St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-05-01

many, or elsewhere in this State: "a
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 all
things incident to the purposes afore-
said.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby declared to be the sum
of Fifteen Thousand Dollars, divided
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 shall
have been subscribed and paid Tor,
to-wit, at the execution of these pres
ents. No transfer of stock shall be
binding upon this corporation UNI
less same appears on the books tn ,-e-
of.
No stakeholder shall have the right
to assign or transfer any share or
shares held by him unless he shall
have first offered same in writing to
the Board of Directors, which will
have the right to purchase same
within ten days thereafter, at the
valuation determined by the Board;
and in case of dissatisfaction as to
the price, the matter shall be ar
bitrated, one arbitrator with the pow
ers of amicable eompounders to be
appointed by each side, and an an
pire to be selected by those two, who
shall take oath, and whose decision
shall be final, and no recourse to the
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 thts
corporation shall be vested in
Board of. Directors to be composed
Of seven directors to be elected by
the stockholders at general meet
ling to be held on the first Saturday
|of September in each year. No
stakeholder 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
president, 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, 4723 Iberville street, New Or
leans, La; George ]. Cousin, New
Iberia, La; Raoul ]. Cousin, 1873
Iberville street, New Orleans, La;
Marie Cousin, Slidell, La; Marcel J.
Cousin, Slidell, La; Mrs. Laure Tab
airy, Slidell, La; David Pichon. Sill
dell, La, with Edward P. Cousin as
president, George j. Cousin as vice
president and Marcel ]. Cousin as
secretary treasurer.
Thus done and passed at my Office,
in the city of New Orleans, on the
day and date first above written, in
the presence of Messrs Horace D.
Knapp and Gerald G. Wyness, COM
petent witnesses, who have hereunto
subscribed their names with the said
appearers and me, Notary, after
reading Of the whole.
Signed:
E. p. Cousin, ..... 1share.
and others.
Witnesses:
II. D. KNAPP.
G. G. Wyness.
PERCY S. BENEDICT,
moot Notary Public.
! certify that this instrument was
filed for record March 16, 1915. at
IL a. M, recorded March Is, 1915.
in Charter Book /. page ~, of the
official records.
W. E. BLOSsMAN,
Dy. Clerk of Court.