St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1908-10-17
Charter
of the
Sanford, Vaughan Co., Ltd.
State of Louisiana,

Belt KNOWN, That on this 4th day
of September, in the year of our Lord
one thousand nine hundred and eight,
and Of the Independence of the United
States of America, the one hundred
and thirty-second.
Personally came and appeared before
me, Harvey E. Ellis, a Notary Public in
and for the Parish of st. Tammany,
State oh Louisiana, duly commissioned
and qualified, and in the presence of the
witnesses hereinafter named and under
signed, the persons whose names are
hereunto subscribed, all of full age
and residents of st. Tammany Parish,
La, who declared that, awaiting them
selves of the provisions of all laws
of this State relative to the orgniza-
ton of corporations, they have con-
tracted and agreed, and do by these
presents mutually contract and agree
and bind and obligate themselves,
their successors and assigns, as well
as all such other persons as may
hereafter become associated with
them, to form and constitute cor
poration and body polite in law, for
the objects and purposes and under the
conditions, agreements and stipula-
tons following, which they hereby
adopt as their charter:
ARTICLE /.
The name and title of said corporation
shall be THE SANFORD, VAUGHAN
co LIMITED, and under said corporate
name, it shall have power and athority
to have and enjoy succession for the
full term and period of ninety-nine
years from and after the day of date
hereof; to contract, sue and be sued;
to make and use a corporate seal and
the same to break or alter at pleasure;
to hold, receive, lease, purchase and
convey, as well as mortgage and n.y.
pothecate, under its corporate name,
property, both real and personal; to
acquire any and all such property
(real and personally erect all such
building, machinery, fixtures and ap-
appliances and apparatus, and do all
such acts and things, as are or may
be necessary and proper to carry out
the objects and purposes of said corpo-
ration.
ARTICLE II.
The domicile of said corporation
shall. be in the Town of Covington,
Parish of st. Tammany, in the State
of Louisiana, and all citations or other
legal process, shall be served on the
President of said corporation, or in
case of his absence, upon the secreta-
ry thereof.
ARTICLE III.
The objects and purpose for which
this corporation is established and the
natare of the business to be carried
On by it, are declared and specified to
be as follows:
Topurchase and improve real estate,
and to sell and dispose of the same.
To construct buildings, to make plans,
specifications, contract for and super
intend all kinds of construction work.
To manufacture and deal in all build
ing materials, and other articles. To
do surveying and engineering. To
manufacture, operate and sell sugar
refining apparatus or other machinery.
And to act as agents or managers of
any business that may be entrusted to
them; and to do any and all other
things incident or pertinent for the
promotion and success of the objects
and purposes and the business herein
above stated.
ARTICLE
The capital stock of this corpora
ton is hereby fixed at the sum of
Ten Thousand Dollars, divided into or
represented by one hundred shares of
one hundred dollars each, which stock
may be issued at not less than par for
cash, or in payment or exchange for
property or rights actually received
or purchased by said corporation, pro-
vided that all stock certificates shall
be signed by the President and Secre-
tary of said corporation, and no stock
shall be issued unless the consideration
therefor has been received by said
corporation.
All transfers of stock shall be made
on the books Of said company, at its
office at Covingtons, st. Tammany
Parish, La, on the surrender of the
certificate therefor.
This corporation shall commence
doing business as soon as three thou
sand (3,000.00) dollars of its capital
stock shall have been subscribed for.
ARTICLE v.
All the corporate powers OF SAID cor
poration shall be vested in and exer-
cised by Board of Directors com
posed of three stockholders to be elect
ed annually, on the first day Of Janu-
ary; at such election each stakeholder
who may be present in person or by
written proxy, shall be entitled to
one vote for each share of stock held
bv him. and majority of votes cast
shall elect; and the persons elected
at each election shall constitute the
Board of Directors for the ensuing
term, shall at once take their seats as
such, and shall serve and continue in
Office until their successors shall have
been elected. A failure to elect di-
rectors as above provided shall not
dissolve the corporation, but the Board
of Directors in office at the time of
such failure shall continue to act until
an election shall be held.
Vacancies occurring in said board
from any cause whatsoever, shall be
filed by the remaining directors. Two
directors shall constitute quorum for
the transaction of any business. The
said Beard Of Directors atits first meet