St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1909-06-05
CHAPTER
OF THE
THOMAS & WILLIAMS REALTY
COMPANY, LTD.
United States of America, ]
State of Louisiana, )
Parish of st. Tammany.

United States of America,
State of Louisiana,
Parish of st. Tammany. J
Be it known, that on this 31st day
of the month of May, in the year of
our Lord one thousand nine hundred
and nine, and of the independence of
the United States of America, the
one hundred and thirty second: Before
me, Lewis Lowering Morgan, Notary
Public, duly commissioned, qualified
and sworn, in and for the Parish of
st. Tammany, State of Louisiana,
therein residing, and in the presence
of the witnesses hereinafter named
and undersigned, personally came and
appeared the several person whose
names are hereunto subscribed, who
severally declared that, availing them
selves of the laws of the State of Lou
isiana in such cases made and provid-
ed, they have covenanted and agreed,
and do by these presents, covenant
and agree to bind themselves, as we'll
as all such persons as may hereafter
become associated with them to form
a corporation for the objects and pur-
poses, and under the articles and stip-
ulations following, to-wit:
ARTICLE I.
The name of this corporation shall
be THOMAS & WILLIAMS REALTY
COMPANY LTD, and under its cor
porate name it shall have power and
authority to have and enjoy corporate
existence and succession for the full
term and period of ninety-nine (99)
years from and after the date hereof;
to contract, sue and be sued; to make
and use corporate seal, and the same
to alter and break at its pleasure; to
hold, receive, lease, purchase and con-
vey, as well as mortgage and hypothe-
cate property, real personal and mixed,
corporal and incorporal; to name and
appoint such managers, agents, dlrec-
tors and officers as its business, inter
est and convenience may require, and
to make and establish, as well as alter
and amend from time to time, such
bylaws, rules and regulations. for the
proper government of the affairs of
said corporation as may be necessary
and proper.
ARTICLE II.
The domcile of said corporation shall
be in the Town of Covington, Parish
of st. Tammany, State of Louisiana,
and all citation and other legal process
shall be served upon the President of
said corporation, or in the event of his
absence upon the VicezPresident there
of; in the absence of both of said Off
GERS on the Secretary of said corpora
ton.
ARTICLE III.
The objects and purposes for which
this corporation is established and the
nature of the business to be carried
on by it are hereby declared to be to
purchase, lease and own, to cultivate
and improve for it's own use, or others
immovable property of every descrip-
ton whatsoever in any parish of the
State of Louisiana or elsewhere in the
United States, and generally to hold
and exercise all such incidental powers
and privileges as relate to the objects
hereinabove set forth; as an adjunct
to said purposes, to construct, own and
operate steam boats, steam and cleo
trio railroads, warehouses and depots
as may be necessary to do in the de-
velopment and improvement of the
land now owned or hereafter to be
owned by this corporation; to build
bridges for toll, bore for oil, gas or
water and for minerals as the Com
pany may think proper, and to do all
things incident thereto.
ARTICLE ".
The capital stock of said company
is hereby fixed at the sum Of eighty
thousand dollars, divided into and rep
resented by 800 shares of stock, of the
par value of one hundred {$10000
dollars each. Said stock to be paid in
cash, at such times, in such amount
and after such notice to the subscrib-
ers as may be fixed by the Board of
Directors, or the same may be issued
at not less than par for labor done, or
property actually received by the cor
poration.
The corporation to become a going
concern and be authorized to do bust
ness as soon as ten thousand $50, 00O
dollars of its capital stock shall have
been subscribed for.
ARTICLE V.
All the corporate powers of said cor
poration shall be vested in and exer-
cised by Board of Directors to be
composed of not less than three nor
more than five stockholders to be elect
ed annually on the first Monday II
July of each year, except the first
Board appointed in this Charter, who
shall hold their office until the first
Monday in July 1910, and two ~ Di-
rectors shall constitute quorum fol
IL 81
All such elections shall be held BY
ballot and conducted at the office OF
said corporation, under the supervis-
ion of three 81 Commissioners to bt
appointed by the Board of Directors
and the Board of Directors being EN-
powered to decrease or increase it!
number at pleasure. Notice of sucl
election shall be given by the Score
tary of this corporation by publication
for not less than ten (10) days prio
thereto in a newspaper published IL
the Town of Covington, ST. Tamman.
Parish, Louisiana.
At all such elections and at all cor
porate meetings, every stockholdel
shall be entitled to one vote for eael
share of stock standing in his nam,
on the books of the Company, to b.
cast in person or by his written proxy
and majority of the votes cast shal
elect.
Any vacancy occurring among tn
Directors by death, resignation o
otherwise shall be filled by election TO
the remainder of the term by the re
naming Directors.
| The failure to elect Directors on tn
date above specified shall not dissolv
the corporation nor impair its corpor
ate management. but the Director
then in office shall remain in Office un