St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-11-23

{T0CSOI8 walk EXPRESSLY uSvo VOWC'
Ito sell :he entire holdings Of the cor.
lporalion or any part thereof, to Is
the price and terms Of sale, and t
determine whether same shall be S IL.
for cash or ON terms of credit.
ARTICLE vi.
The first election Of the Board OF
Directors under hts charter shall DO
at q meeting Of the stockholders to
be held on the first Monday of Janu-
| airy, 1913. at the Office of the cor
roration at Covingten, st. Tammany
parish. Louisiana. and thereafte' t.1e
stockholders shall kLld q meeting an
Inually on tho first Monday of Jaru-
AIRY Of each .uar at the office OF sa'd
|eorporasicn, and elect q Board Vi
Directors. Said x:oerd Of Directors
elected at any Of suck meetings shall
serve aatil their successors hav.
been elected and qualified. All 81
fcers shall be e'.cted from au;ons
the Board of .lcctors, and no per-
son shall he eligible as a Director
who Is not q stakeholder of this c1l-
! :oratlon. During the absence o. the
President the Vice President shall
act aud preside in bis stead. Notice
of stockholders meetings shall be
given in writing by mail addressed
o each stocknolder al his usual plac
Of business. ten COZ days prio: -
date of such meeting, and the BoaiJ
of Directors shall appoint one OF
their number to preside over such
stockholders meetings whenever a
Board of Directors is to be elected,
and on failure of such Director to
attend, the President shall appoint
stockholder to fill the vacancy.
All elections shall be by ballot.
Each stakeholder shall be entitled
to one vote for each share OF stock
registered in his name, which may
be voted in person or by written
proxy, and q majority OF the votes
cast shall elect such person or per-
sons for whom they are cast.
The Board of Directors shall at
its first meeting after its election out
of It's own number elect q President.
Vice President, Secretary, and q
Treasurer. The Secretary may be
! x-officio Treasurer upon determine
ton of the Board of Directors.
These officers shall hold until their
successors are duly elected and quali-
fed. Any vacancy on the Board OF
Directors shall be filled by the re-
naming Directors for the unexpired
term.
| The first Board of Directors OF this
corporation shall be composed OF M.
IN. Hull, ]. s. Jones, C. G. Hull and
]. H. Cassidy, T. NJ. Burns, P. h.
Saunders and M. NJ Hull, Jr., of
whom M. NJ. Hull shall be President,
]. S. Jones Vice President. c. G. Hull
Secretary, and ]. H. Cassidy Treas
urer all of whom shall serve until
their successors shall have been elect
ed and qualified.
! ARTICLE VII.
The said Board of Directors is
authorized to adopt such bylaws,
rules aud regulations as may be ex-
,edie mt for the conduct OF the :usi-
ness of this corporation or necessary
or its management, provided same
hall not conflict with this charter.
nor with the laws of the State OF
Louisiana, nor with the laws OF the
United States.
ARTICLE VIII.
This charter may be amended or
the capital stock of this corporation
81, increased or decreased or the corpor-
alton may be dissolved at a general
meeting Of the stockholders conven-
ed for that purpose. with the assent
of three-fourths (A) OF the stock
present or represented at such meet
ing, thirty 900 days prior notice OF
such meeting having been given by
publication in a weekly newspaper
published at Covington, St. Tammany
Parish, Louisiana, and a written
notice thereof mailed to each stock
holder at his usual place of bust
ness thirty (30) days prior to such
meeting. In case of the dissolution
of this corporation either by !smita-
ton or otherwise, its affairs shall
ne isquidated by 7wo (2) commits
eicners elected from among tn stock
holders at a meeting called for that
pLrpose.
| ARTICLE TX.
30 stakeholder of this corp 'ratfoll
SHALL. ever be liable or responsible.
FIR the contracts or failure thereof
in any further sum- than the unpaid
ba s.ce due said corporation on
shares of stock subscribed for and
owned by the stakeholder; nor shall
any informally in the organization
of this corporation have the effect
of rendering the charter null or ex.
posing a stockholder to any further
liability than the unpaid balance due
on his stock. Each stakeholder des
ignates opposite his name the stock
subscribed for by him and this char
ter shall serve as the original sub.
scription list.
1 Thus done and passed at my Of
fee 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 D
E. Sheridan and L. Levy, competent
witnesses, residing in the parish o.
St Tammany, State of Louisiana
who signed these presents, together
with said appearers and me, Notary
after due reading.
M. M. Hull. ........ 200 shares
~. 8. Jones. .... 100 shares
Jno. H. Cassidy 49,. 200 shares