St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-07-18

ed BY two hundred and nifty (250)
shares Of the par value Of One Hum
ldred ($100.00) Dollars each, which
stock may be issued at not less than
par for cash, at the time It is sub
scribed for, or at such time as may
be deemed proper by the Board Of
Directors, provided that said stock
shall be paid for in full within six
months after same shall have been |
subscribed for, or in payment or ex-
change for property or rights actu-
ally received or purchased by said |
corporation. provided that all stock |
certificates shall be signed by the |
president and secretary Of said cor
poration and no stock shall be issued
unless the consideration therefor has |
been received by said corporation.
All transfers of stock shall be
made on the books of said company
at its Office, ON the surrender Of the
certificate therefor
This corporation shall commence
doing business as soon as Three
Thousand ($3OO0.00) Dollars of its
capital stock shall have been subs
lscribed for.
l An w.
4 The corporate powers of this cor
poration shall be vested in and ex-
ercised by Board of Directors, which
shall consist of three 60 stockhold-
ers; a majority of two (2) of whom
shall constitute 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 ~ publications in
Newspaper published in St. Tammany
parish, La, within fifteen (15) days
Immediately preceding said election.
b At said election, ard at all other
meetings of the stockno Iers, 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, a 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
a 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 dissolut on 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 unexpfred term, at a meeting
called for tnat purpose, after five (5)
days notice in writing, sent by mail
> Ito 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 a.
set forth generally above.
The above Board of Directors MAJ
also delegate any Of said powers II
the transaction Of the business o
this corporation, to committee o
their own body, or to the officers AM
agent of this corporation.
The first Board Of Directors o
~ - Aan1o rA
Ito be: JOS. Rauch, Emile Auber
and Alphonse E. Nichols, with Jos
Rauch, as president, Alphonse
Nichols as vice president, and Emil
~ ALBERT as NEUTRALITY-SUSPICIOUS., VIII
te shall hold their respective offices un
We til the first Tuesday after the firs
"a Monday Of July, 1915, or until thel
successors are elected.
ARTICLE ".
"a This corporation may be ,ssolve
e. by a vote of three-fourths of the cal
n ital stock present, at a general NEE
q. ing convened for that purpose. ate
=. forty days advertisement in a new
10 paper published in st. Tammany pa
d, ish, Louisiana, Immediately precet
i'd ing said meeting and written note
,ts of the objects of said meeting sent
=. each stakeholder thirty days prior
- said meeting, at his last known plat
II Of residence.
ad Whenever this corporation is di
Ia solved, whether by limitation (
no otherwise, its affairs shall be liqu
pc dated by two liQuidating commission
ne ers to be elected at q general NEE
e; ing Of the stockholders, and in II
er- case of death or inability of any