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

presence of the witnesses herein
after named and undersigned, per-
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 cond1-
tions, following, to-wit:
ARTICLE I.
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
shall be in the town of Covington,
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 demonstrate
ing the agricultural possibilities 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
necessary for conducting fair, and
for operating an experimental farm
etc.
ARTICLE w
This corporation may sue or bt
sued in it's corporate name, make
and use 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 o.
| mixed property; also bgorrow ane
lend money and make contracts
make and establish such bylaws
rules and regulations as may b.
| necessary, and the some to chang,
and alter at pleasure; and shall
| possess all the rights and privileges
| to which corporations are, or ma.
| be authorized and entitled to pos
sess.
ARTICLE V.
| The capital of said corporation
(, shall be fifty thousand ($5O,OOO.O0
dollars, divided into and representa-
by two thousand (200O shares o
the sum of twenty-five ($25.0O) dol
lars each, which said stock shall b.
paid for in cash at the time OF sub
scription, or the same may be issues
at not less than par, in payment o
exchange for property or rights act
ually received or purchased by sal
corporation, or the same may b
issued, full paid, for money advances
and for such other valuable constd
Grafton or service, as the board o
directors of said corporation may de
termine, provided that not stocl
shall issue until consideration there
for has been received by said cor
poration. Said shares of stock shal
be signed by the president and tn
secretary. At all elections by, Q
meetings of, the stockholders, eac
share of stock shall be entitled t
one vote to be cast by the person i
whose name the stock appears O.
the books of the corporation, or b
his agent or proxy, duly authorize
to that eect fin writing. This col
poration to become going concer
as soon as the sum of five thousan
,OO0.OO) dollars is subscribed fo
\ and paid in.
ARTICLE vi.
] No stockholder shall have tn
| authority or right to sell or othel
\ wise dispose of his stock in whol
\ or in part without first giving tn
\ board of directors fifteen (15) day
lnotice in writing of his intention
desire to dispose Of any of his stoc
or part thereof, and allowing tt
l board of directors, or in it's defaul
any stockholder, the first opportunit
| of purchasing the stock. After while
fifteen (15) days the stock shall
sold in open market. The stock
said corporation may be transferre
under the above named condition
provided such transf is made
| the books of said corporation at l
Office at Covington, in the parish
St. Tammany, State of Louisian
and onthe surrender of the certi
cate therefor; the board of direeto
shall have the right to determil
! how much stock shall be issued.
ARTICLE VII.
The business affairs and corpora
nc wers of this corporation shall
trs nsacted by a board of directo
cor ,posed of twenty-five (25) stoc
bol, 'ers and the nine members
the police jury of the parish of {
Tam 1any shall be ex-officio membe
of Tho board of directors by Writ
of the; Office The members OF t
boerd directors composed of stoc
ho1dors shall be elected by a maje
itv of +, We votes cast at a meeti
tn he he Id for that purpose ca
Tho hoo I'd of directors so elect
sba11 contin ue in Office for the peri
of one year. OF until men euseeSo.