St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-08-22
person or by proxy, and majority OF
the votes cast shall elect.

Any vacancy occurring among the
directors by death, resignation or
otherwise shall be filled by election
for the remainder of the term of the
Board by the remaining directors;
but the affirmative vote of at least
four "a directors shall be necessary
to I'LL any such vacancy. A failure
to elect directors on the date above
specified shall not dissolve the COR
poration, but the directors then in
Office shall remain in office until their
successors are elected and qualified.
and shall cause another election to
Oe held as soon as possible there
after. after notice thereof shall have
been given in the manner as above
provided. Four directors shall con-
stltute quorum for the transaction
Of any business.
The Board Of Directors hereafter
shall elect from their own number
president. q vice president, Z sec
rotary and a treasurer, and the said
board shall have the power to COM
pine or separate the Offices of secre-
tary and treasurer. 1t may appoint
from time to time such other officers
clerks, agents, or ether employees as
it may deem necessary for the pur-
poses and business of the said cor
poration, who shall hold office at the
pleasure of the Board. No one shall
be employed for longer period than
one month. except the Board of d.
rectors authorize the same by reso-
luton.
The said Board of Directors may
make and establish as well as alter
and amend, any and all bylaws,
rules and regulations necessary and
proper for the support and manage
ment of the business affairs of the
corporation. Said board shall have
full power and authority to borrow
money, issue notes, or other obli-
cations, In the ordinary course OF
business, and secure the same by
mortgage Of it's real estate, or pledge
and pawn of its movable property.
and generally to do all things reason
able or necessary for the proper
carrying on of the business of the
corporation; and also to issue and
deliver full paid shares of stock for
cash; or In payment Of labor done,
or property actually received or pur-
chased by the said corporation, but
said board shall have no authority to
execute any mortgages upon the
property of the company without the
consent of majority of the stock
holders Of said company, given at a
expressly called and held for
that purpose. Each director shall
have authority to appoint in writing
3 proxy to represent him at all meet
lngs Of the Board.
ARTICLE vi.
Whenever this corporation may be
dissolved either by limitation or from
any other cause, its affairs shall be
iQuidated by three comm issioners to
% appointed from amongst the
stockholders at general meeting of
he stockholders convened for such
purpose. of which meeting notice
hall be given in the manner and
line provided for stool holders
meetings by Article VII OF this chart
r. and majority in amount OF the
'ap.tal stock Of said company repre-
'ented at such meeting shall be
equisite to elect. Said commission
rs shall remain in office until the
lfairs Of said corporation shall have
,een fully liquidated. In case of
leath or resignation of one or more
i said commissioners, the vacancy
hall be filed by election by the
urviving commissioners.
ARTICLE VII.
This act OF Incorporation may be
modified. changed or altered or said
corporation may be dissolved, with
he assent OF three-fourths Of the
apital stock represented at q gener-
] meeting of the stockholders con-
ened Tor such purpose, and after
0tice shall have been gwen in a
ewspaper published in the parish
+ st. Tammany. La, once week 4
Or four weeks preceding the meet
ng, and by a written notice to eacn
tockholder. mailed to him thirty
avs prior to the date 81 meeting,
t the postofice address designated
y him in writing.
Any change proposed or made in
eference to the capital stock shall
e made in accordance with the laws
the State of Louisiana on the sub
act of altering the capital stock Of :
ARTICLE VIII.
No stakeholder shall ever be held
able for the contracts or faults OF
Aid corporation In any further sum
ian the unpaid balance due the cor
grafton on the shares of stock own
by him, nor shall any mere in
in organization have the
feet Of rendering this charter null
/ of exposing stakeholder to any
ability beyond the UNPAID amount