St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-07-12

, issued and payment made thereto
subject to the action and call Of th
Board of Directors; said stock sha
be fully paid at the time of its i,
suance, and thereafter non-assessabl,
and the capital stock may be increa.
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 tn
number Of shares of said capital stoc
set opposite their respective signs
corporation shall serve as an Origina
subscription.
ARTICLE Nv.
All the powers Of this corporation
shall be vested in and exercised by
Board Of three Directors, to be electe,
each year by the stockholders at tn,
annual meeting; the said director,
shall be bona fide stockholders ant
the first board shall consist of james
8. Jones. who shall be president,
p. Rausch, who shall be vice-presi
dent and secretary. and T. C. Adams
who shall be treasurer.
On the Saturday next preceding
the second Monday of December
1913, and annually thereafter, excep1
when such day shall fall ON Legal
holiday, then upon the next follow.
Ing day, the stockholders shall elect
q Board Of Directors for the ensuing
year. the board already installed tC
continue to hold over until their sue,
cessors are elected and qualified
The Board of Directors SO elected
shall select from their own number
the officers Of the corporation, which
shall be president, vice president
secretary and treasurer. The cleo
ton 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
other 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 DISSOLUTION or de-
eide any question submitted to the
stockholders. except for the altera-
ton or amendment of this charter
or the dissolution Of the corporation
as hereinafter provided.
The said Board Of Directors shall
have power and authority to make
all necessary rules and regulations
for the management, operation ana
control Of the business Of the cor.
poratt0n. as well as to make all nee
essary rules and bylaws, with power
to I'LL any vacancy occurring in their
number. A majority of the directors
voting at any one time. In person or
by proxy shall be required to pass
any resolutions or adopt any bylaws
and which, when SO adopted, shall
valid corporate acts.
ARTICLE vi.
Notice Of all meetings of stock.
holders for electing 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
at his last known ad-
dress. appearing upon the books of
The corporation, unless said notice il
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
or from any other cause, its
lffairs and business shall be hquidat-
I'd by three commissioners, to be ap.
pointed from among the stockholders
It q general meeting thereof. to be |
convened after ten days prior notice
% be given in one of the news
,apers published in Covington, in ad.
lition to the notice Of each stock. |
holder provided In Article vi hereof
Ind, by the affirm alive vote of three
0urths Of the stock of the corpora |
ion, represented ct such meeting. !
3uch commissioners shall remain il |
,hice until the affairs and business
II the corporation shall have been
ally liquidated: and, In case of the
leath Of one Or more of such COM
the survivors or survivor
hall continue act.
ARTICLE VIII.
This. act Of Incorporation may be
modified, added to. changed, amend
ID. or this corporation may be dis
olved by and with the assent of tho
folders OF three-fourths in amount
4 its then outstanding capital stock
fven 1t q general meeting Of the
Of the corporation to be
onvened for such purpose, after ten
lays prior notice to be given in one
4 the newspapers published in Civ
ngton. In addition to the notice te
he stockholders % .prvidcd in Article
II Of this charter.
ARTICLE TX.
No stockholder shall be held liable
y responsible for the contracts OF
aults Of this corporation, in any fur.
her sum than the unpaid balance due
o the corporation on the shares own
d by him, nor shall any mere in
in organization have the eff
ect of rendering this charter nu'
r Of exposing stockholder to la.
ilfty beyond the amount Of his un.
aid stock. II any.
Thus done and passed at my Office
a Covington, on the day, month and
ear first hereinbefore written, In the
Of Messrs. E. ]. Frederick
nd N. ellis, competent witnesses
rho hereunto signed their names, to-
ether with said appearers and the
'otary. after due reading Of the
vhole.
(signed)
Jas. 8. Jones ...... 100 shares.
John p. Rausch 100 shares.
Thos. G. Adams 49,. 100 shares.
Witnesses:
- : 8 Z 4 F.