St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-12-02

appoint such managers, agents, d.
rectors and officers as its business,
interest and convenience may re-
quire, and to make and establish, as
well as to alter and amend such by
laws, rules and regulations for the
proper government of the affairs OF
said corporation as may be necessary
and proper.
ARTICLE II.
The domicile of this corporation
shall be in the town of Covington,
in the Parish of St. Tammany, State
of Louisiana. ALI citations, or other
legal processes shall be served upon
the president of said corporation, or
in the event of his absence, then up
on the vice-president, and in the alb
sence of bath. the president and vice
president, upon the secretary of said
corporation.
ARTICLE III.
The objects and purposes for
which this corporation is establish
ed, and the nature of the business
to be carried on by it, are hereby
declared to be to carry on, maintain
conduct and operate the business OF
Retail Druggist or what is usually
known as the operation and conduct.
ing of a Drug Store" business
And in furtherance of the above OBJ
jects and purposes to buy, sell drugs
and such other articles as are usual.
lily bought and sold in said business
to compound prescriptions, buy, sell
and operate, conduct and carry or
drug stores in this State, to operate
soda fountains in said stores. and IL
general to hold and exercise all such
incidental powers and privileges as
relate to the objects and purposes
hereinabove and that may herein.
after be set forth.
| ARTICLE w.
The capital stock of this corpora
ton shall be Three Thousand Dol
lars, divided into and represented
by one hundred and fifty shares Of
the par value of Twenty Dollars pei
erty or services actually rendered tt
said corporation.
| All shares of stock shall be signed
by the president and secretary, ant
| in the absence of the president Or hi
inability to act, then by the vice
president. No share of the capita
stock of this corporation shall evel
be transferred, or sold, or disposed
of, unless the stakeholder desiring
to make such transfer shall first Of
fer said stock to said corporation
Through it's Board of Directors, ant
i the Board shall have one week with
in which to accept or decline thu
offer to sell. No sale or transfer o
stock shall be valid or binding unit
1.-The transfer of said stock is mad
on the books of the corporation, ant
Inc transfer shall be made on thu
books of the corporation until evi
dence is exhibited to the secretar.
that the offer of sale Of said stool
has been made to the Board of Di
rectors, and one week has elapse.
since the offer was made.
ARTICLE V.
The affairs of this corporation
shall be managed and controlled b.
a Board of Directors composed o
three stockholders, which numbe
may be increased to five at the op
ton of the Board of Directors, VIII
shall be elected annually on tn
third Monday in November of eacl
year, beginning with the year 1912
, and all elections shall be by ballo
. and held at the Office of the cor
poration and each share of stocl
present or represented by prox
shall be entitled to one vote. TIE
, days prior notice shall be civ
en- of each election by publ
| cation in some newspaper publishe