St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-03-02
CHARTER
OF THE
John B. CefaIu Commercial
and Improvement Co.
United States of America, State of Lou
isiana, Parish of st. TammanV.

day of the month of January, in the year of |
our Lord one thousand nine hundred and seven, |
before me, Lewis L. Morgan, notary pubic, |
duly commissioned, qualified and sworn, IN
and for the Parish of st. Tammany, State OF
Louisiana, and in the presence OF the witnesses
hereinafter named and undersigned, person. |
ally came and appeared the several persons
whose names are +tst suai1in@ fenssives Of
the laws of the State of Louisiana in such cases
made and provided, they have coVenanted ana
agreed, and do by these presents covenant ah9
agree and bind themselves, as well as all such
persons who may hereafter become associated
with them, to form a corporation, for the OBJ.
jectS and purposes and under the articles ana
stipulations following, to-Wlt:
ARTICLE |,
The name and style Of this eorporation shall
be the JOHN B. CEFALp COMMERCIAL AND
| IMPROVEMENT COMPANY and under its said
corporate name it shall have power and au-
| thorty to have and enjoy corporate existence
| and succession for the full term and period of
ninetv-nine years from and after the date
hereof; to contract, sue and be sued; to make
and use corporate seal and the same 10 after
and break at pleasure; to hold, receive, lease;
purchase and convey, as we'll as mortgage and
| hypothecate property, real, personal ana
/ mixed, corporal and incorporeal: TO name
| and appoint such managers, agents, directors
| and officers as its business, interest and con-
venience may require, and to make and estab-
| lish, as well as alter and amend, from time TO
| time, such bylaws, rules and regulations Tor
the proper government of the affairs OF SAID
| CORPORATION that may be necessary and proper.
ARTICLE IL.
The domicile of this corporation shall be in
the town of Covington, Parish of st. Tammany,
State of Louisiana, and all citations and other
legal process shall be served on the PRESIDENT
of said col poration, or in the event OF ms ao~
sence upon the Vice President, and in the abb
sence of both of these officers upon the Sec
rotary of this corporation,
ARTICLE iii.
The objects and purposes for which this cor"
poration is established, and the nature OF the
business to be carried on by it, are hereby de-
, clared to be: To engage in trade and barter; &c
build, construct, operate. buy, sell, lease OF
hypothecate all works of public improvement
or in the nature of public utility, or OF quasi
public nature, inclusive OF traction, powell gas
sale of their products or by-productS, Wheenel
said property be located in the State OF Louisi'
ana or in any other State of the United State:
r or possession of the United States or any TOR
eign country to purchase and otherwise ac
uure, lease, hold and sell real estate OF al
kinds and to improve said real estate and gen
! orally to hold and exercise all such incidenta
powers and privileges as relate to the oDlecI
and purposes herenaboVe set forth, and speci
} ally all the provisions of this charter ma!
} be performed in any State in the United States
! any possession thereof, and in any and al
= foreign countries.
ARTICLE ".
The capital stock of this corporation is here
} by fixed at the sum of ten thousand dollar
g 100000, divided into and represented by on
hundred 400 shares of the sum of one hundre'
dollars tSlOo) each: SAD stoeS , snalL De pau i
after such notice to the subscribers as may b
fixed by the Board of Directors, or the same ma
be issued at not less than par for labor done
| property actually received by the corporation
This CORPORATION shall become going con
| Germ and be authorized to do bushes as sool
as Five Thousand Dollars of its capital stoc
shall have been subscribed for.
ARTICLE v.
All the corporate powers of this corporation
= shall be vested in and exercised by Board
| directors to be composed of three StOckhold
e ers, to be elected annually on the flrst Mon
day in February in each year, except the mrs
: Board of Directors under this cnarter, Wn
r shall hold their ONCE Until the INST hohuay u
All such elections shall be held by ballot AM
Y conducted at the office of said corporation un
der the supervisor o. three nractose
Notice of such election shall be given by IN
t Secretary of the company by publication TO
not less than ten days prior thereto In news
!, paper published in the town or CoVinSeOn, St
| Tammany Parish, Louisiana.
At all such elections and at all corpofat
meetings every stakeholder shall be entitled
J" one vote for each share or STOCK stanaing u
q cast in person or by his written proxy, and
majority of the votes cast shall elect.
q Any vacancy occurring among the Board Q
of directors by death, resignation or otherwise
Q shall be flied by election for the remainder O
the term by the remaining directors.
Failnre to elect directors on the date abOV
specified shall not dissolve the corporation nc
impair the corporate management, but the di
rectors then in Office shall remain in office u1
J, til their successors are elected and qualified.
The first Board of Directors under this char
4 LII. FNafa1 sR NFDt1
ter shall be composed Of gonn D. f @ieb ion ion
B. Cefau shall be President, John D. Cefal
vice President and Salvador D. Cetalu Sec
rotary and Treasurer.
The Board of Directors from time to tim
NAV name and appoint all such other officer
and agents as 1t may deem necessary for TN
purposes and business OF the corporatloi
They shall have power to nix and define tn
duties of every officer and employee, and a
officers and employees shall hold office an
employment at the pleasure OF the Board.
f. The Board may make and establish, as well
alter and amend, any and all by"Iaws, rules an
,r regulations necessary and proper in its ludl
ment for the conduct, support and managemer
V of the business and affairs Of this corporation
) The Board shall have full power and authorit
n to borrow money! to execute mortgages and
create liens; to issue bonds notes and oths
q obligations and generally to do all thing
= requisite, reasonable, convenient and nece
y. sary for the proper carrying on OF the buslne
of this corporation.
# The Board may issue full paid shares of tt
capital stock for cash, or in payment for labt
lf done or property actually received by this Co
a ARTICLE vi.
Whenever this corporation may be dissolve
, either by limitation or from any other caus
n | it shall be liquidated by three commissioner
= to be appointed from the stockholders at
general meeting of stockholders convened II
-, that purpose, Of which meeting notice sfs
IL be given in the manner and time provided +
,. stockholders meetings by Article VII OF tn
- charter, and majority in amount of the cap
X tai stock of said company represented at sue
Ia meeting shall be requisite to elect. Said con
IL missioners shall remain III office until the a
- fairs of said corporation shall have been ful
= liquidated
* In case of the death of one or more of Sa
a commissioners, the vacancy shall be filed
W election of the surviving commissioners.
'e ARTICLE VII.
This act of incorporation may be modifie
changed or altered, or said corporation may
dissolved, with the assent of three-fourths
h the capital stock represented at gener
II meeting of the stockholders convened for tn
-I-nfIl l~eaRx erix7f