St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-05-16

|ence of said corporation may require;
to make and establish bylaws, rules
and regulations for the proper man
Iagement and regulation of its affairs,
as may be deemed necessary and
Iproper, and the same to change and
latter at pleasure; and to do all other
lbcts and things permitted by law, or
lehall or may be necessary and prop
lfr, to carry out the objects and pur-
lposes OF said corporation.
n Said corporation, unless sooner dis
Solved in accordance with its char
FER, 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
Ter person upon whom citation or 9th
Ter legal process shall be served.
/ ARTICLE II.
The objects and purposes for which
this corporation is organized anu the
nature of the business to be carried
on by it, are declared to be the fol-
lowing, to-wit: The purchase anu
sale OF lands, and the operation OF
|stores, and generally to engage III
any hid all business permitted under
Act IS OF 1904, which may promote
the successful operation Of this cor
poration subject to the prohibition
contained in said act against cor
operations organized hereunder from
conducting insurance or bank ng
business, or any business which shat,
entitle the corporation to exercise the
power of en- inent domain; and gen
orally to do all things necessary for
the successful operation OF the busl-
ness undertaken by this corporation.
ARTICLE Ill.
| The capital stock of the said cor
poration shall be twenty-five thous-
and ($25,OO0) dollars, divided into
and represented by two hundred and
fifty (25O) shares of the sum of one
hundred ($1OO) dollars each, which
said stock may be issued, at not less
than par, in payment br exchange for
property or rights actually received
or purchased by said corporation, OF
the same may be issued, full paid for
money advanced, or for such other
valuable considerations or services,
or upon such terms as the board OF
directors OF said corporation may de-
termine; provided that no stock shall
be- issued until the consideration
therefor has been received by the said
G corporation.
Any stakeholder l1ay sell, assign
or transfer his stock IN this corpora
ton. provided thirty 600 days prior
notice of such intention to sell as
sign or transfer the same be given
the company, and the OF her stock
holders thereof shall have the first
privilege of purchasing salue, after
which thirty days notice the said
stock may be sold in open market.
The stock of said corporation may
be transferred under the above con-
ditlons, provided such transfer there
OF be m ade on the books OF said COM
pany, t it's Office, and on surrender
OF the certificate therefor. No trans
fer of any fractional part of share
shall b made.
This corporation shall commence
doing business as soon as seven
thousa, Id (s7,000) dollars of the cap
ltal ste ,ck shall have been subscribed
for.
ARTICLE Nv.
The corporate powers of this COM
r,any shall be vested in and exercised
by a board Of seven directors, which
shall consist Of the president, vice
presj dent, secretary and treasurer
and three stockholders. Five of said
boar shall constitute a quorum for
the transaction of business, and their
decis lions shall be valid corporate
acts.
Tile following named persons shall
cons titute the first board of direct
ors: George Koepp Jr., president,
A. L. Stanga, vice president: Andrew
Peter, treasurer; Paul Policar, Eu-
gene Mugnier, George Peter, ST., Mi
chael Peter. ST..
No person shall be eligible as di-
rector or an officer who is not a
stakeholder of this company.
During the absence of the presi-
dent the vice president shall act and
preside.
Said board shall continue in Of
fee until the second Monday CT April,
1915, ON which date and thereafter
annually, a board of directors shall
he elected on the second Monday of
April each year.
Notice Of election and OF stock
holders meeting shall be given by at
least ten (10)d notice immediate
preceding election or meeting. adj
dressed by nail to each stakeholder
at his last known address. Any fall
lre from ny couse whatever to elect
directors tile day named for that par-
pose shall not dissolve the corpora.
ticn, but the directors then in Office.
as we'll as the officers of said COM
p;Any, shall hold over until their sue
oessors are chosen.
In usch event the president shall
cause another election to be held
within thirty 900 days, and shall
give notice thereof as he-einbefore
provided
At every election and meeting each
shall be entitled to vote
for each share of stock registered in
his name and may vote by proxy.
The election Of directors shall be
by ballot, and the majority in amount
Of votes cast, each share OF stock
voted upon to be counted for one |
vote shall elect the person or persons |
or whom they have been cast.
After each election the board OF |
directors shall elect from their own |
l'umber the officers of said company. |
Aprpv~r'r