St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-03-25

| De q Stockholder. Each stakeholder
shall be entitled in person or by proxy
to one vote for every share of stock
owned by him or her. All elections
shall be by ballot and held at the
| office OF the said corporation under
| the superintendent of two commits
sioners to be appointed for that pur-
pose by the board TO directors. A
| majority of the votes cast shall elect
| said board of directors who with
| the officers thereof shall continue in
| office for one year and until their
| successors shall have been elected
| and qualified. Notice of an election
| of board of directors shall be given
by publication in some newspaper
at the domicile of the said corpora
ton for period Of at least ten days
previous to said election, and by
written notice mailed to the last
| known address of each stakeholder
at least ten days previous to date of
said election The first election of
the board of directors under the
| charter shall take place on the LIST
Monday of April, 1912, until which
| time, or until their successors have
been elected and qualified, the fol-
lowing persons shall constitute the
first board of directors, namely, DR..
A. H. Grimmer, president; H. r.
Warren, DR.. B. B. Warren, P J.
Lacroix, E. G. Del Corral, Thomas
Lacroix, A. R. Smith, Lawrence Cole
and S. D. Bulloch, of which A. H.
| Grimmer is president; Lawrence
Cole, vice president; E. G. Del Cor
raj, secretary, and A. r. Smith,
/ Fo;I
| cause to elect directors on the day
stipulated shall not dissolve this cor
poration, but the officers and direc-
tors then in Office shall hold over
until their successors shall have been
elected and qualified. In the event
of failure to hold the election on
the day stipulated shall not dissolve
| this corporation, but another cleo
ton shall be called Immediately
thereafter as hereinabove stipulated.
| Any directors shall have the right
to vote on all questions before the
board, either in person or by proxy,
and when by proxy, the person hold
ing same to be counted in place of
absent directors. The board of di-
rectors shall have the power to fill
any and all vacancies occurring in it's
membership from among the stock
Iholiers Ct the corporation. They
shall have full control of the prop
erty and arrangements of this COR
lporation and shall conduct and man
age it's business. They shall appoint
such officers, agents, managers, en-
ployees, servants and clerks as may
be necessary for conducting the bust
ness affairs of the corporation; shall
fix their compensation and shall have
the right to dismiss them at pleas
ure, and may make and establish,
as we'll as alter and amend, any and
all bylaws, rules and regulations for
the conduct, support and manage
ment of the bushes and affairs of
the corporation. Said board of di-
rectors shall have full power to con-
tract debts, borrow money, issue
notes, bills of exchange, bonds and
other obligations; execute and grant
mortgages, and to receive same, and
to generally do all things necessary
for the conduct of the business. And
shall have full power to issue and
deliver full paid shares of stock for
cash or property received, services
performed or labor done. ALI certi-
ficates of stock of this corporation,
after being duly ordered issued by
the board of directors, shall bear
the seal of the corporation and be
signed by the president and the sec
rotary. In the absence of the nrasi
dent, then sie--a
ARTICLE vi.
This charter or act Of incorpora-
ton may be changed, modified or
amended. of this corporation may be
dissolved, at a general meeting OF
stockholders held for that purpose,
with the consent of three-fourths OF
the capital stock present or repre-
scented at such general meeting as
hereinabove provided in article hve
In case of the dissolution OF this
corporation, either by limitation OF
it's charter or for any cause, its az
fairs shall be liquidated by three
commissioners selected by the stock
holders at general meeting al
above set forth. The commissioner
shall remain in Office until the al
fairs of the corporation shall have
,, been fully liquidated. In case o
!, the death of incapacity to act OF an!
one or more of the iquidators, thu
SURVIVORS VI sui flFo1 oIAe%AA ooAAo
to act. Said liquidators are hereb.
Invested with full power to sell an;
and all assets and property, bot
real and personal, of the corpora
:, ton, and give and grant full an
complete title thereto, and shall nav
full power and authority to do an
perform all acts necessary, usefu
:, and proper to fully wind up an
liquidate it's affairs and distrlbut
it's proceeds, If any, among the STOCK
;, , holders.
q ARTICLE VII.
j No stakeholder shall ever be he'll
d liable or responsible for the cor
S tracts, faults or debts Of said col
o poration, nor shall any mere info1
l. mality render this charter void
l. expose any stakeholder liable for an
5. debts beyond the unpaid balance,
any, due said corporation on share
J. owned by him or her.
# This done and passed in my o1flc
% in the town of Covington, IN II
" parish of St. Tammany, State
10 Louisiana, on the day and date an
Al month above written in the present
d of G.. Boudousquie and Louis
~ Hennessey, both competent witness
ID of legal age, who signed their name
is with said appearers and me, notar
~ after due reading of the whole.
d, Witnesses: