St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-07-03

they do, by these presents, covenant
land agree and bind themselves, as
we'll as such other persons as may
become hereafter associated with
them, in order to form and consti-
| tute a corporation or body polite in
law, for the objects and purposes,
and under the stipulations follow
ing, to-Wit::
ARTICLE i.
- The name and title Of this corpora
ton shall be St. Tammany Parish
Fair Association, Inc, and its dom1-
Gle is hereby established at Coving-
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 continne for 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 it, 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 oil
Five Thousand ($5,000) Dollars, di
Vided into and represented by five
thousand $4,000 shares Of the par
value of one ($1.00) 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
led 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 the certificates there
for.
The capital stock of this corpora
ton may be increased to the sum OF
Twenty-Five Thousand ($25,000.00)
Dollars.
This corporation shall commence
doing business as soon as Twenty
Five Hundred (s2500) Dollars Of its
capital stock shall have been SUBJ
scribed for, and Twelve Hundred and
Fifty (s1250) Dollars actually paid
in to the treasury.
ARTICLE ~.
The corporate powers of this cor
poration shall be vested in and ex-
Eercised by Board Of Directors which
shall consist Of twenty-five stock
holders, five Of whom shall constitute
a quorum for the transaction of bust
ness. Said directors shall be elected
annually from among the stockhold-
ers on the fourth Thursday in May OF
each year, commencing on the fourth
Thursday in May, 1916.
Notice Of such election shall be
given by written notice properly adj 1
dressed to each stakeholder at least
fifteen t15) days before such meet
ing.
At said election, and at all other
meetings of the stockholders, the
voting shall be by ballot. and each
share of stock shall be entitled to
one vote by the owner in person or
by written proxy.
Within one week of their election,
as above provided for, the Board OF
Directors shall elect from among
their number, a president, vice
president, secretary, a treasurer
and general manager, provided that
one person may hold the offices of
both secretary and general manager,
and all Of said officers and directors
shall hold their respective offices for
period of one year from the date of
their election, or until their success
sors are elected. But the failure to
hold an annual election, or to elect |
the officers as above provided for.
shall not result in dissolution 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 filed by
the remaining members of the board,
for the unexpired term, at a meet |
ing called for that purpose, after /
five (5) days notice in writing, sent
by mail to said directors at their last |
known residence.
The said board Of directors shall |
have the power to make all bylaws |
rules and regulations for the prop
er management and conduct OF the |
affairs Of this corporation, and to |
change. alter, abolish and amend |
same at pleasure, and shall have and I
exercise all the powers conferred by
law on this corporation, and as set (