St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-12-18

corporation shall be vested In and
exercised by a Board of Directors to
consist Of three members, two OF said
Directors shall constitute quorum.
all OF whom shall be citizens Of the
United States and residents Of the
State Of Louisiana, and as the holder
Of 4 policy or benefit certificate in
this Association, they shall hold Of
fee for five years or until their sue
cessors are elected and qualified and
shall be elected at meeting called
for that purpose by ballot OF the
holders Of policies or benefit certta-
Gates Of this corporation, each hold
or Of q certificate being entitled to
one vote, either In person or by
written proxy, the first election to be
held on the second Monday Of De-
cember, 1920, and every i've years
thereafter. The Board OF Directors
shall hold monthly meetings. and
shall from among their number
choose annually q president, vice
president and secretary treasurer.
and such other officers as the said
Board Of Directors may elect, until
the first election the following nam
ed persons shall constitute the first
Board of Directors: Wallace Poole.
James Mutually and Joseph Elliott
Stanga, and they shall hold Office I'M
til the second Monday of December.
1920, or until their successor, shall
have been duly elected and qualified,
with the said Wallace Poole, presi
dent, Joseph Elliott STANCE. vice
president, and James Mutually. Sec
REIMBURSEMENT; any vacancy occur
ring in the Board shall be filled by
the remaining members of the Board
at their monthly meeting.
ARTICLE V.
This act of Incorporation may be
changed, modified, or altered, or this
corporation may be dissolved at a
general meeting Of the holders OF
policies or benefit certificates and as
such members Of the corporation
convened for that purpose. with the
consent Of two-thirds of those pres
emit, in person or by proxy at such
meeting, and in the event of dissolu-
ton the affairs of this Association
shall be liQuidated by two commits
sioners to be elected at the meeting
which decided to liquidate by vote
Of the policy holders or benefit Ger
ttfcate holders all meetings Of the
members of this Association shall
be held at the domicile of the Asso
citation after ten days notice by pub
LEGATION in one of the daily news.
papers In the English language in
the town of Covington, and at al
such meetings each holder of poll
cy or benefit certificate shall be en-
titled to one vote in person or writ
ten proxy.
ARTICLE vi.
M members of this Association
shall ever be held liable or respon-
sible for the contracts or faults OF
this Association, In any further sum
than the unpaid balance due on his
policy or benefit certificates under
his contract, nor shall any mere in
formality in organization have the
effect Of rendering this charter nur
or exposing q member Of this Asso-
citation to any liability beyond any
unpaid balance due by him.
Thus done and passed In the town
Of Covington, on the day, month and
year above written, in the presence
Of s. w. Provensal and w. E. Bloss-
man, both Of this town, competent
witnesses, who have hereunto signed
their names with the said appearers,
who are Ill Of the age Of majority