St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-01-02

provided that all stock cert1ncateS
shall be signed by the President and
Secretary Of said Corporation, and no
stock shall be issued unless the con-
sideration therefor has beenireceived
by said corporation.
All transfers of stock shall be made
on the books of said company at it's
Office at Covington, St. Tammany
Parish, La, on the surrender of the
certificate therefors
This corporation shall commence
doing business as soon as three thou
sand dollars of it's capital stock shall
have been subscribed for.
ARTICLE V.
All the corporate powers Of said
corporation shall be vested in and eX-
erclsed by Board of Directors COM
posed of three stockholders to be
elected annually, on the first Thurs
day of February, the first election to
be held in 1910. At such election each
stockholder who may be present in
person or by written proxy, shall be
entitled to one vote for each share of
stock held by him, and majority of
votes cast shall elect; and the persons
elected at each election shall consti-
tute 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 directors 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
filled by the remaining directors. Two
directors shall constitute quorum
for the transaction of any business.
The said Board of Directors at it's
first meeting following the election in
each year shall elect from it's number
a President, Vice President, and a
Secretary, and shall appoint one of
said officers to act as Treasurer.
The Board shall also appoint from
time to time, and dismiss at pleasure,
such officers, clerks, agents and other
employees as they may deem necessary
for the business and purpose of said
corporation, and may make and estab-
lish, as well as amend and alter, all
bylaws, rules and regulations re-
quisite for the support and manage
ment of the business OF said company.
Said Board of Directors shall have
power and authority to. borrow money,
execute mortgages, issue notes Or
bonds, and generally to do all such
acts and things as may be necessary
to carry out the objects and purposes
of the corporation.
ARTICLE vi.
This act of incorporation, or any
article in this charter, may be chang
ed, altered or amended. it's capital
stock may be increased or decreased,
or the corporation may be dissolved
at general meeting of the stock
holders convened for such purpose,
after notice shall have been given by
mail; provided the owners of three
fourths of the shares shall vote in
favor of such change, alteration,
amendment or dissolution, and provid-
ed that notice of such changes as may
be made in reference to the capital
stock shall be given as provided by
law, and that no change in the capital
stock shall be made except in the
manner and on the vote required by
law.
ARTICLE VII.
The First Board Of Directors shall
consist of George E. Sanford, John |.
Sandford and T. A. Vaughan, of
whom George E. Sanford shall be
President and Treasurer, T. A.
Vaughan, Vice President, and John l.
Sanford, Secretary, who shall con-
tinue in Office until a new Board of
Directors are elected, and new officers
selected.
ARTICLE VIII.
No stockholder shall be held liable
or responsible for the contracts or
said corporation in any further sum
than the unpaid balance, if any, due
on shares of stock owned by him, nor
shall any mere informality in organiza-
tion have the effect of rendering any
stakeholder liable beyond the amount
due on his stock, or of annulling this
charter
Witnesses:
w. A. WHITE
J, V. ROBINSON.
GEORGE E. SANFORD, so Shares.
JOHN /. SANFORD, l Share.
T. A. VAUGHAN, l Share.
HARVEY E. ELLIS,
Notary Public.
I hereby certify that the above and
foregoing is a true and correct copy
of the charter of the SANFORD
MANUFACTURING & REFINING
| COMPANY, LIMITED, and that
same is duly recorded in the Mortgage
Records of St. Tammany Parish, La,
in Mortgage Book P, page 1876.
J. T. STROBLE,
DIV. Clerk and Ext -Officio Recorder.