St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-05-12
CHARTERS.

DullQlnS4 supplies auO " uoA
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 ar p, 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, enlarging, 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, O: 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
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
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 ".
This corporation is. formed for the
! purpose of taking over and purchas-
| ing the business of ATexius Brothers
& Company, now conducting a gen
eral hardware, building material and
supply business at Covington, Lou
| isiana, and the incorporators 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.Oo) Dollars, divided into
and represented by fifty (5O) shares
! of stock, of the par value of One Hun
bred ($10OO0) Dollars each, pay
able in exchange for property OF
Alexius Brothers & Company, as per
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 amount
not exceeding Fifteen Thousand
($15,O0O.O0) Dollars by vote OF
two-thirds of all of its stock, pres
ent or represented at any meeting
called for that purpose. Should the
stock be increased, the stockholders
at that time shall have the right tc
take shares in the increased capital
proportioned to the number OF
shares then owned by them respec.
lively.
The shares of stock can only be
transferred by having the transfer
recorded in the books of the corpora
ton, and no transfer can be made
and no stock disposed of until II
shall have first been offered to the
Board Of Directors of this corpora
ton, who shall have first privilege
to purchase the same at its boob
value; and said Board of Directors
shall have ten (1O) days, from the
date of said offer, within which te
purchase said stock or refuse to pur
chase said stock.
| ARTICLE VI.
All the corporate powers of tn:
| corporation and the management ;lne
control of its affairs shall be vested
in and exercised by Board Of Dl
rectors, composed of four az stock
holders, which may at the pieasur.
of the stockholders be reduced to {
body composed of but three 80
stockholders. Three (3) stoekhold
ers shall constitute quorum for the
transaction of all business o. sait
Board of Directors, and any diercto1
shall have the right to appoint. b!
written instrument, another director
as his proxy, to act in his stead, a.
my and all meetings Of the Boart
Of Directors. The Board OF Direct
ors shall have the power and acthori
Y TO make such bylaws, rules ant
regulations as may be necessary fol
he proper management Of tie at
airs of this corporation, and tt
amend and change the same as the.
1eem proper. provided same shall no
conflict with this charter, nor will
he laws Of the State Of Louisiana
nor with the laws of these Unitet
States of America, and shall have thu
power and authority to provide TO
and contract debts, borrow money
issue bonds, drafts, notes, accept
ances, execute and accept mortgages
deeds and acts. 1t shall have RICH
to appoint and dismiss the officer
and employees of the corporation. a
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