by The remaining directors.
G,ajority Of said Board OF Directors
shall constitute a quorum for the trans
'ction and management of all business
the said corporation. The ,<oard of
may make and establish, utter,
'pend and abolish all bylaws, rutes
md regulations they LAY deem necessa-
y and proper for the management of
be affairs OF the corporation. not inccn-
'is tent with this charter and in pursu-
nee Of law; they shall have power to
contract debts. borrow money, issue
totes and bonds and other obligations,
xecute mortgages, purchase. acquire,
ecure transfer, ALLEVIATE, lease. assign
I'd pledge property, real, personal and
mixed: to name anf appoint sncl,
Jerks. agents, managers and officers
nd EMPLOYEES may be required and
o fix the salaries thereon, and the sam.
0 change or dismiss ut pleasere, to fix
he salaries If the Ulcers provided for