St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-01-22
THE ST. TAMMANY FARMER. JAN. p. 1916

HE =
lsurance business known as Indus
trial Life Insurance, for which stlpu
lated premiums, advance assessmen
and dues are regularly payable ant
collectable at any stated term les'
than month apart, and for Whlcf
additional assessments may be leVlee
as may become necessary and the
policies are benefit certificates Of
which are for sums Of five hundred
dollars. or less, on single life, Of
which policies or 0eefint certificates
provide weekly cash benefit for dis
ability, caused by sickness or acct
dent, Of twenty dollars per week OF
less, or which provides for the at
tendance Of physician or supply
ing Of drugs, or furnishing funeral
ARTICLE ".
All the corporate power OF this
corporation shall be vested In and
exercised by q 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 policy or benefit certificate in
this Association. they shall hold OF
fee for five years or uAtn 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 certih-
Gates Of this corporation. each hold
er Of 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 five years
thereafter. The Board Of Directors
shall hold monthly meetings, and
shall from among their number
choose annually president. q 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 heir successor shall
have been duly elected and qualified,
with the said Wallace Poole. presi-
dent, Joseph Elliott Stanga, vice
and James Mutually, sec
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
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
for that purpose. with the
consent of tWo-thirds Of those pres
ent, in person or by proxy at such
and in the event Of dissolu-
ton the affairs of this Association
shall be uQuidated by two commits
sioners to be elected at the meeting
which decided to liQuidate by vote
Of the policy holders or benefit GER
tifcate holders all meetings OF the
members of this Association shall
be held at the domicile of the Asso-
ciaticn after ten days notice by pub
lication in one of the daily news
papers in the English language in
the town Of Covington, and at all
such meetings each holder of a poll
cy or benefit certificate shall be en-
titled to one vote in person or writ
ten proxy.
AprnrJ n VT
No members of this Association
shall ever be held liabl or respon-
3ible 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
In organization have the
effect Of rendering this charter null
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
IT S. w. Provensal and w. E. Bloss
man, both of this town, competent
who have hereunto signed
their names with the said appearers,
who are all of the age of majority
and residents Of this town and State,
and me, Notary, after due reading of
he whole.
Original Signed,
WALLACE NJ. POOLE,
JOSEPH ELLIOTT STANGA,
- JAMES mutually.
Witnesses:
S. w. Provensal.
w. E. Blossman.
FRED. ]. HEINTZ, JR.,
Notary Public.
I certify the above to be a true
copy OF original.
FRED. J. HEINTZ, JR.,
Notary Public.
l certify that this instrument was
lied for record December Is. 1915,
It 2 p. m.
w. e. BLOSSMAN,
by. Clerk of Court.
dec18-6t
AN ORDINANCE
and re-enacting an ordi-
nance adopted by the polio jury Of
ca Do rich nm tho