St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-02-05

ss..f3 E~..s .
works: to superintend the constrnc-
ton thereof; to carry on andS c0ue
duct the designing. constructing. en-
larging, repairing. fenfn116g,z re-
modelling, or otherwise engaging in
any work upon buildings. and. to ex-
tend and receive any contracts Or aa-
signments of contracts therefor, Or
relating thereto, or connecting there
with; to do and carry ON such other
work Of every kind, aszReFtadps~ta
the practice of architecture, Of every
nature. 1t shall also have newer to
purchase for Investment or RESALE,
and to tranic in lands and Houses
and other property. and generally to
do and perform any and all acts and
things, pertaining to the business
above enumerated, connected there
with, or arising therefrOm. In this
state or elsewhere. =
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at Five Thousand
($50OO.OO) Dollars, divided into and
represented by Fifty shares Of stock
of the par value of One Hundred
($l0O.00) Dollars each. payable III
exchange Tor property. as per list OF,
description and valuation thereof,
hereto annexed and made part here
Of. All OF said stock snail be COM
mon stock.
This corporation may commence
doing business and shall become 4
going concern as soon - Two Thons-
aud Five Hundred l$2,500.0OJ Dol
lars OF its capital stock shall have
bee subscribed and paid for, a4
above provided.
Shares of stock can only be trans
ferred by having the transfer record
ed on the books OF the corporation,
and no transfer can be made until it
shall have first been offered for sale
at its book value, to the Board OF
Directors OF this corporation. and
they shall have refused. within ten
days from said otter, to purchase
said stock.
ARTICLE V.
All the corporate powers Of this
corporation and the MANAGEMENT and
control OF its affairs shall be vested
III and exercised by Board of Di-
xectoIs, composed of three 60 stock
holders, q majority OF whom shall
constitute q quorum for the trans
action of all of the business. The
directors shall be elected annually,
by ballot, by the stockholders, ON the
second Tuesday in January Of each
year. Each person shall be entitled,
in person. or by proxy. to one vote
for every share of stock owned by
him, and all elections shall be held
under such rules and regulations IS
may be determined by the Board of
Directors; the directors thus elected
shall continue in Office for one year,
or until their successors have been
duly elected and qualified. No fail
ure to elect shall be regarded rs
forfeiture of this charter. Any va
cancy occurring on said Board shall
be filled by the remaining directors.
for tbs unexpired term. The Board
Of Directors shall at its arst meet
ing sitter its election. nominate, out
Of its number. q president. vice
president and a secretary-treasure-.
The said board shall hvae the right
to appoint and dismiss the clerks,
managers, secretaries and other en-
ployees Of the corporation. IS the
interests and business Of the same
may require; to fix the amour. of
their compensation and the time and
manner Of the payment thereof. Any
directorr shall have the right to APP
point, by written instruments an
other director. as mis- proxy. to act
in his stead, at any and all Of the
meetings Of the Board Of Directors.
ARTICLE WI.
the second Tuesday in January. 1917,
tiie Following named persons shall
con5tstute the 1lrst Board OF Direct
ors OF ghisscorporation. viz: Albert
e.. Scar p03t office, New Orleans, La.
arthur Il. Bear, postothce, C0vingtOn,
La. Armand A. Bear pOstOtlce. New
Orleans, La. Win the said Albert
G. Scar as president. Arthur L. Bear
as vice president. and Armand A.
Bear as secretary-treasurer.
ARTICLE VII.
No stakeholder of this corporation
shall ever be liable or responsible
for the contracts, faults, debts or
failure OF this corporation, in any
further sum than the unpaid balance
due said corporation on sAares OF
stock subscribed tor and owned by
the said stockholder; nor snail any
informally in the organization OF
THIS corporation have the effect Of
rendering this charter null or Of ex-
posing stakeholder to any further
lla,billty. beyond the unpaid balance
Que on the shares Of stock owned
ny him.
ARTICLE VIII.
This act Of incorporation may be
changed. modified or altered, or this
corporation may be dissolved, or Ii
Quidato1s may be appointed therefor.
~ provided by Section ~. ~ and ~
OF Act No. 267 OF the Asts Of the
General Assembly Of the State o.
Louisiana. tor the year 1914. and
otaer existing laws.
Thus done and passed at my Office
in the town OF Coyington. Parish o.
st. Tammany, State OF Louisiana. on
the day. month and year tlrst above
written, in the presence Of Mr.. Albert
Sidney Burns and Mr. James Monroe
Simmons, competent witnesses, resid-
ing in the .arish Of st. Tammany.
State of Louisiana, who signed these
presents, together with said appear
ers, and me, Notary, after due read
ing OF the whole.
ALBERT G. BEAR, % Shares.
Postotice, New Orleans. La.