St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1906-06-23


for the purpose aud business OF the
corporation. They shall have power to
fix and define the duties Of every officer
and employee. and all officers and en-
ployees shall hold Office and employ
ment at the pleasure of the Board. The
Board may make and establish, rs we'll
as alter and amend, any and al BY laws,
rules and regulations necessary and
proper In its judgment for the conduct,
support and management Of the Dusi-
ness and affairs Of said corporation.
The Board shall have full power and
and authority to borrow money. to exc
cute mortgages and to create liens; to
issue bonds, notes and other obliea-
tions, and generally to do all things
reasonable, convenient and necessary
for the proper carving on Of the bust
ness of the corporation.
The Board may issue full paid shares
OF stock for cash, or In payment OF Ia
Dor done, or property actually received
by said corporation.
ARTICLE vi.
Whenever this corporation may be
dissolved, either by limitation or from
any other Cause, its affairs shall be IL
quidated BY three Commissioners, to be
appointed from among the stockholders
convened for that purpose, Of which
meeting notice shall be given in the
manner and time provided for stock
holders meetings by Article VII Of
this Charter, and, q majority IN the
amount Of the capital stock Of said
company represented at such meeting
shall be requisite to elect. Slid Com.
missloners shall remain In office until
the affairs of said corporation shall
have been fully liqufdated. In case Of
the death of one or more Of said Com
missioners the vacancy shall be filled
by election by the surviving Commits
sioners.
ARTICLE VII.
This act of Incorporation may be noii-
fed, changed or altered, or said corpora-
ton may be dissolved, with the assent
OF three fourths Of the capital stock rem.
resented at q general meeting OF the
convened for sucl, purposes.
and after notices shall have been given
IN one or more newspapers published in
the town Of Covington. Louisiana, once
. week Tor four weeks preceding the
meeting, AMI by q written notice to
each stockholder, mailed to him thirty
days prior to the date of faeat;no . :. ~
postofice address designated By him in
writing
ANY changes proposed or made IN
reference to the carital stock ahall he
made in accordance with tie laws nf ths
State of LouisiaDa on the aubiect -. ~
altering the canifaI stccE nf $500
lions.
ARTICLE ynI
NO ssockholdef shall ever be held liz
o'e 1ol me oont!acts or faults OF said COR
po!sGon 10 any iurthef sum thnn the un-
pala oaleuoe que the corporation on the
'uaies u ssock owned oy him, nor shall
10y mere lniofmahty IN organization |
nave the eject OF rendering this Charter
aun. OF Of exposing stakeholder to any
lapl!ty oeyon q the uopaid amount re-
1a1o1nR aue on n1s stock.
ARTICLE TX
=,
!, Gay hiegs, Joseph Brig and Lewis L.
'lotean nave Ieen chosen and selected /
y .ne nIss board OF Directors Of this
; opo Mn. 20 servo &C. such until the
aceesots shall have been elected and
[uauneo;
IL LIE , saoscf'oers heIeunto have rsspec-
mount noun, o. stock in this corporation sub
!, =. ;.nso,polallon may also serve as
orstion : 1oeo4's '''ou iass OF ssid COZ