St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-06-26

WIG 40 AOiCUy cSldDllSu0Q at COVl0g-
ton, st. Tammany parish, Louisiana,
and under its corporate name said
corporation shall have power and au-
thority to contract, sue and be sued !:
to make and use a corporate seal, and
the same to break and alter at pleas
ure; to hold, receive, have, purchase,
improve, ALLEVIATE, convey, sell, bor-
row, pledge, mortgage and hypothe-
cate, under its said corporate name,
property real, personal and mixed.
Said corporation unless sooner
dissolved, in accordance with law,
shall exist and continue for a period
OF ninety-nine years from and after
the date hereof.
The president, or in his absence,
the vice president, or in the absence
OF both, the secretary shall be the
proper person upon whom citation
and other legal process shall be
served. And the president, or in his
absence, the vice president, shall be
authorized to bring all suits and le-
gal proceedings on behalf of this cor,
poration.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and
the nature Of the business to be car
rled on by it, are hereby declared to
be: The conducting Of a Parish
Fair. and to do all things that are
incidental to or connected Herewith.
and generally to develop and exploit
the resources of st. Tammany parish
and the State Of Louisiana.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Five Thousand $4,000 Dollars, di.
vided into and represented by five
thousand $4,000 shares of the par |
value of one ($1.OO) dollar each. or |
IN payment or exchange for property. |
rights or credits actually purchased,
Or services actually received by said
corporation, provided that all stock
shall be paid for in full within twelve
months after same shall have been
subscribed for, and NJ stock shall be
ssued unless the consideration there I
or mas been received by said corpora
ion.
All stock certificates shall be sign /
ID by the president and secretary of
aid corporation, and all transfers of
took shall be made on the books of
aid company, at its office, on the Il
surrender of the certificates there
or.
The capital stock of this corpora +
ion may be increased to the sum of Ii
Twenty-Five Thousand ($25,OOO.OO) II
Dollars.
This corporation shall commenced
oing business as soon as Twenty ii
i've Hundred ($2500) Dollars of its 3
apital stock shall have been sub {
cribed for, and Twelve Hundred and !
'lfty ($125O) Dollars actually paid ID
4 to the treasury. 2
ARTICLE w. :
The corporate powers of this cor II
Grafton shall be vested in and ex- II
rc1sed by Board of Directors which
aall consist Of twenty-five stock Is
olders, five of whom shall constitute It
quorum for the transaction of BUSH lc
ess. Said directors shall be elected 10
anually from among the stockhold- "a
IS on the fourth Thursday in May of
ach year, commencing on the fourth lc
thursday in May, 1916. ID
Notice of such election shall be
ven by written notice properly adj IL
-essed to each stakeholder at least 1t,
[teen (15) days before such meet Ii,
G. C
At said election. and at all other c
ceilings of the stockholders. the tC
ting shall be by ballot, and each Isl
are of stock shall be entitled to Nv
le vote by the owner in person or Id,
written proxy. IN
Within one week of their election. In
above provided for, the Board Of Isl
rectors shall elect from among N
cir number, a president, a vice Ia
secretary, a treasurer lie,
d general manager, provided that lin
e person may hold the Offices Of lto
tn secretary and general manager. u
d all Of said officers and directors L,
all hold their respective offices for L,
period of one year from the date Of | in
BIT election, or until their success In
$ are elected. But the failure oiL.
Id an annual election, or to elect 81
} officers az ahnva nrnvidoa. -. =.