St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-02-19
The ST. TAMMANY FARMER. Fee. "a 1eI6

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N that -case majority OF tho nun
,oeE ct, the. Board OF Directors sha1
constitute quorum thereof. Sai
1Boarq OF Directors shall be siected O.
the third Monday in February Q
each year commencing with the yea
Fl917. and shall Immediately ate
the election elect from among thei
number President, q Vice Presi
dent, and Treasurer, eacn OF WHOM
Eshaa be stakeholder. They shall
Also elect Secretary who may O
may not be . stockholder. or tn
Treasurer may hold both Offices o
Secretary and Treasurer. Eacl
stakeholder shall be entitled, in per
son or by proxy, to one vote fo
every share Of stock owned by hin
Or her.
/ ALI elections shall be by ballot
and held at the ONCE OF said corpora
zion, and under the superintendent,
Vt two commissioners to be appoint
ed for that purpose by the Board o.
Directors.
The majority of votes cast shall
elect said Board Of Directors, who
with the officers thereof, shall cen
tinue in Office until their successor.
| aave been elected and qualified
| Notice Of the election Of the Board Of
Directors shall be given by publica
zion in one newspaper published al
| The domicile Of the corporation AM
= written notice to the last know
address OF each stakeholder for q
period Of at least fifteen days pre-.
vious to said election. The first cleo
ton of the Board Of Directors under
this charter shall take place on the
third Monday in February, 1917. un.
til which time, or until their success
sors shall have been duly elected and
qualified, the following persons shall
constitute the first Board of Direct
ors, namely: L. r. Sassinoi. l412
Orleans street, New Orleans, Lou
isiana; NJ. Nielsen. Coyington, Lou
!siana; e ". Richard, Covington,
Louisiana; A. H. Grimmer, Coying-
ton, Louisiana, and A. X. Smith,
Covington, Louisiana, of whom L. r.
Sassinot is President, n. Nielsen,
Vice PRESIDENT; A. H. Grimmar, Sec
Rotary, and E. V. Richard, Treas
prer.
The failure from any cause to
elect Directors ON the day stipulated
shall not dissolve this corporation,
but the officers and directors then
in Office shall hold over until their
successors have been elected and
qualified. In the event of failure to
hold the election on the day stipulat-
oh -
election Immediately with fifteen
days notice as hereinaboye provided.
Any Director shall have the right to
vote on all questions before . the
board either in person or by proxy:
the person holding the same to be
counted in place OF the absent MEM
Der. The Board Of Directors shall
nave the power to fill any vacancies
occurring in its membership from
among the stockholders Of the cor
poration. They shall have full con-
troll OF the property of this corpora
ton and shall conduct and manage
its business. They shall appoint
such effaceFs,s agents, managers, en-
pl0yees, servants and clerks as may
be necessary for the conducting Of
the business affairs Of the corpora-
ton, shall FIX their compensation,
and shall have the right to dismiss
shem at pleasure, and nay make and
establish as weM as alter and amend
any and all bylaws. rules and regu-
lattons for the. conduct, support and
management OF the business and at
fairs of the corporation. Said Board
Of Directors shall have full power to-
contract debts, borrow money, issue
notes, bills aof sxchanees bonds, and
-otheE obligations, execute and grant
-muftS&kes y and receive same, and
genefal1y to do all things necessary
Tor the conduct OF the business, and
s5hat1 hava; full power to issue and
deliver full paid shares Of stock for
cash or property received, services
performed. or labor done. All cer-
tificates Of stock Of this corporation
after having been duly ordered issu-
ed by the. Board Of Directors shall
bear the seal Of this corporation,
and be signed by the President and
secretary, and In the absence Of the
President then signed by the Vice
President.
ARTICLE VII.
This charter or act Of incorpora-
ton may be changed, modified or
amended or this corporation may be
dissolved at = general meeting Of the
convened for that pur-
pose with the consent OF three
fourths Of the capital stock present
or represented at such general meet
ing. In case of the dissolution o:
this corporation, either by limitar
ton !. of this charter or from any
cause, It's affairs shall be lquidated
by three commissioners selected i.
the stockholders at c general meet
ing held as above set forth. The
said commissioners shall remain In
Office until the affairs Of the corpora
ton shall have been fully liquidated.
In case Of death or incapacity Of one
or more Of the Commissioner the
survivor r survivors shall continue
to act. Said liquidators are hereby
invested with full power to sell any
and all assets and property. both real
and personal Of the corporation, and
give and grant full and complete title
thereto, and shall have full power
and authority to do and perform all
things necessary. useful and proper
to wind up and iQuidate its affairs
and distribute IT. proceeds, il any,
among tho nfnckhn1dore