St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-07-20
ing shall have been given in person
or by mail to each stakeholder.

lug S0aAA nave Oeeu given III person
or by mail to each stakeholder.
In case of absence, sickness, or
other disability to act. each stock
holder shall have the right to ap-
point a stakeholder as proxy to rep
resent him, who shall have the rights
and powers of his constituent, or he
may send his vote by letter, the sig
nature OF which must be acknowledg-
ed before a, notary public or other
officer authorized to take affidavits.
This corporation shall be a going
concern as soon as Twelve Thousand
Five Hundred ($12,500) Dollars Of
its capital stock has been subscribed
as hereinabove provided.
ARTICLE Nv.
The domicile of this corporation
shall be in the town of jacksonville,
Parish of st. Tammany, State OF Lou
isiana, and all citation or other legal
process shall be served upon the
president, and in his absence, as the
Jaw directs.
.- ARTICLE V.
All OF the powers of this corpora
ton shall be vested in, and the man
agement and control of its affairs
shall be exercised by board of di-
rectors, to be composed of not less
than five 60 stockholders, three g.
of whom shall constitute quorum
for the transaction of the business OF
the corporation, each of whom sha
own in his own right, during The
term of Office, at least one full paiu
and unpledged share of the capita
stock of this corporation.
The first board of directors of this
corporation shall be composed of
Theodore Dendinger, ST., John Den
dinger, George Dendinger, Theodore
Dendinger, Jr, and James N. Cornet.
The officers of the first board OF
directors shall be Theodore Den
dinger, ST., president; Theodore Den
dinger, Jr., vice-president; James N.
Cornet, secretary-treasurer.
The said board Of directors and the
said officers above named shall serve
and remain in office until the first
Tuesday in July, 1919, on which day,
and annually thereafter, the board
of directors shall be elected by the
stockholders at meeting called for
that purpose. All directors and Of
ticers shall hold Office until their sue
cessors are elected and qualified and
any failure to elect directors shall
not be regarded as a forfeiture of
this charter.
In the election of directors, each
stakeholder shall be entitled to one
vote for each share OF stock owned
by him and standing in his name on
the books OF the company, and may
be cast either in person or by letter.
or by duly authorized proxy, and a
majority of the votes cast shall elect,
but no vote shall be allowed on any
shares of stock transferred within
thirty 600 days prior to said cleo
ton. Any vacancy occurring in the
board of directors shall be filled by
the remaining directors for the I'M
expired term.
ARTICLE vi.
All meetings of the stockholders
shall be called by written notice,
mailed to the last known address Of
each stakeholder, not less than
fifteen (15) days before the date
fixed for such meeting, unless said
notice has been waived in writing BY
the stakeholder.
ARTICLE VII.
This act Of incorporation may be
amended, modified, changed, or al
tered, or this corporation may be dis
solved with the assent of the stock
holders holding and owning two
thirds Of the capital stock thereof,
who may be present or represented
at q general meeting of the stock
holders, convened for the purpose,
and of which due notice has been
given.
Whenever this corporation shall DC
dissolved, either by limitation u
from other cause, its affairs shall b
liquidated by two liquidators to b.
selected for that purpose from
among the stockholders at a meetins
of the stockholders convened FOL
such purpose; said liquidators shall
remain in Office until the affairs o.
said corporation shall be fully and
finally hquidated. Any vacancy oc
curing among the iQuidators, fror-
any cause whatsoever, shah be filled
by the remaining liquidator. Sad
liquidators shall exercise all the
rights conferred upon them by law
and they are especially empowered
to settle the affairs Of said corpora
tion, to collect the outstanding debts
sell and convey the property, pay it
debts, and divide the remainin
money and property among tn
ARTICLE VIII.
No stakeholder shall ever be liar
or responsible for the contracts
this corporation in any further S"
than the unpaid balance due by hir
on his shares OF stock subscribed
or owned by him; nor shall az
mere informality in the organization
OF this corporation have the effet
of rendering this charter null, or G.
any stakeholder to any fu,
ther liability than the unpaid amour
which may be due on his stock sub
scription.
ARTICLE TX.
The subscribers hereto have re-
spectively written opposite their
names the amount of stock subscrib-
ed for by them SO that this act may
also serve a. the original subscrip-
ton list Of this corporation. :.