St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-04-11

lSlSu Ut 1I6USI0I LIE same Do &lv6A
the company, and the other stock
holders thereof shall have the frs,
lp1ls iege OF purchasing same. aftel
winch III rty days notice the SAID
lslock may be sold in open market.
/ The stock Of said corporation may
be transferred under the above con.
|ditlons. provided such transfer there
OF be made on the books of said COM
pauy, at its office, and on surrender
or the cert neate therefor. No trans
fer of any fractional part of share
shall be made.
This corporation shall commence
doing business as soon as seven
thousand ($7,000) dollars of the cap
lital stock shall have been subscribed
for.
ARTICLE w.
! The corporate powers of this CON-
pany shall be vested in and exercis ed
by board Of seven directors. which
shall consist of the president. vice
president, secretary and treasurer
and three stockholders. Five of said
board shall constitute a quorum for
the transaction of business, and their
decisions shall be valid corporate
acts.
The follow ng named persons shall
constitute the first board of direct
ors: George Koepp Jr.. president,
A. l.. Stanga. vice president; Andrew
Peter, treasurer; Paul Policar. Eu-
gene Mugnier, George Peter, ST., Mi
chael Peter. Sr.
No person shall be eligible as di-
rector or an officer who is not d
stakeholder of this company.
During the absence of the presi-
dent the vice president shall act and
preside.
Said board shall continue in Of
flee until the second Monday Ct April.
annually, board of directors shall
he elected on the second Monday Of
April each year.
Notice of elect on and of stock
holders meeting shall be gwen by at
least ten (10) days notice Immediate
y proceeding election or meeting, adj
dressed by Ma!l to each stakeholder
at his last known address. Any fail
Ire from any couse whatever to cleo;
directors the day named for that pH-
rose shall rot dissolve the corpora
ton, but the directors then in Office.
as we'll as the officers of said COM
pany. shall hold over until their sue
ceesors are chosen.
In usch event the president shall
cause another election to be held
within thirty 900 days, and shall
give notice thereof as hereinbefore
provided.
At every election and meeting each
shall be entitled to vote
for each share of stock registered IN
his name and may vote by proxy.
The elect ON of directors shall be
by ballot, and the majority in amount
of votes cast, each share of stock
voted upon to be counted for one
vote shall elect the person or persons
for whom they have been cast.
After each election the board of
directors shall elect from their own
the officers of said company.
ARTICLE v.
The board of directors shall have
full power to fill vacancies in their
caused by death, resignation
or otherwise, from among the stock
holders of the corporation.
The said board shall have full con-
troll of the property Of tbs company,
and shall so conduct, manage and use
the same as in Their discretion they
deem fit, and consistent with the OBJ
jects of this company, or the welfare
Of the same.
The said board is further authoriz-
ed to frame and adopt such bylaws
rules and regulations as the affairs
and business of the corporation may
require. and as it may deem neces-
sary for the conduct and management
thereof; provided the same shall not
conflict with this charter or with the
laws of the State, or of the United
States.
The said board shall elect or ap-
point q manager and such other Of
ficers, agents, employees. servants
and clerks as it may deem neces-
sary for the conducting of the bust
ness, of the corporations; fix their
term of service, with
the right to dismiss them at said
boards pleasure, and said board shall
have the right to fix and determine
the salaries of the several officers
herein provided for.
ARTICLE vi.
This charter uay be changed, mod
flied, or amended, the capital stock
increased or decreased. or this cor
poration may be dissolved, at gen
eral meet 'ng of the stockholders con-
vened for the purpose. with the as
sent of tbree-fourths of the entire
capital stock present or actually rep
resented at such meeting.
In case of dissolution or termina-
ton of this corporation, either by
limitation of it's charter, or from any
other cause, the liquidation of It's at
fairs shall be conducted by two (2)
.iquidators. selected from the stock
holders, with like assent, and at a
meeting called for that purpose, as
above set forth in this article.
Said liquidators shall remain N of
ice until the affairs of a'd corpora
ton shall have been fully liquidated.
In case of the death of any of said
the survivor she'll con-
tinue to act.
ARTICLE VII.
No stakeholder of tn corporation
shall ever be held liable or respon-
sible for the contracts or faults there
Of, in any further sum than the un-
pad balance due the company on
the shares of stock subscribed for
or owned by him, nor shall any in