St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-06-02
CHAPTERS.
material ana building materials and
building supplies and to manufac-

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 az 3! 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 its
business.
To carry on and conduct the de-
signing, constructing, charging, re-
pairing, removing, remodeling, or
otherwise engaging in any work up
on buildings, and to extend and re-
ceive any contract or contracts or
assignment of contract or contracts
therefor, or 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 she'll
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 immuni-
ties now granted by law to Corpora
lions, and such additional rights,
privileges and immunities as may
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 w.
This corporation is formed for the
purpose of taking over and purchas-
ing the business Of Alexius Brothers
& Company, now conducting a gen
eral hardware. building material and
supply business at Covington, Lou
isiana, and the incorporates here
of being members of the first Board
Of Directors have valued the bust
ness, good will, fixtures, stock in
trade, accounts receivable and other
assets of said Alexius Brothers &
Company, as shown by the statement
hereto annexed and made part here
! of.
ARTICLE v.
The capital stock of this corpora
ton is hereby fixed at Five Thousand
($5,OOO.00) Dollars, divided into
| and represented by fifty 600 shares
of stock, of the par value Of One Hun
dred '($100.O0) Dollars each, pay
able in exchange for property Of
Alexius Brothers & Company, as pc,
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 amour
not exceeding Fifteen Thousand
| ($15, OO0.00) Dollars by vote O
two-thirds of all of its stock, pres
ent or represented at any meetin:
called for that purpose. Should tn
stock be increased, the stakeholder
at that time shall have thesright u
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 mad
and no stock disposed of until i
shall have first been offered to thu
Board of Directors OF this corpora
ton, who shall have drst priyileg
| to purchase the same at its booi
| value; and said Board Of Director
shall have ten (10) 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 powers Of tht
corporation and the management ant
control of its affairs shall be vestet
in and exercised by a Board of Di
rectors, composed of four a. stoan
holders, which may at the pieasur
Of the stockholders be reduced to ;
body composed Of but three Is
Stockholders Three 60 stockhold
ers shall constitute quorum for tn
transaction of all business o. sail
Board Of Directors, and any diercto
| shall have the right to appoint, b,
written instrument, another director
as his proxy, to act in his stead, a
any and all meetings of the Boar'
of Directors. The Board of Direct
or5 shall have the power and acthori
ty to make such bylaws, rules an.
regulations as may be necessary to
| he proper management of the at
fairs Of this corporation, and t.
amend and change the same as the,
| leem proper, provided same shall no
conflict with this charter, nor wit
the laws of the State Of Louisiana
nor with the laws of these Unite,
States of America, and shall have tn
power and authority to provide 70
and contract debts, borrow money
issue bonds, drafts, notes. accept
ances, execute and accept mortgages
deeds and acts. It shall have RICH
to appoint and dismiss the officer
and employees of the corporation. a
the interest and business Of the sam