St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-03-16

auire, lease, hold and sell real estate of all
kinds and to improve said real estate and gen.
orally to hold and exercise all such incidental
powers and privileges as relate to the objects
and purposes hereinabove set forth, and speci-
ally all the provisions of this charter may
be performed in any State in the United States,
any possession thereof, and in any and all
foreign countries.
ARTICLE Nv.
The capital stock of this corporation is here
by fixed at the sum OF ten Thousand qotiars
fS1O,oO0l, divided into and represented by one
hundred (10Ol shares of the sum of one hundred
dollars tS1Ool each. Said stock shall be paid
for in cash at such times, in such amounts and
after such notice to the subscribers as may be
fixed by the Board of Directors, or the same may
be issued at not less than par for labor done or
property actually received by the corporation.
This corporation shall become going con"
Germ and be authorized to do buSineS as soon
as Five Thousand Dollars of its capital stock
shall have been subscribed for.
ARTICLE Y.
All the corporate powers of this corporation
shall be vested in and exercised by Board OF
ers to be elected annually on the f1rSt Mon
day in February in each year, except the flrSt
Board of Directors under this charter, who
shall hold their ottlce until the nfSt Monuay IN
February, 1908.
All such elections shall be held by ballot and
conducted at the office of said corporation un-
der the SUPERVISION of three commissioners to
be appointed by the Board OF Directors.
Notice of such election shall be given by the
Secretary of the company BY pubiicatlon for
not less than ten days prior thereto in news
paper published in the town OF COYington, 1T.
Tammany Parish, Louisiana,
At all such elections and at all corporate
meetings every stockholder shall be entitled to
one vote for each share OF stock standing in
his name on the books Of the company, to be
cast in person or by his written proxy, and a
majority of the votes cast shall elect.
Any vacancy occurring among the Board OF
of Directors by death, resignation or otherwise.
shall be filed by election for the remainder OF
the term by the remaining directors.
FaiInre to elect directors on the date above
specified shall not dissolve the corporation nor
impair the corporate management, Dut tne dl-
rectors then in Office shall remain IN ONCE un"
til their successors are efectea ana qualtneu.
The first Board of Directors under this char
ter shall be composed of John B. Cefa1u, John
D. Cefulu and Salvador D. Cefalu, OF Wnlcn John
B, Cefaiu shall be President, John D. Cetaiu
Vice President and Salvador D. Sefaiu Sec
retary and Treasurer.
The Board of Directors from ume 10 tlmc
may name and appoint all other of1cers
and agents as 1t may deem necessary TOR the
purposes and business of the corporation.
They shall have power to Fix and denne the
duties of every officer and emplyoyee, ana al
officers and employees shall hoid ofhce and
empIoyraent at the pleasure OF the Board.
The Board may make and establish. as well as
alter and amend, any and all bylaws, rules ana
regulations necessary and proper IN its Judg.
i11ert for the conduct. support ana nlanagemef
of the business and affairs OF this coTporatlo
The Board shall have full power ana autnop
to borrow money, to execute mortgages and
create liens: to issue bonds. notes and cu
obligations, and generally to do all ti1i
requisite reasonable, convenient and ne
sary for the proper carryingon Of the bus