St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-10-14

Lord, one JnOuSdnQ nine HuuuFeu
and eleven, before me, Benjamin M.
Miller, a notary public, duly ap-
pointed and qualified, in and for
the parish of st. Tammany, State of
and in the presence OF
the undersigned witnesses, person
ally came and appeared the several
persons whose names are hereunt0
residents of the parish OF
st. Tammany, who severally declar-
ed that, availing themselves OF the
laws of this State, in such cases
made and provided, they have form-
ed and organized, and by these pres
ents do form and organize them
selves into a corporation and body
corporate, for the objects and pur-
poses following, to-Wit:
ARTICLE l.
The name and style of this cor
roration shall be
LAND & TIMBER
COMPANY,
ard it's domicile shall be at Covlng-
ton, st. Tammany parish, Louisiana.
1t shall exist for the term of ninety
rine years from the date hereof,
and by that name sue and be sued,
ard contract, and enjoy any and all
TIE hts, privileges and powers con-
ferred by the laws of the State OF
ARTICLE II.
The objects and purposes for
which this corporation is established,
and the nature of the business to be
carried on by it, are to buy, sell.
lease and deal in real estate and tim
Der, and turpentine leases and OIL
leases and other leases of land, to
buy or construct buildings and to
sell or rent them, to manufacture
and deal in turpentine and naval
stores and by-products of wood and
other substances, to operate saw
mills, Ito engage in mercantile busl-
ness, to operate railroads, tram
roads, barges and other vessels IN
connection with the carrying on or
it's business, and generally to engage
in any operations of the business
above mentioned.
ARTICLE III.
The President, or in his absence
or inability to act, the Vice-Presl-
dent, or in case of his absence or in
ability to act, the Secretary shall De
the proper person uqon Whom all
citations or legal process shall be
served.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Two Hundred and Fifty Thousand
Dollars $3.50, 0,000.0O) divided into
two thousand five hundred snares
at the par value of One Hundred Dol
lars each. Said shares OF stock
shall be paid for by the subscribers
thereto as shall be required by the
Board of Directors, and the STOCK
may be issued in payment OF prop
erty acquired by the corporation or
in compensation for services render
ed. but in no case shall any of the
stock be sold or disposed of for less
than par value. This corporation
shall be authorized to begin its busl-
ness as soon as Five Thousand Dol
lars of the capital stock shall nave
been subscribed for.
ARTICLE v.
All the powers of this corporation
shall be vested in Board of Direc-
tors composed of not less than
three stockholders. They shall be
e,e cted on the first Monday of Oc-
tcber in each year, commencing
with the year 1912, at general
meeting convened for that purpose,
after ten days previous notice in
writing to each stockholder owning
stock standing in his name on the
books of the corporation, and until
such time the following stockhold-
ers are hereby named as the first
Board of Directors, and who shall
hold their office and exercise their
functions until their successors are
elected, viz: James S. Jones, John
P. Rausch and T. c. Adams, of
whom James S. Jones shall be pres
ident, John P. Rausch Vice-Presi-
dent and Treasurer, and . T. G.
Adams Secretary.
One director may fill any two Of
such offices except the offices of
President and Vice-President.
The election of the Board of Di-
rectors shall be by ballot, and each
stockholder shall be entitled to one
vote, either in person Or by proxy,
fer each share of stock owned by
him, and majority of the votes
cast shall elect. The Board of Di-
reetors shall Immediately after their
election, elect from their number a
President, a Vice-President, Secre-
tary and a Treasurer.
The said Board of Directors shall
eli ct and employ any and all EN-
ptoyees, managers and clerks OF the
corporation they may deem neces-
s:.ry for the proper conduct OF It's
business, and may fix their compen'
sation, and remove or dismiss them
at pleasure.
| ARTICLE vi.
| This charter may be amended Oh
altered by the stockholders, at gen
eral meeting convened for that pui.
pose, after ten days written notice
to each stockholder; or this corpora
sent of two-thirds of the capita
stock represented at such msetlng
In case Of dissolution, the affairs O
the corporation shall be closed ant
liquidated, as rapidly as possible b,
two or three liquidators, appointe,
or elected by the stockholders a
such meeting. The capital stock o
this corporation may be Increases
or diminished in accordance will
the laws Of the State of Louisian
on the subject of altering the CAPT
tai stock of corporations.
ARTICLE VII.
The subscribers hereto have re
spectively stated opposite their sig
pofuroc tho nInhar Of shares of n
capital stock subscribed to by ther
respectively, constituting these nfss
ents the subscription list made
the ineorporators for the purpose G
organizing this corporation.
ARTICLE VIII.
No stockholder shall be Liable G