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

CHARTERS

CHARTERS
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stead. at any and all meetings of
the Board of Directors. The Board
of Directors shall have the power
and authority to make such bylaws,
rules and regulations as may be nee
essary for the proper management
OF the affairs of this corporation and
to amend and change the same as
they may deem proper, provided the
same shall not conflict with the pro-
visions of this charter, nor with the
laws OF the State of Louisiana, nor
with the laws of these United States
OF America, and shall have the pow
er and authority to provide for and
contract debts, borrow money, issue
bonds, drafts, notes, acceptances and
other evidences of Indebtedness and
to execute and accept pledges, mort
cages. deeds and other acts. It shall
have the right to appoint and dis
miss the officers and employees of
the corporation, as the interest and
buiness of the same may require and
to fix the amount of their compensa-
ton and the time and manner of the
payment thereof. And they shall
have the right, power and authority
to fill any vacancy arising in their
number and to do all other things
incident to the objects and purposes
OF the corporation and to vest the
president or other officer or officers
with such Of these powers as they
see fit.
ARTICLE vi.
The first election of the Board Of
Directors under this charter shall be
at meeting Of the stockholders to
be held on the second Monday in
May, 1918, at the Office of the cor
poration at Covington, parish of st.
Tammany, State Of Louisiana, and
thereafter the stockholders shall
hold q meeting annually ON the Sec
ond Monday In May, each year, at
the office of said corporation, trans
act any business coming before them;
and elect q Board Of Directors.
Notice of stockholders meeting shall
be given in writing, by mail, address
ed to each stakeholder at his usual
place of business fifteen (15) days
prior to the date of such meeting.
The election of the Board Of Direct
ors shall be by ballot, under such
rules and regulations as may be de-
termined by the Board of Directors,
and each stakeholder shalt be en-
titled to one ~ vote. either in per-
son or by proxy, for each share
owned by him, and a majority of the
votes shall elect such person or per
sons for whom they are cast. The
Directors thus elected shall cor
tinue In office for one ~ year. DR.
until their successors shall have
been duly elected and qualified. NO
failure to elect shall be regarded as "a
forfeiture OF this charter. The
Board Of Directors shall, at its first
meeting after its election, out OF its
own number, elect President, Vice
President and Secretary-Treasurer.
These officers shall hold Office until
their successors are duly elected and
qualified. Said Board of Directors,
or Its successors, may, II they so de-
sire, sub-dfvide the Office of secre-
tary-treasurer into two (2) Offices,
that of Secretary and of Treasurer.
ARTICLE VII.
Until the election to be held on
the second Monday in May, 1918, the
following named persons, stockhold-
ers OF this corporation, shall consti-
tute the first Board of Directors of
this corporation, viz:
Mr.. Abraham e. Massman, post
office Covington, Louisiana; and
Mr.. Alvin Massman, postofflce New
ORLEANS, Louisiana: and
Mr.. Solomon Massman, postofice
New Orleans, Louisiana; and
Miss Rosa Blum, postoflice New
Orleans, Louisiana; and
Miss Victoria Blum, postofllce New
Orleans, Louisiana.
With the said
Mr.. Abraham E. Massman as Pres
ident; and
Mr.. Alvin Massman, as Vice resi-
dent; and
Mr.. Solomon Massman, as secre-
tary-Treasurer.
ARTICLE VIII. =.
This Act of Incorporation may be
changed, modified or altered, or this
corporation may be dissolved, or IL
quidators may be appointed therefor.
as provided by Sections %, 20 and
30 Of Act No. 267 of the Acts of the
General Assembly of the State of
Louisiana, for the year 1914, and
other existing laws.
ARTICLE TX.
No stakeholder of this corporation
shall ever be liable for or responsible
for the contracts, faults, debts or
failure Of this corporation in any
further sum than the unpaid bal
ance due said corporation ON shares
subscribed for and owned by the said
stakeholder; nor shall any informali-
ty in the organization of this cor
poration have the effect of render
ing this charter null or of exposing q
stakeholder to any further liability
beyond the unpaid balance due on
the shares of stock owned by him.
Thus done and passed at my Of
fee in the town of Covington, parish
of st. Tammany, State of Louisiana,
on the day, month and year first
above written, in the presence Of
Mr.. ]. Monroe Simmons and Mr..
Philip Burns, competent witnesses,
residing in the parish of st. Tam
many, State of Louisiana, who signed
these presents together with said APP
bearers, and me, Notary, after due
reading Of the whole.
Original signed)
A. E. Massman, postoffice COving-
ton. Louisiana-46 shares.
Alvin Massman, post0fiice New Or