St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-04-25

declare that. availing themselves OF
the provisions of the laws of this
State, relative to corporations, and
particularly Of Act Is Of 1904. they
have covenanted and agreed, and by
these presents covenant and agree
and bind themselves as we'll as such
other persons as may hereafter be-
come associated with them, to form
and constitute a corporation and
body polite in law, for the purpose
ana objects, and under the stipula-
lions. articles and conditions follow
ing. to-wit:
ARTICLE /.
The name and title Of the said cor
poration shall be JACKSONVILLE
DEVELOPMENT COMPANY, and its
domicile is hereby established in
jacksonville, st. Tammany parish,
Z state Of Louisiana, and under its
corporate name, Rld corporation
shall have power and authority to
contract. sue and be sued: to make
and use q corporate seal, and the
same to break and alter at pleasure;
to hold, receive, have, purchase, Inn
prove. ALLEVIATE, convey, sell. borrow,
pledge, mortgage and hypothecate,
under it, said corporate name, prop
eSty, real. personal and mixed; to
name and appoint such officers, d.
roctors, agents and managers, or ens-
ence Of said corporation may require;
TO make and establish bylaws, rules
and regulations for the proper man
segment and regulation Of It's affairs,
o may be deemed necessary and
proper. and the same to change and
alter ct pleasure; and to do all other
acts and things permitted by law. or
shall or may be necessary and prop
or, 70 carry out the objects and pur-
poses Of said corporation.
Said corporation, unless sooner dis
solved In accordance with its char
tor, shall exist and continue for the
period Of ninety-nine (99) years
from and after the date hereof.
The president. or in his absence,
the vice president. shall be the prop
er person upon whom citation or 9TH
or legal process shall be served.
ARTICLE II.
The objects and purposes for which
this corporation II organized and the
nature Of the business to be carried
On by It, are declared to be the fol-
lowing. to-wit: The purchase and
sale Of lands. and the operation Of
saloons and general merch, lndise
stores. and generally to engage in
any &Ad all business permitted under
Act 70 of 1904, which may promote
ne successful operation Of this cor
toration subject to the pr ohibition
Sntained in said act aga inst cor
brations organized thereuu der from
1tnducting insurance or banking
esinsss. or any business v hich shall
{1titls the corporation to e. xereise the
t4wer Of eminent domain and gem
0fauy to do all things No cessary for
he successful operation II the busi-
Aese undertaken by this corporation.
ARTICLE III
The capital stock Of { he said cor
poration shall be twent y-five thous-
md, (125. 000) dollars, divided into
ard represented by two hundred and
MY (25Q) shares Of Il le Gum of one
hundred ($100l dollar 8 each, which
sid stock may be issu ed, at not less
than par. In payment r. exchange for
property On rights &c tually received
or purchased by said corporation, or
the came may be isau ed. full paid for
money advanced. of for such other
valuable considerable ms or services,
Or. upon such forms rs the board of
directors OF aGtf cor ,oration may de-
termine; provided tlat no stock shall
be issued. until the consideration
therefor has been re'ceived by the said
corporation.
ArE etockholder may sell, assign
OF tgAasfer his stock in this corpora
Won, provided thirty (3O) days prior
notice Of such intention to sell. as
aign' or transfer the same be given
the company. TMd the ether stock
holders thereof shall have the first
privilege Of purchasing same, after
which thirty days notice the said
stock may be sold In open market.
The stock 1t said corporation may
- tansferred under the above con-
aations. provided such tranxfer there
OF be made o'A the books Of said CON-
pany. at its ONCE, and on surrender
Of the certificate therefor. No trans
fer OF any fractional part OF a share
shall be made.
This corporation shall commence
doing bu4iness as soon az seven
thousand ($7,0OO) dollars Of t he cap.
ttal stock shall have heen subs ;cribed
for.
ARTICLE ".
The corporate powers OF this com.
pany shall be vested in and exen cised
~ board of seven directors, ". hich
ANAL consist of the president. vice