St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-04-20

C0A6 xAOM TIC A6tC nC1 Gull 4uO Ny
that name sue and be sued, and con-
tract, and enjoy any and all rights,
privileges and powers conferred by
The laws Of the State of Louisiana.
ARTICLE II.
The objects and purposes for
which this corporation is established.
and the nature Of the business to be
carried on by it, are. to buy. sell.
lease and deal in real estate and
timber, and turpentine leases and oil
leases and other leases of land, to
operate saw mills, to engage in mer-
business, to operate railroads,
tram roads. barges and other vessels
in connection with the carrying on
Of its business, and generally to en-
gage in any operations incident or
necessary to or connect
ed with the operation Of the business
above mentioned.
ARTICLE III.
The president, or in his absence or
inability to act, the secretary and
shall be the proper per-
son upon whom all citations or legal
process shall be served.
ARTICLE ".
The capital stock of this corpora
ton is hereby fixed at the sum Of
FIFTY THOUSAND ($50,OOO.OO)
divided into five hundred
shares of the par value of one hun
dred dollars each Said shares of
stock shall be paid for by the sub
thereto as shall be required
by the board of directors, and the
stock may be issued in payment of
acquired by the corpora
ton or in compensation of services
rendered, but in no case shall any
Of the stock be issued for less than
par value. This corporation shall
be authorized to begin its business
rs soon as fifteen thousand dollars
Of the capital stock shall have been
! ARTICLE. v.
All the powers of this corporation
shall be vested in a board of direct
ors composed of not less than three
They shall be elected
On the first Monday of March in each
year commencing with the year 1913
1t q general meeting convened for
that purpose, after ten days previous
notice in writing to each stakeholder
owning stock standing in his name
on the books of the corporation, and
until such time the following stock
holders are hereby named as the
first board of directors, and who shall
hold their Office and exercise their
functions until their successors are
elected, viz: C. r. Ketcham, J.
A. Brinker and C. w. Goodyear, Jr.,
Of whom C. r. Ketcham shall be
and ]. A. Brinker secre-
tary and treasurer.
One director may fill any two of
such Offices.
The election of the board of di-
rectors shall be by ballot, and each
shall be entitled to one
vote, either in person or by proxy,
for each share of stock owned by
him, and q majority Of the votes cast
shall elect. The board of directors
shall Immediately after their cleo
ton elect from their number a presi-
dent and q secretary-treasurer. In
case of the death or inability of the
president to act, the secretary-treas-
urer shall perform the duties Of
president until president shall be
elected by the board of directors.
The said board of directors shall
elect and employ any and all en-
ployees, managers and clerks of the
they may deem neces-
sary for the proper conduct of its
business and may fix their compensa-
ton and remove or dismiss them at
pleasure.
ARTICLE vi.
This charter may be amended or
altered by the stockholders at gen
eral meeting convened for that pur-
pose, after ten days writtel notice
to each stakeholder; or this corpora
ton may be dissolved with the assent
of two-thirds of the capital stock
at such meeting. The
capital stock of this corporation may
be in creased or diminished in accord
ance with the laws of the State OF
on the subject OF altering
the capital stock of corporations.
In case of dissolution, the affairs OF
the corporation shall be closed and
as rapidly as possible, by
two or three 1iQuidators, appointed
or elected by the stockholders.
ARTICLE VII.
The subscribers hereto have re
spectively stated, opposite their sig
natures, the number of the shares
of the capital stock subscribed by
them respectively, constituting these
presents the subscription list made
by the incorporators, for the pur-
pose of organizing this corporation.
ARTICLE VIII.
No stakeholder shall be liable OF
responsible for the contracts or faults
of this corporation in any furthe.
sum than the unpaid balance due tc
this corporation on the shares own
ed by him, nor shall any mere infor.
mality in organization have the eff
feet of rendering this charter null
or of exposing a stakeholder to liza
bility beyond the amount unpaid by
him on his stock, If any.
Thus done and passed in my office
at Covington, st. Tammany parish
louisiana, on the day and year first
above written, in the presence of A
s. Burns and Ed. Burns, competent
witnesses, residing in said parish
who have signed their names, to
gether with appearers and me. not
airy, after due reading of tie whole
James A. Brinker subscribes fo1
fifty 600 shares.
Charles r. Ketcham subscribes fol
fifty (5O) shares.
Benz. NJ Miller subscribes for fit,
(5O) shares.
FRED. J. HEINTZ,
Notary Public.
Witnesses:
A. s. BURNS.
ED. BURNS.
7 certifv the above and fOrerOin g