St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-06-15
by the owner in person, or BY written

by the owner in person, or by written
proxy.
Within one week of their election,
as above provided for, the Board
shall elect from among their number
4 President, Vice President and
Secretary-Treasurer, and all OF said
officers and directors shall hold their
respective offices for q period OF one
year from the date OF election, or
until their successors are elected.
But the failure to hold m annual
election, or to elect officers 40 shove
provided for, shall not result IN
dissolution Of the corporation. but
the then Board Of Directors and of
ficers shall hold their Offices until
their successors are duly elected.
Any vacancies in said Board OF DE-
rectors shall be filled by the remain
ing members of the Board for the
unexpired term, at meeting called
for that purpose after five days prior
notice in writing sent by mail to
said directors at their last known
address.
!! THE said Board Of Directors shall
have power to make all bylaws, rules
and regulations for the proper man
axement and conduct of the affairs
lot 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
ito be: DR.. Frank F. Young as Presi-
dent, j. Dalton Young as Vice Presi-
tary-Treasurer, who shall hold their
respective Offices until the third Mon
/ day in the month Of June, 1913, or
until their successors arc 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 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, Ut 4 gem
leral meeting. convened for that pur-
pose sitter ten (10) days written no
tice Of the objects of said meeting,
sent to each stakeholder prior to said
meeting, ct his last known place Of
residence.
Whenever this corporation ID dis
SOLVED. whether by liquidation or 9TH
Ierwise. its affairs shall be hquidated
by two liquidating commissioners, to
be elected at such general meeting
land in case of death or inability to
act OF any of said commissioners, the
surviving commissioners shall an
point successor and together they
shall continue such liquidation 10
its termination.
ARTICLE vi.
4 This charter may be changed. IL
tered, or amended, and the capital
lstock increased or decreased BY 4
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 stockholder at h!r
last known place Of residence, stat
ing the object Of said meeting, and
forty days advertisement III news
paper published in st. Tammany mar
fish, La.
i ARTICLE VII.
\ NO stakeholder shall be held re-
Isponsible or liable for the contracts
or faults of this corporation in sns
FURTHER sum than the unpaid balance
due the corporation en- shares 81
stock owned by him, nor shall any
mere informality in the organization
thereof. have the effect Of rendering
the charter null, or Of exposing !
stakeholder to any liability beyons
such unpaid balance due on his stock.
Thus done and passed In my ONCE
IN 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.. n.
Scnonberg and r. L. Young, compe-
tent witnesses Of this parish. who
nave signed these presence, together
with said appearcss an! NE. Notary.
latter due reading Of the whole.
/ (Signed)
lNoemie Roy Young Gao shares
| TO authorize my wife
Frank F. Young.
Frank F. Young share.
A. Laurie Young share.
J. Dalton Young share
HARVEY E. ELLIS.
Notary Public.
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