St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-01-14

VOL NXAVl M
q going concern a. soon 40 Ave thou
sand dollars OF it's capital stock shall
have been subscribed and paid for:
tho residue Of said stock TO be issued
and payment made therefor: said
stock shall be fully paid at the time
Of its issuance and thereafter noA-
assessable. and the capital stock may.
be increased or decreased IN the man
ner provided by the laws Of this
State.
The parties to this act declare that
they hereby subscribe for the NUM-
ber or shares OF said capital stock
set opposite their respective sigma
lures hereto, 10 that this act Of In
corporation shall serve as an 0riSi-
nal subscription.
ARTICLE v.
All the powers OF this corporation
shall be vested in and be exercised
by board of three directors. to be
elected each year by tho stockhold.
ers at the annual meeting: the said
directors shall be bona fide stock
holders, and the first board. shall
consist of James Jones, Thomas
G. Adams and q. Jones, with James
8. Jenes as president, Thomas G.
Adams, vice president and treasurer,
and e. Jones secretary
On the Saturday next preceding
the second Monday OF December.
1911. and annually thereafter. except
when such day shall fall on q legal
holiday, then upen the next follow
Ing lsy-day. the stock holders shall
elect . board Of directors for ths
ensuing year. the board already IN
stalled to continue to hold over uAtil
their successors are elected and quail
ned. Tho board of directors 30 elect
ed shall elect from their own number
the o6icsrs Of the corporation whieh
shall be president. vice president
and treasurer and secretary. Tho
Of directors shall be By .
ballot. ana the persons receiving tbs
largest number Of votes cast shall
be declared elected.
For olecting directors, or for any
other purpose, each share OF stock
present or by proxy, shalt
be entitled to one vote. and major
ity of the votes cast shall be required
to pass any resolution or decide any
question submitted to tho stockhold-
era except for the alteration or
Of this charte, or the
of the corporation, as
provided.
The said board Of directors shall
have power and authority to make
All necessary rules and regulations
for the management, operation and
control OF the business Of the corpor-
alton. a. we'll ~ to make all mecca
sary RULES and bylaws. with power
TO fill any vacancy occurring In their
number. A majority Of the directors
voting at any one time. in person or
by proxy. shall be required to pass
any resolution or adopt any bylaws,
and which, when adopted, shall be-
come valid corporate acts.
ARTICLE vi.
Notice OF all meetings OF stock
holders, for electing directors. or for
any other purpose, shall be given, In
writing, by the secretary, to be de-
posted In the mail at least ton days
before such meeting, directed to each
stockholder at his last known ad-
dress. appearing upon the books OF
tho corporation. unless said notice 10
waived In writing by all the stock
holders appearing as such upon the
books.
ARTICLE VII.
Whenever this corporation Is dis
solved. either by limitation Of its
charter or from any other causss its
affairs and business shall be Hqui-
dated by three commissioners, to bs
appointed from among the stock
holders, at . general meeting there
OF, to be convened after ten days
prior notice to be given in one Of
the newspapers published In tho town
Of Covington, In addition to the mo-
tice to each stockholder provided in
Article vi hereof, and by the AdrMa-
tive vote Of three-fourths OF tho stock
Of the corporation shall have bssu
fully liquidated; and, In case OF the
death of ono or more OF such COM
the survivors or survivor
shall continue to act.
ARTICLE VIII.
This act Of Incorporation may be
added to. changed or
be dissolved by AID with the assent
Of the holdeds of three-fourtks In
amount Of its then outstanding capi-
tai stock, given at q general meet
ing Of the stockholders OF the COR
to be convened for such
purpose after ten days prior notice
to be given in one of the newspapers
published in the town of CovingtoM,
In addition to the notice to the stock
holders as provided In Article vi OF
this charter.
ARTICLE TX.
No stockholders shall BE- held
liable or responsible for contracts or
faults Of this corporation, In any
further SUM than the unpaid balance
due to tho corporation ON the shares
owned by him, nor shall any msrc
informality In organisation have Of
feet Of rendering this charter null or
Of exposing stockholdsr to liability
beyond the amount OF his unpaid
stock. II any.
Thus done and passed, at nay oflce
In the town of Covington, in the pres
ence OF Messrs. 8. g. Hart and George
Sawaya, competen witnesses, who
hereunto signed their names, to-
gether with said appearers and me,
notary, after due reading of the
whole.
Witnesses:
8. C. HART.
GEORGE SA MAYA.
Original signed:
JAS. s. JONES, IS shares.
TH0MAG q AnAKa 1 aharA