St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-01-29

rannany, state 81 Louisiana. Al
citations and ther legal process
shall bs served upon tho Pfesiden,
Of the said corporation, and In hi
absence upon the Vice President, and
In the absence Of both the President
and the Vice President, then the
service shall b made upon the Sec.
rotary.
ARTICLE III.
The objects and purposes of this
corporation. and the nature Of the
business to be carried on by 1t are
hereby agreed to 30 to purchase, re-
ceive. hold, lease, or otherwise &C.
auire mines. mineral lands, mining
rights. claims and privileges. or real
estate in the United States OF Ameri-
CO, Or State Of Louisiana, and to ex-
plore. prospect. Examine, test, de-
velop, open, work or In any manner
use or turn Same to advantage, to
prospect and search for natural gas,
oil. petroleum. coal. salt. sulphur or
other minerals or elements Of value;
to investigate. Examine and test
lands whore same are supposed to
exist. such wells and shafts ~ may
be deemed expedient for that pur-
pose, and to drill, bore. dig, blast
or put down, to mine. dig, blast, ex-
cavate, pump or otherwise obtain or
procure natural Gas. oil, petroleum,
coal, salt. sulphuf or other minerals
or substance Of value. and to pre-
pare, purify, refine. manufacture,
transport, convey, store, warehouse,
0ou or otherwise use or dispose Of
same; to drill. bore or put down,
excavate or mako and maintain, re-
pair, operate, and work any wells,
shafts, mines or other works that
may bo necessary or convenient to
accomplish and carry on the objects
and purposes herein set forth; to
build, erect, repair, maintain and OPP
crate any buildings, houses, pumps.
machinery. apparatus, works. rail-
roads. tramways, boats, barges. ca
mails, levees. reservoirs, pipe lines.
tanks Or other things that may be
necessary or expedient to accomplish
or carry on the objects and purposes
herein sst forth and In general to do
necessary, convenient or in
cidental to the accomplishment of
said objects and purposes.
ARTICLE ~.
The eapital stock OF this corpora
ton IL hereby fixed ct the sum of
Eighty thousand (V80,000.00) Dol
lars, to be divided into and repre-
Bented by eight thousand $4,000
shares OF the par value Of Ten Dol
lars each. Said capital stock may
be- increased to Two Hundred Thou
gand (92o0.000.o0) Dollars or more
In the manner provided BY the laws
of the State Of Louisiana, said stock
shall De paid for in cash. or its
equivalent In real property or per-
lonAl property. property received for
rendered, or labor perform
ID in such manner and under the
Terms such - the Board Of Directors
may determine, but no certificates of
Itock shall be issued until the same
has been paid for either In cash. or
property received, services rendered,
,r labor performed. No transfer of
took shall be binding upon this cor
poration unless recorded upon the
books and until the certificate of
ltock shall have been delivered to
he corporation and duly cancelled.
49,. - i ARTICLE v.
( All the corporate powers OF this
and the management and
control Of it, anairs saall be vested
n and exercised by q Board Of Di-
'ectors composed Of dye stockhold-
m Of whom three shall constitute = |
quorum for the transaction Of bust !
less: the number Of said Board of
Directors may be increased ct the OPP
Ion Of the Board Of Directors, but
\ that case = majority Of the num-
nor Of the Board Of Directors shall
constitute . quorum thereof. Said
Ioard Of Directors shall be elected on
he third Monday in February OF
ZACH year commencing with the year |
L917, and shall Immediately after |
he election elect from among their |
number = President, . Vice Presi-
lent, and . Treasurer. each Of whom |
hall DO Q stakeholder. They shall |
Ilso elect . Secretary who may or |
nay not be Q stockholder, or the |
Treasurer may hold both Offices Of
secretary and Treasurer. Each |
shall be entitled, In per-
on or by proxy. to one vote Tor
very share Of stock owned by him
r her.
All elections shall ibe BY ballot,
nd held ct the once Of said corpora
lon, and under the superintendence
{ two commissioners to be appoint
d for that purpose by tho Board Of
directors.
The majority Of votes cast shall
lect said Board Of Directors. who,
With the officers thereof, shall con-
inue In ofncs until their successors
ave been elected and qualified.
lotice Of tho election Of the Board of
directors shall be given BY publica-
ion In one Newspaper published at
he domicile Of the corporation and
written notice to the last known
ddress Of each stakeholder for a !,
'eriod Of ct least fifteen days pre-
ious to said election. The first cleo
ion Of the Board Of Directors under /
his charter shall take place on the
bird Monday In February. 1917, un-