St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-12-21
poration shall be vested in Board Of
Directors composed Of three persons.

poration shall be vested in Z Board Of
Directors composed Of three persons:
all of whom must be stockholders in
this corporation, the majority OF
whom shall constitute quorum: the
stockholders shall hold regular am
uual meetings, the time for which
shall be fixed by the by laws Of said
corporation: 1t their annual meeting
the stockholders shall transact any
business coming In before them and
shall elect q Board Of Directors for
the ensuing year, which said newly
elected Board shall 1t once organize
|by electing from their number the
officers Of this corporation q already
named. The first Board Of Hlre.:t-
ors shall BE- :. d. Kerr, II. +. Dye
and A. S.. Norrid, who shall hold
Office until their successors are clact-
ed. The first officers shall be J. y.
Kerr, President. A. s. Norrid, Vice
President. and H. T. Pye. Secretary
and Treasurer. It is especially un-s
derstood that failure on the part Of
the stockholders to hold their annual
meeting and elect q new Board Of
Directors shall in no wise effect the
corporate acts Of this corporation, the
old board always holding over until
q new Board is elected and organized.
In all elections each stockholder shall
be entitled to one vote for each share
Of stock owned by him and these
votes must be cast by him IN person
or by proxy and . majority Of the
votes cast shall determine the issue
voted upon. The Board Of Direct
ors shall make such by laws and IeSu-
lations 40 may be necessary for the
proper management Of the affairs
Of this corporation and shall amend
and change the same - they see
proper. and shall have power to pro-
vide for and contract debts, borrow
money, issue bonds, drafts,- notes,
acceptances. execute mortgages and
do al other things incident to the
objects and purposes Of this corpOr-
alton, and shall have power and au-
thority to vest the President or other
officers and managers with such Of
these powers As they see lit.
ARTICLE vi.
This charter may be chinged.
amended or dissolved by two-thirds
vote of the stockholders ct . meet
ing callel for that purpose. Should
this corporation DO dissolved BY -
vote Of ito stockholders IL affairs
shall be liquidated BY the Board Of
Directors ~ q Liquidation Board.
ARTICLE VII.
Shares Of stock can only be trans
ferred by having the transfer record
ed in the books Of the corporation.
and no transfers Of stock can be
made until any unpaid balance there
of shall have first been paid.
ARTICLE VIII.
The President, or In his abSence
or inability to act the Secretary, shall
give each shareholder ten days notice
In writing through the United Statee
mail before each annual meeting 81
the stockholders and ct called meet
ings three days notice shall be given
to each shareholder In the same man
Eer unless the stockholders are pres
ent and waive such notice. II such
be present and partici-
pates in any meeting this notice lie
considered waived. Any ,lrregularity
or infor,nality in the organization OF
this corporation shall not render this
charter null and void, and any sub
scriher or stakeholder shall never be
creditor beyond the amount Of the
stock subscribed by him.
This done and passed in the pres
ence of w. N. Patrick and Adam
Seller, two persons above the age Of
eighteen years and domiciled In St.
Tammany parish, Louisiana, and by
me. said Notary, on the day. and date
first above written.
Name Shares Amt.
H. T. Pye, 20 100000
per ]. p. Kerr
A. 8. Norrid, 20 100000
per ]. ID. Kerr
J. D. Kerr, 20 100000
F. ]. MARTINDALE.
Notary Public.
Witnesses:
w. N. PATRICK,
ADAM SELLER.
/ certify that the aboye Is true
and correct copy of the original.
r. ]. MARTINDALE, y
Notary Public.