St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-03-20

F.. w. Salmen, L. T. Miles. =. r.
HALEY, w. E. Eddins, J. A. Bos-
quet, Jr., all seven residents OF the
parish of St. Tammany, who several
ly declared that they, their associates
and successors, do hereby form ana
organize themselves into corpora
ton, for a term of ninety-nine years
from this date, under the name OF
S.idcll Li.c Stock and Farms Conn
pany, Incorporated, the domicile
whereof is fixed at Slidell, parish OF
St. Tanmany. Louisiana, its oDJects
and purposes being to buy and sell
real estate, to deal generally IN all
the natural resources OF the state
Of Louisiana; to buy and sell all
kinds of live stock and poultry, to
, breed and raise the same; TO carry
on a general farm and truck Dusl-
ness; to conduct dairy and sell
the products from the same; to
slaughter all kinds Of stock and poul-
try and to sell the same; to deal in
all kinds of feed stuff and operate
commissary or store, and generally
to do all things necessarily connect
ed with the within objects and pur-
poses above enumerated, in this State
and elsewhere.
The capital stock of this corpora
ton is hereby fixed at the sum OF
fifty thousand ($50,000) dollars di-
vided into and represented by hve
hundred 5000 shares of the par
value of one hundred ($1OO) dollars
each, which shall be paid for in cash
or it's equivalent in property. either
real or personal; this corporation
shall begin business and be a. going
concern as soon as twenty-five thou
sand ($25,OOO) dollars of it's capital
stock shall have been subscribed.
The capital stock may be increased
to one hundred thousand ($1OO,OOO)
dollars.
Citation shall be served on the
president, or in his absence on the
secretary.
The affairs of this corporation
shall be managed by Board of Di-
rectors, composed of seven stock
holders, four of whom shall form a
quorum, to be elected by the stock
holders annually, by ballot, on the
first Monday of January, 1916, or on
any subsequent date fixed by the
Board, in case of no election taking
place on said day. Each stockhold-
er shall be entitled to one vote.
Said Board shall have the right
to make all bylaws and change and
alter the same at pleasure; to use a
corporate seal, tie same to alter or
break at pleasure.
The first Board of Directors shall
be composed of Fritz Salmen, j. A.
Salmen, F. w. Salmen, L. T. Miles,
E. F. Haley, W. E. Eddins and j. A.
Bousquet, Jr., of whom Fritz Salmen
shall be president, ]. A. Salmen, vice
president; E. F. HALEY, secretary;
F. w. Salmen, treasurer, and they
shall hold office until the first Mon
day in January, 1916, or until their
successors are elected and take their
place.
That in the event any stakeholder
should elect to sell his stock, it is
hereby made obligatory on him to
first tender it to the other members
of the company, and they have thir-
| ty 500 days option within which
to purchase the same at market price
before stakeholder can offer the same
for sale in open market.
| At the termination of this charter.
or. the dissolution of the corporation,
| the affairs shall be liquidated by the
members of the Board of Directors
as liquidating commissioners.
Thus done and passed before me
the undersigned Notary Public. on
the day, month and year first here
inabove written in the presence of F.
II. Wiggington and G. W Wharton,
competent witnesses, who have sign
ed these presents, together with the
said appearers, and me, Notary, after
due reading of the whole.
F. Salmen, Slidell, La, so shares.
F. w Salmen, Slidell, La, per +.
Salmen, so shares.
j. A. Salmen, Slidell, La, so
shares.
l.. T. Miles, Slidell, La, 25 shares.
E. F. HALEY, Slidell, La, rs shares
w. E. Eddins, Slidell, La, 25
shares.
j. A Bousquet, Jr.. Slidell, La,
I25 shares.
Witnesses:
F. F. WIGGINGTON.
G. v. WHARTON.
BENZ. M. MILLER,
Notary Public.
I certify the above and foregoing
to be true copy of the original as
recorded in the Mortgage and Con-
veyance Office of ST. Tammany par
ish, in Charter Book /, page -
BENZ. M. MILLER,
mar6-6t Notary Public.