St. Tammany farmer., 1914-07-25
E. J. DOMERGUE, JR.,
Secretary.

Any vacancy occurring among the
directors by death, resignation or
otherwise shall be filled by election
for the remainder of the term of the
Board by the remaining directors;
but the Affirmative vote of at least
four "a directors shall be necessary
to fill any such vacancy. A failure
to elect directors on the date above
specified shall not dissolve the cor
poration, but the directors then in
Office shall remain in Office until their
successors are elected and qualified,
and shall cause another election to
be held as soon as possible there
after. after notice thereof shall have
been given in the manner as above
provided. Four directors shall con-
stitute quorum for the transaction
of any business.
The Board of Directors hereafter
shall elect from their own number
president, vice president, sec
retary and treasurer, and the said
Board shall have the power to COM
bine or separate the Offices of secre-
tary and treasurer. 1t may appoint
from time to time such other officers
clerks, agents, or other employees as
it may deem necessary for the pur-
poses and business of the sa d cor
poration, who shall hold Office at the
pleasure of the Board. No one shall
be employed for a longer period than
one month, except the Board of D.
rectors authorize the same by reso-
luton.
The said Board of Directors may
make and establish as well as alter
and amend, any and all bylaws,
rules and regulations necessary and
proper for the support and manage
ment OF the business affairs of the
corporation. Said board shall have
full power and authority to borrow
money, issue notes, or other obl:-
cations, in the ordinary course Of
business. and secure the same by
mortgage of it's real estate, or pledge
and pawn of its movable property,
and generally to do all things reason
able or necessary for the proper
carrying on of the business of the
corporation; and also to issue and
deliver full paid shares of stock for
cash; or in payment of labor done,
or property actually received or pur-
chased by the said corporation. but
said board shall have no authority to
execute any mortgages upon the
property of the company without the
consent of a majority of the stock
holders of said company. given at a
meeting expressly called and held for
that purpose. Each director shall
have authority to appoint in writing
a proxy to represent him at all meet
ings of the Board.
ARTICLE VI.
Whenever this corporation may be
dissolved either by limitation or from
any other cause, its affairs shall be
liuuidated by three comm ssioners to
be appointed from amongst the
stockholders at a general meeting of
the stockholders convened for such
purpose, of which meeting notice
shall be given in the manner and
time provided for stool holders
meetings by Article VII of this chart
er, and majority in amount of the
capital stock of said company repre-
sented at such meeting shall be
requisite to elect. Said commission
ers shall remain in Office until the
affairs of said corporation shall have
been fully Hquidated. In case of
death or resignation of one or more
OF sad commissioners, the vacancy
shall be filled by election by the
surviving commissioners.
ARTICLE VII.
This act OF incorporation may be
modified, changed or altered or said