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

or elsewhere; and generally to dc
and perform any and all things nee
essary or incidental to or apper-
tanning to the aforesaid objects and
purposes. or any of them.
ARTICLE Nv.
The amount OF the capital stock OF
this corporation is hereby declared
TO be Ter Thousand l$lO,0V0) Dol
lars, which shall consist OF one nun
dred shares OF the par value OF une
Hundred Dollars per share; all OF
which shall be subscribed tor De1cre
the ming OF the articles OF incor-
poration; and AL of said STOCK SO
subscribed tor shall be paid tor eth
er III money or property received or
labor done for said corporation, a.
SucA times as the Board OF Dlrec-
tors snail determine.
! The amount to which the capital
stock may be increased shall be One
Hundred Thousand l$10O,0OO) Dol
lars.
ARTICLE v.
All the powers OF this corporation
kshall be vested in and the business
ana aHairs OF the corporation man
aged Dy d boar0 OF Iour Directors,
VINO snail be elected annually at
meeting OF the stockholders on the
Arsl MONDAY OF April OF each year;
| the hEst Board OF Directors to serve
Tor the hrSt year, or until their sue
| ceSSors snalI De elected and Qualined.
Inc nrsL Board OF Directors snail
| CONSIST OK Morgan Jones, Charles
! hosen, Horace b. Turner, ana TO-
4aAu ooAes, with Morgan Jones as
11esluent, Charles kosen as Vice
| rresiueAt, horace u. Turner as Sec
relary; ana koland Jones as Treas
urei, VINO shall hold their oMces un-
III lne14 successors are elected and
QuaIlAed.
All elections shall be by ballot at
the once OF the company, under the
supervision OF two commissioners to
De appointed by the Board OF Di-4
rectors. Notice OF such meetings
shall be given by the Secretary IN
writing, delivered to each stOckaold-.
er in person or mailed to his last
known address at least fifteen days
prior to such election, but the notice
may be waived by all the stockhold-.
ers. At all such elections and at
all meetings Of the stockholders,
every stakeholder shall be entitled
to one vote for each share OF stock
standing in his name on the books
OF the company on the date Of such
election or meeting; said votes to
be cast in person or by written
proxy, and majority OF the votes
cast shall elect.
The failure to hold the annual
meeting or to elect directors shall
not dissolve or affect the corporation
nor impair its management in any
respect, but the directors in Office
shall remain in office until their sue
ceSsors are elected and Qualihed.
Each subsequent Board Of Directors
their own election a President,
Vice-President, a Secretary, and a
Treasurer; or may unite the two lat
ter ot1lces into one; and may APP
point and elect such other officers.
agents. or employees as the Board
OF Directors may deem proper. and
may grant to each officer such pos
ers as they may deem proper.
All vacancies in the Board for
whatever cause shall be filled by tn.
remaining Directors.
Any member of the Board may ap-
point any other person his proxy to
act in his place and stead at any
meeting Of the Board.
Said corporation shall have the
right to purchase any business or
businesses within the objects and
purposes Of this corporation and to
pay therefor such price as the Board |
OF Directors shall determine.
- The, Board Of Directors may make
and amend all necessary bylaws for |
the regulation of the company. |
:; IS. ARTICLE vi.
This act of incorporation may be
modified, changed or altered, or said
corporation may be dissolved with
the assent of two-thirds of the CAPT. |
tai stock outstanding at a meeting
of the stockholders convened for
that purpose and after fifteen days
notice has been delivered in person |
or given by letter. mailed to the last |
known address Of each stakeholder.
The said notice may be waived by
the unanimous consent of all tht |
stockholders.
In case of the dissolution of the
corporation, its affairs shall be iQui-
dated by two commissioners elected |
by the stockholders.
ARTICLE VII.
No stakeholder shall ever be held |
liable for faults or contracts Of this |
in any further sum than |
the unpaid balance due to the cor
poration on the shares owned by
him; nor shall any mere informally
have the effect OF rendering the char
ter null or of exposing any stock
holder to any liability beyond the
unpaid balance due ON his stock.
The subscribers hereto have re-
spectively written opposite their
names the amount of stock subscrib-
ed by them in this corporation. so
that this act of incorporation may
also serve as the original subscrip-
ton list of the corporation, and
they have stated their post Office ad-
dresses so as to conform with Act
No. 267 of 1914, as follows:
Morgan Jones, Abilene, Texas.
Roland Jones, Honey Island, La.
Charles Rosen, New Orleans, La.
H. B. Turner. New Orleans, La.
Thus done and passed at my Office
in the city of New Orleans, State Of
on the day, month and
year first above written, in the pres