St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-05-30

BUY, sell, lease, receive donations, ant
lay out grounds. erect buildings, plat
forms and grandstands; to make en-
closures and to charge admission t.
such games or exhibitions, or rent
privileges for same; to provide fol
the comfort or pleasure of it's patrons
and generally to do all things nee
essary, requisite or convenient to car.
~ out the response above set forth.
ARTICLE Nv.
The capital stock of this corpora.
thousand ($25,O0O) dollars, divided
into twenty-five thousand shares OF
the par value of one SD dollar each
payable either in cash or for proper
ty, leases, rights, franchises or labor
or services rendered to aid corpora
ton, and on such terms and cOndi-
tions as the board of directors may
deem proper. This corporation shall
become going concern when three
thousand ($3,000) dollars are sub
scribed to its capital stock.
ARTICLE v.
All the powers of this corporation
shall be vested in a board of direct
ors composed of not more than five
80 directors, a majority of whom
shall constitute quorum for the
transaction of all business. The
first board Of directors shall be COM
posed Of Steve Vaccaro, Chas Biggio
and F. p. Vaccaro, Jr., with Steve
Vaccaro, president; F. P. Viccaro,
vice president. and Chas. Biggio, Sec
retary-treasurer. They shall hold Of
fee until the second Wednesday in
january, 1915, or until their sue
cessors shall have been duly elected.
Any failure to hold an annual meet
ing shall not cause forfeiture of
this act of corporation, and any va
cancy occurring in the board of d.
rectors from any causes, or to in
crease the members thereof to the
maximum number, shall be filled by
the remaining, or present directors.
After the expiration OF the tenure
of office of the hereinabove named di-
rectorxs the board of directors shall
elect from their number president
and a vice president, and from their
mum Der or otherwise secretary
and all boards Of directors
shall appoint such agents and manag-
ers as may be necessary, and shall
fix their compensation, and shall
haze the right to dismiss them at
pie assure. All acts of sale, purchase,
81 Use or others shall be signed by the
~ esident, or in case Of his absence
~ inability to act, by the vice presi-
.ent On the second Wednesday in
January, 1915, and annually there
after there shall be held a meeting
CT h 81 tn f0r
the ensuing year, which said meeting
shall be called after ten days notice;
said notice shall be deposited in the
mail postage prepaid and directed to
each stakeholder at his or her own
address. At said meeting directors
shall be- elected by ballot. and a ma
jority of votes cast shall be necessary
to elect. Each share of stock shall
be entitled to one vote. The share
holders shall vote in person or by
written proxy. Only shareholders
shall be eligible as directors.
ARTICLE vi.
No stOcix shall be transferred ex-
'ept upon the books of the corpora
ion, on surrender of the original
ertificate. No stakeholder shall
yer be held liable for any contracts
# faults Of this corporation in any
urther sum han the unpaid balance
ue on his res pective shares.
AR. CICLE VII.
Any stockIlol der may sell, assign,
r transfer his stock provided thirty !
BOD days prior notice Of such in
ention to sell, a ssign or dispose, or |
'ansfer the same be given this asso-
ation and the Their stockholders |
hereof shall have the first privilege |
purchas ng same, after which th;r-
600 days notfc< the said stock
ay be sold in open market.
ARTICLE VIII.
This act of incorpo. -ation may be
Hanged, modified or amended. or
is corporation may be dissolved by
vote Of three-fourthx Of the stock
at general a leeting held
r that purpose, after due notice
all have been given In a re manner
divided for in Article, v; a I'd in case
dissolution or Termination l of this
t of Incorporation. two onra, Mission
shall wind up and settle the at
rs of this corporation. wh, may
stockholders or otherwise. and