St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1911-07-01

action of business. Said directors
shall be elected annually from amons
the stockholders ON the first Monday
of June of each year, commencing
III June, 1912.
Notice of such election shall be
given by two (2) publications in a
newspaper published in the town of
Covington, La, within fifteen (15)
days Immediately. preceding said
election.
At said election, and at all other
meetings of the stockholders, the
voting shall be by ballot, and each
share of stock shall be entitled to
one vote by the owner in person, or
by written proxy.
Within one week of their election
as above provided for, the board of
directors shall elect from among
their number president, vice
president and secretary and treas
urer, provided one person may hold
the Office of both secretary and treas
urer, and all of said officers and di-
rectors shall hold their respective Of
fees for a period of one Cd year
from the date of their election, or
until their successors are elected. But
the failure to hold an annual election,
or to elect the officers as above pro-
vided for, shall not result in dis
solution of this corporation, but the
then board of directors and officers
shall hold their Offices until their
successors are duly elected.
Any vacancies occurring in said
board of directors shall be filled by
the remaining members Of the board,
for the unexpired term, at a meeting
called for that purpose after five (5)
days notice in writing, sent by mail
to said directors at their last known
residence.
The said board of directors shall
have the power to make all bylaw,
rules and regulations for the proper
management and conduct of the at
fairs of this corporation, and to
change, alter, abolish and amend
same at pleasure, and shall have and
exercise all the powers conferred by
law on this corporation, and as set
forth generally above.
The said board of directors may
also delegate any of said powers in
the transaction of the business of
this corporation to committees of
their own body or to the officers and
agents of this corporation.
The first board of directors of this
corporation are hereby declared to
be. B. T. Toomer, August Stef, Isaac
Toomer and Alphonse Stef, with
B. T. Toomer as president, August
Stef as vice president, and Isaac
Toomer as secretary-treasurer, who
shall hold their respective Of
fees until the first Monday in June,
1912, or until their successors are
elected
1t shall be the duty of the presi-
dent of this corporation, or in the
event of his inability to act, the vice
president, to call meeting of the
board of directors or of the stock
holders thereof on the written re-
quest to that effect signed by two or
more directors, or upon the written
request to that effect of twenty per
cent of the capital stock.
ARTICLE v.
This corporation may be dissolved
by vote of three-fourths of the
capital stock thereof, at general
meeting convened for that purpose
after forty days advertisement in a
newspaper published in the town of
Covington, st. Tammany Parish, La,
Immediately preceding said meeting
and written notices of the objects of
said meeting sent to each stakeholder
thirty (30) days Immediately prior
to said meeting, at his last known
place of residence
Whenever this corporation is dis
solved, whether by limitation or
otherwise, its affairs shall be liqui-
dated by three liquidating commits
sioners to be elected at a general
meeting. and in case of death or in
ability of any of the said commits
sioners, the surviving commissioners
shall appoint successor and to-
gether they shall continue said liqui-
dation to its termination.
ARTICLE VI.
This charter may be changed, al
tered or amended, and the capital
stock increased or decreased, by a
vote of two-thirds of the capital
stock issued at general meeting
called for that purpose, after thirty
600 days prior notice in writing
having been sent to each stakeholder
at his last known residence, stating
the object of said meeting and forty
(40) days advertisement in news
paper published in the town of Gov
ington, st. Tammany parish, LOUISE
ana, in which the object of the meet
ing is also stated.
ARTICLE VII.
No stakeholder shall be held
liable or responsible for the con-
tracts or faults of this corporation
in any further sum than the unpaid
balance due the company on shares
of stock owned by him. nor shall any
mere informally in the organization
herein have the effect of rendering
this charter null, or of exposing any
stakeholder to any liability beyond
the unpaid balance due on his stock.
Thus done and passed in my Office
in the town of Coyington, parish of
st. Tammany, State of Louisiana, on
the day, month and year hereinabove
and in the presence OF
Messieurs w. A. White and Karl
]. Kohnke, competent witnesses, who
have hereunto signed their names
with the said appaarers and me,
notary, after due reading of the
whole.
Witnesses:
w. A. WHITE.
KARL j. KOHNKE.
GEOGIA B. TOOMER,
By B. T. Toomer, SO shares.
B. r. TOOMER, 1 share.
ISAAC TOOMER, 1 share.
AUGUST STEF, 100 Shares.
ALPHONSE STEF,
By August Stef, share.
(Signed) HARVEY e. ELLIS,
Notary Public.
State of Louisiana,
Parish of st. Tammany,
ysr