St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-12-16

pledge property both real and per-
sonal, issue bonds, notes and other
obligations, to have and employ such |
managers, directors, officers, agents
and other employees as the interest |
of the corporation may require, and !
tc make all regulations for the prop
er management and control of the |
affairs of the said corporation,
through it's board of directors as
may be necessary and expedient.
ARTICLE II.
The domicile of this corporation
shall be in Covington, parish OF st.
Tammany, State of Louisiana.All CT
tations and other legal process shall
be served upon the president of the
said corporation, in his absence upon
the vice-president, and in the abb
sence of both the president and vice
president, then the service shall be
made upon the secretary.
ARTICLE III.
The objects and purposes OF this
corporation and the nature OF the
business to be carried on by it are
hereby agreed to be: To purchase,
receive, hold, lease, or otherwise &C
quire mines, mineral lands, mining
rights, claims and privileges, or real
estate in the United States OF Amer
lea or State of Lauisiana,and to ex-
plore, prospect, examine. test de-
yelope, open. work, or in any manner
use or turn same to advantage, to
prospect and search for natural gas.
oil, petroleum, coal, salt, sulphur,
or other mineral or elements OF
value, to investigate, examine and
| test lands where same are supposed
| to exist, such wells and shafts as
nay be deemed expedient for that
purpose, and to drill, bore, dig,
blast or put down to mine. dig, blast,
excavate. pump or otherwise obtain
or procure natural gas, Oil, petrole-
ull, coal, salt, sulphur or other MIN
erals or substances OF value, anu TO
prepare, purify, refine, manu1ac-
ture, transport, convey, store, ware
house, sell or otherwise use or DIS
pose of same; to drill, bore or put
down, excavate or make, and main
tain, repair, operate, and work any
wells, shafts, mines OF other WorKs
that may be necessary or convenient
Ito accomplish and carry on the OBJ
Ijects and purposes herein set forth;
Ito build, erect, repair, maintain ana
loperate any buildings, houses, pumps
machinery, apparatus, works, rail-
lroads, tramways, boats, barges, ca
lnals, levees, reservoirs, pipe lines,
tanks or other things that may be
necessary or expedient to accomplish
and carry on the objects and purpos-
es herein set forth, and in general
to do and act anything necessary,
convenient or incidental to the &C
complishment of said objects and
, purposes.
ARTICLE Nv.
, The capital stock of this corporation
|, | is hereby fixed at the sum of thirty
. | five thousand dollars, to be divided
, Into and represented by thirty-five
hundred shares of the par value Of
Item dollars, which capital stock shall
, be- increased or decreased IN the
manner provided by the laws of the
State of Louisiana. Said stock shall
be paid for in cash, CT its equiva
> Ilent in real property, or persona
~ property, property received for ser
. lvices rendered, or labor performed
= lin such manner and under the terms
lsuch as the board of directors ma.
= stack shall be issued until the same
has been paid for either in cash o.
> lproperty received, services rendered
! or labor performed. No transfer o
Istock shall be binding upon this cor
!, poration unless recorded upon IL
e books, and until the certificate o
- lstock shall have been delivered t
= 1.-The corporation and duly cancelled
= ARTICLE V.
= All the corporate powers OF thl
= corporation, and the Management
and control of it's affairs, shall b
vested in and exercised by boar
y of directors, composed of eleve
; stockholders, of whom five shall con
: stitute a quorum for the transactio
of business; the number of sal
= board of directors may be increase
~ at the option of the said board of d
- rectors. but in that case, q maJerlt
~ of the number of the board of diret
- tore shall constitute a quorum there
n of. Said board of directors shall b
- elected on the second Monday OF tn
70 ~ month of December of each yea
80 ana shall Immediately after the ele'
ton elect from among their numbe
~ a president, vice-president and
-, treasurer, each of whom shall be
= lstockho1der. They shall also ele'
ar a secretary who may or may not t
~ a stockholder. Each stockholde
~ shall be entitled in person or
o. proxy to one vote for every share
;nn stock owned by him or her. A
- elections shall be by ballot and hel
at the office of the said corporation
under the superintendent of tN
commissioners to be appointed Il
;, that purpose by the board of dire
II tors. A majority OF the votes ca
II, shall elect said board OF directo
W. who with the officers thereof sha
II continue in office until their succe
IT sors have been elected end qualif1e
~ Notice of the election OF a board
% directors shall be given by public
ton in some newspaper publisht
# at the domicile of the corporate
he for a period of at least ten days pr
to vious to said election. The fir
ks election of the board of directors u
,ss Ger this charter shall take place
as the second Monday in Decembe
~ 1912, until which time, or uni
their successors have been du
elected and qualified, the followil
persons shall constitute the fir
board of directors, namely: B.
Warren, A. H. Grimmer.E. B. Ster
P. J, Lacroix, l., Cole, E. G. Del CO
raj, A. R. Smith, Thomas Lacroi
S. D. Bulloch, K. v. Richard and
P. blanche, of whom B. B. War;
av is president; E. B. Stern, vice-pre'
Grin,rnor cppratnrV Al