St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-03-25


officers as it's business, interests and
convenience may require; to make
and establish such bylaws, rules and
regulations for the proper manage
ment and regulation of its affairs as
may be deemed necessary and proper
to carry out the objects and pur-
poses of said corporation.
Said corporation, unless sooner
dissolved, in accordance with Its
charter, shall exist or continue for
the period of ninety-nine years from
and after the date hereof.
The president, or In his absence,
the vice president, or In the absence
of both, the secretary shall be the
proper person upon whom citation
or other legal process shall be serv-
ed.
ARTICLE II.
The objects and purposes for
which this corporation is formed and
the nature of the business to be
carried on by it, are hereby declared
to be: The operation Of a hotel in
all of it's branches; the leasing or
letting of same in whole or in part
for hotel, or commercial purposes,
or otherwise; the manufacture of ice,
electricity and the production Of
water for the use of said hotel, with
the right to sell said ice, electricity
or water to the general public; to
purchase for cash or on terms OF
credit, such lands or buildings, or
to cause such buildings to be erect
ed, as shall be necessary to the con-
duct of the aforesaid business, and
generally to do all things incidental
to the proper management or con-
troll of said business.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at fifty thousand
($50, 000.00) dollars, divided into
and represented by five hundred
| 5000 shares of the par value OF
one hundred ($100.00) dollars each,
| which stock may be issued at not
less than par for cash, or In pay
| ment of exchange for property or
rights actually received or purchas-
| ed by said corporation, provided that
no stock shall be issued unless the
consideration therefor has been re-
ceived by said corporation. All trans
fers of stock shall be made on the
books of said company at its office
at Covington, Louisiana, on the sur.
render of the certificates therefor.
| No stockholGer shall have authority
or right to sell, or otherwise dispose
af his stock, in whole or In part
without first giving the board OF al.
roctors ten DAYS written notice of
his intention or desire to dispose OF
his stock or a part thereof, and al
lowing the board of directors the
first opportunity of purchasing the
stock.
Said corporation shall become a
going concern and be authorized TO
do business as soon as $5,00O.Oo OF
the capital stock shall have been
. subscribed for.
The corporate powers of this cor
marathon shall be vested, in and ex'
ercised by q board OF three direc'
tors, consisting of president vlce
president, NEUTRALITY-SUSPICIOUS., Two
!. of whom shall constitute quorum
for the transaction OF business. oait
!. directors shall be elected annuaiI
from among the stockholders on TN
third Monday Of the month OF Fep
ruary in each year, commencing OF
the. ataha d ltessed to the sthocifn5fadle4f
at his last known place of residence
At said election and all other meet
ings of the stockholders the votin
shall be by ballot and each share Q
stock shall be entitled to one vot
by the owner in person, or by writ
s. ten proxy.
Within one week Of their election
above provided for, the board shal
: elect from among their number
president, vice president, and
secretary-treasurer, and all of sal
officers and directors shall hold thei
respective offices for period Of on
year from the date of their cleo
ton, or until their successors ar
8 elected. But the failure to hold a
. annual election, or to elect the OF
; fcers as above provided for, shal
not result in a dissolution of thi
corporation, but the then board G
directors and officers shall hold thei
Offices until their successors are dull
. elected.
: Any vancancies in said board Q
3 directors shall be filled by the re
naming members OF the board TO
the unexpired term, at a meetin
called for that purpose after tire
:. days prior notice in writing sent
mail to said directors at their las
known address.
The said board of directors sha
have power to make bylaws, rule
and regulations for the proper mar
agement and conduct of the affair
of this corporation, and to change
, alter, abolish or amend same a
:. pleasure, and shall have and excl
else all the powers conferred by la
on this corporation as set forth ger
orally above. The said board of d
}. rectors may also delegate any of sal
powers in the transaction of tn
business of this corporation to CON
mittees Of their own body or to tn
officers and agents of this corpors
h ton.
r The first board Of directors of thi
d corporation are hereby declared t
e be: Harvey E. Ellis, as presiden
Q w. A. White as vice president, w.
e Hood, as secretary-treasurer, VIII
) hold their respective offices until tn
/. third Monday of February. 1912, c
: until their successors are duly cleo
e ed.
r It shall be the duty of the pres
v dent of this corporation, or in tn
: event Of his inability to act, the vic
: president, to call meeting of tn
: board of directors or the stockholl
= ers thereof, on the written reques
=, thof offact aipned nv two diret