St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-08-22

may deSi gnate, or shall be issued fol
labor performed. services rendered
or for the purchase of property. al
stock shall be full paid and nOn-as.
sessable, which capital stock may be
increased to sum not to exceed
One Hundred and Fifty Thousand
II ($15O,00O) Dollars, in which event
during the period between the cal
for the meeting and such increase
and the meeting, the persons holding
stock at the time shall have the right
to take shares of the additional OF
increased stock proportionate to the
number of shares owned by them, and
any shares not taken at the expira-
ton of said period may be disposed
of by the Board of Directors, for the
benefit of the corporation at not less
than their par value. No transfer
OF stock shall be binding upon the
corporation, unless recorded upon its
books.
ARTICLE v.
All the corporate powers of this
corporation and the management and
control of its affairs shall be vested
in and exercised by Board of Di-
rectors composed of three CD stock
holders, majority of whom shall
constitute quorum for the transac-
ton of all Of the business. The Dr.
rectors shall be elected annually by
ballot by the stockholders, on the
second Tuesday N January of each
year. Each person shall be entitled
In person or by proxy to vote for
every share owned by him, and all
elections shall be held under SUCH
rules and regulations as may be de-
termined by the Board of Directors.
,Ihe 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 a forte tture of
this charter. Any vacancy occurring
ON said Board shall be filled by the
remaining Directors for the unex-
pired term.
The Board of Directors shall, at
its first meeting after its election,
nominate out of its number a pres.-
dent, a vice president and 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-
stute 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
porat;on, nor shall any mere infor-,
mality in its organization have the
effect of rendering this charter null
nor of exposing a 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
q majority of the stock of the corpor-
alton at a 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-
spiratson of this charter or other
wise, the stockholders shall elect
two CD l.quidators from among their |
number to iquidate 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 lquidators 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 I
Philip Beaudean and G. Boudousqu.e,
witnesses, who have sign
ed with the said appearers, and me
the Notary, after reading of the
whole.
Original signed:
John II. Davis, 200 shares.
William H. Davis, 100 shares.
Robert NJ Wood per w lillian H.
Davis. 100 shares.
WITNESSES:
Philip Beaudean.
G. Boudousquie.
THOMAS M. BURNS,
Notary Public.
A true copy.
THOMAS M. BURNS, /
Notary Public.
'TATE OF LOUISIANA,
Parish of st, Tammany.
certify that this instrument was
He'd for record July IA, 1914, at
-1:45 a. m. Recorded July IA, 1914,
n Charter Book l, page 80. etc, Of
he official records.
w. E. BLOSSMAN.
by. Clerk Of Court and Ex-Officio
Recorder.
jul1s-6t
HEALTH ORDINANCE NO. 8.
n1s dot ~ - i