St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-03-03
CHARTERS.

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waiver of such notice is signed by
the Directors. Any vacancy occur
ring in the Board of Directors. eth
er from death, resignation or in
ability to serve, shall be oiled by the
remaining Board Of Directors at its
next regular meeting after such va
cancy shall have occurred. The
first Board of Directors Of this cor
poration shall be required to draft
suitable bylaws for the government
of this corporation, which may be al
tered, amended or changed as the
exigencies of the case may require.
ARTICLE VII.
The stock of this corporation may
be transferred, provided such trans
fer shall be recorded on the books
of this corporation before it shall
be required to recognize the trans
fer of the new holder of the stock.
The total amount of the subscribed
stock, as herein set forth, is the
sum of Ten Thousand ($1O,O0O)
Dollars, or One Hundred (1OO)
shares, which are hereby authorized
to be fully paid for and non-assess-
able, for cash.
In the event that any stakeholder
desires to sell his stock, or any part
thereof, he shall first offer same to
the remaining stockholders, In pro-
portion to their respective holdings,
at its book value. This offer is to 6e
made to appear by letter addressed
to each stakeholder at his last known
address, giving thirty days option.
At the expiration of which time, the
said stakeholder desiring to dispose
of his stock, shall be at liberty to
sell at whatever price and to whom
he shall please.
ARTICLE VIII.
This charter may be modified or
altered, the capital stock thereof in
creased or decreased, or the corpora
ton may be dissolved with the as
sent of three-fourths of the capital
stock present or represented at any
meeting of the stockholders held 70,
that purpose, after prior notice in
writing to each stakeholder, or mail
ed to him at his last known post
Office address, all in accordance with
the terms of Act 267 of 1914. y
ARTICLE TX.
At the expiration of this charter
or the earlier dissolution Of this
corporation for any cause, its affairs
shall be liquidated by one or more
liquidators to be elected by the
stockholders. all of whom shall hold
stock in this corporation, and said
liQuidators are hereby vested with
full power and authority to liqui-
date the affairs of said corporation,
with full power to act under the
terms of Section 30 of Act 267 Of
1914.
ARTICLE X.
The appearers hereby declare that
they have subscribed to the follow
ing number of shares of the capital
stock of this corporation, to-wit:
Clement B. Penrose, No. 401 Au-
dubon street, New Orleans, Louisi-
ana, forty-four CAD shares.
John NJ. Lionnet, No. 935 Carroll
ton avenue, New Orleans, Louisiana,
one ~ share.
Victor B. Macksey, Pearl River,
fifty (5O) shares.
Norvin T. Harris, No. $50 Audu-
bon street, New Orleans, Louisiana,
five (5) shares.
All of which shall be paid in cash.
Thus done and passed at my office
in this City of New Orleans, Louisi-
ana, on the day, month and year
first written. in the pres
ence of Messrs. Francis P. Burns
and Arthur Ryan, competent wit
nesses, who hereunto sign their
together with the said ap-
bearers, and me. Notary, and the
said appearers have also set oppo-
site their names the number of
shares subscribed by them, all after
due reading of the whole.
(Original signed)
GLEN. B. PENROSE.
Forty-four (44) Shares.
]. M. LIONNET.
One ~ Share.
N. IT. HARRIS,
Five (5) Shares.
v. B. MACKSEY,
Fifty (5O Shares.
Witnesses:
FRANCIS p. BURNS.
ARTHUR RYAN.
JOHN r. UPTON,
Notary Public.
I, the undersigned Dy. Clerk of
Court and Ex-Officio Recorder of
Mortgages in and for the Parish of
st. Tammany, Safe Of Louisiana, do
hereby certify that the above and
foregoing Act of Incorporation of the
Pearl River Veneer Company, Inc,
was this day duly recorded in my
office in Book 1, folio 80, etc.
Covingt n La, Jan. 5, 1917.
w. E. BLOSSMAN,
Dy. Clerk and Ex- Officio Recorder.
A true copy.
New Orleans, La, Jan. 2, 1917.
JOHN r. UPTON,
ia 1-6t Notary Public.
CHARTER
of the
2TAN(1A MEyFRNA NTH n COMPANY