St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1912-11-02

business, anc their acts shall bind
this corporation: said Board OF Dt-
rectors shall expressly have power
to sell the entire holdings of the cor
lporation or any part thereof, to liz
the price and terms Of sale, and to
determine whether same shall be 'lc
for cash or on terms Of credit.
ARTICLE vi.
| The first election of the Board of
Directors under This charter shall be
at q meeting of the stockholders to
be held on the first Monday of Janu-
| airy, 1913, at the Office of the cor
poration at CovingtCn, St. Tammary
parish. Louisiana, and thereafte' ths
stockholders shall hLld meeting an
nually OH the first Monday of jam
airy Ut earh ysar at the Office of said
corporation, and elect q Board uf
Directors. Said Board Of Directors
elected at any of sIcl: meetings shall
serve aatil their successors have
been elected and qualified. All III
ficers shall be e'tcred from auons
the Board Of .lectors, and no per-
son shall I've eligible as a Director
who is not stakeholder OF this c:l-
soration. During the absence o. the
President the Vice President shall
act and preside in his stead. Notice
of stockholders meetings shall be
given In writing by mail addressed
to each stockholder ut his usual plac /.
of business, ten 600 days prior -
date OF such meeting, and the Board
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
q stakeholder to fill the vacancy.
All elections shall be by ballot.
Each stakeholder shall be entitled
Ito 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
sons for whom they are cast.
The Board Of Directors shall at
Its first meeting after its election out
of its own number elect President,
4 Vice President, q Secretary, and a
Treasurer. The Secretary may be
ex-ofiicio Treasurer upon determina-
ton of the Board of Directors.
These officers shall hold until their
successors are duly elected and quail
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.
M. Hull, ]. S. Jones, c. G. Hull and
IL. H. Cassidy, T. NJ. Burns, p. H.
Saunders and M. M. Hull, Jr., OF
whom NJ. M. Hull shall be President,
II. s. Jones Vice President, c. G. Hull
Secretary, and J. 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 and regulations as may be ex-
pedie mt for the conduct Of the 'usi-
ness of this corporation or necessary
for its management, provided same
shall 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
+, 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. (%) of the stock
present or represented at such meet
ing, thirty 600 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 500 days prior to such
meeting. In case of the dissolution
Of this corporation either by ltmita-
ton or otherwise, its affairs shall
ae l'quidated by 'wo (2) commits
Ieicners elected from among thu stock
holders at meeting called for that
purpose.
| ARTICLE TX.
no stockholder of this corp ,ratiol
shall ever be liable or responsible.
for the contracts or failure thereof
in any further sum than the unpaid
b. f,lce due said corporation or
shares OF stock subscribed for and
owned by the stockholder; nor shall
any informally in the organization
LOT this corporation have the effect
of rendering the charter null or ex.
posing q stakeholder 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:
Thus done and passed at my of.
fee in the town of CovingtoH, 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 Of
who signed these presents, together
with said appearers and me, Notary
after due reading.
M. M. Hull. ....... 200 shares
~. S. Jones. .... 100 shares
Jno. H. Cassidy. $50. 200 shares
per Delos r. johnson, by power
of attorney.
&c. G. Hull. ....... 100 shares
IT. M. Burns. 10 shares
M. NJ. Hull, Jr., by M.
Hull, ST., ...... 100 shares
lP. H. Saunders, by NJ.
NJ. Hull ....... so shares