St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-12-12

in October of each year, who shall
serve until their successors shall have
been elected and qualified. The
board of directors shall elect from
their number their officers. No per-
son shall be eligible as director or
hold any Office Of this corporation who
is not stockholder. During the alb
sence of the president, the vice presi-
dent shall act and preside in his stead.
Notice of the election of the board of
directors shall be given in writing by
mail addressed to each stakeholder at
his usual place of business ten days
prior to aidselection and the board of
directors shall appoint one of the
stockholders to preside at said cleo
ton, and in event said stockholders
shall fail to attend, the president
shall appoint stockholder to fill his
vacancy. Any failure for any cause
whatever to elect directors On the day
named for that purpose shall not dis
solve this corporation but the directors
then in Office and the encumbent off
GERS shall continue to serve until their
successors are chosen. At every
election and meeting of the stockhold-
ers each stakeholder shall be entitled
to one vote for each share of stock
registered in his name and the vote
of the stockholders may be cast by
proxy. The election of directors
shall be by ballot and the majority in
amount of votes cast, each share OF
stock being counted as one vote,
shall elect the person or persons for
whom they are cast. The first board
of directorr of this corporation shall
be composed of Geo. S. Leatherberry,
Jr., Tom White and WILDER L. Nc
Crary, of whom Geo. S. Leather
berry shall be president, Tom White
vice president and WILDER L. Nc
Crazy secretary and treasurer, who
shall serve until their successors
shall have been elected and qualified.
ARTICLE vi,
The board Of directors shall have
full power to fill all vacancies in their
number caused by death, resignation
or otherwise from among the stock
board shall have full power and con-
troll of the property of this corpora
ton and shall conduct and manage
the same consistent with the objects
for which this corporation is organ
ICED and in accordance with the pro-
visions set forth in this charter. Said
board Is fufthef organized to adopt
such by laws, rules aad regulations as
the affairs and business Of this 0oEz
poration may require and as may be
necessary for the management of the
business thereof, provided the same
shall not conflict with this charter or
with the laws of the State of Louisi-'
ana. or Of the United States. The
boards of directors shalt eaegt or Rp-
point such further agents, servants,
clerks or other employees as they may
deem necessary for the conducting Of
the business affairs of this corporation
and to fix their compensation and the
terms of service, with the right to
dismiss them at pleasure.
ARTICLE VII.
This charter may be changed, modi-
fed or amended OF tbs capital stock
of this corporation increased OF de
creased, or this corporation may be
dissolved at a general meeting of the
stockholders convened for that pur-
pose with the assent of three-fourths
Of the entire stock present or repre-
scented at said meeting, thirty days
prior notice of such meeting being
given in weekly newspaper at Cow
ington, st. Tammauy Parish, Louisi.
ana and q written notice thereof
mailed to each stakeholder at his usual
place Of business forty days prior to
said meeting. In case of the dissolu-
ton or termination of this corporation,
either by limitation as herein fixed, or
otherwise, the affairs of this corpora
ton shall be liquidated by two com
missioners selected from among its
stockholders at meeting called for
that purpose, due notice of which
having been given as set forth In this
article. Said commissioners shall re-
main in office until the affairs of said
corporation shall have been fully
iquidated.
ARTICLE VIII.
No stakeholder of this corporation
shall ever be held liable, or response
BILE for the contracts or faults thereof
in any further sum than the unpaid
balance due said corportion on shares
of stock subscribed for and owned by
the stockholders; nor shall any in
formality in the organization of this
corporation have the effect of render
ing the charter null or exposing any!
stakeholder to any further liability
than the unpaid balance due on h
stock.
Thus done and passed at my notaT I
Office, in ,tf1e town of FranklintoI /
Parish of Washington, State of Lol ;
is ist ho on the DAY n month and ye
D. E. Branch and w. C. Wood, ii J
7petent witnesses, residing in
.o, IF Franklinton, who .sigf
own -ents together with SAID ]
hese nres me said Notary, er 1
and r.nrrnr0D{Y
ue reading. "A n n7r:p 4
GEO. S. Il " Whlte s
per Tol.- (. y
TOM WHITE.