St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-12-24
poses, with the name under the
stipulations following, to-wit:
ARTICLE I.

pOrate name it shall have succession
and enjoy existence for a period of
years, unless sooner dis
solved, in the manner provided by
law, and the articles of this charter;
and, under said corporate name, it
shall have the power and authority
to contract, sue and be sued, to
make and use a corporate seal,
the same to alter or break at pleas
ure; to make all necessary rules and
for it's corporate manage
ment and control, and shall have and
enjoy all the rights, privileges and
which are now conferred
upon, or may hereafter be granted
to, corporations of the same kind
and character.
ARTICLE II.
The domicile of this corporation
shall be in the town of Covington,
State of Louisiana, and all citation
and other legal process shall be
served npon the president. or, in his
absence or inability to act, upon any
officer of the corporation.
ARTICLE III.
The objects and purposes for
which this corporation is organized
are hereby declared to be to engage
in producing and manufacturing of
turpentine, rosin, rosin oil, pine tar
and all other naval stores products;
to buy and sell turpentine, rosin,
rosin oil, pine tar and all other naval
stores products; to buy and sell real
estate, turpentine privileges, leases,
timber for saw mill purposes and all
other commodities connected with
naval stores; to acquire, by lease or
otherwise, timber and to own, lease
and operate turpentine farms and
stills; to buy and sell merchandise
of all classes; to borrow and loan
money and secure same by mortgage,
pledge or other form of security and
when in necessary needs its business,
may acquire, by purchase, lease or
otherwise, and may operate tram
ways, railroads, tank-cars, termi-
mails, landings, steamboats, and other
water craft, but not as a common
carrier, and to operate saw mills.
ARTICLE Nv.
The capital of this corporation
shall be fifty thousand ($50,000.O0)
dollars, divided into five hundred
(5OO) shares, of the par value of
one hundred (s1O0.00) dollars each,
said stock shall be issued only for
cash, or in payment of property or
services actually received by or rem
dered to said cooperation. This
corporation SHALL commence business
and become going concern as soon
as six Thousand dollars of it's capital
stock shall have been subscribed and
paid for; the residue of said stock
to be issued and payment made there
for; said stock shall be fully paid at
the time of it's issuance and there
after worcestershire, and the capital
stock may be increased or decreased
in the manner provided by the laws
of this State.
The parties to this act declare that
they hereby subscribe for the num-
set opposite their respective sigma
lures herto, so that this act of in.
corporation shall serve as an original
subscription.
ARTICLE v.
All the powers of thic corporation
shall be vested in and be exercised
by a board of directors, to be elected
each year by the stockholders at the
annual meeting; the said directors
shall be bona fide stockholders, and
the first board shall consist of: Jas
S. Jones, Thomas C. Adams and E
Jones, with Jas. S. Jones, president
Thomas G. Adams, vice president and
secretary, and E. Jones, treasurer.
IN tho Saturday nrnnn6ino + h.
second Monday of December, 1911
and annually thereafter, except wher
such day shall fall on legal holiday
then upon the next following lay-day
the stockholders shall elect boart
of directors for the ensuing year, tn,
board already installed to continu,
to hold oevr until their successors
are elected and qualified. The boart
of directors so elected shall elec
from their own number the officer
of the corporation which shall be
president, vice president and secre
tary and treasurer. The election
| of directors shall be by balolt, an,
the persons receiving the targets
number of votes cast shall be de
| clared elected. For electing directors
| or for any other purpose, each shar
of stock, whether present of by proxy
shall be entitled to one vote, and
majority of the votes cast shall b
| required to pass any resolution o
decide any question submitted to tn
stockholders, except for the altera
tion or amendment of this charter
or the dissolution of the corporation
as hereinafter provided.
The said board of directors sha
have power and authority to max
all necessary rules and regulation
for the management, operation an
control of the business of the col
poration, as we'll as to make a
necessary rules and bylaws, wit
power to fill any vacancy occurin
in their number. A majority of tn
directors voting at any one time, i
person or by proxy, shall be require
to pass any resolution or adopt an
bylaws, and which, when so adopte,
shall become valid corporate acts.
Notice of all meetings of stocl
holders, for elect:ng directors orf (
any other purpose, shall be given,
writing, by the secretary, to be d
posted in the mail at least ten da,
before such meeting, directed to eat
stockholder at his last known a.
dress, appearing upon the books
; the corporation, unless said mott
is waived in writing by all the stoc
holders appearing as such upon tt
books.
, ARTICLE VII.
Whenever this corporation is di
solved, either by limitation of
, charter or from any other cause,
: affairs and business shall be liqui
: ated by three commissioners, to
: appointed from among the stoc
: holders, at general meeting thel
Of, to be convened after ten da.
q | II 70 ho- -crsxx