St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-08-01


ARTICLE Nv.
The corporate powers, of this cor
poratfOn shall be vested in and ex-
rcfsed by Board of Directors, which
shall consist Of three 90 stockhold-
ers; majority of two ca of whom
shall constitute a quorum for the
transaction of business. Said Di-
rectors shall be elected annually
from among the stockholders on the
first Tuesday after the first Monday
in July of each year, commencing on
the first Tuesday otter the first Mon
day of July, 1915.
Notice of such election shall be
given by two (2) publications in
Newspaper published in St. Tammany
parish, La, within fifteen l5) days
immediately preceding sad election.
At said election, and at all other
meetings of the stool o!ders, the vot-
ing shall be by ballot, and each share
of stock shall be entitled to one vote
by the owner in person, or by writ
| ten proxy.
Within one week of their election,
as above provided for, the Board of
Directors shall elect from among
Their number, president, vice
president and secretary-treasurer,
| provided one person may hold the
Office of both secretary and treasurer
and all of said officers and Directors
shall hold their respective Offices for
period of one year from the date
of their election, or until their sue
cessOrs are elected. But the failure
to hold an annual election, or to elect
the officers as above provided for,
shall not result in a dissolution of
this corporation, but the then Board
of Directors and officers shall hold
their Offices until their successors are
duly elected.
Any vacancies occurring in said
Board of Directors shall be filled by
the remaining members of the Board,
for the unexp:red term, at a meeting
called for that purpose, after five 60
days notice in writing, sent by mail
to said Directors at their last known
residence.
The said Board Board of Directors
shall have the power to make all
bylaws, rules and regulations for
the proper management and conduct
of the affairs of this corporation, and
to change, alter, abol sh and amend
same at pleasure. and shall have and
exercise all the powers conferred
by law on this corporation, and as
set forth generally above.
The above Board of Directors may
also delegate any of said powers in
! the transaction of the business Of
this corporation. to committee Of
their own body, or to the officers and
agent of this corporation.
The first Board of Directors OF
this corporation are hereby declared
to be: Jos. Rauch, Emile ALBERT
and Alphonse E. Nichols, with Jos.
Rauch, as president, Alphonse E.
Nichols as vice president, and Emile
ALBERT as OBSERVATION-DISCLOSURES, who
shall hold their respective Offices un-
til the first Tuesday after the first
Monday of July, 1915, or until their
successors are elected.
ARTICLE v.
This corporation may be ssolved
by a vote of three-fourths of the cap
ital stock present, at general meet
ing convened for that purpose, after
forty days advertisement in news
paper published In st. Tammany par
ish, Louisiana, Immediately preced-
ing said meeting and written notice
Of the objects of said meeting sent to
each stakeholder thirty days prior to
said meeting, at his last known place
of residence.
4 Whenever this corporation is dis
solved, whether by limitation or
otherwise, its affairs shall be liqui-
dated by two liquidating commission
ers to be elected at a general meet
ing of the stockholders, and in the
case of death or inability of any of
said commissioner, the surviving
commissioners shall appoint sue
cessor from among the stockholders
and together they shall continue said
liquidation to its termination.
ARTICLE w.
This charter may be changed, al
tered or amended, and the capital
stock increased or decreased, by a
vote of two-thirds of the capital stock
issued at a general meeting called
for that purpose, after thirty days
prior notice in writing, having been
sent to each stakeholder at his last
known residence. stating the object
of said meeting, and forty days ad-
vertisement in newspaper publish
ed in st. Tammany par sh, La, in
which the object Of the meeting is
also stated.
ARTlCE VII.
/ No stakeholder shall be held liable
4 or responsible for the contract OF
faults of this corporation In any fur
lther sum than the unpaid balance
due the company on shares of stock
owned by him, nor shall any infor-
mal:ty in the organization here n
have the effect of rendering this
charter null, or of exposing any stock.
holder to any liability beyond the
unpaid balance due on his stock.
Thus done and passed at Abits
Springs, Louis ana, On the day, month
and year hereinabove mentioned, ant
in the presence of Messrs. J. L. Reec
and Karl j. Kohnke, competent W.T.
nesses, who have hereunto signet
their names with the said appearers
and me, Notary, after reading of thu
whole.
Jos. Rauch ID shares
4 Emile ALBERT ...... IA shares
Alphonse E. Nichols -. share
Witnesses:
]. L. REED.
KARL j. KOHNKE.
HARVEY E. ELLIS,
Notary Public.
State of Lou ssiana,
Parish of St Tammany