St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-09-07

president. and ! Secretary and
Treasurer. provided one person ma,
hold the ONCE Of both Secretary and
Treasurer, and al Of said ondceri
and directors shall hold their re.
spective omces for period of one
(1) year from the date of their cleo
ton, or until their successors are
elected. But the failure to hold IN
annual election, or to elect the Of.
fcers as provided for, shall not re-
Isult in dissolution OF this corpora
tion 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 last
known residence.
The said Board of Directors shall
have the power to make all bylaws
rules and regulations for the proper
management and conduct Of the af-
fairs of this corporation. and to
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 of 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
to be William L. Houlton, Fred A.
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.
1918, or until successors are duly
elected snd qualified.
ARTICLE v.
This corporation may be dissolved
by q vote of three-fourths of the cap
ital stock thereof present at gen.
|eral meeting convent: for that rur-
pose afte: 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
(3O) 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 general meet
ing, and in case of death or disabili.
ty of any of said commissioners, the
surviving commissioner shall appoint
q 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 capital
stock increased or decreased, by a
vote of two-thirds of the capital
stock issued, at a general meeting
called for that purpose, after thirty
600 days prior notice in writing
having been sent to each stakeholder
at his last known residence, stating
the object of said meeting, and forty
(4O) days advertisement in q 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
ther sum than the unpaid balance
due the company on shares of stock
owned by him, nor shall any mere
informality in the organization here
in have the effect of rendering this
charter null, or of exposing any
stockholder to any liability beyond
the unpaid balance due on his stock
Thus done and passed In my oflce
in the town Of Covington, Parish OF
st. Tammany, State of Louisiana, on
the day, month and year hereinabove
mentioned. and in the presence of
w. A. White and j. Emmett Wilt
ans. competent witnesses who have
hereunto signed their names with
the said appearers and me, notary.
after reading of the whole.
(Signed)
VIM. L. Houlton 1888 shares
Richard G. Latta ........ Il share.
Fred A. Lewis ........1 share.
Witnesses:
w. A. WHITE,
J. EMMETT WILLIAMS.
HARVEY E. ELLIS,
Notary Public.
A true copy.
HARVEY E. ELLIS,
Notary Public.
I certify that this instrument was
filed for record July II, 1912 at
$3.50 q. m, recorded July II, 1912,
in Mortgage Book So page 338 Of
the official records.
l.. C.. NOISE,
Dy. Clerk and Ex-Ohlcio Recorder.
A. Duniser VS.. Succession of E. ].
Perilloux.