St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-02-23

mer of shares owned by them. and
any shares not taken at the expira-
ton Of said period may be disposed
of by the said Board of Directors,
for the benefit of the corporation ct
not less than their par value. No
transfer of stock shall be binding
upon the corporation unless record
ed upon the books.
ARTICLE v.
ALI the corporate powers of this
corporation and the management
and control OF its affairs shall be
vested on and exercised by Board
of Directors composed of four ca
stockholders, a majority of whom
shall constitute a quorum for the
transaction of all of the business.
The Directors shall be elected an
nually by ballot by the stockhold-
ers, on the second Tuesday in De-
cember of each year. Each person
shall be entitled in person or by
proxy to vote for every share own
ed by him, and all elections shall he
held under such rules and regula-
tons as may be determined by the
Board of Directors. the Directors
thus elected shall continue in office
for one year or until theis successors
have been duly elected and qualified.
No failure to elect shall be regarded
as forfeiture of this charter. Any
vacancy occurring on said Board
shall be filed by the remaining d.
rectors for the unexp1red term.
The Board of Direc:,rs shall. at
its first meeting after its election.
nominate out Of it's number Presi-
dent, Vice President ard Secre-
tary-Treasurer; said Board shall
have the right to divide the Office of
Secretary and Treasurer and may
elect Secretary who reed not be a
stakeholder, but whose tenure of
office shall be during tie pleasure OF
\ the Board. And SAID Board shAN
have the right to appoint and dis
miss clerks, managers, secretary and
other employees of the corporation
as the interests and business OF the
same may require. And any OF the
Directors shall have tho right to ap-
ipoint by written instrument another
Director as his proxy. to act in his
stead at any and all meetings Of the
| Board Of Directors.
ARTICLE VI.
Until the election to be held on
the second Tuesday in December,
1913, the following named persons
shall constitute the first Board OF
| Directors: G. F. Mason, trustee,
| residence New Orleans, Louisiana;
W. A. Hood, residence Onville, Lou
isiana; H. B. Collins, residence Pine
Burr, Mississippi; J. W. York, resi-
| dence Onville, Louisiana; which said
G. F. Mason, trustee. shall be Presi-
dent; J. W. York, Vice President,
and H. B. Collins, Secretary-Treas-
urer.
! ARTICLE VII.
No stakeholder shall be liable OF
responsible for the contracts, faults
and debts of said corporation, nor
shall any mere informality in its or
ganization have the effect OF render.
ing this charter null or OF exposing
a stakeholder to any liability be-
yond the unpaid balance due on the
shares owned by him.
| ARTICLE VIII.
| This act of incorporation may be
changed, modified or altered, or this
corporation may be dissolved with
the assent OF the stockholders own
ing two-thirds OF the stock Of the
corporation at general meeting
convened for that purpose and after
at least fifteen l5) days written
notice of this meeting having been
given through mail addressed to
each shareholder at his last known
place OF residence
In case OF dissolution by the Ok
piration of this charter or otherwise
the stockholders shall elect two CD
Illquidators from among their num-
Der. to liquidate and settle the bust.
ness and affairs Of the company.
In case of death or disability OF
any Of said commissioners or uQui-
dators, the survivors or the remain
ing liQuidators shall! appoint 4 sue
cessor to him.
Thus done and passed in my Of.
f1ce on the day. month and year frat
above written. and in the presence
Of G. BoudousQule and G. Warren.
competent witnesses, who have sign
ed with said appearers and me. said
Notary, after reading OF the whole.
w. A. HOOD.
Onville. La.
H. B. COLLINS,
Pine Burr, Miss.
J. W. YORK.
Onville. La.
CT. MASON. Trustee,
New Orleans, La.
Witnesses:
G. BOUDOUSQUIE.
| C. WARREN.
THOS. M. BURNS.
Notary Public.
A true copy.
THOS. M. BURNS,
Notary Public.
/ State of Louisiana, !
Parish OF st. Tammany. {
l certify that this instrument was
hled for record January IA, 1918, at
p. m. Recorded January 18th,
1918, in Charter Book l, pgae 1876,
Of the official records.
W. E. BLOSSMAN,
Deputy Clerk Of Court & Ex-Of-
ticio Recorder.
ja19-6t