St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-04-24

many, or elsewhere in this State: Ia
construct and erect buildings and
other improvements on the property.
it may acquire; to operate, lease.
mortgage or sell the same; to deal
in mortgage notes, bonds and other
securities; and generally to do ali
things incident to the purposes afore-
said
ARTICLE Nv.
The capital stock of this corpora.
ton is hereby declared to be the snm
OF Fifteen Thousand Dollars, diyided
into fifteen thousand shares Of the,
par value of one dollar each: and
this corporation shall be operative
and go into business and become !
going concern when fourteen thous-
and shares Of its capital stock SHAH
have been subscribed and paid for
to-wit, at the execution of these pres.
ents. No transfer of stock shall be
binding upon this corporation un-
less same appears ON tie books there
of.
No stakeholder shall have the right
to assign or transfer any share 81
shares held by him unless he shall
have first offered same in writing n
the Board of Directors, which win
have the right to purchase same
within ten days thereafter, at the
valuation determined by the Board:
and in case of dissatisfaction as Ia
the price, the matter shall be ar
bitrated, one arbitrator with the now
ers OF amicable compounders to be
appointed by each side, and an am
pire to be selected by those two, who
shall take oath, and whose decision
shall be final, and NO recourse to tia
courts to be hereafter allowed. And
all the shares of stock when SO pur-
chased may be reissued at not less
than par value.
ARTICLE v.
l. The corporate powers of thia
corporation shall be vested in
Board of Directors to be composed
OF seven directors to be elected by
the stockholders at a general meet /
ing to be held on the first Saturday
of September in each year. No
stockholder Of this corporation shall
have the power to vote except in
person or by proxy.
2. The Board of Directors shall
have the power to make all bylaws,
rules and regulations for the con-
duct of the affairs of the corpora
ton; shall elect from their number a
vice president and secre-
tary-treasurer.
3. Until the election to be held
as hereinabove provided, the follow
ing shall constitute the first Board
OF Directors, viz: Edward p. Cou-
sin, 1923 Iberville street, New Or
leans, La; George ]. Cousin, New
iberia, La; Raoul j. Cousin, 4723
[berville street, New Orleans, La;
Marie Cousin, Slidell, La; Marcel ].
Cousin, Slidell, La; Mrs. Laure Tab
ary, Slidell, La; David Pichon, Sill
aell, La, with Edward P. Cousin as
president, George J. Cousin as vice
president and Marcel ]. Cousin as
ecretary-treasurer.
Thus done and passed at my Office.
n the city of New Orleans, on the
lay and date first above written, in I
he presence OF Messrs. Horaca y. I
Knapp and Gerald G. Wyness, COM
)etent witnesses, who have llereunto
their names with the said
lppearers and me. Notary. after
'eading of the whole.
Signed:
E. p. Cousin, $4,000. 1share.
and others.
Witnesses:
H. D. KNAPP.
G.. G. Wyness.
PERCY S. BENEDICT,
s m2O-6t Notary Public.
certify that this instrument was
He'd for record March 16, 1915. At 4
a. M, recorded March 16, 1915,
n Charter Book 1, page AZ, Of the
'f1cial records. gzs
w. E. BLOsSMAN,
Dy. Clerk Of Court.