St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-06-19

I
corporation shall have power and au.
thority to contract, sue and be sued
to make and use 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
ried on by 1t. are hereby declared to
be: The conducting Of 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 (s5,000) Dollars, di-=
fvided into and represented by five
thousand (5OO0) shares Of the par
value OF one ($1.O0) 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
issued unless the consideration there
for has been received by said corpora
ton.
All stock certificates shall be sign
ed by the president and secretary of
said corporation, and all transfers of
stock shall be made on the books of
said company. at its Office. on the
surrender Of pe certificates there
The capital stock Of this corpora
ton may be increased to the sum OF
Twenty-Five Thousand ($25, 900. OO)
Dollars.
This corporation shall commence
doing business as soon as twenty
Five Hundred. ($2500) Dollars of its
capital stock shall have been sub
scribed for, and Twelve Hundred and
Fifty ($1250) Dollars actually. paid
in to the treasury.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and ex-
ercised by Board of Directors which
shall consist OF twenty-five stock
holders, i've of whom shall constitute |
! quorum for the transaction of busi- |
ness. Said directors4shall be elected I
annually from among the stockhold-
srs on the fourth Thursday in May of |
Zach year. commencing on the fourth I
Thursday in May, 1916.
Notice OF such election shall be |
given by written notice properly adj I
dressed to each stakeholder at least
fifteen (15) days before such meet
ng.
At said election, and at all other
Meetings -of -the stockholders, the
'oting shall be by ballot, and each
hare Of stock shall be entitled to
ne vote by the owner in person or
y written proxy.
Within one week of their election.
S above provided for. the Board OF |,
directors shall elect from among Il
heir number, q president, a. vice t.
resident, secretary, a treasurer 4
nd a general manager, provided that Il
ne person may hold the Offices of
9th secretary and general manages,
nd all OF said officers and directors
hall hold their respective Offices for
period OF one year from the date Of
TER election. or until their success
rs are elected. But the failure tod
old an annual election. or to eject
le officers 90 shove provided for.