St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-06-14

, Iavn suqli Oe rIty Thousand DOlls
t5O.OOO). divided into and repl
scented by Two Thousand GOO
snares of stock, at par value
Twenty-Five Dollars ($25.OO)s eac
The said stock shall be paid for
cash at the time of subscription
, - the same is issued, for not lie
than par. Or in payment of exchan,
In property actually received or pu
chased by this corporation, or L
services rendered.
This corporation may common,
doing business and shall become q e
Ing concern as soon as three thousan
dollars $4,000 of its capital stoe
snail have been subscribed for, I
above provided.
Shares of stock can only be tran
ferred by having the transfer r,
corded on the boks of the corpor.
ton, and no transfer can be mad
until any unpaid balaee theree
shall have first been paid and unit
1t shall have flrst been offered fo
sale ut Its market value to tn
Board of Directors of this corpora
ton. and they shall have refused
within ten (10) days from said offe
to purchase said stock.
ARTICLE v.
The corporate powers of this cor
poration shall be vested in and ex
erc1sed by Board Of Directors com
posed of five t5) or more stockhold
srs. majority of whom shall con
stftute quorum for the transactio,
OF oil business and their acts shall
bind this corporation. The Board O
Directors shall have the power ant
authority to make such bylaws ant
regulations as may be necessary fol
the proper management of the at
fairs of this corporal ON and to amen6
and change the same as they deem
proper, provided same shall not con.
aiet with this charter, nor with the
laws ct the state of Louisiana, MOI
with the laws Of the United States
and shall have power and authority
to provide for and contract debt.
borrow money, issue monds. drafts
notes, acceptances execute mort,
cages and do all other things Incl
dent to the objects and purposes OF
this corporation. and shall have pew
er and autharitt ~ vest the presiden.
or other officers and managers VIII
such Of these powers as they see fit.
ARTICLE VI.
The first election of the Board of
Directors under this charter shall be
at a meeting of the stockholders tc
be held on the first Monday of May
1915, at the Office of the corperAtien
at Covington, St. Tsmmany parish
and thsrsafter the stock
holders shall hold q meeting annual
~ on the first Monday of May each
year at the Office of said corporation
transact any business coming before
them, and elect a Board of Directors
Notice of stockholders meeting shall
be given in writing. by n all address
ed to each stakeholder at his usual
place of business ten (1O) days prior
10 the date of such meeting. The
election of the Board of Bireoto-.
,hall be by ballot and each stockhold-,
sr shall be entitled to one vote,
either In person Or by proxy. for
Zach share of stock owned by him
md majority of the votes cast shal
elect such person or persons for
Ehom they are cast. Said Board o.
ngs shall serve until their success,
ors heve been elected and qualified
The Board of Directors shall IT.
he first meeting after its election.
ut of its own number, elect presf-
ent, vice president and Secret arv-
reasurer. These officers shall hold
ntil their successors are duly elect
4 and qualified.
ANY vacancy on the Board of Di- |
ectors shall be filled by the remain
lg directors for the unexpi-ed term 1
The first Beard Of Dire ators OF |
his corporation shall be composed T
w l.. Stevenson. e. j. Frederick.
). F. Elmer. Il. J. Domergue and
J. C. Mccormack. Of whom w. LII
teyenson shall be president; +. j.
frederick. vice president, and A. C.
[cCormack secretary-treasurer. all
whom shall serve until their sue
sssors shall have been elected and
aalified.
ARTICLE VII.
This charter. may be amended or
le capital stock of this corporation
creased or decreased Or the cor
,ration may be dissolved at q gem
al meeting O fthe stockholders con-
med for that purpose, with the as
mt of three-fourths (3-4) Of the
ock present Or represented at such
Getting; thirty 900 days prior
'tice of such meeting having been
ven by publication in weekly
.wspaper published at Covington,
Tammany parish, Louisiana, and
~~~<@nc <hnwnNf flAl %n +
oh stakeholder at his usual place
business thirty (30J days prior tc r
CHI meeting. In case of the disso-
ion of this corporation, either by t
litaton or otherwise, its affairs
all be liquidated by two (2) COM t
ssioners elected from among the Fl
at q meeting called fol \
1T purpose. It
ARTICLE VIII. c
No stakeholder of this corporation p
all ever be liable or responsible
. the contracts, faults or failure OF o
Is corporation in any further sum
In the unpaid balance due said
-poration on shares of stock sub =
ibed for and owned by the stock
Ider; nor shall any informality in
, organization ct this corporation
We the effect of rendering this
after null or of exposing stock
der to any further liability thar s
unpaid balance due on his stock. t.
Thus done and passed at my ofi1ce r.
the town of Covington, parish OF G
Tammany, State Of Louisiana, on h
day, month and year first above tt
ltten. in tho presence of Me-srs Il
uis A. Perreand and Paul F. Perk- J.
competent witnesses, residing in q
parish of st. Tammany. State Of p
lisiana, who signed these pres q,
s. together with said appearers Il
me, Notary, after due reading. s,
(Original signed) q
ne Shares ii
T. Stevenson 8 Il
J. Frederick ............ pl
I