St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-08-17

| stockholders; . majority u "noHl
shall constitute Q quorum Tor the
transaction Of business. Said Direct
tors shall be elected annually from
among the stockholders on the ISL
day Of January Of each year. com
mencinE en- the LIST day OF January
1913.
Notice Of such election shall De
given by two (2) publications IN .
newspaper published In st. Tam.
many parish, La. within fifteen (lo1
days Immediately preceding salo
election.
| At said election, AMI at all other
Il. ceilings of the stockholders the
voting shall be by ballot. a. Can
share of stock shall be entitled &c
one vote by the owner in person, OF
by written proxy.
| Within ten days of their election
as above provided for the Board OF
Directors shall elect from among
their number q President, a Vice
President. and q Secretary and
Treasurer, provided one person may
hold the oflice Of both Secretary and
Treasurer, and all of said omcers
and directors shall hold their re-
spective oflces for q period OF one
~ year from the date OF their cleo
ton. or until their successors arc
elected. But the failure to hold an
annual election, or to elect the Of
ficers as provided for, shall not re-
suit In q dissolution of this corpora
ton but the then Board OF Direct
ors and officers shall hold their ohices
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 . meet
ing 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 bylaws
rules and regulations for the proper
MANAGEMENT and conduct OF the af
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 William L. Houlton, Fred A.
Lewis and Richard G. Latta, with
william l.. Houlton as president
Richard G.. Latta as vice president.
and Fred A. Lewis rs secretary-treas.
|urer, who shall hold their respective
offices until the first Lay Of January.
1918, or until successu..s are duly
elected and qualified.
ARTICLE Y.
This corporation may be dissolved
by = vote of three-fourths Of the cap
ital stock thereof present at ge~-
eral meeting convent: for that rur-
pose after forty days advertisement
in newspaper published Ia st. Tam
many parish, La, Immediately pre-
ceding said meeting and written
notices of the objects of said meet
ing sent to each stakeholder thirty
500 days Immediately prior to said
meeting, at his last known place O.
residence.
Whenever this corporation is dis
solved. whether by liquidation or
otherwise, it affairs shall be liqui-
dated by two liquidating commission.
ers to be elected 1T general meet.
ing, and in case of death or disabili.
ty of any of said commissioners, tho
q successor from among the stock
holders, and together they shall con
tinue said liquidation to its termi
nation.
ARTICLE vi.
This charter may be changed, al
tered or amended, and the capital
stock increased or decreased, by g
vote of two-thirds of the capital
stock issued. at a general meeting
called for that purpose. after thirt!
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
(4O) days advertisement in q news
P0p0A PuUAl6uCu III ~. 16uulAuy
parish, Louisiana, in which the oh
ject Of the meeting Is also stated.
ARTICLE VII.
No stockholder shall be held liable
or responsible for the contracts
faults Of this corporation in any fur
ther sum than the unpaid balance
due the company on shares of stocl
owned by him, nor shall any mer,
informally In the organization here
In have the effect of rendering thi.
charter null, or of exposing an,
stakeholder to any liability beyont
the unpaid balance due on his stock
Thus done and passed in my ofIlc,
In the town of Covington, Parish o
st. Tammany, State Of Louisiana, OF
the day, month and year hereinabov,
mentioned, and in the presence o
Nv. A. White and ]. Emmett Will
ans, competent witnesses who hav,
hereunto signed their names Wit
the said appearers and me, notary
after reading of the whole.
| (Signed)
Wm. L. Houlton 1898 shares
Richard G. Latta .........1 share
Fred A. Lewis .........1 share
/ Witnesses:
w. A. WHITE,
J. EMMETT WILLIAMS.
i HARVEY E. ELLIS.
4 Notary Public.