St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-07-17


thousand $4,000 shares of the pa
value of one ($1.0O) dollar each, O
in payment or exchange for property
rights or credits actually purchased
or services actually received by sal,
corporation, provided that all stool
shall be paid for in full within twelv'
months after same shall have beef
subscribed for. and NJ stock shall b,
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 o
said corporation, and all transfers o
stock shall be made on the books o
said company, at its Office, on tn,
surrender of the certificates there
for. y
The capital stock of this corpora
ton may be increased to the sum O.
TWENTY-FIVE Thousand ($25.000.00]
Dollars.
This corporation sh-'l commeac.
doing business as soon as Twenty
Five Hundred ($2500) Dollars Of tt
capital stock shall have been sub
scribed for, End Twelve Hundred and
Fifty ($1250) Dollars actually pait
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 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 id
dressed to each stockholder ct least
fifteen (15) days before such meet
ing.
At said election, snd 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 OF
by written proxy.
Within one week Of their election,
~ above provided for, the Board Of
Directors shall elect from among
their number, . president, q vice
. secretary, . treasurer
and = general manager, provided that
one person may hold the omces of
both secretary and general manager.
and Ill Of said officers and directors
shall hold their respective Offices for
q period Of one year from the date Of
their election. or until their success
sors are elected. But the failure to
hold IN annual election, or to elect
the officers % 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 meet
Ing called for that purpose; after
i've (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
or management and conduct of the
Affairs Of this corporation, and to
change, alter, abolish and amend
same at pleasure, and shall have and
exercise all the powers conferred by
law on this corporation, and rs set
forth generally above.
The said board Of directors may al
70 delegate any of said powers in
The transaction Of the business Of this
to committees Of their
own body, or to the officers and
agents Of this corporation.
The first board of directors of this
are hereby declared to
10:
Miss Kate Eastman, Covington,
La; Mrs. VIM. Bodebender, Coving-
ton, La; Mrs. b. B. Warren, Gov
ngton, La; Mrs. Lorena Wortham,
La; Mrs. E. r. Moses,
La; Mrs. Clifton Burns.
covington, La; w. e. Wood, Madi-
La; Louis Jenkins, Gallo
way, La; Felix A. Jones. ST., Man
leville, La; w. TT. Kahl, Bush, La;
Walter Parker. Talisheek, La; T. J.
Hand, Slidell, La; A. o. Pons, Abita
Springs, La; n. w. Allen, Covington,
a.; N. Nielsen, Covington, La; w.
l. Hood, Onville. La; e. 6. Davis.
La; ]. H. Warner, Cow
ngton, La; ]. Louis Smith, Coving-
on, La; e. v. Richard, Covington,
Ia; e. J. Domergue, Jr.. Covington,
IA; c. E. Schonberg, Covington,
Ia; Nicholas H. FitzSimons, Cow
ngton. La; John Halter, Covington
Ia, and D. ]. Sanders, Covington,
a., with Nicholas N. FitxSimons as
c. E. Schonberg % vice
PRESIDENT: D. j. Sanders 40 secretary
md general manager, and John Hal
or as treasurer: who shall hold their
'hices until the fourth Thursday in
lay, 1916, or until their successors
re elected.
ARTICLE v.
No stakeholder shall be held liable
II responsible for the contracts or
aults Of this corporation In any fur
her sum than the unpaid balance
Tue the company on shares of stock
wned by him, nor shall any infor-
aality in the organization herein
ave the effect Of rendering this
harter null, or Of exposing any
tockholder to any liability beyond
he unpaid balance due on his stock.
Thus done and passed 1T Coving-
IN. Louisiana. on the day, month |
nd year hereinabove mentioned, and
! the presence OF 0e1ofe. Adam Sci |
y and Edgar Nenetre, competent |
illnesses. Who have harannto si1naA |