St. Tammany farmer., 1909-07-10

0 ed annually on the first Monday in
5 Board appointed in this Charter, who
: shall hold their office until the first
0 Monday in July 1910, and two (2) Di-
rectors shall constitute quorum for
0 the transaction of business.
0 All such elections shall be held by
) ballot and conducted at the office Of
D said corporation, under the supervis-
5 ion of three 81 Commissioners to be
D appointed by the Board of Directors,
} and the Board of Directors being en-
powered to decrease or increase it's
J number at pleasure. Notice of such
] election shall be given by the Secre-
tary OF this corporation by publication
for not less than ten (10) days prior
thereto IN newspaper published in
} the Town of Covington, St. Tammany
Parish, Louisiana
} At all such elections and at all cor
} porate meetings, every stockholder
} shall be entitled to one vote for each
share of stock standing in his name
on the books of the Company, to be
cast in person or by his written proxy,
and majority of the votes cast shall
elect.
Any vacancy occurring among the
Directors by death, resignation or
otherwise shall be filled by election for
the remainder of the term by the re-
naming Directors.
The failure to elect Directors on the
date above specified shall not dissolve
the corporation nor impair its corpor-
ate management. but the Directors
then in office shall remain in office un-
til their successors are elected and
qualified.
The Board of Directors shall elect
from their own number a President
and Vice President. They shall also
electa a Secretary and Treasurer, or
one person who shall be both, either
of whom may or may not be members
of the Board. They may, from time
to time, name and appoint all such
other officers and agents as it may
deem necessary for the purposes and
business of this corporation.
The Board may make and establish, |
\ as well as alter and amend, any and |
all bylaws, rules and regulations nec-
essary and proper in its judgement for |
the conduct, support and management |
of the business and affairs of said cor |
| POI CGlOAAs 4IIC DOOlu Shall nave 1uII |
power and authority to borrow money,
to execute mortgages and create liens;
to issue bonds, notes and other obliga- |
tions, and generally to do all things
reasonable, convenient and necessary
for the proper carrying on of the busi-
ness of the corporation.
ARTICLE VI.
Whenever this corporation may be
dissolved, either by limitation or from
any other cause, its affairs shall be IL
quidated by three (3) Commissioners
to be appointed from among the stock
holders, at general meeting of the
stockholders convened for such pur-
pose, of which meeting notice shall be
given in the manner and time provided
for stockholders meeting by Article
Z of this Charter, and majority in
amount of the capital stock of said
corporation, represented at such meet
ing shall be requisite to elect. The
said Commissioners shall remain in
office until the affairs of said corpora
tion shall have been fully liquidated.
In case of death of one or more of
said Commissioners, the vacancy shall
be filled by election by the surviving
Commissioner.
ARTICLE VII.
This act of incorporation may be
modified, changed CT altered, or said
corporation may be dissolved with the
assent of one fourth of the capital
stock represented a a general meet
ing of the stockholders convened for
such purpose, and after notice shall
have been given in one or more news
papers published in the Town of Cow
ington, st. Tammany Parish, State of
Louisiana, once week for four weeks,
preceding the meeting, and by written
notice to each stockholder mailed to
him thirty (30) days prior to the date
of the meeting.
Any changes proposed or made in
reference to the capital stock of this
corporation shall be made in accord
ance with the laws of the State of
Louisiana on the subject of altering
the capital stock of this corporation.
ARTICLE VIII.
No stockho1der shall ever be held Ii
able for the contracts or faults of said
corporation in any further sum than
the unpaid balance due the corporation
on the shares of stock owned by him,
nor shall any mere informality in or
ganization have the effect of render
ing this Charter null, or Of exposing
any stoekholder to liability beyond the
unpaid amount remaining due on his
stock.
ARTICLE TX.
Warren thomas and c. z. Williams
shall constitute the first Board of Di-
rectors of this corporation. with War
ren Thomas as President, with c. z.
Williams as Vice President, and Mrs.
G. z. Williams as Treasurer,
to serve as such until the first Monday
in July 1910, or until their successors
shall have been elected and qualified.
Thus done and passed in my office,
in the Town Of Covington, St. Tam
many Parish, State of Louisiana, on .
the day, month and year first above
written, in the presence of J. M. Claw
erie and E. D. Kentzel, two competent
who have signed these pres
ents with the said appearers and me,
Notary, after due reading of the whole.
WARREN THOMAS, 399 Shares.
MRS EFFIE THOMAS, l Share.
by WARREN THOMAS.
C. 2. WILLIAMS. 1913 Shares.
MRS. C. z. WILLIAMS, Share.
by C. z. WILLIAMS.
j. S. JONES, Share.
Witnesses:
j. Nj. CLAVERIE.
F. n KFNTZFI,