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

ture, mine and dredge for the same;
and to deal in automobiles, motors
and vehicles of all kinds and in al
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 al
kinds and all articles ard supplies
used in connection Herewith, al
wholesale and retail; and the same
with other property, real, personal
and mixed, movable and immoyable
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, OF
otherwise engaging in any work up.
on buildings, and to extend and re-
ceive any contract or contracts III
assignment of contract or contracts
therefor, Of relating thereto, or con-
Meeting or in connection Herewith.
1t shall also have power and au.
! thority to acquire, by purchase OF
otherwise, for investment or resale
and to traffic in lands, tracts of tim
Der, gravel pits, 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
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
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 a copartnership
or natural person could do and ex-
ercise, and which now or hereafter
may be authorized by law.
ARTICLE Nv.
This corporation is formed for the
purpose of taking over and purchas-
ing the business of Alexius Brothers
& Company, now conducting 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
dred ($1OO.OO) 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, OOO.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
stock be increased, the stockholders
at that time shall have the right to
take shares in the increased capital
proportional 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 it
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 book
values and said Board of Directors
shall have ten (1O) days, from the
date of said offer, within which to
purchase said stock or refuse to pur-
chase said stock.
ARTICLE vi.
All the corporate powers of this
corporation and the management and
control of its affairs shall be vested
in and exercised by a Board Of Dr.
rectors, composed of four (4) stock
holders, which may at the pleasure
of the stockholders be reduced to a
body composed of but three Isl
stockholders. Three 60 stockhold-
ers shall constitute quorum for the
transaction of all business o. saiG
Board of Directors, and any dierctor
shall have the right to appoint, by
written instrument, another director,
as his proxy, to act in his stead, at
any and all meetings of the Board
of Directors. The Board of Direct
ors shall have the power and aCthori~
ty to make such bylaws, rules and
regulations as may be necessary for
the proper management of the af-
fairs of this corporation, and to
amend and change the same as they
deem proper, provided same shall not
conflict with 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
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 dismiss the officers
and employees of the corporation. as
the interest and business of the same