St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-29


number the oMcors o9 said company
ARTICLE v.
The board Of directors shall hav'
full power to M vacancies In thstl
number caused by death. resignatiol
or otherwise from among the stock
holders Of the corporation.
The said board shall have full con
troll Of the property Of this. corpora
ton and shall 80 conduct, manage
and use the same % In their dtscre
ton they deem 1T and that 10 con
sistent with the objects OF this com
pany, Or the welfare Of the same.
The said board II further author
ICED to frame and adopt such BY
laws, rules and regulations ~ the
at1airs and business Of the corpora
ton may require and 40 1t may deem
necessary for the conducting and
management thereof; provided tn,
same shall not conflict with this
charter or with the laws OF this
stat6 or Of the United States.
The said board shall elect or ap-
point q secretary and such other Of
ncers, agents. employees, servants
and clerks ~ it may deem necessary
for the conducting OF the business
OF the corporation. tx their compen-
sation, term OF service. with the
right to dismiss them at said board
pleasure; and said board shall have
the right to lix and determine the
salaries OF the several officers here
In provided for.
ARTICLE vi.
This charter may be changed, mod
lied or amended, the capital stock
increased to twenty-five Thousand
Dollars ($15. 000). or this corpora
ton may be dissolved at q general
meeting Of the stockholders conven-
ed for that purpose. with the assent
Of three-fourths OF the entire CAPT
tai stock. whether present or repre-
sented ct such meeting.
Ten days prior notice Of such
meeting shall be given In any daily
paper Of the parish Of st. Tammany
or said meeting may be held ten
days after notice In q weekly publ
cation Of St. Tammany artsh. Lou
isiaua.
In case Of dissolution or termina-
tion Of this corporation either BY
limitation OF it, charter Of from any
cause. the liquidation Of IT. affairs
shall be conducted BY three commits
sioners selected from the stockhold-
eTs with like assent and at . meet
ing called tor that purpose - above
set forth in this article.
Said commissioners shall remain
in office until the affairs Of said COR
poration shall have been fully uQui-
dated. In case OF death OF one Of
more OF said commissioners, the ser
vtyors or survivor shal continue tc
act.
ARTICLE VII.
No stakeholder Of this corporation
shall ever be held liable Or re-
sponsible for the contracts Or faults
thereof. In any further sum than the
unpaid balance due the corporation
ON the shares OF stock subscribed
for or owned BY him, nor shall any
informally In organization have the
effect OF rendering this charter null,
or OF exposing . stockholder to any
liability beyond the unpaid balance,
IL any. OF his stock.
Thus done and passed ct my no.
tarial ONCE ct 9lidell. st. TAmmAny
Parish. La. on the day. month and
year herein tirst above written, In
the presence OF DR.. ]. K. 0rimth and
Nelson Delaune, competent Wltnes3-
60. OF lawful age. and residents Of
this parish, who hereunto sign their
names. together with said parties,
and me. Notary, after reading Of the
whole.
Original signed:
G. L. MORGAN,
10 Shares. :,
NIP. sCHNEIDER,
10 .Shares.
8. r. REDEEM, qa-
BY G. L. Morgan. S Shares.
Witnesses: Isl
NELSON DELAUNE. -, IT,.
JNO. X. GRIFFITH.
s. w. PROVENaAL.
Notary Public.
A true COPY Of the original.
8. w. PROvENSAL.
Notary Public.
| certify hat this instrument was
died for record April I. 1916. at IL
=. m. recorded April I. 1919. In
Charter Book !, page 70. ETC.. Of the
ofdcial records.
w. r. BLossMAN.
by. Clerk and 'Ex4Omcio Recorder.
ap15-6t