St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-07-15
ARTICLE I.

hall be in. the town OIL CofiASeon,
Il. Tammany parish, Louisiana IL
hall exist for the term of ninety
,ine years from the date hereof, and
" that name sue and be sued, ana
contract, and enjoy any and all PRIV.
eyes and powers under the laws ol
lie State of Louisiana.
ARTICLE II.
The objects and purposes for Wnicn
his corporation is established, ana
The nature of the business to De
carried on by it, are, to produce,
buy and sell turpentlne,
rcsin. naval stores, and wood deriva-
ives and products Of all kinds; TO
,nerate saw mills, and to sell the
nection with such business or apart
or to further use and manu-
facture the same, and to pull stumps
and to clear lands, whether In con-
from it; to buy and sell real estate
to operate tram roads and barge
lines of barges or other vessels, IN
with the carrying on OF
It's business and generally to engage
in any business incident to or con-
nected with the operation of the bust
ness above mentioned.
ARTICLE III.
The president, or in his absence
Or inability to act, the vice president
Or in case of his absence or lnapll-
ity to act, the secretary shall be the
proper person upon whom all cita-
lions or legal process shall be served
ARTICLE Nv.
The capital stockof this corpora.
ton is hereby fixed at the sum OF
fifty thousand dollars ($5o,ooo'oolss
divided nito five hundred shares OF
The par value of one hundred dollars
each. Said shares of stock shall be
psid for by the subscribers thereto
as shall be required by the board OIL
directors, and the stock may be Is
sued in payment of property acquired
nv the corporation or in compensa-
ton for services rendered, but IN
no case shall any of the stock be
sold or disposed of for less than par
value, This corporation shall be au-
thorized to begin business as soon
as Ave thousand dollars OF the capital
stock shall have been subscribed for.
ARTICLE v.
All the powers of this corporation
shall be vested in board OF dlfec-
tors, composed of not less than nve
They shall be elected
on the first Monday in June OF each
year, commencing June, 1912, at a
general meeting convened for tnat
purpose, after ten days previous no.
tice in writing to each stockholdei
owning stock standing in his name n
the books of the corporation, and I'M
til such time the following stockhOld-
ers are hereby named as first board
of directors, and who shall hold their
Office and exercise their functions
until their successors are elected, VIZ:
Henry A. Mackie, Elmer E. WOOD
Edward ]. Frederick and Ellie r
of whom H. A. Mackie
shall be president, E. J. Frederick
shall be vice president, and Ellie r
Singletary shall be secretary and
The same person may
hold the offices of secretary and
or each of such offices may
be held by a different person.
The election of the board OF di-
rcctors shall be by ballot, and each
shall be entitled to one
vote, either in person or by proxy
for each share of stock owned BY
him, and a majority of the votes cas-
shall elect. The board of director:
shall, Immediately after their cleo
ton, elect from their number,
president, vice president, a secre
tary and a treasurer, or secretary
treasurer.
The said board of directors shal
eject and employ any and all EN-
ployees, managers and clerks OF tn
corporation they may deem necessar
for the proper conduct of its busi
ness, and may fix their compensation
and remove or dismiss them at pleas
ure.
ARTICLE vi.
This charter may be amended o
altered by the stockholders, at
general meeting convened for tina
purpose, after ten days written motto
to each stockholder, or this corpora
ton may be dissolved with the as
sent of two thirds of the capital stoc
represented at such meeting. l
case of dissolution, the affairs of tn
corporation shall' be closed an
liquidated, as rapidly as possible, b
two or three liquidators, appointe
or elected by the stockholders
meeting. The capital stock of tn
corporation may be increased or d
| minished in accordance with the Law
of the State of Louisiana, on tn
subject of altering the capital stoe
of corporations.
ARTICLE VII.
The subscribers hertO have repe
lively stated opposite their signature
hereto the number of shares of Il
capital stock subscribed to by the
respectively. constituting the san
subscriptions made by the incoTpor
tors for the purpose of erganizil
this corporation.
ARTICLE VIII.
4 No stakeholder shall be liable
responsible for the contracts or faul
of this corporation in any furth
sum than the unpaid balance due
tho corporation, on the shares own
BY him, or shall any mere inform
lily In organization have effect
rendering this charter null Or
Exposing a stakeholder to liabil
beyond the amount of his unps
, stock, if any.
Thus done and passed in my Off
in Covington, St. Tammany Pari
!, Louisiana, on the day and year ii
; above written, in the presence OF
; IL. Heintz, Jr.,. and A. S. Burns, &C
ipetent witnesses, residing in s.
;; parish, who have signed their nam
= together with said appearers and
. notary, after due reading of
|, whole
|. FRED A. EAHART, 10 Shal
FRANK w. MACKIE, 20 Sha1
f.. J. FREDERICK. 10 Shal