St. Tammany farmer., 1911-01-28

pieSSuCS Ol LIE Witnesses N0r0lI
| after named and undersigned, PEI
sonally came and appeared, th
parties whose names are hereunt
subscribed, all of full age, who d.
clare that, availing themselves of tn
provisions of the laws relative t
the organization of corporation.
they have covenanted and agreed
and by these presents do covenan
and agree and bind themselves, q
we'll as such other persons as ma
hereafter become associated wit
them, to form and constitute q cor
poration and body polite in law, 70
the purposes and objects, and unde
the stipulations, articles and condi
tions, following, to-wit:
ARTICLE /.
The name and style of this cor
poration shall be. the ST. TAM
MANY EXPERIMENTAL FARM
AND FAIR ASSOCIATION, and By
that name it shall have power ans
authority to exist and enjoy success
sion for the full term of ninety-nin,
years from date hereof, unless soone,
dissolved.
ARTICLE II.
The domicile of this corporation
shall be in the town of Covington
in the parish of St. Tammany, State
OF Louisiana. All citations and othe,
legal professions shall be served or
the president, or in his absence o,
inability to act upon the vice-presi.
dent. The president shall be the
executive officer of the corporate on
and shall preside at the meetings
of the board OF directors and stock.
holders.
ARTICLE III.
The objects and purposes for
which this corporation is established
and the nature of the business to
be carried on by it are hereby de-
clared to be to operate and conduct
a fair, to operate an experimental
farm. for the purpoEe of demonstrat-
ing the agricultural posi- bilities of
the soil, the raising Of live stock,
poultry, etc. 7 build an athletic
field, race course, etc.; to advertise
and exploit the parish of St. Tam
many; to build suitable buildings for
club houses, stables, exhibition halls
grand stands, refreshments stands,
ETC., to arrange for a charge for ex-
hibits, entrance fees, acts and things
necessary for conducting a fair, and
for operating an experimental farm,
etc.
ARTICLE Nv
This corporation may sue or be
sued in its corporate name, make
and use a corporate seal, the same
% break and alter at pleasure; hold,
lave receive, purchase, convey, sell,
mortgage, hypothecate, pledge, lease,
and enjoy real personal or
mixed property; also bgorrow and
end money and make contracts;
make and establish such bylaws,
'ules and regulations as may be
necessary, and the some to change
Ind alter at pleasure; and shall
,osess all the rights and privileges
o which corporations are, or may
'e authorized and entitled to pos
ess.
ARTICLE v.
The capital of said corporation
hall be fifty thousand ,O0O.0O)
ollars, divided into and represented
y two thousand 10000 shares of
he sum of twenty-five ($25.00) dol
ars each, which said stock shall be
aid for in cash at the time Of sub
cription, or the same may be issued
t not less than par, in payment or
xchange for property or rights act
ally received or purchased by said
or the same may be
'sued, full paid, for money advanced
nd for such other valuable consid-
ration or service, as the board of |
irectors of said corporation may de-
srmine, provided that not stock |
hall issue until consideration there
Dr. has been received by said cor
oration. Said shares of stock shall |
e signed by the president and the
ecretary. At all elections by, or
lettings of, the stockholders, each |
1are of stock shall be entitled to |
ne vote to be cast by the person in |
hose name the stock appears on
le books of the corporation, or by
is agent or proxy, duly authorized |
that eect fin writing. This cor
oration to become going concern
) soon as the sum of five thousand |
IS, 5,000.00) dollars is subscribed for
nd paid in.
ARTICLE VI.
No stockholder shall have the
lthority or right to sell or other
Use dispose of his stock in whole
in part without first giving the
bard of directors fifteen (15) days
otice in writing of his intention or
esire to dispose of any of his stock
part thereof, and allowing the
BARD of directors, or in its default,
ly stockholder, the first opportunity
purchasing the stock. After which
teen (15) days the stock shall be
I'D in open market. The stock of
id corporation may be transferred
,der the above named conditions,
divided such transf is made on
e books of said corporation at its
lice at Covington, in the parish of
:. Tammany, State of Louisiana,
i'd onthe surrender of the certifi-
tie therefor; the board of directors
all have the right to determine
wv much stock shall be issued.
ARTICLE VII.
The business affairs and corporate
,wers of this corporation shall be
ansacted by a board of directors
of twenty-five (25) stock
olders and the nine members of
e police jury of the parish of st.
shall be ex-officio members
the board of directors by virtue
their Office. The members of the
,ard of directors composed of stock
,lders shall be elected by a major
Y of the votes cast at meeting
be held for that purpose each
.ar.
The board of directors SO elected
all continue in Office for the period
one year, or until their successors
e elected, on which date and there
ter annually, an election for direc-
rs shall be held at the Office of the
rporation in the parish of st. Tam