St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1910-06-25
IT, Roasted Ground zoe Pound C. Fzmoms Columbia Street


All transfers of stock shall be made on tn,
books of said company at its Office, on the su,
render of the certificate therefor
No stakeholder shall have authority or right
to sell or otherwise dispose of his stock in whole
or in part without first giving the Board Of
directors ten (1O) days written notice of his in.
tention or desire to dispose OF any of his stock
, or part thereof and allowing the Board OF
Directors, or in its default any stockholder the
first opportunity of purchasing the stock
, This corporation shall commence doing bust
ness as soon as Ten Thousand $50 0O0OO) Dol
lars OF its capital stock shall have been SUBJ
| scribed for and paid in. as above provided
ARTICLE w.
The corporate powers of this corporation shall
be vested in and exercised by board of direct
ors, which shall consist of six Co stockholders,
majority of whom shall constitute quorum
for the transaction of business Said directors
shall be elected annually from among the stock
holders ON the fourth Monday of May of each
year, commencing in May, 1911
Notice of such election shall be given by two
W publications in newspaper published in the
town of Covington, La, within fifteen Q5) days
Immediately preceding the election.
At said election, and at all other meetings of the
J stockholders, the voting shall be by ballot and
each share of stock shall be entitled to one vote
by the owner in person, or by written proxy
4 Within one week of their election, as above
provided for, the Board of Directors shall elect
from among their number a president, a vice
president, and secretary and treasurer, pro-
vided one person may hold the Office of both
| secretary and treasurer and all of said officers
and directors shall hold their respective offices
for period of one CD year from the date of
| their election, or until their successors are
elected. But the failure to hold an annual cleo
ton, or to elect the officers as above provided
for, shall not result in dissolution of this cor
poration but the then Board of Directors and
officers shall hold their offices until their sue
cessors are duly elected.
| Any vacancies occurring in said Board of
| Directors shall be filled by the remaining mem
| bers of the board, for the unexpired term, at
/ meeting called for that purpose after ten days
| notice in writing, sent by mail to said director
at their last known residence.
The said Board of Directors shall have the
power to make all bylaws, rules and regulations
for the proper management and conduct of the
affairs of this corporation, and to change alter,
! abolish and amend same at pleasure and shall
have and exercise all the powers conferred by |
law on this corporation, and as set forth gen. |
orally above.
The said Board of Directors may also delegate |
any of sad powers in the transaction of the |
business of this corporation to committees of |
their own body or to the officers and agents of |
this corporation.
The first Board of Directors of this corpora
ton hereby declared to be August Stef,
Nemour Cousin, Charles Noel Mrs. Juste
Bruey, Widow Henry Clay Cousin and Alfonso
Stef, with August Stef as president, Nemour
Cousin as vice-president and Charles Noel as
secretary and treasurer, who shall hold their re-
spective offices until the fourth Wednesday in
May, 1911, or until their successors are elected
1t shall be the duty of the president of this
corporation, or in the event Of his inability to
act, the ce-president, to call meeting of the
Board of Directors or of the stockholders thereof
on the written request to that effect signed by
two more directors, or upon the written re-
quest to that effect of ten per cent of the capital
stock.
ARTICLE V.
This corporation may be dissolved by vote
of three-fourths of the capital stock thereof, at
a general meeting convened for that purpose
after forty days advertisement in a newspaper
published in the town of Covington, St. Tam
many Parish La. Immediately preceding said
meeting and written notices of the objects of
said meeting sent to each of the stockholders
thirty 500 days Immediately prior to said meet
ing at his last known place of residence.
Whenever this corporation is dissolved,
whether by limitation otherwise, its affairs
shall be llquidated by three 60 liquidating COM
missioners to be elected at general meeting,
and in case of death or inability of any of the
said commissioners, the surviving commits
soners shall appoint successor and together
they shall continue said liquidation to its ter
mination.
ARTICLE vi
This charter may be changed, altered or
and the capital stock increased or de-
creased, by vote of two-thirds of the capital
stock issued at general meeting called for that
purpose, after thirty 500 days prior notice in
writing having been sent to each stockholders at
mis- last known residence stating the object OF
said meeting, and forty (4O) days advertisement
in newspaper published in the town of Gov
ington, St. Tammany Parish La, in which the
object of the meeting is also stated.
AhllCLE VII. |
No stockbolder shall be held liable or respon-
sible for the contracts or faults of this corpora
ton in any further sum than the unpaid balance
due the company on shares of stock owned by
him. nor shall any mere informally in the Or
ganization herein have the effect of rendering
this charter null, or of exposing any stockholder
to any liability beyond the unpaid balance due
on his stock.
Thus done and passed in my Office, in the town
Of Covington, Parish of st. Tammany, State of
Louisiana, on the day, month and year herein
above mentioned, and in the presence of Messrs.
A. B. Peters and A. L. Bear, competent male
who have hereunto signed their
names with the said appearers and me, notary, |
after due reading of the whole.
Witnesses:
A. B. PETERS, Id
A. L. BEAR.
(SigneD A. STEF rs Shares
HENRY CLAY COUSIN.
CHAS. NOEL, 10 Shares. I
ALPHONSE STEF, 10 Shares. r