St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-12-09

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convey, mortgage, hypothecate and
pledge property both real and per-
sonal, issue bonds, notes and other i
obligations. to have and employ such
directors, officers, agents
and other employees as the interest
of the corporation may require, and
tc make all regulations for the prop
er management and control of the
affairs of the said corporation,
through it's board of directors as
may be necessary and expedient.
ARTICLE III.
The domicile Of this corporation
shall be in Covington, parish OF st.
Tammany, State of Louisiana.All CT
tations and other legal process shall |
be served upon the president of the
said corporation, in his absence upon |
the vice-president, and in the abb
sence of both the president end vice
president, then the service shall be
made upon the secretary.
ARTICLE III.
The objects and purposes of this
corporation and the nature of the
business to be carried on by 1t are
hereby agreed to be: To purchase,
receive, hold, lease, or otherwise &C
quire mines, mineral lands, mining
rights, claims and privileges, or real
estate in the United States of Amer
lea or State Of Lauisiana,and to ex-
pIore, prospect, examine, test de-
yelope, opeA. work, or in any manner
use or turn same to advantage, to
prospect and search for natural gas.
oil, petroleum, coal, salt, sulphur,
Nkh init
value, to investigate, examine and
test lands where same are supposed
to exist, such wells and shafts as
may be deemed expedient for that
purpose, and to drill, bore, dig,
blast or put down to mine. dig, blast,
excavate, pump or otherwise obtain
or procure natural gas, oil, petrole-
u1n. coal, salt, sulphur or other min
erals or substances of value, and to
prepare, purify, refine, manufac-
ture, transport, convey, store, ware
house, sell or otherwise use or dis
pose of same; to drill, bore or put
down, excavate or make, and main
tain. repair, operate, and work any
wells, shafts, mines Or other works
THAT may be necessary or convenient
to accomplish and carry on the OBJ
jects and purposes herein set forth;
to build, erect, repair, maintain and
operate any buildings, houses, pumps
machinery, apparatus, works, rail-
roads, tramways, boats, barges, ca
mails, levees, reservoirs, pipe lines,
tanks or other things that may be
necessary or expedient to accomplish
and carry on the objects and purpos-
es herein set forth, and in general
to do and act anything necessary,
lconvenient or Incidental to the &C
accomplishment of said objects and
purposes.
ARTICLE w.
The capital stock of this corporation
is hereby fixed at the sum Of thirty
five thousand dollars, to be divided
Into and represented by thirty-five
hundred shares of the par value of
Item dollars, which capital stock shall
be increased or decreased N the
manner provided by the laws of the
State of Louisiana. Said stock shall
be paid for in cash, CT its equiva-
llent in real property, or personal
property, property received for SER
vices rendered, or labor performed
III such manner and under the terms
such as the board of directors may
determine, but no certificates OF
stock shall be issued until the same
has been paid for either in cash or
property received, services rendered
Tor labor performed. No transfer of
fstock shall be binding upon this cor
operation unless recorded upon its
books, and until the certificate of
stock shall have been delivered to
1.-THE corporation and duly cancelled.
ARTICLE V.
All the corporate powers of this
corporation, and the management
and control of its affairs, shall be
vested in and exercised by board
of directors, composed of eleven
stockholders, of whom five shall con-
stitute quorum for the transaction
of business; the number of said
board of directors may be increased
at the option of the said board of di-
Irectors, but in that case, majority
of the number of the board of direc-
tore shall constitute a quorum there
Iof. Said board Of directors shall be
lelected on the second Monday of the
month of December of each year,
land shall Immediately after the cleo
ltion elect from among their number
la president, vice-president and a
treasurer, each of whom shall be a
stakeholder. They shall also elect
a secretary who may or may not be
la stakeholder. Each stakeholder
lshall be entitled in person or by
Iproxy to- one vote for every share of
stock owned by him or her. All
ielections shall be by ballot and held
lat the office of the said corporation,
under the superintendent of two
commissioners to be appointed for
THAT purpose by the board of direc-
ltors. A majority of the votes cast
lshall elect said board of directors
who with the officers thereof shall
Icontinue in office until their success
lsors have been elected and qualified.
Notice of the election of board of
ldirectors shall be given by publica-
ltion in some newspaper published
lat the domici1e of the corporation
flor a period of at least ten days pre-
Ivious to said election. The first
detection of the board of directors I'M
lGer this charter shall take place on
1.-The second Monday in December,
1912, until which time, or until
their successors have been duly
lelected and qualified, the following
persons shall constitute the first
board of directors, namely: B. B..
Warren, A. H. Grimmer,E. B. Stern,
iP. J. Lacroix, l., Cole, E. G.. Del Cor
Ira1, A. r. Smith, Thomas Lacroix,
Is. D. Bulloch, X. v. Richard and M.
Up. blanche, of whom B. B. Warren