St. Tammany farmer., 1913-06-28

4 Issued and payment n.ade thereto
: keubJect to the action and call OF til
5 BOARD o. Directors: said stock sha
De fully paid at the time of its /,
suance and thereafter non-assessabl,
{ ana the capital stock may be increes
I ed or decreased in the manner pre
vided by the laws of this State.
The parties to this act declare
! that they hereby subscribe for til
: number of shares Of said capital stoc]
iset opposite their respective sigma
: tures hereto, SO that this act of in
corporation shall serve as an origina
subscription.
ARTICLE w.
All the powers OF this corporation
shall be vested In and exercised by
Board of three Directors, to be elected
! each year by the stockholders at thu
annual meeting; the said director,
shall be bona fide stockholders anG
the first board shall consist of James
s. Jones. who shall be president. J
RAuach, who 4hall he vice-presi.
dent and secretary, and T. G.. Adams
who shall be treasurer.
/ On the Saturday next preceding
the second Monday of December
1873, and annually thereafter, except
when such day shall fall on legal
holiday. then upon the next fellow.
Ing day. the stockholders shall elect
ia Board of Directors for the ensuing
year. the board already installed to
Icontinue to hold over until their sue
!cessors are elected and qualified
The Board of Directors so elected
shall select from their own number
the ohicers OF the corporation, which
shall be q president, vice president
secretary and treasurer. The cleo
iittCn OF directors shall be by ballot
and the persons receiving the largest
number Of votes cast shall be elected
For electing directors or for any
l.etheF purpose. each share Of stock
Whether present or by proxy, shall
be entitled to one vote. and the ma
jOrity OF the votes cast shall be re-
quired to pass any desalutien Or de
|clds any question submitted to the
stockholders. except for the altera-
ti0n or amendment of this charter
or the dissolution of the corporation
as hereinafter provided.
The said Board of Director. snail
have power. and autnerfty to make
gil necessary rules and regulations
for the management, operation anu
control of the business of the cor.
poration. as we'll as to make all nee
essary rules and hyslaws, with powe.
to fill any vacancy occurring in theil
number. A mejority of the director.
voting at any one time, In person o.
by proxy, shall be required to pass
any resolutions or adopt any bylaws
and which. when so adopted, shall.
become valid corporate acts
ARTICLE VI,
Notice of all meetings Of stock
holders for eiectins directors, or for
Any other purpose. shall be given in
writing by the secretary, to be de.
posted in the mail at least ten days
before such meeting. directed to each
stOckhOlder. at his last known ad-
dress, appearing upon the books OF
the corporation, unless said notice is
waived In writing by all the stock.
holders. appearing as such upon the
books.
ARTICLE VII.
Whenever this corporation is dis
solved, either by limitation OF its
charter or from any other cause. Its
affairs and business shall be liquidat-
ed by three missioners. to be an
pointed from among the stockholders
at general meeting thereof. to be
to be given in cne OF the news
papers published in Covington, Id ad
dition to the notice of each stock
h - a &1.S t. a ~. II