St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-10-19

stock ahall be made only on the
books of the company and under
such rules and regulations as its
Board of Directors may prescribe.
No stakeholder of this corporation
shall ever be held liable for any OF
its faults, debts, or obligations, be-
yond the unpaid balance which may
be due on account of his stock sub
scription. nor shall informality in or
ganization subject any stockholder
to any liability beyond such unpaid
balance. The names. residences AMI
the number of shares held by each
of the subscribers are given in the
handwriting Of each, or that OF his
attorney in fact. at the end OF this
act. and the same shall serve as the
original list Of subscriptions to the
capital stock of this corporation.
ARTICLE Nv.
All the corporate powers Of this
association shall be vested in Its
Board of Directors to be composed
of not less than ten nor more than
twenty, all of whom shall be citizens
of the United States, and majority
citizens of the State of Louisiana.
The number necessary to form a
quorum shall not be less than one
third of the entire board. The first
Board of Directors of this corpora
ton shall consist of the following OF
its stockholders, all of whom shall
hold office as such until their sue
cessors have been elected and quail
fed:
4. ]. Domergue, w. E. Morriss,
s. D. Bulloch, Harry Piguet, G. y.
Schonberg, l.. l.. Morgan, Jacob Sell
or, Alfred Clements, OF Covington
Herman Levy. C. A. David, w. T.
Dinkins, Ernest Prieto, F. E. Vicks'
OF Vaudeville, La; H. N. Fendlason
Folsom, La; John P. Rauscn, Abita
Springs, La; A. D. Crawford, Pear
| River, La; J. Monroe Simmons, Gov
fington. La.
The members of all subsequent
boards shall be elected by the stock
| holders, annually, on the second
Tuesday of January Of eacn year
All such elections shall be by ballo'
and conducted at the principal oftlce
Of the corporation, under the supe.'
vision of three commissioners ap
I pointed by the Board Of Directors foi
that purpose. Notice of any suct
election shall be given publication
in q newspaper regularly issued il
St. Tammany parish, not less thar
ten days prior to such election
Each stakeholder shall be entitled tt
one vote for each share of stcci
= Tea hi ha.v n
books of the corporation, to he cas-
in person or by written proxy. Z
majority of the votes so cast snail
elect. Any vacancy on the BoarI o
Directors occurring by death, resig
nation. or otherwise, shall be filled
for the remainder of the term so va
Gated by the remaining directors
Any failure to elect directors annual
lily shall not dissolve the corporation
but the directors then in office shall
continue to serve until their sue
cessors shall have been elected ant
taualified. The board of director
named in this charter shall elect
president, one or more vlce-presl
Idents, q cashier and such officers AM
employees as they may deem neces
Isary. Each succeeding board of di
lrectors shall do the same immediate
lily after having qualified as such
1.-The board of directors is empoWere'
to appoint from its members suc]
committees as it may deem proper
and to vest, them with any OF it
powers to De exercised when tn
board is not in session, and subjec
~ anv ronnirnmonts which the boar
may prescribe. All of the officers
employees and committees shall hol'
ONCE ct the pleasure of the board o