St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-03-15

following, to-wit:
ARTICLE l.
The name and style of this corpor
alton shall be the NAVAL STOREf
WAREHOUSE COMPANY, and BY
said corporate name it shall have
succession and enjoy existence for {
period of ninety-nine years, unless
sooner dissolved In the manner pro
vided by the laws and the article.
of this character, and under said cor
| porate name. it shall have power and
Authority to contract, sue and tt
sued, to make and use corporate
| seal the same to alter or break a
| pleasure; to make all necessary rule.
and regulations for its corporate
management and control, and shall
have and enjoy all the rights and
privileges and immunities which are
now conferred upon or may hereafte,
be granted to corporations ut the
same kind and character.
ARTICLE II.
The domicile of this corporation
shall be in the city of Covington, State
4 Of Louisiana. and all citations and
other legal processes shall be served
upon the President, or, in his alb
sence or inability to act, upon any
other officer of the corporation.
ARTICLE ILL., .-..--
The 1aiaaA6sss-pw3poses Tor Wn1cD
|SniS Corporation Is organized are here
BY declared to be to engage IN and
carry on the business of public ware
housemen In general ond the ware
housing OF naval stores in particular
and for this purpose, to issue ware
house receipts in conformity with tho
laws Of Louisiana, both negotiable
and non-negotiable to persons ware
housing goods, and to make reason.
able charges therefor, and to make
advances or loans upon the security
OF such goods, or otherwise, to &C
quire and own by purchase, lease, pI
otherwise. buildings, yards and ware
houses, tank and tank-cars; and in
aid Of its business, and when neces-
sary Or incidental thereto, may ac-
Quire, own, lease and operate rail
roads, spur tracks, bridges, steam
boats and other water craft.
+: ARTICLE Nv.
The capital stock of the corporation
shall be twenty thousand 10000. OO)
divided into two hunder
(100) shares, of the par value of one
hundred dollars $4,000 each. said
stock shall be issued only for cash.
Or in payment of property or SER
vices, actually received by or render
I'd to said corporation; this corpora
ion shall commence business and be.
come q going concern as soon as five |
thousand ($5,000) dollars Of the cap
tai stock shall have been subscribed |
md paid for, the residue of said
took to be issued and payment there
or subject to the action and call Of
he Board Of Directors, said Stock
hall be fully paid at the time Of Is.
uance, and thereafter non-assessableal
nd the capital stock may be increass
d or decreased In the manner pro-
ided by the laws of this state.
The parties to this act have de-
Jared that they hereby subscribe for
he number OF shares of said capital
took set opposite their respective |,
lgnatures hereto, so that this act
{. Incorporation shall serve al an
riginal subscription.
ARTICLE v.
L
All of the powers OF this corpora
on shall be vested In and be exer- Il
9ed by Board of Directors, to be
ected each year by the stockholders Is
the annual meeting, and the first I
GARD shall consist of John T. Weev-
;; who shall be President; H. Binge, Fl
no shall be Vice President, and E II
. Michelet, who shall be Secretary
reasurer..
On the Saturday next preceding the
cond Monday of December, 1913:
ID annually thereafter. except when
ch day shall fall on q legal holiday, ,
en- upon the next following day, the
ockholders shall elect Board Of
rectors for the ensuing year, the
yArd already installed to continue .
hold over until their SUCCESSORS are 7
ected and qualified. The Board Of
rectors so elected shall select, from
cir own number, the officers of
D corporation.
The election of directors shall be
{ ballot and the persons receiving
) largest number Of votes cast shall
elected. For electing directors
for any other purpose. each share z
stock, whether present or by proxy I
Ill be entitled to one vote, and q
ljority Of the votes cast shall be
1uired 10 pass any resolution or de i
e any question submitted to the
except for the altera- 2
% or amendment of its charter or 81
D dissolution Of the corporation az
reinafter provided.
Said Board Of Directors shall have n
Yer and authority to make all nee.
~ rules ana resulations Tor the T