St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-15
THE ST. TAMMANY FARMER, APRIL Is, 1918

or elsewhere; aud generally to
and perform any anu all things ne.
essary or incidental to or apper
tanning to the aforesaid objects an
purposes, or any OF them.
ARTICLE Nv.
The amount of the capital stock O
this corporation is hereby declares
to be Ten Thousand (S10,0OV) Dol
lars, which shall consist OF one nun
dfed shares OF the par vaiue OF tln
Hundred Dollars per share; all U
which shall be subscribed for betor
the ming OF the articles of incor
poration; and all of said stock s,
subscribed Tor shall be paid for eth
er in money or property received o
labor done for said corporation. u
such times as the Board Of Direc
tors shall determine.
The amount to which the capita
stock may be increased shall be Ont
Hundred Thousand ($lOO,O0O) Dol
lars.
| ARTICLE v.
All the powers OF this corporation
shall be vested in and the business
and affairs OF the corporation man.
aged by Board OF tour Directors,
VINO snail be Erected annually at q
meeting Of the stockholders ON the
| Arst MONDAY of April OF each year:
the flrst Board OF Directors to serve
Tor the hrst veal, or until their sue
cessOrs snail De elected and qualified.
The hrst Board OF Directors snail
| CONSIST OIL Morgan Jones, CHARLES
| Hosen, Horace u. Turner, and ko-
.aiu zones, with MOL gan Jones as
rfealaent, Charles kosen as Vice
1!esluen,, Horace i. Turner as Sec
drer, VINO shall hold their O1nces un-
III tneis successors are electel and
4uanHed. <
All elections shall be by ballot at
the ONCE OF the company, under the
supervision OF TWO commissioners to
Dc appointed by the Board OF Di-
reetors. Notice OF such meetings
shall be given by the Secretary in
Writing, delivered to each stockhold-
er in person or mailed to his last
KNOWN address at least fifteen days
PRIOR to such election, but the notice
may be waived by all the stockhold-
ers. At all such elections and at
all meetings of the stockholders,
every stakeholder shall be entitled
to one vote for each share Of stock
standing in his name on the books
Of the company on the date of such
election or meeting; said votes t.
be cast in person or by written
proxy, and majority OF the votes
cast shall elect.
The failure to hold the annual
meeting or to elect directors shall
not dissolve or affect the corporation
nor impair its management in any
respect, but the directors in Office
shall remain in Office until their sue
cessors are elected and qualified.
Each subsequent Board Of Directors
shall elect as soon as possible after
their own election a President,
Vice-President, Secretary, and a
Treasurer; or may unite the two lat
ter Offices into one. and may APP
point and elect such other officers,
agents, or employees as the Board
OF Directors may deem proper, and
may grant to each officer such pos,es
ers as they may deem proper.
All vacancies in the Board for
whatever cause shall be filled by tn,
remaining Directors.
Any member of the Board may ap-
point any other person his proxy to
act in his place and stead at any
meeting of the Board.
Said corporation shall have the
right to purchase any business or
businesses within the objects and
purposes of this corporation and to
pay therefor such price as the. Board
OF Directors shall determine.
The Board of Directors may make
and amend all necessary bylaws fol-
the regulation Of the company.
ARTICLE vi.
This act of incorporation may be
modified, changed or altered, or said
corporation may be dissolved with
the assent Of two-thirds of the CAPT
tai stock outstanding at meeting
of the stockholders convened for
that purpose and after fifteen days
notice has been delivered IN person
or given by letter mailed to the last
known address Of each stockholder.
The said notice may be waived by
the unanimous consent OF all tn.
stockholders.
In case of the dissolution of the
corporation, its affairs shall be liqui-
dated by two commissioners elected
by the stockholders.
ARTICLE VII.
No stakeholder shall ever be. held
liable for faults or contracts of this
corporation in any further sum than
the unpaid balance due to the cor
pOration on the shares owned by
him; nor shall any mere informality
have the effect Of rendering the char
ter null or Of exposing any stock
holder to any liability beyond the
unpaid balance due on his stock.
The subscribers hereto have re-
spectively written opposite their
names the amount of stock subscrib-
ed by them in this corporation, SO
that this act Of incorporation may
also serve as the original subscrip-
ton list of the corporation, and
they have stated their post Office ad-
dresses so as to conform with Act
No. 267 OF 1914, as follows:
Morgan Jones, Abilene, Texas. d
Roland Jones, Honey Island, La.
Charles Rosen, New Orleans, La.
H. B. Turner. New Orleans, La.
Thus done and passed at my Office
in the city Of New Orleans, State Of
Louisiana. on the day, month and
year first above written, In the pres
auoo ~ Moncrc n To harry au6 a.