St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-04-22

ceding such election in q daily paper
Of the parish Of st. Tammany II
there be one, otherwise by one puD-
Ncation at least ten days prior 70
the day of said election. And the
board of directors shall appoint one
or more stockholders to preside Ct
such election as commissioners. In
the event of the failure OF any COM
missioner or commissioners 70 ~
tend. the president shall, by Appoint
ment fill the vacancy. Any failure
from any cause whatever to elect ID
rectors the day named for that pur-
pose shall not dissolve the corpora
ton but the directors then in once,
as we'll as the officers Of said COM
pany shall hold over until their sue
cessors are chosen.
In such event the president shall
cause an election to be held within
! thirty 500 days and shall give
notice thereof as hereinbefore pro-
vided.
At every election and meeting Of
stockholders each stakeholder shall
be entitled to one vote for each
share of stock in his name and may
! vote by proxy.
| The election OF directors shall b
by ballot and a majority In amount
Of votes cast, each share OF stock
voted upon to be counted for one
vote shall elect the person or per-
sons for whom they have been cast.
After each election the board OF d.
rectors shall elect from their own
number the officers of said company.
ARTICLE v.
Tho board Of directors shall have
full power to fill vacancies in their
number caused by death, resignation
or otherwise from among the stock
holders of the corporation.
The said board shall have full con-
troll Of the property of this corpora
tion and shall so conduct, manage
and use the same as in their discre
ton they deem fit and that 10 con-
sistent with the objects Of this com
pany. or the welfare of the same.
The said board Is further Author-
lied to frame and adopt such by
laws, rules and regulations - the
affairs and business Of the corpora
ton may require and as It may deem
necessary for the conducting and
management thereof; provided the
same shall not conflict with this
charter or with the laws Of thie
state or of the United States.
The said board shall elect or ap-
point a secretary and such other of
ficers. agents, employees, servants
and clerks as 1t may deem necessary
for the conducting of the business
OF the corporation, fix their compen-
sation, term of service, with the
right to dismiss them at said boards
pleasure: and said board shall have
the right to fix and determine the
salaries Of the several officers here
in provided for. S.
- ARTICLE vi.
This charter may be changed, mod.
flied or amended, the capital stock s
increased to Twenty-Five Thouson6
Dollars ($25.o00). or this corpofa-
ton may be dissolved at general
ed for that purpose. with the assent
of three-fourths Of the entire CAPT
tai stock. whether present or repre-
sented at 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 . weekly publ
cation Of St. Tammany ariSh, Lou
isiana.
In case OF dissolution or termina-
ton Of this corporation either BY
limitation Of its charter or from any
cause. the liquidation Of it, a&Afrs
shall be conducted by three commits
sioners selected from the stockho1d-
ers With like assent and at Z meet
ing called for that purpose ~ above
set forth in this article. i aegssssss
y. Said commissioners shall re@a1n
in Office until the affairs Of said cor.
ponation shall have been fully Nqui~
dated. In case of death OF one o.
more of said commissioners, The sorSs
vivors or survivor shall continue 70
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 a stakeholder to any
liability beyond the unpaid balance.
II any, of his stock.
Thus done and passed at my mo-
tarial Office at Slidell, st. Tammany
Parish, La. on the day. month and
year herein first above written, IN
the presence of DR.. J. K. Grimth and
Nelson Delaune. competent witness
es. 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. 'ss:
Original signed: -7
c. L. MORGAN .ssa.
10 Shares.
M. p. SCHNEIDER,
10 Shares. II
s. r. REDDEN,
BY G. L. Morgan, Shares.
Witnesses: