St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-03-10
CHARTERS.

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Well as alter and amend, from TIM
to time, such bylaws, rules and reg
ulations for the government OF thi
affairs of said corporation, as ma!
be necessary and proper.
ARTICLE II.
The domicile of said corporation
shall be in the town of Covington
parish of St. Tammany, State Of Lou
isiana, and all citations, or other
legal process, shall be served upor
the President of said corporation, or
in the event of his absence, upon the
Vice-President, and in the absence Of
both of said officers, as the law di
reefs.
ARTICLE III.
The objects and purposes for which
this corporation is formed, and the
nature of the business to be carried
on by it, are hereby declared to be:
To acquire, purchase or lease,
lands, buildings and improvements
to conduct, carry on and operate a
hotel or hotels in Covington, Lou
isiana, or in any other locality in
the State of Louisiana and in coz
nection with the operation of same
to acquire and purchase furniture
fixtures and all necessary parapher-
MALTA and appurtenances necessary
to conduct the same; to operate in
connection Herewith dining rooms,
cafe or cafes, billiard and pool rooms
and all other compliments for the
convenience and comfort of the
guests as may be deemed advisable,
and especially to acquire the New
Southern Hotel of CovingtOn, La.
ARTICLE w.
The capital stock of this corpora
ton is hereby fixed at the sum Of
Fifteen Thousand ($15,00O.00) Dol
lars, divided into and represented by
one hundred and fifty shares of
stock of the par value of One Hun
dred ($1O0.0O) Dollars each. The
corporation shall have the right TO
increase it's said capital stock to Fiji
ty Thousand ($50,000) Dollars. di-
vided into shares Of One Hundred
($1OO.OO) Dollars each, II authoriz-
ed by meeting of the stockholders
duly called and voted for according
to law. The capital stock may DE
increased or diminished, as provided
by law. All shares of stock shall
be issued as full paid and nOn-assess-
able, and no transfer of stock shall
be binding on the corporation unless
recorded on it's books.
No stakeholder shall be liable for
any amount beyond the amount of
stock subscribed for by him in this
ARTICLE v.
All of the corporate powers of this
corporation shall be exercised by a
Board of Directors consisting of five
(5) stockholders, of whom three 60
shall constitute a quorum for the
transaction of business. The Board
OF Directors shall elect, annually.
from their number, president, vice.
president, secretary and treasurer,
or may combine the said two latter
officers in one person. The Board
shall appoint, from time to time,
such officers, agents, clerks and en-
ployees, as they may deem necessary
for the purpose of carrying on the
business of the corporation, who
shall hold Office at the pleasure of
the Board, or may employ man
ager or other designated official with
power to employ and discharge such
agents and employees as may be
deemed necessary and proper. Said
Board may make, alter and amend,
any and all bylaws and regulations
proper for the conduct and manage
ment of the business and affairs of
the corporation.
The following persons shall COM
pose and constitute the first Board
Of Directors:
L. J. Bourgeois, President, Ham
mond, La. I
Harvey E. Ellis, vice-President,
La.
Clarence E. Schonberg, Secretary
and Treasurer, Covington, La.
John P. Rausch, Abita Springs,
La, and Hermen H. Levy, Mahde-
Vile, La, Directors.
The annual meeting Of the stock
holders Of this corporation for the
election of officers shall be held On
the first Monday in March of each
year, and the Directors now chosen
to represent this corporation shall
hold their Offices until that date or
Until their successors are duly elect
ed and qualified. In case vacancies
occur during the year, same shall
be filled by the remaining Directors
or Director.
ARTICLE vi.
This charter may be modified,
changed or altered, or said corpora
ton may be dissolved, with the as
sent of stockholders owning two
thirds of the entire capital stock of
this corporation, at general meet
ing of its stockholders convened for
that purpose, after fifteen (15) days
notice shall have been given to each
mailed to his last known
address. In case Of liquidation of
this corporation, the Board of Dr.
rectors shall be the liquiiators.
may vote either in per-
son or by proxy.
ARTICLE VII.
The subscribers hereto have re-
spectively written opposite Their
names the amount of stock in this
subscribed for by each
Of them, together with their post
office addresses, so that this act of
shall serve as the
original subscription list of said cor
)oration.
Thus done and passed in my Office
at Covington, La, on this first day
IF the month of March, A. D., 1917,
in the presence of Messrs. H. =.
Horton and Holger G. Kohnke, COM
Detent witnesses of lawful age, who