St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-01-08
The ST. TAMMANY FARMER. JAN. 8. 1916


THE ST.
Isurance business known a. Indus
trial Life Insurance. for which stipu'
lated premiums, advances: assessment
and dues are regularly payable and
lcollectable at any stated term lesi
than q month apart. and for which
additional assessments may be levied
a. may become necessary and the
policies are benefit certificates OF
which are for sums Of i've hundred
dollars, or less, on single life, OF
which policies or oeefnt certificates
provide Q 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 q physician or supply
ing Of drugs, or furnishing funeral.
ARTICLE Nv.
All the corporate power OF this
corporation shall be vested in and
exercised by . 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 Loui-ian and as the holder
Of q policy or benefit certificate In
this Association, they shall hold Of
fee for five years or uAtn their sue
oessors are elected and qualified and
shall be elected at q meeting called
for that purpose by ballot OF the
holders of policies or benefit certift-
Gates of this corporation. each hold
or 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 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 heir successor shall
have been duly elected and qualified,
with the said Wallace Poole, presi-
dent. Joseph ELLIOTT STANCE. vice
and James Mutually, Sec
any vacancy occur
ring in the Board shall be filed by
The remaining members of the Board
1t their monthly meeting.
ARTICLE v.
This act Of Incorporation may be
changed, modified, or altered, or this
corporation may be dissolved at
general meeting of the holders OF
policies or benefit certificates and as
Iuch members of the corporation
tor that purpose, with the
consent of tWo-thirds of those pres |
mt, in person or by proxy at such |
Meeting, and in the event of diss0lu- |
ion the affairs of this Association |
hall be uQuidated by two commits
ioners to be elected at the meeting |
which decided to uQuidate by a vote |
# the policy holders or benefit GER
members of this Association shall
10 held at the domicile of the Asso-
iation after ten days notice by pub
tcation in one of the daily news
'apers In the English language in
he town Of COvington, and at ali
UGH meetings each holder OF q poll
y or benent certificate shall be en-
tiled to one vote In person or writ.
en- proxy.
ARTICLE vi.
NO members OF this Association
hall ever be held liabl or respon-
tble for the contracts or faults OF
his Association, in any further sum
han the unpaid balance due on his
olicy or benefit certificates under
10 contract. nor shall any mere in
In organization have the
fect of rendering this charter null
r exposing q member of this Asso-
lation to any liability beyond any
npaid balance due by him. H.
Thus done and passed in the town
Covtngton, on the day, month and
ear above written, in the presence
s. w. Provensal and w. E. Bloss-
ian. both Of this town, competent
illnesses. who hive hereunto signed
leir names with the said appearers, !
no are all Of the age of majority
nd residents Of this town and State,
nd me. Notary. after due reading OF
10 whole.
Original Signed,
WALLACE NJ. POOLE,
JOSEPH ELLIOTT STANGA,
JAMES mutually.
Witnesses:
s. w. Provensal.
w. e. Blossman.
FRED. ]. HEINTZ. JR.,
Notary Public.
l certify the above to be q true .
'py Of original. =
FRED. J. HEINTZ, JR., .
Notary Public.
! certify that this instrument was =
ed for record December Is, 1918, =
Z p. m.
w. e. BLOSSMAN, 0
Dy. Clerk of Court. y
AN ORDINANCE =
and re-enacting an ordi-
nance adopted by the polio jury of
st. Tammany Parish, La, on the n
L. H.