St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-04-10

+ ness of effecting insurance of all kinds Whethe
fire, life, accident, tornado, casualty, fidelity
I rivet marine or other insurances, and for the
purpose of operating general agency bIlsi-
ness for the purchasing of real estate and for
the Improvement of the same, to buy, sch, kty-
| pothecate, mortgage, effect and exchange any
ana all kinds OF real property, improve ana
unimproved, to conduct building and loan as
sociation business, such as is authorized by tae
laws of the State of Louisiana, to act as agen$
or brokers for any kind of Legitimate business,
to act as real estate agents for the buYiLg and
selling of lands on commission, as rental agents
for the collection of rents, and all other busi-
ness incidental thereto or advantageous in
connection herewith.
Citation and all process Shall be served on
the president, and in his absence upon the
secretary and treasurer
This corporation shall have all the rights and
privileges granted by law to corporations.
Article III.
The capital stock of this corporation is fixed
at the sum of five thousand 5000 00l dollars,
divided into one hundred shares of fifty iot-
lars each, with the privilege by avote Of two
thirds of the shareholders tofincrease the capi-
tai stock to ten thousand dollars. The said stock
to be paid for in labor or service rendered sthes
corporation or in cash at the time of the cor
poration, or when called by, the Boardsof Diz.
rectors, or in property actually received by IT.
No sale or transfer of stock shall be made to
any person not already holding stock in this
corporation, unless it shall have first been
offered through the Board of Directors to the
OLD stockholders, who are to have thes briyis
days from the date of notification.
Article ILL.,. NJ
The corporate powers of the company shall
be vested in Board of Directors, .compos 6f
three stockholders, of whom two shall coTssti.
tute quorum, and they shall be elected a41nIf4ss
ally by the stockholders either vfYaWoce orf1ys@
6allot: as the bylaws may deterHliEes On the
hrst Monday in February, beginning With 1910
each share being entitled to a separate vote
But majority of all the stock shall be rehuiTed
to elect the members of the Board. a.Es
The first president shall be Jasper s. Niison.
and the first secretary and Treasurer sshaA ,ieae
Geo. E. Sears, and these shall be ex-officfO s1e
bers Of the Board, Francis ]. Keller constitES
the, third member, and these shall az bolaad
until the first Monday in February, ~ IUsEEfV2
til their successors haYe been elested
qualIHed. and shall have power to fl iliVagAf
on the Board, the secl etary and tFeaSureA39
ever acting as president until a suocessor
been chosen. sSs1s
By-laws may be adopted, prescribing ana
hnlng the powers and duties of Tie sew
officers of this corporations, and EStrsRNN
compensation, If thought advisable.
In case the Board of Directors deem t
Visabie to separate the functions of secre
and treasurer, it may authorize the prss
to employ person not necessarily ST
holder to act as secretary.
Article w
In case Of the dissolution of this corporation
the stockholders may elect one or two Iiquida-A
tors to iiquidate its affairs if two are chosen.
then in case of the death or disability of one
the survivor shall have the right to at Is sole
Article "
No stockholder of this corporation shall ever
be held liable for the contracts, Indebtedness
or faults thereof in any further sum than the
unpaid balance due the corporation On the
shares owned by him, nor shall any inforinaIity
in Organization have the the effect of render
ing TINS charter null or exposing stockholder
to any liability beyond the amount of the ull-
paid balance due on his stock
Article vi.
Failure 10 hold the meetings provided for In
the foregoing articles for the election of di-
rectors and officers at the time specified shalt
not work forfeiture of this charter, and the
officers and directors shall hold their places
until their successors are elected
Thus done and passed at my Office In the
town of Covington, Louisiana, on the days
month and year first above written in the
presence of Horace K. Alexius and Tllos. Mont
gomery, competent witnesses. residing In tfis--
town, who sign their names hereto with SAID
parties and me, notary after reading of tn
whole.
Original signed JASPER E. NILSSON,
GEO. E. SEARS.
T. u KELLER.
HORACE r. ALEXlUS,
THOS. M0NTGOMERY
EDW. II. RICHARD, Notary Public.
A true copy
E6w. Il. RICHARD. Notary PubIic
State of Louisiana, Parish ofSt Tan1many,
Clerks Office.
certify that this instrument was filed for
record February 20, 1909.
Recorded in Mortgage bookP, pagef32 ct seq.
W. E. BLoSsMAN,
Deputy Clerk and Ex-officio Recorder.
4