St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-04-08

transport, convey, store, warehouse,
sell or otherwise use or dispose OF
same; to drill, bore, put down, ex-
cavate or make, and maintain, re-
pair, operate and work any wells,
shafts, mines or works that may be
necessary or convenient to accom-
plish and carry on the objects and
purposes herein set forth; to builr,
erect, repair, maintain and operate
any buildings, houses, pumps, ma
chinery, apparatus works, railroads,
tramways, boats, = barges, canals,
levees, reservoirs, pipe lines, tanks
or other things that may be neces-
sary or expedient to accomplish and
carry On the objects and purposes
heresetforth, and in general to do
and act anything necessary, convent
ent or incidental to the accomplish
nlent of said objects and purposes.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum of
five thousand ($5, 10000 dollars, to
be divided into and represented by
five thousand shares of the par value
of one dollar each, which capital
stock shall be increased or decreased
in the manner provided by the laws
CT the State of Louisiana. Said
stock shall be paid for in cash, or it's
equivalent in personal Or real prop
erty received or services rendered,
or labor performed in such manner
and under such terms such as the
board of directors may fix or de-
termine, but no certificate of stock
been paid for either in Dash Or
property received, services rendered
or labor performed No transfer of
stock shall be binding upon this cor
poration unless recorded upon its
books, and until the certificate of
stock shall have been delivered to
the corporation duly Cancelled.
ga ARTICLE v
All the corporate powers of this
corporation, and the management
and control of it's affairs shall be
vested in and exercised by board
of directors composed of nine stock
holders, of whom five shall be
quorum for the transaction of bust
ness; the number of said board of
directors may be increased at the
option of the said board of directors,
but in cases of a majority of the
number of the said board of direc-
tors shall constitute quorum there
Of Said board of directors shall be
elected at an election on the LIST
Monday in April, of each year, and
shall Immediately after the election
elect from among their number, a
president, vice president and a
! treasurer, each of whom shall be
stockholder. They shall also elect
a secretary, who may or may not
be a stakeholder. Each stakeholder
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
i 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 o.
said election. The first election O.
the board of directors under the
! charter Shall take place on the Is
Monday of April, 1919, until which
time, Dr. until their successors have
been elected and qualified, the fol
lowing persons shall constitute thu
4 first board of directors, namely, DR.
A. II. Grimmer, president; II. R
Warren, DR.. B. B. Warren, P. ]
Lacroix, E. G. Del Corral, Thomas
Lacroix, 4. R. Smith, Lawrence Col
} 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
treasurer. The failure from an.
: cause to elect directors on the da.
stipulated shall not dissolve this cor
: poration, but the officers ana direc
tors then in Office shall hold owe
, until their successors shall have beel
} elected and qualified. In the even
of failure to hold the election OF