St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-01-28

they hereby subscribe for the mum
Der or shares of said capital stock
set opposite their respective sigma
lures hereto, so that this act of in
corporation shall serve as an origi-
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 the 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
| c. Adams and E. Jones, with James
5. Jones as president, Thomas C..
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 legal
holiday, then upon the next follow
ing lay-day, the stock holders shall
elect a board of directors for the
ensuing year, the board already in
stalled to continue to hold over until
their successors are elected and quail
fed. The board of directors so elect
ed shall elect from their own number
the officers of the corporation which
shall be a president, vice president
and treasurer and a secretary. The
election of directors shall be by a
ballot, and the persons receiving the
largest number of votes cast shall
be declared elected.
For electing directors, or for any
other purpose, each share of stock
whether present or by proxy, shall
be entitled to one vote, and major
lty Of the votes cast shall be required
to pass any resolution Or decide any
question submitted to the stockhoId-
ers except for the alteration or
amendment of this charte, or the
dissolution of the corporation, as
hereinafter 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, as we'll as to make all neces-
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 by-la WIS,
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
by the secretary, to be de-
posted in the mail at least ten days
before such meeting, directed to each
at his last KIN own ad-
dress, appearing upon the books of
he corporation, unless said notice is
in writing by all he stock
lolders appearing as such upon the
books. .
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation of it's t
harter Or from any other cause, it's
Iffalrs and business shall be liaui- .
lated by three commissioners to be !
ppointed from among the stock !
lolders, at a general meeting; there /;
#, to be convened after te n DAYS !
rlor notice to be given in one of |
he newspapers published in the town !
+ Covington, in addition to the no. /,
ice to each stakeholder provided in
Article VI hereof, and by the affirma-
i've vote of three-fourths of. the stock
f the corporation shall nave been
lilly liquidated; and, in ase of the
cath Of one or more of such COM
lissioners, the survivors or survivor
aall continue to act
ARTICLE VIII.
This act of incorpora' ion may be
odified, added to, changed or
nended OR this corr ,oration may
? dissolved by and wi til the assent
the holdeds of tn ree-fourths in
mount of its then GU tstanding capt.
i stock, given at a general meet
g OF the stockhol6 lers of the COR
'ration, to be cor lvened for such
lrpose after ten q avs prior notice
be given in one IL the newspapers
lblished in the town of Covington,
addition to the aotice to the stock
'iders as provid ed in Article VI of
is charter.
ART lCLE TX. {
No stockhol iers shall be held Is