St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-04-03
VOL xxxv NO %.

ness of etfectfng insurance of ali kinds whether
tlre, life, accident, tornado. casualty, fldellty,
rivet, marine or other insuFances, and foT the
purpose OF operating q general agency busI-
ness for the purchasing ofreal estate and for
the Improvement of the same, to buy, sell, hy-
pothecate, mortgage. effect and exchange any
and all kinds of real property, improve and
unimproved, to conduct building and loan as
sociation business, such as IS authorized by the
/ laws of the State of Louisiana, to act as agents
or brokers for any kind oflegitimate hus ness.
to act as real estate agents for the buying and
selling of lands commission, as rental agents
for the collection of rents, and all other bus-.
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 II.
/ The capital stock OF this corporation Is fixed
| at the sum of five thousand (S5000 0o dollars.
dlVlded into one hundred shares of hfty doll
lars each, with the privilege by vote of two-
thirds of the shareholders TO increase the capi-
tai stock to ten thousand dollars. The said stock
to be paid for in labor or service rendered the
corporation or in cash at the time of the cor
poration, or when called by the Board of Di-
fectorS, 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 1t shall have first been
eftered through the Board of Directors to the
old stockholders. who are to have the privi-.
days from the date of notification.
Article HI.
he corporate powers of the company shall
be vested in Board of Directors, composed of
three stockholders, of whom two shall eonsti-
tate a quorum and they shall be elected annu-
any BY the stockholders either viva voce or by
eallot: as the bylaws may determine, on the
Hfst Monday in February, beginning with 9l0,
each share being entitled to a separate vote.
But majority ofall the stock shall be required
to elect the members of the Board.
The tlrst president shall be Jasper E. Nilsson,
and the first secretary and treasurer shall be
Geo. t. Sears, and these shall be ex-officfo mem
ners Of the Board, Francis ]. Keller constituting
lhe third member, and these shall all hold office
antli the flrst Monday in February, 10 10, or un-
Ill their successors have been elected and
quallfied. and Shall have power to fill vacancies
on the Board, the secI etary and treasurer how
ever ever actlng as president until successor has
been chosen.
. Bylaws may be adopted, prescribing and de-
ming the powers and duties of the several
ofncers OF this corporation, and fixing their
If thought advisable.
in case the Board of Directors deem it adj
Visaple to separate the functions of secretary
and treasurer, it may authorize the president
@ employ a person not necessarily a stock
nolaer to act as secretary.
Article w.
In case OF the dissolution of this corporation
me stockholders may elect one or two Iiauida-
tors to liqudate its affairs; if two are chosen,
hen in ease OF the death or disability ofsone,
iqufdatoF.
Article V.
70 Stockholder Of this corporation shall ever
DC held liable for the contracts, Indebtedness
y faults thereof in any further sum than the
mares owned by him. nor shall anyinformality
n organization have the the effect of render
hg tnls charter null or exposing stockhelder
Q Q a any LIABILITY beyond the amount Of the un
oald balance due on his stock.
Article vi.
!, Failure to hold the meetings provided for in