St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-09-10
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poafu OF directors snail appoint one
or more stockholders to preside at
such election as commissioners. In
the event or failure of any commits
sioner or commissioners to attend,
the president shall, by appointment,
fill the vacancy. Any failure from
any cause whatever to elect directors
the day named for that purpose shall
not dissolve the corporation, but the
directors then in office, as we'll as the
officers of said company, shall hold
over until their successors are
chosen. In such event the president
shall cause another election to be
held within thirty days, and shall
give notice thereof as herein before
provided.
At every election and meeting each
stakeholder shall be entitled to vote
for each share of stock registered in
his name, and may vote by proxy.
The election of directors shall be
by ballot, and the majority in
amount of votes cast, each share of
stock upon to be counted for one
vote, shall elect the person or per-
sons for whom they have been cast
After each election the board of
directors shall elect from their own
number the officers of said company.
ARTICLE V.
The board of directors shall have
full power to fill vacancies in their
number caused by death, resignation
or otherwise, from among the stock
holders of the corporation.
The said board shall have full con-
troll of the property of this company,
and SO conduct, manage, and use the
same as in their discretion they deem
fit, and that is consistent with the
objects of this company, or the we
fare of same.
The said board is further author
lied to frame and adopt such by
laws, rules and regulations as the
affairs and business of the corpora
ton may require, and as it may
deem necessary for the conducting
and management thereof, provided
the same shall not conflict with this
charter, or with the laws of the
State, or the United States.
The said board shall elect or ap-
point secretary and such other Of
ficers, agents, employees, servants
for the conducting of the business
of the corporation; fix their compen-
sation, term of service, with the right
to dismiss them at said boards pleas
ure; and the said board shall have
the right to fix and determine the
salaries of several officers herein pro-
Vided for.
ARTICLE VI.
This charter may be changed.
modified or amended, the capital
stock increased; or this corporation
may be dissolved, at general meet
ing of the stockholders convened for
the purpose, with the assent of three
fourths of the entire capital stock,
whether present or represented at
su'h meeting.
Ten days prior notice of such
meeting shall be given in written
notice by mail to last known address
of every stakeholder.
In case of dissolution of termina-
In case of dissolution or termina-
limitation of it's charter or from any
cause, the liquidation of it's affairs
shall be conducted by three commits
sioners, selected from the stockhold-
ers, with like assent, and at meet
ing called for that purpose, as above
set forth in this article.
Said commissioners shall remain
in office until the affairs of said cor
poration shall have been fully liqui-
dated. In case of the death of one
or more or said commissioners, the
survivors or survivor shall continue
to act.
ARTICLE VII.
No stakeholder of"this corporation
shall ever be held liable or respons-
ible for the contracts or faults there
of, in any further sum than the
unpaid balance due the company on
the shares of stock subscribed for
or owned by him, nor shall any in
formality in organization have the
effect of rendering this charter null,
or exposing stakeholder to any
liability, beyond the unpaid balance,
if any, on his stock.
This done and passed in my no.
tarial office, in the town of Slidell,
Parish of St. Tammany, State of
on the thirteenth day of
and year first above written,
in the presence of Frank M. Hausner
and G. G. Minturn, competent wit
nesses, of lawful age, and residents
of this town, who hereto sign their
names, together with said parties,
and me, notary, after reading of the
whole.
Witnesses:
FRANK M. HAUSNER.
G. E. MINTURN.
E. P. DE BALLARD. M. D.
NJ nTIUTEP