St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-10-03

pleasure: to hold, receive, purchase,
convey. mortgage, hypothecate OF
pledge. property, both real ana per
sonal: to issue bonds, notes and otner
obligations; to have and employ sucn
manapers. directors, officers, agents
and other employees as the interests
and convenience of said corporation
NAV require; and to make ana es-
tablish such bylaws, rules and regu-
lations for the proper MANAGEMENT
and conrol of the affairs Of the cor
poration as may be reasonapfe anu
ARTICLE II.
The domicile of said corporation
shall be in the town OF Covlngton'
parish of st. Tatnmany, State OF Lou;
fsiana: all citations and other iegai
process shall be served on the presl-
dent and in his absence on the secre-
- ARTICLE Ill.
The objects and purposes for Whicn
this corporation is established ana .ne
nature of the business to be carried
on by It are declared to be: TO con
struct. operate and maintain saw
mills. single mills, wood mills, plan
ing mills, logging railroads, roaos
and bridges: to purchase, mortgage,
lease and sell lands ana tlmueI, ~
make, buy and sell piling, poles, Cross
ties and sother kinds OF timber 10
construct and operate turpentlne
stills and retort plants; to manuIac-
tnre brick, tiles, etc; to operate
stores and commissaries, and gener-
ally to do and perform any and an
acts and things pertaining to the
business above enumerated, connect
ed Herewith or arising therefrom, IN
this State. and elsewhere.
ARTICLE w..
The capital stock of this corpora
ton is hereby fixed at the sum OF
ten thousand ($1O,000 dollars, d.
vided into and represented by one
hundred (1OO) shares OF stock OF the
mar value Of one hundred $4,000 dol
lars each, which shall be paid TOT IN
property; all Of said stock snaiI De
common stock.
That this corporation shall be a
going concern when ten thousand
7s10.00O) dollars of its capital stock
il actually paid for. All shares OF
stock shall be full paid and non-as-
gessable, which capital stock may De
increased to a sum not to exceed fif-
taen Thousand (S15,OOO) dollars, In
which event the person holding stock
a. tha time shall have the right to
tata- shares Of the additional or in
c-asead stock. proportionate to the
nnr,her ~ shares owned by him, and
anv shares not taken at the expira-
+icn ~ said period may be disposed
~ hv aaid board of Directors, for the
harof,+ If the corporation at not less
than their par value. No transfer OF
stock shall be binding upon the cor
poration unless recorded upon tue
h hor
ARTICLE v.
AZ ~. .o-,oro+o nowers of this
Al .ue onf tho management and
colpol@ s.v :. ~ t awairs ehaII no vested
contIol u ..s Nv Hoard Of Di-
~ anu ennnnsad ~ three (3) stock
,n So.1p e,eainr;tv ~ whom shall.
nolueo, o,'nr"m for the trans
co ..S. al ~ the business. The
es.lon - .ha,, he elected annually.
~ 1890. 1913 hr the stockholders. on the
ny usiiur $3.50, ~ - Tanmarv Of each
s sssv Tech neraon shall he entitled
= se n.,.on ~ Nv nrnxv to n vote for
- - s .h.re nwred Nv him. and all
eseay .haII he held under such
o se7ss ia r.c,,1. tiona M NAV be de-
.s a nv tha Rnard Of Directors,
~. -. a'1 ni~ectors time cheated shall con-
..n,,a a. off,ce for one year. or until
. .,uue . - have heen duly elect
~ IA 'nua1ifiad No failure to elect
~ - -.oordod M a forfeiture of
s e ohortar Anv vacancy occurring
sn'o .s.s naard ehar no filled by the
oa,, s a;r;ng d;rectors for the unexpsr-
al term
eu rha Hoard NJ Directors, shall, at
!. est meating after its election,
- nes o,,+ of ita number a presi-
a aou. v;ca nrasident and a secre-
-. $3.50 surer: said Board shall have
49, ,srht - divide the Office Of secre-
TUG ile trs.surer and NAV elect
$500 sa.s who need not be a stock
s,sS. M whosa tenure of office
n :. Sur,no the Measure of the
nn.ns xra se,d BOARD shall have
- r..h4 - .rnoint and dismiss the
e enu rs.nacare- secretary and other
. s-n nlovaos of the corporation, as the
sn.erests and business of the same
. me~ ~an,,ire Any Of the Directors
aha,, hsva the right to appoint by
s sn.;ttan ira+rument another Director
=. h;s rrnvv "a act in his place at
a. % arf oil ~ the meetings of the
No. s ~ ~ directors.
A' ApTTCT.E VT