St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-12-31

a going concern as soon as five thou
sand dollars of its capital stock shall
have been subscribed and paid for;
the residue of said stock 10 be issued
and payment made therefor; said
stock shall be fully paid at the time
Of its issuance and thereafter nom
assessable, and the capital stock may
he increased or decreased in the man
ner provided by the laws OF this
State.
The parties to this act declare that
thew hereby subscribe for the num-
her or shares of said capital stock
set opposite their respective sigma
lures hereto, so that this act OF in
corporation shall serve as an origi-
nal subscription.
" ARTICLE v.
All the powers OF this corporation
shall he vested in and be exercised
by a board of three directors, to be
elected each year by the stocknolo-
ers at the annual meeting, the said
directors shall be bona fide stock
holders. and the first board shall
consist of James S Jones, Thomas
C., Adams and E. Jones, with James
S. Jones as president, Thomas =.
Adams, vice president and treasurer.
and E. Jones secretary
On the Saturday next preceding
the second Monday of December,
1911. and annually thereafter, except
when such day shall fall on a legal
holiday, then upon the next follow
ing lay-day, the stock holders shall
elect a board of directors for the
ensuing year, the board already IN
stalled to continue to hold over until
their successors are elected and quail
fed. The board of directors so elect
ed shall elect from their own number
the officers of the corporation whicn
shall be a president, vice president
and treasurer and secretary. the
election of directors shall be by
ballot, and the persons receiving the
largest number of votes cast shalI
be declared elected.
For electing directors, or for any
! other purpose, each share OF stock
whether present or by proxy, shall
| be entitled to one vote, and major
/ ity of the votes cast shall be required
| to pass any resolution or decide any
| question submitted to the stockhold-
ers except for the alteration or
| amendment of this charte, or the
dissolution of the corporation, as
hereinafter provided.
The said board of directors shall
have power and authority to make
all necessary rules and regulations
for the management, operation ana
control of the business of the corpor-
alton, as we'll as to make all neces-
Isary rules and bylaws, with power
to fill any vacancy occurring In their
number. A majority of the directors
voting at any one time, in person or
by proxy, shall be required to pass
any resolution or adopt any bylaws,
land which, when adopted, shall be-
come valid corporate acts,
ARTICLE vi.
| Notice of all meetings OF stock
holders, for electing directors. or for
sany other purpose, shall be given, In
, writing, by the secretary, to be de-
posted in the mail at least ten days
before such meeting, directed to each
) ! stockholder at his last known ad-
| dress, appearing upon the books OF
the corporation, unless said notice Ia
waived in writing by all the stock
holders appearing as such upon the
| books.
Il ARTICLE VII.
Il Whenever this corporation is dis
solved, either by Limitation of Its
charter or from any other cause, Its
affairs and business shall be liqui'
, dated by three commissioners, to be
+ appointed from among the stock
. holders, at a general meeting there
i of, to be convened after ten days
y prior notice to be given in one o.
the newspapers published in the towr
o Of Covington, in addition to the no
a tice to each stockholder provided IL
: Article vi hereof, and by the affirma
9 tive vote of three-fourths of the stool
8 of the corporation shall have beel
d fully liquidated; and, in case of th'
j. death of one or more of such com
missioners, the survivors or survive
shall continue to act.
IL ARTICLE VIII.
II This act of incorporation may b
y modified, added to, changed o
e amended or this corporation ma
a be dissolved by and with the assen
"a of the holdeds of three-fourths Il
J. amount of its then outstanding cap1
is tai stock, given at gsneral meet
te ing of the stockholderg OF the col
r. poration. to be convened for sue
10 lpurpose after ten days prior motto
le to be given in one OF the newspaper
=: published in the town of CovingtoI
u in addition to the notice to the stock
e. holders as provided in Article VI
Id this charter.
I'd ARTICLE TX.
ed No stockholders shall be hel
ed liable or responsible for contracts
Id faults of this corporation, in an
further sum than the unpaid balant
due to the corporation ON the share
ms owned by him, nor shall any mel
n, informality in organization ahave e
on feet of rendering this charter null
be of exposing q stockholder to liabili'
lis beyond the amount of his unpal
ny stock, If any.
Thus done and passed, at my ofi1'
in the town of Covington, in the pre-
or ence of Messrs. s. c. Hart and Geort
ed Sawaya, competen witnesses, WI
re hereunto signed their names, t
of gether with said appearers and m
ar notary, after due reading of II
.s; whole.
in, Witnesses:
yal S. C. HART.
,al GEORGE SA WAYA.
es, Original signed:
ali JAS. s. JONES, 48 shares,
|tb THOMAS C. ADAMS, l shar
or e. JONES, share.
,,ol FRED I HEINTZ JR