St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-10-15

| law to corporations; it shall have
| power to contract, sue and be SUED
| in it's corporate name, to make and
| use a corporate seal, to hold, re-
ceive, purchase, convey, mortgage,
hypothecate and pledge property both
real and personal, issue bonds, notes
and other obligations, to have and
employ such managers, directors, OIL
GERS, agents and other employees as
the interest and convenience OF the
said corporation may require, and to
make all regulations for the proper
management and control of the at
fairs of the said corporation, through
it's board of directors as may be
necessary and expedient.
ARTICLE II.
The domicile of this corporation
shall be in the town of Covington,
Parish of St. Tamany, State of Lou
isiana. All citations and other legal
process shall be served upon the presi
dent of the said corporation, in his
abscene upon the vice president, and
in the absence of both the president
and vice president, then the service
shall be made upon the secretary.
ARTICLE Ill.
The objects and purposes of this
corporation and the nature of the
business to be carried on by it are
hereby agreed to be: To purchase,
receive, hold, lease, otherwise &C
quire mines, mineral lands, mining
rights, Gains and privileges, or real
estate in the State of Louisiana or
elsewhere in the United States of
America, and to prospect, explore,
examine, test, develop, open, work,
or in any manner use or turn same
to advantage, to prospect and search
for natural gas, oil, petroleum., coal,
salt, sulphur, or other mineral or
elements of use or value, to investi-
gate examine and test lands in locali-
ties where same are supposed to exist
such wells, pits or shafts as may be
deemed expedient for that purpose,
and to drill, bore, dig or put down
to mine, dig, blast, excavate, pump or
otherwise obtain or procure, natural
gas, Oil, petroleum, coal, salt, sui
phur or other minerals or subtances
of use or value, and to prepare, puri-
convey, store, warehouse, sell or
otherwise use or dispose of same; to
drill, bore or put down, excavate or
make, and maintain, repair, operate
and work any wells, shafts, mines or
works that may be necessary or con-
yenient to accomplish and carry on
the objects and purposes herein set
forth; to build, erect, repair, main
tain and operate any buildings,
houses, pumps, machinery, appara
tus, works, railroads, tramways,
boats, barges, canals, levees, reser-
voirs, pipe lines, tanks or other
things that may be necessary OR ex-
pedient to accomlish and carry on
the objects and purposes herein set
forth, and in general to do and act
anything necessary, convenient or
incidental to the accomplishment of
said subjects AMI purposes.
ARTICLE w.
The capital stock of this .orpora-
ton is hereby fixed at the su of
twenty-five thousand dollars, to be
divided into and represented by
twenty-five thousand shares of the
par value of one dollar, which capt.
tai stock shall be increased or de-
creased in the manner provided by
the laws of the State of Louisiana.
Said stock shall be paid for in cash,
or it's equivalent in personal or real
property received for services rend-
cred, Or labor performed in such
manner and under the terms such
as the board of directors may fix or
determine, but no certificate of stock
shall be issued until the same has
been paid for either in cash or prop
erty received, services redered or
labor performed. No transfer of
stock shall be binding upon this cor
poration unless recorded upon its
books, and until the certificate of
stock shall have been delivered to
the corporation and duly cancelled.
ARTICLE v.
All the corporate powers of this
corporation, and the management
and conrol of it's Affairs shall be vest
ed and exercised by a board of
directors, composed of nine stock
holders, of whom five shall consti-
tute quorum for the transaction of
business; the number of said board
OF directors may be increased at the
option of the said board of directors,
but in cases a majority of the num-
Der of the said board of directors
shall constitute quorum thereof.
Said board of directors shall be elect
ed on the third Monday of the month
October of each year, and shall i'm
mediately after the election elect
from among their number a presi-
dent, vice president and treasurer,
each of whom shall be stockhalder.
They shall also elect a secretary, who
may or may not be a stakeholder.
Each stakeholder shall be entitled in
person Or by proxy to one vote for
every share of stock owned by him
or her. All elections shall be by
ballot and held at the office of the
said corporation, under the superin-
tendence of two commissioners to be
appointed for that purpose by the
board of directors. A majority of
the votes cast shall elect said board
OF directors who with the officers
thereof shall continue in Office for
one year, and until their successors
have been elected and qualified.
Notice Of the election of board of
directors shall be given by publica-
ton in s;ome newspaper published at
the dom .icile Of the corporation for a
period of at least ten days previous
to said election, and by written notice
mailed to the last known address of
each stakeholder at least ten days
previo us to said election. The first
of the board of directors
under this charter shall take place
ON tile third Monday of October,
1911 until which time, or until their
ST. ce ;sors have been duly elected and
quaI flied, the following persons shall
constitute the first board of directors,
namely DR.. A. H. Grimmer, DR.. D.
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