St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-17

and agreed and these by present cove
stitute themselves, as we'll as such
other persons who may hereinafter
join or become associated with them,
into a corporation and body polite
in law, and for the objects and pur-
poses, and under the agreement and
stipulations following to-wit:
ARTICLE 1.
The name and style of this cor
poration shall be the Covington Oil
and Mineral Company, and under
that name it shall have and enjoy
all rights and privileges granted by
law to corporations; it shall have
power to contract, sue and be sued
in its 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. OFF,
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 af-
fairs of the said corporation, through
its 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 III.
The objects and purposes of this
corporation and the nature of the
business to be carried on by 1t are
hereby agreed to be: To purcahse,
receive, hold, lease, otherwise ac-
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
sui
phur or other minerals or subtances
of use or value, and to prepare, puri-
fy, refine, manufacture, transport,
| convey, store, warehouse. sell or
otherwise use or dispose of same; to
| drill, bore or put down, excavate Oh
| make, and maintain, repair, operate
and work any wells, shafts, mines OF
| works that Hgay be necessary or con.
venient to accomplish and carry or
the objects and purposes herein sci
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 or
the objects and purposes herein sci
forth, and in general to do and ac1
anything necessary, convenient OF
| incidental to the accomplishment o1
said subjects AMI purposes.
ARTICLE w.
The capital stock of this orpora
ton is hereby fixed at the sum o.
twenty-five thousand dollars, to b.
divided into and represented b,
twenty-five thousand shares of tn,
par value of one dollar, which capi
tai stock shall be increased or de
creased in the manner provided b.
the laws of the State of Louisiana
Said stock shall be paid for in cash
or its equivalent in personal or rea
property received for services rend
cred, or labor performed in sucl
manner and under the terms sucl
determine, but no certificate of stocl
shall be issued until the same ha
been paid for either in cash or prop
erty received. services redered o
labor performed. No transfer Q
stock shall be binding upon this col
poration unless recorded upon it
books, and until the certificate c
stock shall have been delivered
the corporation and duly cancelled
:, ARTICLE v.
All the corporate powers of thi
, , corporation, and the managemer
! and conrol of its Affairs shall be yes
I ed and exercised by board {
directors, composed of nine stool
holders, of whom five shall const
: tute quorum for the transaction I
business; the number of said boar
OF directors may be increased at tt
option of the said board of director
but in cases a majority of the nun
Der of the said board of directo
= shall constitute a quorum thereo
= Said board of directors shall be elec
- ed on the third Monday of the mont
:, October of each year, and shall iI
mediately after the election ele
from among their number a pres
dent, vice president and treasure
) each of whom shall be stockhalde
They shall also elect secretary, wi
- may Or may not be a stockholde
:, Each stockholder shall be entitled
f person or by proxy to one vote f
- every share of stock owned by hi
;. or her. ALI elections shall be
y BALLOT and held at the office of tt
!, said corporation, under the superi
= tendence of two commissioners to
appointed for that purpose by Il
board of directors. A majority
the votes cast shall elect said boa
l. of directors who with the Office
thereof shall continue in office +
one year, and until their successo
y have been elected and qualifie
d Notice of the election of board
4, directors shall be given by public
le tion in some newspaper published
Ie the domicile of the corporation for
le period of at least ten days preyio
" to said election and by written mott