St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-02-18

rights actually received or purchas
ed by said corporation, provided tina
no stock shall be issued unless tn
consideration therefor has been re
ceived by said corporation. All trans
fers of stock shall be made on tn
DOCKS of said company at it's offic
at CoVington, Louisiana, on the sur
render of the certificates therefor
NO stakeholder shall have authorit,
| OF rlght to sell, or otherwise dispos,
| OF MS stock, in whole or in part
without first giving the board of di
| rectors ten days written notice O
| MS intention or desire to dispose O.
| MS stock or part thereof, and al
| lowing the board of directors thu
nrst opportunity of purchasing the
stock.
Said corporation shall become {
gong concern and be authorized t.
40 business as soon as 100000 Of
the capital stock shall haYe beer
subscribed for.
The corporate powers of this cor.
poration shall be vested in and ex.
erclsed by a board of three direc.
tors, consisting of president, vice
presldenh secretary-treasurer, two
or whom shall constitute a quorum
Tor the transaction of business. Said
directors shall be elected annually
from among the stockholders on the
third Monday of the month of Feb
fuary IN each year, commencing on
the 18th day in the month of 1912.
Notice of such election shall be
given by at least five days written
notlce addressed to the stockholders
at mis- last known place of residence.
AL SAID election and all other meet
ings OF the stockholders the voting
snail be by ballot and each share of
stock shall be entitled to one vote
by the owner in person, or by writ
ten proxy.
Within one week of their election,
above provided for, the board shall
eject from among their number a
president, a vice president, and a
secretary-treasurer, and all of said
ohcers and directors shall hold their
respective offices for a period of one
year from the date of their cleo
ton, or until their successors are
elected. But the failure to hold an
annual election, or to elect the Of
ncers as above provided for, shall
not result in dissolution of this
corporation, but the then board of
directors and officers shall hold their
ofhces until their successors are duly
elected.
Any vancancies in said board of
directors shall be filled by the re-
naming members of the board for
the unexpired term, at a meeting
called for that purpose after three
Gays prior notice in writing sent by
mail to said directors at their last
known address.
The said board of directors shall
nave power to make bylaws. rules
and regulations for the proper man
agement and conduct of the affairs
OF this corporation, and to change,
alter, abolish or amend same at
pleasure, and shall have and exer-
else all the powers conferred by law
On thls corporation as set forth GEN
orally above. The said board of d.
rectors may also delegate any of said
powers in the transaction of the
business of this corporation to COM
lnlttees OF their own body or to the
oncers and agents of this corpora
ton. o1
The first board of directors of this
corporation are hereby declared tn
be: Harvey E. Ellis, as president
w. "A. White as vice president, w. A.
1000, as OBSERVATION-DISCLOSURES, who
mold their respective Offices until the
-hlrd Monday of February, 1912, or
antll their successors are duly elect
ed.
1t shall be the duty of the presi-
dent of this corporation, or in the
event of his inability to act, the vice
to call a meeting of the
board of directors or the stockhold-
ers thereof, on the written request
% That effect, signed by two direc-
.ors, or upon the written request tn
mat effect of fifteen per cent of the
capital stock issued.
ARTICLE v.
This corporation may be dissolved
by vote of three-fourths of the
capital stock Thereof issued, at a gen
eral meeting convened for that pur-
pose after ten (10) days written
notice of the objects of said meeting.
sent to each stakeholder prior to
laid meeting, at his last known place
If residence.
whenever this corporation is dis
solved, whether by limitation or
otherwise, it's affairs shall be lioui-
lated by two liquidating commits
loners, to be elected at such general
meeting, and in the case of death or
inability to act of any of said COM
nlssloners, the surviving commits
Toner shall appoint a successor and
ogether they shall continue such
liquidation to it's termination.
ARTICLE vi.
This charter may be changed, al
cred or amended, and the capital
took increased by a vote of two
birds of the capital stock issued. at
general meeting called for that
urpose after thirty days prior no.
ice in writing having been sent to
ach stakeholder at his last known
lace OF residence, sating the object |
I said meeting and forty days prior |
advertisement in a newspaper pub /
shed in st. Tammany Parish, La.
ARTICLE VII.
No stakeholder shall he held re-
oonsible or liable for the contracts
faults of this corporation in any
lrther sum than the unpaid bal
nee due the corporation on shares
stock owned by him, nor shall any
ere informally in the or ganization
ereof have the effect Of rendering
lis charter null, or of exposing a
ockholder to any liability beyond
lch unpaid balance due on his
ock
Thus done and passed in my Office
the town of Covington, Parish of