St. Tammany farmer., 1905-12-02


right to sell or otherwise dispose of his
stock. in whole or il, part, without first
giving t. the Board Of Directors fifteen
days notice in writing OF his intention
or desire to dispose Of his stock. or any
part thereof, and allowing the Board Of
Directors, or in its default any stock
holder, the first opportunity Of purchas-
ing the stock, after which tiflsen days
the said stock may be SOLD III open mar
ket. The stock Of said corporation may
be transferred under the above condi-
tions, provided such transfer thereof be
made on the books of the corporation, at
its domiclile in Covington. this parish
and State, and upon the surrender O!
the certificate therefor. 4
ARTICLE VII.
The business affairs aud corp 1rate
powers of this corporation shall be trans-
acted by Board Of Directors, 70 be COM
posed Of nine stockholders. A majority
OF said Board shall constitute quorum,
but less number shall have a right to
adjourn to given cate. No person shall
be eligible as director or officer, as
herein provided in this charter, who is
not stockholder uf this corporation.
The members of the Board of Directors
snail he elected by 4 majority of the
votes Of ths stockholders cast at meet
ing to be held fer that purpose. The.fol-
lowing persons shall constitute the first
Board Of Directors: II. B. Daboval, H.
J. Smith, w. A. Dutsch, II. H.. Smith,
Leopold Levy, Leon Roubion, John B.
Kent, n. ]. Seller and F. Fortune. Said
oh S.~ To-.
ary Is, 1907, on which date, and annu-
ally thereafter, an election for directors
shall! be held at the Office of the cor
poration, after fifteen days notice
thereof shall have been given by publi-
cation in one of the newspapers pub
lished in the Parish of st. Tammany,
by two publications thereof, during
said time. A failure to elect directors
on the date above mentioned shall not
dissolve this corporation, but the then
Board OF Directors shall continue to
hold office, and another election shall
be held as soon thereafter as practica-
ble, of which notice shall be given in
the manner already provided in this
article. After the election of the Board
OF Directors. they shall Immediately
elect, from among their own number,
a President, Vice President, and a
Treasurer, who shall also be Secretary
The offices, as herein created, shall be
filed by the following named persons,
and who shall serve as such from the
present time until new Board Of Di-
rectors are elected at the meeting to be
held January l5, 1901: II. B. Daboval,
President; H. j. Smith. Vice President,
and II. II. Smith. Secretary and Treas
uier.
ARTICLE VIII.
Any vacancy occurring in the Board of
Directors from any cause shall be filed
by the remaining members Of the Board
from amOLg the stockholders of the
Corporation. The Board of Directors
shall make such bylaws, rules and regu.
lations as they. may deem necessary.
and change and alter the same at pleas
ure, name and appoint all managers,
employees or other officers. and fix their
salary, term of service. with tho right
to dismiss them at said Boards pleas
ure, and the said Board shall have the
right to fix and determine the salaries
md duties of the several officers herein
created by this charter, and ascribe
other duties to said officers, as will best
serve the interest and welfare of the
Corporation. They shall also have the
power to sell, convey, mortgage. pledge,
lease, suitcase and purchase property,
and immovable, personal and
Mixed; borrow, issue notes and bonds;
make contracts and do all things which
may be necessary to properly transact
and manage the business OF this Cor
poration.
ARTICLE IX.
This act of Incorporation may be
changed, modified or amended, or said
may be dissolved, with the
assent Of the majority Of the amount #
stock present or represented at any
general meeting of the stockholders Of
,aid Corporation convened for such |
purpose, after thirty (3O) days previous
1otice Of such meeting shall have been
,iyen by publication in one Of the news
,apers published in the Parish of St. |
rammany, by four publications Of said I
notice during said time. Whenever
his Corporation is dissolved, either by
imitation or from other cause. it's af-
airs shall be liquidated under the
Of three commissioners
.hosen for that purpose from among
he stockholders, BY q majority In
mount OF the stockholders present or
at general meeting of the
as above set forth in this
{ lr.fcle. The said commissioners shall
emain in Office uutil the affairs of the
shal! have been fully liqai-
lated. Shopld vacancy occur in said
the survivor or survivors
hall continue to act.
ARTICLE x.
No stockholder Of this Corr oration
hall be held liable or responsible for
be contracts or fault thereof in any
urther sum than the unpaid balance
ue the Corporation on the shares sub
crlbed for or owned by him; nor shall
nv informality in organization have
be effect OF rendering this charter null.
r lexposing q stockhoider to any fia-
ility beyond the unpaid balance, it
ny, of his stock.
Thus done and passed at nv notarial
flee, In the Town Of CoyiDgton, Par
ii OF st. Tammany, State of Louisiana,
d the day, month and year herein first
bove written, In the presence Of W.
!. Cowart and Wiley NJ. Wood, two
,mpetent witnesses OF lawful age, and ,
,sidents Of said town, parish and
tate, who hereuntO sign their names.
,gether with said appearers and me,
otary. after due reading OF the whole.
Henry J. Smith, 10 shares.
Hardy 81. Smith, 20 shares.
A. r. Smith, shares.
r E. Theriot, share.
3. Z. BelkDap, shares.
w. A. Hood, share.
H.sB. Daboval, 90 shares.
Peoples Bakery, shares.
Per Maurice Hianche) ]
Edmund Stern, 4 shares.
Witnesses: