St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-05-02

ARIlCAE IL.
The objects and purposes for "hlch
this corporation is organized anu the
mature of the business to be carried
on by it, are declared to be the fol-
lowing, to-wit: The purchase anu
sale of lands, and the operation OF
saloons and general merchandise
stores, and generally to engage In
any ..ad all business permitted under
Act IS of 1904, which may promote
the successful operation of this cor
poration subject to the prohibition
contained in said act against cor
porations organized Hereunder from
conducting insurance or banking
business, or any business which shall
entitle the corporation to exercise the
power Of eminent domain; and gen
orally to do all things necessary for
the successful operation of the busl-
ness undertaken by this corporation.
ARTICLE III.
The capital stock of the said cor
poration shall be twenty-five thous-
aud ($25,OOO) dollars. divided into
and represented by two hundred and
fifty (25O) shares of the sum of one
hundred ($lOO) dollars each, which
said stock may be issued, at not less
than par, in payment or exchange for
property or rights actually received
or purchased by said corporation, or
the same may be issued, full paid for
money advanced, or for such other
valuable considerations or services,
or upon such terms as the board OF
directors of said corporation may ae-
termine; provided that no stock SHAH
be issued until the consideration
therefor has been received by the SAID
corporation.
Any stakeholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty 500 days prior
notice of such intention to sell, as
sign or transfer the same be gwen
the company, and the other stock
holders thereof shall have the first
privilege of purchasing same, after
which thirty days notice the said
stock may be sold in open market.
The stock of said corporation may
be transferred under the above con-
ditjons, provided such transfer there
of he made on the books of said COM
paJly, at its Office, and on surrender
of the certificate therefor. No trans
fel. of any fractional part of q share
sh all be made.
This corporation shall commence
doing business as soon as seven
Thousand ($7,OO0) dollars of the cap
ttal stock shall have been subscribed
for.
ARTICLE Nv.
The corporate powers of this COM
|pany shall be vested in and exercised
by q 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
facts.
The following 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
Istockholder of this company.
During the absence of the pres.
dent the vice president shall act and
preside.
Said board shall continue in Of
fee until the second Monday Ct april
Il915. on which date and thereafter
ANNUALLY, q board of directors shall
be elected on the second Monday o.
April each year.
Notice of election and of stock
holders meeting shall be g:ven by a
least ten (lO)d days notice immediate
preceding election or meeting, ad
dressed by natl to each stOckholdel
at his last known address. Any fail
lure from any couse whatever to cleo
directors the day named for that pur
pose shall not dissolve the corpora
ton, but the directors then in office
as well as the officers of said com
pany. shall hold over until their sue
cessor& are chosen.
In usch event the president shall
cause another election to be hel,
within thirty 600 days, and shal
give notice thereof as hereinbefor
provided.
At every election and meeting eacl
Istockholder shall be entitled to vo.
for each share of stock registered i
Ibis name and may vote by proxy.
The election of directors shall b
by ballot, and the majority in amour
of votes cast, each share of stoc
voted upon to be counted for on
lvote shall elect the person or person
for whom they have been cast.
" After each election the board
directors shall elect from their ow
number the officers Of said compan.
| ARTICLE v.
The board Of directors shall hav
full power to fill vacancies in the
number caused by death, reslgnatlo
or otherwise, from among the stoci
holders of the corporation.
I The said board shall have full col
ktrol of the property Of this compan
land shall SO conduct, manage and u
the same as in Their discretion the
deem fit, and consistent with the o.
Rjects of this company, or the welfal
of the same.
The said board Is further author
led to frame and adopt such by-lav
rules and regulations as the af1ai
land business of the corporation M
require. and as ii may deem nece
|ssary for the conduct and manageme1
thereof; provided the same shall n
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