St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1913-06-07

!. sented by Two Thousand (2OOl
}. Snares OF stock, at par value
e Twenty-Five Dollars ($25.oO) eac
The said stock shall be paid for
: cash at the time of subscription.
as the same is issued, for not le
! than par, Or in payment of exchanl
! In property actually received or pu
chased by this corporation, or Il
services rendered.
This corporation may commend
doing business and shall become a E.
iQ4 concern ~ soon as three thousan
dollars $4,000 of its capital stoc
shall have been subscribed for, Z
above provided.
Shares of stock can only be trans
ferred by having the transfer re
corded on the hoks of the corpora
ton, and no transfer can be mad
until any unpaid balace thereo
shall have first been paid and unit
1t shall have first been offered 70
vale 1t It's market value to tn,
Board of Directors of this corpora
ton. and they shall have refused
within ten (1O) days from said offe
to purchase said stock.
/ ARTICLE v.
The corporate powers of this ear
poratfon shall be vested in and ex
ercised by 2 Beard Of Directors com
| hQ2ed OF I've t5) or more stockhold.
! srs. y majority of whom shall con.
stitute q quorum for the transaction
OF all business and their acts shall
| bind this corporation. The Board o.
Directors shall have the power apd
authority to make such bE-le%y ant;
regulations as may W hpvsss~ry for
the pr3aer mAnA4%Aisht OF the at
fAtrs ct THE corporation and to amend
aAd change the same as they deem
proper, provided same shall not con
f1ict with this charter, nor with the
laws of the State of Louisiana. nor
with the laws of the United MATES
and shall have power 4Ad authority
to pr2Yide fer and contract deb!
hQrrQW MQpsE, issue monds. drafts
notes. vvvvptAnees execute mort
eAses and do all other things incl
dent to the objects and purposes of
this corporation. and shall have pow
or and authority to vest the preside ut
or other officers and mHn@sers with
such of these powers ~ they ree IT..
ARTICLE vi.
The first election Of the Board of
Directors under this charter shall be
1t 4 meeting of the stockholders tc
be held on the first Monday of May
1915, at the Office of the corporation
at Covington, st. Tammany parish
Louisiana, ana thereafter the stock
holders shall hold 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 mail. address
ed to each stakeholder at his wausI
I place sss Of bus business tss .NA as prior ss
elecIiYh 1t the board of Director.
sialt Sc by ballot and each stockAold-
e shall be entitled 10 sAe veto.
either in Rersoh Or by proxy, for
each share Of steek owned by him
and Z majority Of the votes cast shall
elect such person or persons FOR
whom they are cast. Said Board OF
Directors elected at any such meet
ings shall serve until their succes j.
sors heve been elected and qualified
The Board of Directors shall at
the first meeting after its election.
out of its own number, elect a bresi-
dent, vice president and secretary
treasurer. These oAeers shall hold
until their. successors are duly elect
ed AND qualified.
Any vacancy on the Be ard of Dr.
rectors shall be filled by the roman
ing directors for the unexpired term.
The first Board OF directors of
this corporation shall BE- composed
A. = Eimsr. d. !. Domersue and
A. y. Mccormack, OF whom w. L.
Stevenson shah be president; E. J
Frederick. vice president. and A. c.
Mccormack secretary-treasurer. all
OF whom shall serve until their sue
cessors shall have been elected and
qualified.
ARTICLE VII.
This charter may be amended or
the capital stock of this CORPORATION
increased or decreased ~ the corr
poration may b. dissolved ut gem
eral meetiAH . ftAe stockholders con-
veped far that purpose, with the as
sent Of three-fourths (3-4) of the
stock present Or represented at such
meeting; thirty 500 days prior
notice Of such meeting having been
given by publication in q weekly
published at C0vbsyeOn,
st. Tammany parish, heHtsfana. and
a written potiee thereof mailed to
each stoekholder Ut his usual place
cf husiness thirty 500 days prior tc
such meeting. In case Of the disso-
luton Of this corporation. either by
Limitation or otherwise, its AFFAIRS
shall be liquidated by two - COM
elected from among the
stockholders at . meeting called for
that purpose.
ARTICLE VIII.
No stakeholder of this corporation
shall ever be liable or responsible
for the contracts, faults or failure OF
this corporation In any further SUR
than the unpaid balance due sa1d
on shares ~ stock sub
acribed for and owned by the stock
holder; nor ahvll any informally In
the organisation Of this corporation
have tho efeect Of rendering this
charter null or Of exposing . stock
holder TO any further liability than
the unpaid balance due on his stock.
Thus done and passed at my once
in the town of Covington, parish Of
St Tammany, State of Louisiana. On
the day, month and year Hrst above
written. in the provence Of Messrs
Louis A. Psrreand and Paul F. Perk-
ina. competent witnesses, residing In
the parish Of st. Tammany, State OF
Louisiana, who signed these pres
ant. together with said appearerS
and me, Notary, after due reading.
(Original signed)
Name ohaTes