St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1907-03-09
CHA r TER
OF THE
John B. CefaIu Commercial
and Improvement Co.
United States of America, State of Lou.
isiana, Parish of st. Tammanv.

BE 1T KNOWN, That on this twenty-fifti
| day OF the month of January, in the year o
our Lord one thousand nine hundred and seven
before me, Lewis l.. Morgan, notary public
| duly commissioned, qualified and sworn, il
and for the Parish of St. Tammany, State O.
| Louisiana, and in the presence of the witnesses
hereinafter named and undersigned person.
| ally came and appeared the several persons
| whose names are here0nto subscribed. who
seVerally declared that, awaiting themselves Of
the laws of the State of Louisiana in such case:
made and provided, they have covenanted anc
| agreed, and do by these presents covenant anC
agree and bind themselves, as we'll as all such
| persons who may hereafter become associated
with them, to form corporation, for the OBJ.
| jectS and purposes and under the articles and
| stipulations following, to-wit:
ARTICLE |,
The name and style of this corporation shall
| be the JOHN B. CEFALU COMMERCIAL ANE
| IMPROVEMENT COMPANY and under its said
corporate name it shall have power and au-
| thority to have and enjoy corporate existence
and succession for the full term and period OF
ninety-nine years from and after the date
hereof; to contract sue and be sued; to make
and use corporate seal and the same to altel
and break at pleasure; to hold, receive, lease
purchase and convey, as we'll as mortgage and
hypothecate property, real, personal and
mixed, corporal and Incorporate: 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 tC
| time, such bylaws, rules and regulations fol-
| the proper government of the affairs of SaG
| corporation that may be necessary and proper
ARTICLE II.
| 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 his alb
| sence upon the Vice President, and in the alb
| sence of both of these officers upon the Sec
| rotary of this corporation,
ARTICLE Ill.
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; tc
| build, construct, operate. buy, sell, lease OIL
or in the nature of public utility, or of quasi
public nature, inclusive of traction, power. gas
| electric, water plants, and the manufacture and
| sale OF their products or by-products, whether
said property be located in the State of Louisi-
| ana or in any other State of the United States
| or possession of the United States or any for
| eign country to purchase and otherwise &C.
quire, lease, hold and sell real estate of all
| kinds and to improve said real estate and gen.
orally to hold and exercise all such incidenta
| 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 ~.
The capital stock of this corporation is here
! by fixed at the sum- of ten thousand dollars
| $4,000, divided into and represented by one
| hundred Q00l shares of the sum of one hundred
dollars (SlOO) 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 OF
property actually received by the corporation,
This corporation shall become a going con-
Germ and be authorized to do bushes as soon
as Five Thousand Dollars of its capital stock
shall have been subscribed for
'.~ ARTICLE v.
All the corporate powers of this corporation
shall be vested in and exercised by Board OF
Directors, to be composed of three stockhold-
erS, to be elected arFTnlally on the first Mon
day in February in each year, except the first
Board of Directors under this charter, who
shall hold their office until the first Monday in
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 shaIIbe given by the
Secretary of the company by publication for
not less than tenidays prior theretoin news
paper published in the town of Covington, St.
Tammany Parish, Louisiana.
At all such elections and at all corporate
meetings every stakeholder 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 filled by election for the remainder of
the term by the remaining directors;
Fainre to elect directors on the date above
specified shall not dissolve the corporation nor
impair the corporate management, but the di-
rectors then in office shall remain in office UNI
til their successors are elected and qualified.
The first Board of Directors under this char
ter shall be composed of John B. Cefalu, John
D. Cefulu and Salvador D. Cefalu, of which John
B. Cefalu shall be President John D. Cefalu
Vice President and Salvador D. Cetalu Sec
retarY and Treasurer.
The Board of Directors from time to time
may name ard appoint all such other officers
and agents as 1t may deem necessary for the
purposes and business of the corporation.
They shall have power to fix and define the
duties of every officer and employee, and all
officers and employees shall hold office and
employment at the pleasure OF the Board.
The Board may make and establish, as well as
alter and amend, any and all bylaws, rules and
regulations necessary and proper in its iudg-
ment for the conduct, support and management
of the business and affairs of this corporation.
The Board shall have full power and authority
to borrow money, to execute mortgages and to
create liens; to issue bonds, notes and other
obligations, and generally to do all things
requisite, reasonable, convenient and neces-
sary for the proper carrying on OF the business
of this corporation.
The Board may issue full paid shares of the
capital stock for cash, or in payment for labor
done or property actually received by this cor
coration.
ARTICLE VI.
Whenever this corporation may be dissolved,
either by limitation or from any other cause,
it shall be liqudated by three commissioners,
to be appointed from the stockholders at a
general meeting of stockholders convened for
that purpose; of which meeting notice shall
be given in the manner and time provided for
stockholders meetings by Article VII of this
charter, and majority in amount of the capi-
tai stock of said company represented at such
meeting shall be requisite to elect. Said COM
missioners shall remain III office until the af~
fairs of said corporation shall have been fully
liquidated. g..
in case of the death of one or more of SAN
commissioners, the vacancy shall be filed W
election of the surviving commissioners.
ARTICLE VII.
This act of incorporation may be modifieN
changed or altered, or said corporation may @
dissolved, with the assent of three-fourths
the capital stock represented at gene
meeting of the stockholders convened for TIL