St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-10-26
conditions hereinafter stated, to-wit:

conditions hereinafter stated, to-wit:
ARTICLE l.
The name of this corporation shall
be st. Tammany Lumber Manufac-
turing Company, and under that
name shall have and enjoy existence
and succession for a period of ninety
nine (99) years, unless sooner dis
solved by law or by consent of the
stockholders as hereinafter provid-
ed.
Under this name this corporation
shall have full authority to transact
all business necessary for the proper
conduct of its affairs or carry into
effect any of the powers, privileges
and immunities it is permitted to
hold and exercise under the laws of
this State.
ARTICLE II.
The domicile of this corporation
shall be at Covington, Parish of St.
Tamms.ny, State of Louisiana, where
all citations, or other legal processes
shall be served in accordance with
the statutes of the State of Louisi-
ana. relative to making services on
c0rpOJ atoms
ARTICLE III.
The objects and purposes for which
this corporation is organized and es-
tablt6hed and the nature of the bust
ness to be carried on by it are de-
clared to be: To own and operate
saw mills, dry kilns and planning
mills, and all other enterprises in
cident thereto and connected there
with for the purpose of manufacture
ing logs into lumber and other pro-
ducts; to own and operate logging
railways and tramroads, barges,
steamboats, or other water craft; to
more commissaries, stores, ware
houses. ETC., and to sell either at
Wholesale or retail in any part Of
this State, to buy and sell goods,
wares and merchandise and any COM
modtties; to &C Quire, own and trans
fer franchises; to buy, lease, rent,
mortgage, sell and otherwise alien
ate or acquire property, both real and
personal; to employ agents, sales
men, employees and other help; and,
generally, to engage in any business
or enterprise in any town, city or
parish or subdivision of the State
of Louisiana, and to have all rights,
privileges, advantages and immuni-
ties granted by law to corporations
ARTICLE w.
The capital stock of this corpora
ton shall be Two Hundred Fifty
Thousand ($25O,O0O.OO) Dollars, di-
vided into and represented by Two
Thousand Five Hundred (25OO)
shares of stock, at a par value Of
One Hundred ($1OO.OO) dollars each.
Said stock shall be paid for in cash
at the time Of the subscription, or
as the same is issued for not less
than par, or in payment of exchange
IN property actually received or pur-
chased by this corporation, or for
services rendered.
This corporation may commence
doing business AMI shall become Il
going concern as soon as Eigth.
Thousand ($80.OO), Dcllors of its
capital stock shall have been SUBJ
scribed for and paid in. the remain
ing capital stock not subscribed for
shall be under the control of the
Board Of Directors of this corpora
tin.
ARTICLE v.
The corporate powers of this cor
poration shall be vested in and ex-
ercised by Board of Directors COM
posed of Seven CD stockholders,
Four 40 of whom shall constitute
a Quorum fer the transaction of all
business, anG their acts shall bind
this corporations; said Board of Dr.
hi
to sell che entire holdings of the cor
poralion or any part thereof, to fix
the price and terms of sale, and to
determine whether same shall be S '!1
for cash or on terms of credit.
ARTICLE vi.
The first election of the Board of
Directors under his charter shall DC
at a meeting OF the stockholders 70
be held on the first Monday of Janu-
airy, 1918, at the office of the cor
poratioE at Covingtcn, St. Tammany
parish. Louisiana, and thereafte. tae
shall ELld a meeting an
nually on the first Monday of Jan L.
AIRY If each ..ar At the Office of said
and elect a Board of
Directors. Said .:osrd of Directors
elected ut any of sucE meetings shall (
serve ,atil their successors have
been elected and qualified. All III
f:cers shall be tc1ed from 'amonst
the Board of .lcctors, and no per I
son shall he eligible as a Director
who is not a stcl klo;der of this Gel |
:oration. During the absence OF the |
President the Vice President shall |
act and preside in his stead. Notice |
Of stockholders meetings shall be |
given in writing by mail addressed
to each stockho'der p. his usual plac
Of business, ten (:0) days prior =, |
date OF such meeting, and the Boaf1
of DIRECTORS shall appoint pne of !
their number to preside over such
meetings whenever a
Board of Directors is to be elected,
and on failure of such Director to /
attend, the President shall appoint
q stakeholder to fill the vacancy. /
All elections shall be by ballot.
Each stakeholder shall be entitled !
TO one vote for each share of stock
registered in his name, which may
be voted in person or by written