St. Tammany farmer., 1917-05-19
CHARTERS.

ture, mine and dredge for the same;
and to deal in automobiles, motors
and vehicles Of all kinds and in all
articles and supplies used In con-
nection Herewith, including the pur-
chase and sale of all kinds of hard
ware, lumber, brick, building ma
terial, materials and supplies, auto
mobiles, motors and vehicles OF all
| kinds and all articles arl supplies
| used in connection Herewith. at
wholesale and retail; and the same,
with other property, real, personal
and mixed, movable and immovable.
to hold lease, receive, purchase, sell,
convey, ALLEVIATE, borrow, pledge,
mortgage and hypothecate, as may
be necessary to the prosecution of it's
business.
To carry on and conduct the de-
signing, constructing, charging, re-
pairing, removing, remodeling, or
otherwise engaging in any work up
on build ngs. and to extend and re-
ceive any contract or contracts or
assignment Of contract or contracts
| therefor, OF relating thereto, or con-
| Meeting or in connection Herewith.
1t shall also have power and au-
| thority to acquire, by purchase or
| otherwise, for Investment Or resale,
| and to traffic in lands, tracts of tim
Der, gravel pits, sand and shell
banks, beaches or bars, houses, kilns,
and other property, and generally
to do and perform any and all acts
and things pertaining to the business
above enumerated, connected there
with or arising therefrom or needful
in the conduct thereof, as are neces-
| sary, either in the State of Louisi-
ana, or elsewhere, and to have all
| the rights, privileges and immun1-
ties now granted by law to corpora
tions, and such additional rights,
privileges and immunities as may
hereafter be granted by law to cor
porations.
And, for the purpose of attain
ing or furthering any of its objects.
to do any and all other acts and
things, and to exercise any and all
other powers which copartnership
or natural person could do and ex-
ercise, and which now or hereafter
may be authorized by law.
ARTICLE lN
This corporation is formed for the
purpose of taking over and purchas-
ing the business of Alexius Brothers
& Company, now conducting a gen.
aral hardware, building material and
;upp.y business at Covington, Lou
isiana, and the incorporators here:
Of being members of the first Board
of Directors have valued the busi.
/ Gv%u in
trade, accounts receivable and Other
assets of said Alexius Brothers &
Company, as shown by the statemen1
hereto annexed and made part here
Of.
| ARTICLE V.
The capital stock of this corpora
t. on is hereby fixed at Five ThousaDf
($5,0OO.OO) Dollars. divided int
I and represented by fifty (o0) share:
Of stock, of the par value Of One Hun
dred ($1O0OO) Dollars each, pay
| able in exchange for property o.
Alexius Brothers. & Company, as PEI
list Of, description and valuation
| thereof, hereto annexed and made
part hereof.
All of said stock shall be com
mon stock.
The capital stock of this corpora
ton may be increased to an amoun
not exceed :ng Fifteen Thousand
i ($15,O00.0O) Dollars by a vote o
two-thirds of all of it's stock, pres
ent or represented at any meetin:
called for that purpose. Should th'
took be increased, the stOckholder!
at that time shall have the right t,
take shares in the increased capita
proportioned to the number O
shares then owned by them respec
lively.
The shares Of stock can only b.
transferred by having the transfe
recorded in the books of the corpora
ton, and no transfer can be made
and no stock disposed Of until i
shall have first been offered to tht
Board of Directors of this corpora
ton, who shall have first privileg,
to purchase the same at it's booi
value; and said Board Of Director
shall have ten (1O) days, from tn
date of said offer, within which t
purchase said stock or refuse to pur
chase said stock.
ARTICLE vi.
All the corporate power1 of HI!
corporation and the management ;slIt
control of it's affairs shall be vestet
in and exercised by Board Of Di
rectors, composed of four t4l stock
holders, which may at the pieasur'
Of the stockholders be reduced TO ;
| body composed of but three Is.
stockholders. Three (3) stockhold
ers shall constitute quorum for th'
transaction of all business o1 sa.t
Board Of Directors, and any dierc-o
shall have the right to appoint. b,
written instrument, another director
IS his proxy, to act in his stead, a
my and all meetings of the Boart
If Directors The Board Of Direct
rr1 shall have the power and authori
| to make such bylaws, rules ant
equations as may be necessary TO.
he proper management of the af
airs Of this corporation, and tt
mend and change the same as the,
leem proper, provided same shall no
onaict with this charter, nor will
he laws of the State of Louisiana
nor with the laws of these Unitel
States of America, and shall have thu
power and authority to provide fol
md contract debts, borrow money
issue bonds, drafts, notes, accept
ances, execute and accept mortgages
deeds and acts. It shall have righ
to appoint and dismiss the officer
and employees of the corporation. a!