St. Tammany farmer., 1911-01-28

board of directors and said stock.
holders shall have the privilege OF
purchasing said shares within q
period of ten (10) days thereafter
at not more than their book value
according to last preceding inven-
tory.
| This corporation shall be a going
concern as soon as three thousand
| ($3,0OO.O0) Of its capital stock has
been subscribed and paid for, in
cash of it's equivalent.
ARTICLE v.
All the powers of this corporation
shall be vested in and the manage
ment and control OF it's affairs shall
be exercised by a board of directors
to be composed of three stockhold-
ers, and two of the said board of
directors shall constitute a quorum
Tor the transaction Of the business
and affairs of this corporation.
The board Of directors shall be
composed OF John L. Lavelle. Joseph
M. Smith, Sr., William T. Newman.
Each board shall elect its own Of
ncers, which shall consist of presi-
dent. vice president and a secre-
tary-treasurer
The officers of the first board of
directors shall be John L. Lavelle,
president; Joseph M. Smith, ST., vice
! president; William T. Newman. Sec
retary-treasurer, and the said board
| OF directors shall serve and remain
In Office. until the first Monday in
January, 1912. on which said date,
! and annually thereafter, the board
OF directors shall be elected by the
stockholders at meeting called for
that purpose.
All directors and officers shall
hold office until their successors are
elected and qualified. and any failure
TO elect directors shall not be regard
ed as forfeiture of this charter.
All such elections shall be by bal
lot, conducted at the office OF the
corporation under the supervision
% three commissioners to be ap-
pointed by the board of directors:
each stockholder shall be entitled to
one vote for each share of stock
owned by him, to be cast in person
or by proxy; and majority of votes
cast shall elect. Any vacancy oc-
curing In the board of directors
snail be filled by the remaining di-
rectors Tor the unexpired term.
Inc board of directors may, from
lts members, appoint such commit
tees as it may deem proper for the |
management of the affairs and busi-
ness OF the corporations; and shall |
De vested with full power and author
1ty to make all contracts; purchases.
and sales, and adopt all bylaws |
rules, and regulations for the gov
eminent of the business and affairs
OF the corporation, and alter. amend |
and change the same at pleasure.
ARTICLE vi.
All meetings of stockholders shall
be called by notice mailed to the last
known address of each stockholder
not less than thirty days before the
date fixed for such meeting.
ARTICLE VII.
Ins act OF incorporation may be
am ended, modified or changed, or
snls corporation dissolved, with the
assent OF three-fourths of the capital
STOCK, present or represented, at a
general meeting of the stockholders
convened for that purpose.
whenever this corporation shall
dissolved, either by limitation or
from any other cause, its affairs shall
be liquidated by three commissioners
TO be appointed for that purpose
from among the stockholders, at
meeting OF the stockholders con-
Vened for that cause. Said COM
m1ssloners shall remain in Office util
the affairs of said corporation shall
De fully liquidated. Any vacancy
occurring among them from any
cause snail be filled by the remain
ing commissioners.
ARTICLE VIII. II
No stockholders shall be liable
or responsible for the contracts
or faults of this corporation.
n any further sum than the unpaid
balance due on the shares of stock
owned by him; nor shall any mere
nformality in organization have the t
effect Of rendering this charter null
or sublecting any stockholder to any
liability beyond the unpaid amount l
1ue on his stock. &
Thus done and passed in my office
n the City Of New Orleans, in the q
presence of John C. Baumann and
Charles A. Duchamp, competent wit
lesses OF lawful age, residents of q
his city and parish. who have here
into subscribed their names, together G
With the said appearers and me,
,otary, after due reading of the I
whole.
Original signed:
JOHN L. LAVELLE, so shares.
JOS. M. SMITH, SR., shares, a
Per pro j. L. Lavelle. 9
W. T. NEWMAN, 5 shares,
Per pro j. L. LavelIe. S
WIN RI1RKE sboro, S
Per pro ]. L. Lavelle. I
J. B. sINNOTT, 10 shares. 7
Per pro ]. L. Lavelle.
A. DUMSER, 10 shares. Q
Per pro j. L. Lavelle. :
GEO. sWARBRICK, shares, a
Per pro J. L. Lavelle.
W. E. LAWRENCE, 10 shares, 5
Per pro j. L. Lavelle.
LEON FRANK, 10 shares,
Per pro ]. L. Lavelle.
P
CHAs. A. DUCHAMP. t
JOHN c. BAUMANN. c
EDOUARD F. HENRIQUES, n
Notary Public. =
State of Louisiana,
Parish of ST. Tammany,
Clerks Office.
certify that this instrument was y
lied for record January Is, 1911, =
md recorded January 1911. in II
Mortgage Book "R," page of
he Official records. y
W. e. BLOSSMAN.
Deputy Clerk OF Court and
Ex-Oficio Recorder.
Charter of the
VI. TAMMANY EXPERIMENTAL -
FARM AND FAIR ASSQCIA