St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1915-05-15

many, or elsewhere in this State: rs
construct and erect buildings and
other improvements on the pronertv
it may acquire; to operate. lease.
mortgage or sell the same: to deal
in mortgage notes, bonds and other
securities; and generally to do ali
things incident to the purposes afore-
said. s8 8
ARTICLE w.
The capital stock Of this cornora-
ton is hereby declared to be the snm
of Fifteen Thousand Dollars, divided
into fifteen thousand shares st tie
par value of one dollar each: md
this corporation shall be operative
| and go into business and become 10
going concern when fourteen thous-
and shares of its capital stock shaIl
have been subscribed and paid for.
to-Wit, at the execution of these pres-
| ents. No transfer of stock shall lie
binding upon this corporation un-
less same appears on the Cooks there
of.
No stakeholder shall h:ve the right
to assign or transfer any share 81
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 I'd
the price, the matter shall be ar
bitrated, one arbitrator with the pow
ers of amicable compounders to ~:
lappointed by each side, and an am-
pire to be selected by those two, who
shall take oath, and whose decision
shall be final, and no recourse to tina.
courts to be hereafter allowed. And
all the shares of stock when so pur-s
chased may be reissued at not less
than par value.
ARTICLE v.
/. The corporate powers Of thi5.
corporation shall be vested In q
Board of Directors to be composed
of seven directors to be elected BY,
the stockholders at general meet
ing to be held on the first Saturday
Of September in each year. No
stakeholder of this corporation shall
have the power to vote except tn
person or by proxy.
2. The Board of Directors shall
have the power to make all BYLAW.
rules and regulations for the COM
duct of, the affairs OF the corpora-l
| ton; shall elect from their number y
president, vice president and secre-S
tary-treasurer.
8. Until the election to be held
as hereinabove provided, the follow
ing shall constitute the first Board
of Directors, viz: Edward r. Con-.
sin, 4723 Iberville street, New Or
leans, La; George J.. Cousin, New
iberia, La; Raoul J. Cousin. 4713
Iberville street, New Orleans, In: u
Marie Cousin, Slidell, La; Marcel Il.
Cousin, Slidell, La; Mrs. Laure Tab
larry, Slidell, La; David Pichon, Sill
Idell, La, with Edward p. Cousiu o.
president, George j. Cousin IS yfce
president and Marcel J. Cousin NJ
secretary-treasurer.
Thus done and passed at my ONES.
in the city of New Orleans, On thu
day and date first above written, IN
the presence OF Messrs. Horac3 a.
Knapp and Gerald G. Wyness. com
petent witnesses, who have hereunto
subscribed their names with the said
lappearers and me, Notary. after
reading Of the whole.
Signed: &
| E. p. Cousin, 1share.
and others.
Witnesses: s ss.s5
II. ID. KNAPP. II.
G. G. Wyness.
PERCY s. BENEDICT.
moot Notary Public
/ certify that this instrument WAa
filed for record March 16, 1915. ~
II a. M, recorded March 16, 1916
lin Charter Book l, page ~. Of tlo
official records.
/ w. E. BLOSSMAN,
by. Clerk Of Court