St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-02-04


ana become going concern as sool
as six Thousand dollars of its capita
stock shall have been subscribed ant
paid for; the residue of said stool
to be issued end payment made there
for; said stock shall be fully paid al
; the time of it's issuance and there
; after worcestershire, and the capita
stock may be increased or decreased
, in the manner provided by the laws
of this State.
The parties to this act declare that
they hereby subscribe for the mum.
Der of shares of said capital stock
set opposite their respective sigma
lures herto, SO that this act of in
corporation shall serve as an original
subscription.
ARTICLE V.
All the powers of thic corporation
shall be vested in and be exercised
by board of directors, to be elected
each year by the stockholders at the
annual meeting; the said directors
shall be bona fide stockholders, and
the first board shall consist Of: Jas.
S. Jones, Thomas c. Adams and e,
Jones, with Jas. S. Jones, president;
Thomas G. Adams, vice president and
secretary, and E. Jones, treasurer.
On the Saturday next preceding the
second Monday of December, 1911.
and annually thereafter, except when
such day shall fall on legal holiday.
then upon the next following lay-day.
the stockholders shall elect a board
of directors for the ensuing year, the
| board already installed to continue
to hold oevr until their successors
| are elected and qualified. The board
OF directors SO elected shall elect
from their own number the officers
OF the corporation which shall be
president, vice president and secre-
tary and treasurer. The election
of directors shall be by ballot, and
the persons receiving the largetst
number of votes cast shall be de-
clared elected. For electing directors,
or for any other purpose, each share
of stock, whether present of by proxy,
shall be entitled to one vote, and a
majority of the votes cast shall be
required to pass any resolution or
decide any question submitted to the
stockholders, except for the altera-
ton or amendment of this charter,
or the dissolution of the corporation,
as hereinafter provided.
The said board of directors shall
have power and authority to make
al necessary rules and regulations
for the management, operation and
control of the business of the cor
poration, as well as to make all
necessary rules and bylaws, with
power to fill any vacancy occurring
in their number. A majority of the
directors voting at any one time, in
person or by proxy, shall be required
to pass any resolution Or adopt any
bylaws, and which, when so adopted,
shall become valid corporate acts.
ARTICLE VI.
Notice of all meetings of stock
holders, for electing directors OFF or
any other purpose, shall be given, in
writing, by the secretary, to be de-
posted in the mail at least ten days
before such meeting, directed to each |
stakeholder at his last known adj
dress, appearing upon the books of |
the corporation, unless said notice |
is waived in writing by all the stock |
holders appearing as such upon the |
books.
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation of it's |
charter OR from any other cause. it's
affairs and business shall be LIQUID |
ated by three commissioners, to be
from among the stock |
holders, at general meeting there
OF, to be convened after ten days
prior notice to be given in one of
the newspapers published in the |
town of Covintogn, in addition to the I
notice to each stakeholder provided
in Article VI hereof, and by the af-
flrmatiVe vote of three-fourths of the
stock of the corporation shall have
been fully liquidated, and, in case of
the death of one or more of such
commissioners, the survivors or sur
vivor shall continue to act
ARTICLE VIII.
This act of incorporation may be
modified, added to, changed or
or this corporation may be
dissolved by and with the assent of
The holders of three-fourths in
of it's then outstanding CAPT.
al stock, given at a general meet
ng of the stockholders of the cor
to be convened for such
purpose after ten days prior notice
% be given in one of the newspapers
in the town of Covington,
n addition to the notice to the stock
holders as provided in Article vi of
his charter. Is
ARTICLE TX.
No stakeholder shall be held
liable Or responsible for the contracts
II faults of this corporation, in any
urther sum than the unpaid balance
lue the corporation in the. shares
owned by him, nor shall any mere
in organization have eff
ect of rendering this charter null
" of exposing stakeholder to liabil- |
ty beyond the amount of his unpaid | !
tock, if any.
Thus done and passed, at my Office
n the town of Coingtvon, On the day,
month and year hereinafter written,
n the presence of Messrs. S. G.. Hart
md George Sawaya, competent wit
lesses, who hereunto siened their
James, together with said appearers
md me, notary, after due reading of
he whole. II
D
S. C. HART. II
GEORGE SAWAYA. i,
Original signed: It
JAS. S. JONES, 80 shares. {
THOMAS C. ADAMS,
20 shares. | {
WARREN THOMAS, 1 share. t
E. JONES, share. l
FED J. HEINTZ, JR.,
Notary Public.