St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1916-02-12

board either in person or by proxy;
the person holding the same to he
counted in place Of the absent mem.
Der. The Board of Directors shall
have 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
it's business. They shall. appoint
such officers, agents, managers, en-
gployees, 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
them at pleasure, and may make and
establish as we'll as alter and amend
any and all bylaws, rules and regu-
lations for the conduct, support and
management of the business and af-
fairs Of the corporation. Said Board
of Directors shall have full power to
contract, debts. borrow money, issue
notes, bills Of exchange, bonds, and
other obligations, execute and grant
mortgages and receive same, and
generally to do all things necessary
for the conduct OF the business, and
shall have full power to issue and
deliver full paid shares Of stock for
cash or property received, services
performed. or labor DONE. All GER
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
stockholders convened for that pur-
pose with the consent of three
f0urths of the capital stock present
or represented at such general meet
ing. In case Of the dissolution o.
this corporation, either by limita-
ton of this charter or from any
cause, its affairs shall be liQuidated
by three commissioners selected y.
the stockholders at general meet
ing held as above set forth. The
Office until the affairs Of the corpora
ton shall have been fully NQuidated.
In case of death or incapacity of one
or more of the Commissioners the
survivor or 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 liquidate its affairs
and distribute its proceeds, II any,
among the stockholders.
ARTICLE VIII.
No stakeholder shall ever be held
Liable for the contracts, faults or
debts of said corporation, or shall
any mere informality render this
charter void or expose the stock
holder to any liabilities beyond the
unpaid balance. II any IL due said
corporation on shares owned by him.
Thus done and passed in my Office
In the town of Covington, parish of
st. Tammany, State OF Louisiana, on
the day and month above written, in
the presence of r. G.. Noise and A.
]. Finney, both competent witnesses
OF legal age. who signed their names,
NIT II =