St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-06-29

unexpired term, at q meeting called
for that purpose after five days prior
notice in writing sent by mail ia
said directors at taeir last known
address.
The said Board of Directors shall
have power to make all bylaws, rules
land regulations for the proper man.
|agement and conduct of the affairs
of this corporation, and to change
alter, abolish and amend same at
pleasure, and shall have and exer.
else 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 COM
mittees of their own body or to the
officers and agents of this corpora
ton.
The first Board of Directors OF
this corporation are hereby declared
to be: DR.. Frank F. Young as Presi-
dent, J. Dalton Young as Vice Presi-
dent and A. Laurie Young as Secre-
tary-Treasurer, who shall hold their
respective offices until the third Mon
day in the month of June, 1913, or
until their successors are duly elect
| ed.
It 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 a meeting of the
Board of Directors or of the stock
holders thereof, on upon written
request to that effect of fifteen per
cent of the capital stock issued.
ARTICLE V.
This corporation may be dissolved
by vote of three-fourths of the
capital stock thereof issued, at gen.
eral meeting, convened for that pur-
pose after ten (10) days written no.
tice of the objects of said meeting,
|sent to each stakeholder prior to said
meeting, at his last known place of
residence.
Whenever this corporation is dis
solved. whether by liquidation or 9TH
erwise. its affairs shall be liquidated
by two liquidating commissioners, to
be elected at such general meeting
and in case of death or inability to
act of any of said commissioners, the
surviving commissioners shall APP
point a successor and together they
shall continue such liquidation to
it's termination.
ARTICLE vi.
This charter may be changed, al
tered, or amended, and the capital
stock increased or decreased by q
vote of three-fourths Of the capital
stock issued. at q general meeting
called for that purpose after thirty
days prior notice in writing having
been sent to each stakeholder at his
last known place of residence, stat
ing the object of said meeting, and
forty days advertisement in news
paper published in ST. Tammany par
ish, La.
ARTICLE VII.
No stockholder shall be held re-
sponsible or liable for the contracts
|or faults of this corporation in any
further sum than the unpaid balance
due the corporation on shares Of
stock owned by him, nor shall any
mere informality in the organization
hereof, haxe-the effect of rendering
the charter null, or of exposing a
stakeholder to any liability beyond
such unpaid balance due on his stock.
Thus done and passed in my once
lin the town of Covington, Parish OF
|St. Tammany, State Of Louisiana. on
the day, month and year first above
written, in the presence of c. E..
and R. L. Young. compe-
tent witnesses Of this parish, who
have signed these presence, together
with said appearers and me, Notary,
after due reading of the whole.
(Signed)
Nos en- sd RSg Young my shares
Frank F. Young.
Frank F. Young II share.
A. Laurie Young ........1 share.
J. Dalton Young L share.
HARVEY E. ELLIS,
Notary Public.
Witnesses:
c. E. Schonberg.
r. L. Young.
A true copy.
HARVEY E. ELLIS.
Notary Public.
Clerks Office, State Of Louisiana,
Parish of st. Tammany.
l certify that this instrument was
fled for record June ~, 1912. Re
co-6cd juno Is. 1912, IL mortgage
Book s page 290 Of .he official res
crds.
L.. G. NOISE,
Dy. Clerk End Ex-Oflcio Recorder.