St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-08-03

Gu Ny LA0 = AOSA0SAs oAAO SS~A
of said corporation, and all trans
fers of stock shall be made on tn
books of said company, at its office
en- the surrender of tie certificate
4 No stakeholder shall have authcri
|ty or right to sell or otherwise dis
pose of his stock in whole or part
without first giving the Board o
Dill ectors ten (1O) days Writscl
notice Of his intention or desire T.
dispose of any of his stock or par
thereof, end allowing The Boa .
Dir Ct srs or irf its default. any stock
holder, the first opportunity OF pur
chasing the stock.
| This corporation shall CONF. ene'
idoing business as soon as Three Hun
dred Thousand aEi No-One Hun
dredths $500 ,OO0.OO) Dollars of 1T
capital stock shall have been sub
scribed fer, as above provided.
ARTICLE w.
The corporate powers of this cor
poration shall be vested in and ex
ercised by Board Of Directors
which shall consist of three ~
stockholders; majority Ut whom
shall constitute quorum for tae
transaction of business. Said Direct
tors shall be elected annually from
among the stockholders on the Is:
day OF January of each year, COM
mencing on the LIST day of January
1913.
Notice of such election shall be
given by two (2) publications In a
newspaper published in st. Tam
many parish, La, within fifteen (15)
days Immediately preceding said
election.
At said election, and at all other
meetings of the stockholders the
voting shall be by ballot, and each
share of stock shall be entitled to
one vote by the owner in person, Or
by written proxy.
Within ten days of their election
as above provided for the Board of
Directors shall elect from among
their number a President, a Vice
President, and Secretary and
Treasurer, provided one person may
hold the office of both Secretary and
Treasurer, and all of said officers
and directors shall hold their re-
spectiye offices for a period of one
az year from the date of their cleo
ton, or until their successors are
elected. But the failure to hold ar
annual election, or to elect the OF,
ficers as provided for, shall not re
suit in a dissolution of this corpora
ton but the then Board of Direct
ors and officers shall hold their offices
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 las:
known residence
The said Board of Directors shall
have the power to make all bylaws
rules and regulations for the pro?e,
management and conduct of the at
fairs of this corporation, and tc
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 CT 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
l.
Lewis and Richard G. Latta, with
William L. Houlton as president
Richard G. Latta as vice president.
and Fred A. Lewis as secretary-treas-
urer, who shall hold their respective
offices until the first day of January
1913, or until successo.'5 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 a gen
eral meeting tonveI5: for that rur-
pose after forty days advertisement
in newspaper published in 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
600 days Immediately prior to said
meeting, at his last known place Of
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 at a general meet
ing, and in case of death or disabili
ty of any of said commissioners, thu
surviving commissioner shall appoin
a 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 capita,
stock increased or decreased, by
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 stockholder
at his last known residence, Stains
the object of said meeting, ami forty
(4O) days advertisement in a news
paper published in ST. Tammany
parish, Louisiana, in which the OBJ.
ject Of the meeting is also stated.
ARTICLE VII.
No stakeholder shall be held Liable
or responsible for the contracts o
faults of this corporation in any fur
4 H.