St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-01-23

CnaTLGr.
ARTICLE I.
The name and title of said corpora
ton shall be THE SANFORD MANU-
FEATURING AND REFINING COM
PANY, LIMITED, and under said
corporate name, it shall have power
and authority to have and, enjoy sue
cession for the full term and period
of ninety-nine years from and after
the day and 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 we'll
as mortgage and hypothecate, under
its corporate name, property, both
real and personal: to acquire any and
all such property (real and PERSONALLY !;
to buy, sell and hold the stocks, bonds
and securities of other companies en-
gagged in similar lines of business; to
erect all such buildings, machinery,
fixtures and 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 corporation.
ARTICLE II.
The domocile of said corporation
shall be in the Town of Covington,
Parish Of st. Tammany, in the State
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 Vice
President, or Secretary thereof.
ARTICLE III.
The objects and purpose for which
this corporation is established and the
nature Of the business to be carried
on by it, are declared and specified to
be as follows: To buy, sell, manufac-
ture and refine sugar, molasses, syrup
and all the by-products of sugar pro-
ducing substances, and to do any and
all other things incident or pertinent
for the promotion and success of the
objects and purposes and the business
hereinabove stated.
ARTICLE W..
The capital stock of this corpora
ton is hereby fixed at the sum of one
million dollars, divided into or repre-
sented by ten thousand 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 receive
ed or purchased by said corporation,
provided that all stock certificates
shall be signed by the President and
Secretary of said Corporation, and no
stock shall be issued unless the con-
sideration therefor has been received
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 therefor
This corporation shall commence
doing business as soon as three thou
sand dollars of it's capital stock shall
haye been subscribed for.
ARTICLE V.
All the corporate powers of said
corporation shall be vested in and ex-
ercised by a 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 a quorum
for the transaction of any business.
The said Board of Directors at its
first meeting following the election in
each year shall elect from its number
a President, a 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 saiC
corporation, and may make and estab.
lish, as well as amend and alter, al
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 o.
bonds, and generally to do all sucl
acts and things as may be necessary
to carry out the objects and purposes
of the corporation.
ARTICLE vi.
This act of incorporation, or am
article in this charter, may be chang
ed, altered or amended, it's capita
stock may be increased or decreased
or the corporation may be dissolved
at a general meeting of the stock
holders convened for such purpose
after notice shall have been given b!
mail; provided the owners of three
fourths of the shares shall vote il
favor of such change, alteration
amendment or dissolution, and provid
ed that notice of such changes as MAJ
be made in reference to the capita
stock shall be given as provided b,
law, and that no change in the capita
stock shall be made except in thu
manner and on the vote required b,
law.
ARTTCJ VIII
The First Board of Directors shall
consist of George E. Sanford, John
Sanford and T. A. Vaughan, O.
whom George e. Sanford shall b,
President and Treasurer, T. A
Vaughan, Vice President, and John
Sanford, Secretary, who shall con
tinue in Office until a new Board O.
Directors are elected, and new officer
selected.
ARTICLE VIII.