St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-05-26
CHARTERS.

building supplies ana to manufae-
turs, mine and drsdks for the sans.
and to deal in automobiles, motors
and vehicles Of all kinda 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 supplies
used IN connection Herewith, at
Wholesale and retail; and the same,
with other property. real, personal
and mixed, movable and fmmovable.
to hold lease, receive, purchase, sell,
convey, ALLEVIATE, borrow, pledge.
mortgage and hypothecate, as may
)e necessary to the prosecution OF its
BUSINESS.
To carry on and conduct the de-
gnine, construct .ng, charging, re-
airing, removing, remode- ns, o.
helw.se engaging in any worh up
4 build ng-, and to extend and re
eve any contract or. contracts
ssiHnment Of contract or contrac,s
herefor, 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
GER, gravel pts, 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 al
the rights, privileges and immuni-
ties now granted by law to corpora
lions, 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 further:ng any Of Its objects;
to do any and all other acts and
things, and to exercise any and all
other powers which a 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 Alexius Brothers
Z Company, now conducting gen.
raj hardware, building material and
upp,y business at Covington, Lou
lana, and the incorporators here
# being members of the first Board
# Directors have valued the bust
TESS, good will, fixtures, stock in
rade, accounts receivable and other
issets OF said Alexius Brothers &
Company, as shown by the statement
lereto annexed and made part here
OF.
ARTICLE V.
The capital stock Of this corpora
ton is hereby fixed at Five Thousand
($5,OOO.0O) Dollars, divided into
and represented by fifty (50) shares
OF stock, of the par value of One Hun
dred ($1OO.0O Dollars each, pay
able in exchange for property of
Alexius Brothers accompany, 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
l$15, o0O.OO) Dollars by a vote OF
two-thirds of all Of its stock, pres
ent or represented at any meeting
| called for that purpose. Should the
took be increased, the stockholders
at that time shall have the right 70
take shares in the increased capt. Al
proportioned to the number OF
shapes then owned by them respec-
| lively.
The shares OF stock can only be
inferred by having the transit
ecorded in the books of the corpoia-
on, and no transfer can be made
and no stock disposed of until il
shall have first been offered to the
Board of Directors of this corpora
| ton, who shall have first privi.egt
| to purchase the same at its book
value; and said Board Of Direct 'rs
shall have ten (l0) days, from the
date of said offer, within which &c
purchase said stock or refuse to pur-
| chase said stock.
| ARTICLE vi.
All the corporate powers Of til i
corporation and the management. and
control of its affairs shall be vested
in and exercised by Board of Di-
ectors, composed of four az sto:H'
! holders, which may at the pieasu1:
If the stockholders be reduced to q
body composed of but three lal
stockholders. Three CD stockholG-
RS shall, constitute a quorum for the
-ansaction of all busilers OF sac
,oard of Directors, and any 1iereto1
h'll have the right to appoint. b.,
r.tten instrument, another director
his proxy, to act in his stead, at
and all meetings OF the Board
Directors. The Board OF Direct
shall have the power and aCthori
to make such bylaws, rule and
gulat,ons as may be necessary for
proper management OF the at
airs of this corporation, and re
mend and change the same as the.
Gem proper, prov ded came shall not
onfict with this charter, nor with
he laws of the State of Louisiana
| Tor. with the laws Of these United
.:tates of America, and shall. have the
power and authority to provide for
and contract debts, borrow money
issue bonds, drafts, notes, accept
ances, execute and accept mortgages
deeds and acts. 1t shall have right
| to appoint and dismisssskhe officers
and emnloyooa ~ the scnrI)0ratiOn az