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

january, 1915, or until their sue
cessors shall have been duly elected.
Any IA lure to hold an ennual meet
ing sAali not cauee q forfeiture Ut
l..-4; aci Of corporation, and any va;
caucy occurring N the board OF d.
rectOrS from any causes, or to In
crease the members thereof to the
maximum number, shall be filed by
the remaining or present directors.
After the expiration OF the tenure
Of office Of the here nabove named di-
rectors the board Of directors shall
elect from their number president
and q wee president, and from their
number or otherwise q secretary
treasurer. and all boards of directors
shall appoint such agents and manag-
ers as may be necessary, and shall
fix Their compensation, and shall
have the right to dismiss them at
pleasure. All acts of sale. purchase.
lease or others shall be signed by the
president, or case of his absence
or inability to act, by the vice presi-
dent. On the second Wednesday In
January, 1915, and annually there
after there shall be held q meeting
of stockholders to elect directors for
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 q 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 stock shall be transferred ex-
cept upon the books Of the corpora
ton. on surrender of the original
certificate. No stakeholder shall
ever be held liable for any contracts
or faults of this corporation in any
further sum than the unpaid balance
due on his respective shares.
ARTICLE VII.
Any stakeholder may sell, assign,
or transfer his stock provided thirty
500 days prior notice Of such IN
tention to sell, assign or dispose, or
transfer the same be given this assc
citation and the other stockholders
thereof shall have the first privilege
Of purchasing same, after which th.r-
ty 500 days notice the said stock
may be sold IN open market.
ARTICLE VIII.
This act Of Incorporation may be
changed, modified or amended, or
this corporation may be dissolved by
= vote Of three-fourths Of the stock
represented at general meeting held
for that purpose, after due notice
shall have been given in the manner
provided for in Article v; and in case
Of dissolution or termination Of this
act Of Incorporation, two commission
ers shall wind up and settle the af-
fairs Of this corporation, who may
be stockholders or otherwise, and
elected at said general meeting by q
majority vote, and in the event Of q
disagreement between them, they
shall select an umpire whose de-
cision shall be final.
Thus done and passed in my ONCE
in the town Of Abita Springs. on the
day, month and year hereinabove
first written, in the presence Of Rich
ard Fruthaler and John ]. Finn, COM
petent witnesses, who hereunto sign
their names, together with the said
appearers and me, Notary. and the
said appearers In addition have set
opposite their names the number of
shares subscribed by them so that
this act shall also serve as the origi-
nal subscription list, al after due
reading Of the whole.
Steve vaccaro. 1900 shares, $500.
Chas. Biggio, 1890 shares, $3.50.
Felix viccaro. per s. viccsro, 10
shares. $40.
Witnesses:
Richard Fruthaler.
John J. Finn.
A. O. PONs.
l58 Notary Public.
certify that this instrument wa
filed for record February Is, 1914.
at II q. m. Recorded February Is.
1914, in Mortgage Book ''U", page
166 Of the ohicial records.
w. E. BLOSSMAN,
by. Clerk & Ex-Omcio Recorder.