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


sonally came and appeared, the
parties whose names are hereunto
subscribed, all of full age, who de-
clare that, availing themselves Of the
provisions of the laws relative to
the organization of corporations,
they have covenanted and agreed,
and by these presents do covenant
and agree and bind themselves, as
we'll as such other persons as may
hereafter become associated with
them, to form and constitute a cor
poration and body polite in law, for
the purposes and objects, and under
the stipulations, articles and condi-
tions, following, to-wit:
ARTICLE 1.
The name and style of this cor
poration shall be, the ST. TAM
MANY EXPERIMENTAL FARM
AND FAIR ASSOCIATION, and by
that name it shall have power and
authority to exist and enjoy success
sion for the full term of ninety-nine
years from date hereof, unless sooner
dissolved.
ARTICLE II.
The domicile of this corporation
in the parish of St. TamMany, State
of Louisiana. All citations and other
legal professions shall be served on
the president, or in his absence or
inability to act upon the vice-presi
dent. The president shall be the
executive officer of the corporation,
and shall preside at the meetings
of the board of directors and stock
holders.
ARTICLE III.
The objects and purposes for
which this corporation is established
and the nature of the business to
be carried on by it are hereby de-
clared to be to operate and conduct
a fair, to operate an experimental
farm, for the purpose of demonstrat-
ing the agricultural posi- bilities OF
the soil, the raising of live stock,
poultry, etc. T build an athletic
field, race course, etc.; to advertise
and exploit the parish of st. Tam
many; to build suitable buildings for
club houses, stables, exhibition halls,
grand stands, refreshments stands,
ETC., to arrange for charge for ex-
hibits, entrance fees, acts and things
for operating an experimental farm.
etc.
ARTICLE w
This corporation may sue or be
sued in it's corporate name, make
and use a corporate seal, the same
to break and alter at pleasure; hold,
have receive, purchase, convey, sell,
mortgage, hypothecate, pledge. lease,
suitcase, and enjoy real personal or
mixed property; also bgorrow and
lend money and make contracts;
make and establish such bylaws.
rules and regulations as may be
necessary, and the some to change
and alter at pleasure; and shall
possess all the rights and privileges
to which corporations are, or may
be authorized and entitled to pos
sess.
ARTICLE v.
The capital of said corporation
shall be fifty thousand ($50,000.0O
dollars, divided into and represented
by two thousand 10000 shares Of
the sum of twenty-five ($25.00) dol
lars each, which said stock shall be
paid for in cash at the time of sub
scription, or the same may be issued
at not less than par, in payment or
exchange for property or rights act
ually received or purchased by said
corporation, or the same may be
issued, full paid, for money advanced
and for such other valuable consid-
Grafton or service, as the board OF
directors of said corporation may de-
termine, provided that not stock
shall issue until consideration there
for has been received by said cor
poration. Said shares of stock shall
be signed by the president and the
secretary. At all elections by, or
meetings of, the stockholders, each
share of stock shall be entitled to
one vote to be cast by the person in
| whose name the stock appears on
the books of the corporation, or by
his agent or proxy, duly authorized
| to that eect fin writing. This cor
poration to become going concern
as soon as the sum of five thousand
($5,O0O.0O) dollars is subscribed for
and paid in.
ARTICLE vi.
No stockholder shall have the
| authority or right to sell or other
wise dispose of his stock in whole
or in part without first giving the
board of directors fifteen (15) days
notice in writing of his intention OF
desire to dispose of any OF his stock
or part thereof, and allowing the
board of directors, or in its default
any stockholder, the first opportunit,
of purchasing the stock. After which
fifteen (15) days the stock shall b.
sold in open market. The stock O
said corporation may be transferred
under the above named conditions
provided such transf is made OF
the books Of said corporation at it
office at Covington, in the parish o
St. Tammany, State of Louisiana
and onthe surrender of the certifi
cate therefor;;' the board of director
shall have the right to determin
how much stock shall be issued.
ARTICLE VII.
The business affairs and corporal
powers of this corporation shall b
transacted by board of director
composed Of twenty-five (25) stock
holders and the nine members Q
the police jury of the parish of 81
Tammany shall be ex-officio member
OF LHe DOdIu VI uL0StoAo "
of their office. The members OF tn
board of directors composed OF stock
holders shall be elected by a major
> ity of the votes cast at a meetin
: to be held for that purpose eac
year.
The board of directors SO electe
shall continue in Office for the perio
of one year, or until their successor
are elected, on which date and ther'
after annually, an election for dire
tors shall be held at the Office of tt
L corporation in the parish of st. Tan
many, State of Louisiana, att