St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-04-01

treasurer. The failure from any
cause to elect directors on the day
stipulated shall not dissolve this cor
poration, but the officers and direc-
tors then in Office shall hold over
until their successors shall have been
elected and qualified. In the event
of failure to hold the election on
the day stipulated shall not dissolve
this corporation, but another cleo
ton shall be called Immediately
thereafter as hereinabove stipulated.
Any directors shall have the right
to vote on all questions before the
!! board, either in person or by proxy,
and when by proxy, the person hold
ing same to be counted in place of
absent directors. The board OF d.
rectors shall have the power to I'LL
any and all vacancies occurring in its
membership from among the stock
holders of the corporation. They
shall have full control of the prop
erty and arrangements Of this cor
poration and shall conduct and man
age it's business. They shall appoint
such officers, agents, managers, en-
| ployees, servants and clerks as may
be necessary for conducting the bust
| ness affairs of the corporation; shall
| fix their compensation and shall have
| the right to dismiss them at pleas
ure, and may make and establish,
as we'll as alter and amend, any and
all bylaws, rules and regulations for
the conduct, support and manage
ment of the bushes and affairs of
the corporation. Said board of di-
rectors shall have full power to con-
tract debts, borrow money, issue
notes, bills of exchange, bonds and
other obligations; execute and grant
mortgages, and to receive same, and
to generally do ell things necessary
for the conduct of the business. And
shall have full power to issue and
deliver full paid shares of stock for
cash or property received, services
performed or labor done. All certi-
ficates Of stock of this corporation,
after being duly ordered issued by
the board of directors, shall bear
the seal of the corporation and be
signed by the president and the Sec
rotary. In the absence of the presi-
dent, then signed by the vice presi-
dent.
ARTICLE vi.
This charter or act of incorpora'
ton may be changed, modified or
amended, of this corporation may be
dissolved, at general meeting OF
stockholders held for that purpose,
with the consent of three-fourths OF
l. the capital stock present or repre-
scented at such general meeting as
hereinabove provided in article five
lin case of the dissolution of this
corporation, either by limitation OF
it's charter or for any cause, It's al
fairs shall be liquidated by three
commissioners selected by the stock
holders at a, general meeting al
above set forth. The commissioner
shall remain in Office until the al
fairs of the corporation shall hav'
been fully liQuidated. In case o
the death of incapacity to act OF an.
one or more of the liquidators, thu
survivors or survivor shall continue
to act. Said liquidators are hereb.
invested with full power to sell an.
and all assets and property, boil
real and personal, of the corpora
ton, and give and grant full an
d complete title thereto, and shall hav
full power and authority to do an
e perform all acts necessary, usefu
J. and proper to fully wind UP an
: liuuidate it's affairs and distribut
;. it's proceeds, if any, among the stock
IS holders.
81 ARTICLE VII.
% No stakeholder shall ever be hel
q liable or responsible for the con
j. tracts, faults or debts of said col
J. poration, nor shall any mere infol
. mality render this charter. void o
expose any stockholder liable for an
debts beyond the unpaid balance,
J. any, due said corporation on share
II owned by him or her.
% This done and passed in my Office
" in the town of Covington, in tn
lie parish of St. Tammany, State {
81 Louisiana, on the day and date an
ID month above written in the presenc
70 of G. Boudousquie and Louis .
id Hennessey, both competent witnesse
is of legal age, who signed their names
p with said appearers and me, notar.
after due reading of the whole.
- Witnesses:
10 G. BOUDOUSQUIE.
* LOUIS ]. HENNESSEY.
Is A. MARCUS, Is shares.
II LAWRENCE COLE,
ID 200 share