St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-07-25

every share owned by him, and al
elections shall be held under sucn
rules and regulations as may be de-
termined by the Board of Directors.
| The Directors thus elected shall con-
tinue in Office for one year. or until
their successors have been duly elect
ed and qualified. No failure to elect
shall be regarded as forfeiture Of
this charter. Any vacancy occurring
on said Board shall be filled by the
remaining Directors for the unex-
PRED term.
The Board Of Directors shall, at
its first meeting after its. election,
nominate out of its number pres :
dent, vice president and a secretary
and treasurer, and may elect sec
rotary who need not be a stakeholder,
but whose tenure of office shall be
during the pleasure of the Board.
And said Board shall have the right
to appoint and dismiss the clerks,
managers, secretary and other en-
ployees of the corporation, as the
interests and business of the same
may require. Any of the Directors
shall have the right to appoint by
written instrument another Director
as his proxy, to act in his stead at
any and all meetings of the Board of
Directors.
ARTICLE VI.
Until the election to be held on the
second Tuesday in January. 1915, the
following named perons shall cOnsti-
tute the first Board of Directors, viz:
John H. Davis, William Davis and
Robert Wood, with said John H.
Davis as president, William Davis as
vice president, and said Robert Wood
as secretary-treasurer.
ARTICLE VII.
No stakeholder shall ever be held
liable or responsible for the con-
tracts, faults and debts of said cor
poration, nor shall any mere mfOr-
mality in it's organization have the
effect of rendering this charter null
nor of exposing stakeholder to any
liability beyond the unpaid balance
due on the shares owned by him.
ARTICLE VIII.
This act of incorporation may be
changed, modified or altered, or this
corporation may be dissolved with
the assent of the stockholders owning
a majority of the stock of the corpor-
alton at general meeting convened
for that purpose and after at least
ten days written notice of this meet
ing having been given through mail,
addressed to each share holder at his
last known place of residence.
In case of dissolution by the ex-
spiration of this charter or other
wise. the stockholders shall elect
two (2) liquidators from among their
number to liquidate and settle the
business and affairs of the company.
In case of death or disability of
any of said commissioners or liqui-
dators, the survivors or the remain
ing liquidators shall appoint sue
cessor to him.
Thus done and passed in my Office
on the day, month and year first
above written, in the presence of
Philip Beaudean and G. Boudousquie,
competent witnesses, who have sign
ed with the said appearers, and me
the Notary, after reading of the
whole.
Original signed:
John HI. Davis, 200 shares.
William II. Davis, 100 shares.
Robert NJ. Wood per William H.
Davis. 100 shares.
WITNESSES:
Philip Beaudean.
G. Boudousquie.
THOMAS M. BURNS,
Notary Public.
A true copy.
THOMAS NJ. BURNS,
Notary Public.
STATE OF LOUISIANA,
Parish of st. Tammany.
certify that this instrument was
filed for record July IA, 1914, at
11:45 a. m. Recorded July IA, 1914,
in Charter Book 1, page 80, etc, of
the official records.
W. E. BLOSSMAN,
Dy. Clerk of Court and Ex-Officio
Recorder.
jul1S-6t
Is :