St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-01-06

stock of this corporation shall ever
De transferred, or sold, or disposed
| OF, unless the stakeholder desiring
TO make such transfer shall first Of
Ter said stock to said corporation
through it's Board of Directors, and
the Board shall have one week with
IN which to accept or decline the
oner to sell. No sale or transfer Of
stock shall be valid or binding until
the transfer of said stock is made
on the books of the corporation. and
no transfer shall be made on the
books of the corporation until eyf-
dence is exhibited to the secretary
that the offer of. sale Of said stock
mas been made to the Board of Dr.
rectors. and one week has elapsed
since the offer was made.
ARTICLE v.
The affairs of this corporation
snail be managed and controlled by
9 Board of Directors composed of
three stockholders, which number
may be increased to five at the OPP
ton of the Board of Directors, who
snail be elected annually on the
third Monday in November Of each
year. beginning with the year 1912,
and all elections shall be by ballot
and held at the Office of the cor
poration and each share of stock
present or represented by proxy
snail be entitled to one vote. Ten
days prior notice shall be CIV
en- OF each election by publ
cation in some newspaper published
In the town of Covington, and by
written notice signed by the secre-
tary, to each stakeholder mailed at
his last known address ten days
prior to each election. Failure to
elect directors on the date above
specified shall not dissolve this cor
poration, but the then incumbent
Board of Directors shall continue in
Office and cause another election to
be held, within thirty days there
after, OF which ten days notice shall
De given as hereinabove provided
The said Board of Directors as soon
as elected shall Immediately proceed
to elect from their own number, q
president, vice-president and a sec
rotary, who shall also be the treas
urer of said corporation.
All the corporate powers of this
said corporation shall be vested in
and exercised by the Board of Dr.
rectors, with the right to fill vacan-
cles in their own number, and to
make such bylaws for the manage
ment and regulation of the affairs
OF the said corporation as may be
necessary and proper, and to change
and amend the same at pleasure.
To appoint such officers, clerks.
managers, ETC., as said board may
deem necessary. and to discharge
the same at pleasure.
Said Board OF Directors shall have
full power to contract debts, borrow
money, issue notes, bills of exchange,
bonds and other obligations, execute
and grant mortgages and generally
do all things necessary to carry on
and for the conduct of the business
Of said corporation, and to have full
power to and authority to issue and
deliver full paid shares of stock, or
bends or obligations of said corpora
ton in payment of labor done, or
money borrowed, or property or
rights actually received or purchased
by said corporation.
ARTICLE vi.
This act of incorporation may be
nodded, changed ar altered s,a7d pr SID Il
9seft 81 ee alssotvea I, with .s
capital stock represented al = con
erai meeting OF the stockholder.
i; convened for that purpose. and after
notice shall have been given IN one
or more newspapers published -
the town of Covington. once I veaE
Tor four weeks successfully nraced'
Ing the date of the meeting and -
| written notice signed by tho eecr..
tary to each stockholder mai,ad :.
him at least thirty DAYS nrinr - the
date of meeting. at hin last rror,s ~
}Address. .>s. Az" =
ashe termination Of the ch.rt.r
solut'G. seion. or 1t the dis
l hers s of the &c f. 2Eporation, its af-
lliquidating commissids Sne mem-
which shall be made on IT, -
Of said Board Of Directors,
same meeting it is decided to az
solve this corporation. Said Board
as liQuidating commissioners, in case
of any vacancy in their numbers,
the remaining members shall NIL the
said vacancy.
ARTICLE VII.
No stakeholder shall ever be held
liable for the contracts or faults of
said corporation in any further sum
than the unpaid balance due the
corporation on the shares OF stock
owned by him, nor s,all any mere
fnformality in organization have the
effect of rendering this charter null,
or exposing any stakeholder to any
liability beyond the unpaid amount
remaining due on his stock.
The above named appearers have
respectively written opposite their
names the amount of stock of this
corporation subscribed for by each
of them, and which amount of stock
each acknowledges to have subscrib-
ed for, in order that this act Of in
corporation, or charter, may serve
as the original subscription list Of
this said corporation, and as soon a.
Three Thousand Dollars of the cap
ital stock Of this corporation shall
be subscribed for, this corporation
to be going concern.
The first Board of Directors Of
this corporation shall be composed
OF DR.. F. G. Maarrero, Claude G.
Champagne and Victor H. Frederick,
of whom the said DR.. r. G. Marrero
shall be president, the said Victor
H. Frederick shall be vice president,
and Claude c. Champagne shall be
secretary-treasurer. and they shall
hold office until the third Monday Of
November, 1912, or until their sue
cessors have been duly elected.
Thus done and passed at my office
in the town of Covington, in the par