St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1905-04-15

be valid corporal acts.
The Following persons shall consti-
tute the first Board of Directors:
W. j. L'Engle, w. A. Hood. A. B.
Holiday. J. B Wheat, W, B. Gilligan,
T. NJ Burns and G. F. Mason.
No person shall be eligible as direc-
tor or an officer who is not stock
holder of this Company.
During the absence of the President
the Vice President shall act and preside.
Said Board shall continue in office un-
til the second Monday in January, 1906,
on which date and thereafter, annually,
Board of Directors shall be elected
for each year. unless the same should
be holiday, when the election shall be
held on the next legal day thereafter.
Notice of such election shall be given
by at least ten days continuous publ
cation Immediately preceding each
election, in one of the newspapers of
the parish; the Board of Directors
shall appoint one Or more stockholders
to preside at such election as commits.
sioners. Any failure from any cause
whatever to elect Directors the day
named for that purpose shall not dis
solve the Corporation, but the directors
then in Office, as well as the officers of
said Company, shall hold over until their
successors are chosen.
In such event the President shall
cause another election to be held within
thirty (30) days, and shall give notice
thereof, as herein before provided.
At every election and meeting each
stakeholder shall be entitled to vote
for each share of stock held in his name
and may vote by proxy.
The election of Directors shall be by
ballot, and the majority in amount of
votes cast. each share OF stock voted to
be counted for one vote, shall elect the
person or persons for whom they have
been cast.
After each election the Board of Di-
rectors shall elect from their own num-
Der the officers of the said Company.
ARTICLE v.
The Board of Directors shall have full
power to fill vacancies in their number
caused by death, resignation or other
wise, from among the stockholders of
the Corporation.
The said Board shall have full con,
troll Of the property of this Company
and shall so conduct, manage and use
the same as IN their discretion they
deem fit, and ia consistent with the OBJ
jects Of this Company, or the welfare Of
the same.
The said Board is further authorized
to frame and adopt such bylaws, rules
and regulations as the affairs and bust
ness of the corporation may require,
and as 1t may deem necessary for the
conducting and management thereof;
provided the same shall not conflict
with the Charter, or with the laws of
the State, or of the United States.
The said Board shall elect or appoint
Secretary and such other officers,
agents, employees, servants and clerks
rs 1t may deem necessary for the con-
Quoting Of the business of the Corpora
ton; fix their compensation, term Of
service, with the right to dismiss them
at said boards pleasure; and said board
shall have the right to fix aud determine
the salary Of the said officers herein
provided for.
ARTICLE vi.
This Charter may be changed, modi-
fled or amended, the capital stock in
creased or decreased, or this corpora
ton may be dissolved, at general
meeting of the stockholders convened
for that purpose, with the assent of
three fourths of the entire capital stock,
whether present or represented at such
meeting.
Notice Of such meeting shall be given
as heretofore provided. In case of dis
solution or termination of this Corpor
ton, either by limitation of it's Charter
or from any cause, the liquidation of its
affairs shall be conducted by three Com
missioners, selected from the stock
holders, with like assent, and at q meet
ing called for that purpose. as above
set forth In this article. Said Commls-
sioners shall remain in office until the
affairs OF said Corporation shall have
been fully liquidated. In case of the
death Of one Or more of said Commits
sioners, the survivor or survivors shall
continue to act.
ARTICLE VII.
No stakeholder of this Corporation
shall ever be held liable Or responsible
for the contracts or faults thereof, in
any further sum than the unpaid bal
ance due the company on the shares of
stock subscribed for or owned by him,
nor shall any informality in organiza-
ton have the effect of rendering this
Charter null, or Of exposing q stock
holder to any liability, beyond the I'M
paid balance, II any, of his stock.
Thus done on this 8th day of March,
A. d. 1905, in the presence of Walter J.
McCants and John C. Allen, competent
witnesses, Of lawful age, and residents
of this parish, who hereuntO sign their |
aoS ,no trn fhor INIT h III nd
me, notary, after reading of the whole. |
THOMAS J. HOOD,
w. A. HOOD,
A. B. HOLIDAY,
w. B. GILLICAN,
G. F. MASON,
THOMAS NJ. BURNS,
J. B. WHEAT.
w. j. L'ENGLE.
Witnesses:
w. J. McCANTS,
JNO. C. ALLEN.
STATE OF LOUISIANA, !
Parish of Orleans. {
Before me, John j. Ward, a duly
qualified Notary, in and for said Parish
and State, on this day appeared Thomas
J. Hood, w. A. Hood, A. B. Holiday,
w. B. Chilean, g. F. Mason, Thomas
NJ. Burns, j. B. Wheat and w. j.
L'Engle, to me personally known to be
The identical persons whose names are
to the foregoing Charter and
to me in the presence Of
W. j. McCants and John G. Allen that
hey executed the same on the day and
late thereof, and it was on their own
rec and voluntary act, for the uses and
purposes therein expressed.
Witness my official signature and seal
It New Orleans, Louisiana, ON this 9Th
lay of March, A. D. 1905. IL
John J. WARD Notary puhlic |