St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-04-23

Every Board Of Directors shall elect
President, a Vice-President ana a
Treasurer, who shall also be the Score
tary. from among their own number.
The officers as herein created shall
be filled for the ensuing year as fol-
lows: President, II. H. Smith; vice
President A. v Smith; Secretary
Treasurer, A. r. Smith.
ARTICLE VIII.
Any vacancy occurring in the Board
Of Directors. from any cause. shall be
filled by the remaining members OF the
Board OF Directors, from among the
stockholders Of the corporation; three
80 members Of the Board shall con-
stltute quorum thereof, unless other
Wise provided by the Board Of Dirsc-
tors.
The Board of Directors shall make
such bylaws, rules and regulations al
they think necessary, and change and
alter the same at pleasure Name and
appoint other Officers and employees
and fix their salaries, term of service
with the right to dismiss Thorn at said
Boards pleasure. And said Board
shall have the right to determine and
fix the salaries and duties Of the sew.
eral offlcers herein provided for, and
VIII best subserve the interest and wei.
fare of the corporation.
Ihey shall also have the power tc
sell, convey mortgage, pledge, lease
sub-lease ana purchase property, NOV.
able, tmmovable. personal and mixed
borrow and lend money, and issue note,
and bonds, make contracts and to dc
all things which may be necessary tc
properly transact the business of this
corporation.
ARTICLE TX.
Thls act of Incorporation may be
changed modified or amended or said
corporation may be dissolved with the
consent of majority Of tho amount
OF stock, present or represented at a
general meeting Of the stakeholder.
Of said corporation, and convened TO,
such purpose, after thirty days pre-
eious notice of such meeting shall have
oeen given by advertisement in ono OF
the newspapers published in the Par
tons during said time.
whenever this corporation is dis
solved, either by Limitation or from
any other cause, it's affairs shall be
llquidated under the superintendence
Of three commissioners chosen for the
purpose from among the stockholders
by majority in amount of the stock
holders, as above set forth In this
article. In the event of the death or
inability ito act Of any one of said
commissioners, the survivors shall con-
tinua to act.
ARTICLE x.
No stakeholder Of this corporation
shall ever be hold liable or response
~ L,
In any further sum than tho unpaid
balance due the corporation en- the
shares subscribed for or owned BY
him. nor shall any informality in or
ganization have the effect Of rendering
this charter null. or exposing q stock
holder to any liability beyond the UNI
paid balance. If any, OF his stock.
THUS DONE AND PASSED in my
notar1al ONCE. in the Town Of Covins-
ton. Parish Of st. Tammany, State Of
Louisiana on the day. month and year
herein first above written, in the pres
ence Of AUGUST COIG and G. BOU-
DOUSQU1E, competent witnesses Of
lawful age, and residents Of said town,
who hereunto sign their names, to-
sether with said parties and me, No
tary, after reading of the whole.
Witnesses:
(Signed) AUGUST COIG.
(Signed) G. BOUDOUSQUIE.
(Signed HARDY H. SMITH,
70 sares
(Sisned) A " SMITH, 40 shares.
(Sisned) ARCHIE r. SMITH,
10 shares.
(Signed) BARCLAY NJ. SMITH,
20 shares
(SignedD EDW. H. RICHARD,
Notary Public