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


time shall have the right to take
shares of the additional or increas-
ed stock, proportionate to the num-
mer OF shares owned by them, and
any shares not taken at the expira-
tion of said period may be disposed
Of by the said Board OF Directors,
for the benefit of the corporation at
not less than their par value. No
transfer of stock shall be binding
upon the corporation unless record
ed upon the books.
ARTICLE v.
All the corporate powers OF this
corporation and the management
and control of its affairs shall he
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 a vote for every share own
ed by. him, and all elections shall tbe
held under such rules and regula
lions as may be determined by the
Board of Directors. the Directors
thus elected shall continue in Office
for one year or until theiG 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 filled by the remaining d.
| rectors for the unexpired term.
The Board of Direc rs shall. at
! its first meeting after its election,
nominate out of its number q Presi-
dent, a Vice President ard Secre-
tary-Treasurer; said Board shall
have the right to divide the office OF
Secretary and Treasurer and may
elect a Secretary who reed not be 4
stakeholder, but whose tenure OF
office shall be during IT, . pleasure OF
the Board. And said Board shall
have the right to appoint and dis
miss clerks, managers, secretary and
other employees of the corporation
I
same may require. And any OF the
Directors shall have the right to ap-
fpoint by written instrument another
Director as his proxy, to act in his
stead at any and all meetings Of the
Beard of Directors.
ARTICLE vi.
Until the election to be held or
the second Tuesday in December
1913, the following named person
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 Pins
Barr, Mississippi; J. w. York, resi-
dence Onville, Louisiana; which sale
G. f. Mason, trustee, shall be Presi
dent; J. W. York, Vice President
and H. B. Collins, Secretary-Treas
urer.
ARTICLE VII. ..e4
No stakeholder shall be. liable o
responsible for the contracts, fault
and debts of said corporation, no
shall any mere informally in its or
, ganization have the effect Of render
, ing this charter null or of exposin
stakeholder to any liability be
; yond the unpaid balance due on tn
shares owned by him.
i ARTICLE VIII.
This act. of incorporation may b
: changed, modified or altered, or thi
, corporation may be dissolved wit
: the assent of the stockholders own
q ing two-thirds Of the stock of tn
D corporation at a general meetin
/ convened for that purpose and ate
at least fifteen (15) days write
notice of this meeting having bee
, given through mail addressed t
: each shareholder at his last know
4 place of residence
In case of dissolution by the q
: piration of this charter or otherwise
the stockholders shall elect two e
liquidatOrs from among their nun
| Der, to liquidate and settle the bus
ness and affairs of the company.
In case of death or disability {
: any Of said commissioners or lQu
= dators, the survivors or the remain
| luS liQ uAudlO1o dPpOAAt wv
: cessor to him.
Thus done and passed in my Of
: flee on the day, month and year flra
above written, and in the presenc
/, of G. BoudousQufe and C. Warner
competent witnesses, who have sigr
ed with said appearsrs and me, sat
> Notary, after reading OF the whole.
J. W. A. HOOD,
Onville, La.
: H. B. COLLINS,
: Pine Burr, Miss.
J. w. YORK,
Onyille, La.
G.F. MASON; Trustee,
New Orleans, La.
Witnesses:
: G. -BOUDOUSQUIE.
C. WARREN.
FL THOS. M. BURNS.
Notary Public.
A true copy.
: THOS. M. BURNS,
Notary Public.
State of Louisiana,
Parish of St. Tammany.
. I certify that this instrument Wa
filed for record January "A, 1913.
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