St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-01-21

purchasing said shares within a
period of ten (10) days thereafter
at not more than their book value
according to last preceding inven-
tory.
This corporation shall be going
concern as soon as three thousand
($3,000.00) of it's capital stock has
been subscribed and paid for, in
cash of it's equivalent.
ARTICLE v.
ALI the powers of this corporation
shall be vested in and the manage
ment and control of its affairs shall
be exercised by-a board of directors
to be composed of three stockhold-
ers, and two of the said board of
directors shall constitute a quorum
for the transaction OF the business
and affairs of this corporation.
The board of directors shall be
composed of John L. Lavelle, Joseph
M. Smith, Sr., William T. Newman.
Each board shall elect it's own of
ficers, which shall consist of a presi-
dent, vice president and secre-
tary-treasurer.
The officers of the first board of
directors shall be John L. Lavelle,
president; William T. Newman, Sec
retary-treasurer, and the said board
OF directors shall serve and remain
in office, until the first Monday in
January, 1912, on which said date,
and annually thereafter, the board
of directors shall be elected by the
stockholders at meeting called for
that purpose.
All directors and officers shall
hold Office until their successors are
elected and qualified, and any failure
to elect directors shall not be regard
ed as a forfeiture Of this charter
All such elections shall be by bal
lot, conducted at the office of the
corporation under the supervision
of three commissioners to be ap-
pointed by the board of directors;
each stockholder shall be entitled to
one vote for each share of stock
owned by him, to be cast in person
or by proxy; and majority Of votes
cast shall elect. Any vacancy oc-
curing in the board of directors
shall be filled by the remaining di-
rectors for the unexpired term.
The board of directors may, from
its members, appoint such commit
tees as it may deem proper for the
management of the affairs and busi-
ness of the corporation; and shall
be vested with full power and author
ity to make all contracts; purchases,
and sales, and adopt all bylaws
rules, and regulations for the gov
ernment of the business and affairs
OF the corporation, and alter, amend
and change the same at pleasure.
ARTICLE vi.
All meetings of stockholders shall
be called by notice mailed to the last
known address of each stockholder
not less than thirty days before the
date fixed for such meeting.
ARTICLE VII.
This act of incorporation may be
amended, modified or changed, or
this corporation dissolved, with the
assent of three-fourths of the capital
stock, present or represented, at a
general meeting of the stockh olders
convened for that purpose.
whenever this corporation shall
| dissolved, either by limitation or
from any other cause, it's affairs shall
be liquidated by three commissio O ners
to be appointed for that pur1 ,ose
from among the st ockholders, at a
meeting of the stockholders con-
vened for that cause. Said COM
| missioners shall remain in office u til
the affairs of said corporation sha ii
be fully liquidated. Any vacancy
! occurring among them from any
| cause shall be filled by the remain
ing commissioners.
ARTICLE VIII.
No Ockhnldorc. shall ho 1;ol,Io
or responsible for the contracts
or faults of this corporation,
in any further sum than the unpa id
balance due on the shares of stock
owned by him; nor shall any mere
informality in organization have the
effect OF rendering this charter nu II
or subjecting any stockholder to any
liability beyond the unpaid amount
due on his stock.
Thus done and passed in my office
in the City Of New Orleans, in the
presence of John G.. Baumann and
Charles A. Duchamp, competent wit
nesses Of lawful age, residents of
| this city and parish. who have here
| unto subscribed their names, together
with the said appearers and me,
| notary, after due reading of the
| whole.
| Original signed:
| JOHN L. LAVELLE, so shares.
JOS. M. SMITH, SR., shares,
Per pro ]. L. Lavelle.
| W. T. NEWMAN, S shares,
| Per pro ]. L. Lavelle.
| VIM. P. BURKE, 10 shares,
Per pro J. l.. Lavelle
| j. B. S1NNOTT, 10 shares.
| Per pro ]. l.. Layelle
| A. DUMSER, 10 shores.
| Per pro J. IL. Lave Vie
i GEO. SWARBRICK, share g
| Per pro j. l.. Lavelle.
| w. E. LAWRENCE, 10 shares,
! Per pro J. L. Lavelle.
/ LEON FRANK, 10 shares,
| Per pro ]. L. Lavelle.
Witnesses:
| CHAS. A. DUCHAMP.
JOHN C. BAUMANN.
| EDOUARD F. HENRIQUES,
| Notary Public.
| State OF Louisiana,
Parish of St. Tammany,
| Clerks Office.
/ certify that this instrument was
filed for record January 1S, 1911,
and recorded January 1911. in
| Mortgage Book "R," page OF
! the official records.
w. E. BLOSSMAN.
Deputy Clerk of Court and
Ex-Offcio Recorder.
| Charter of the
ST. TAMMANY EXPERIMENTAL
FARM AND FAIR ASSOCIA.
| MON