St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-01-26

ed stock, proportionate to the num-
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 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 it's affairs shall be
vested on and exercised by a Board
Of Directors composed OF four (4)
stockholders, a majority OF whom
shall constitute quorum Tor the
transaction of all of the business.
The Directors shall be elected an
nualiy 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 be
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 thais 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 Di-
rectors for the unexpired term.
The Board of Direc rs shall, at
/, it's first meeting after its election,
nominate out of it's number Presl-
dent, a Vice President ard a 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 a
stakeholder, but whose tenure OF
office shall be during IL. pleasure OF
the Board. And said Board shall.
have the right toSappoint and die
miss clerks, managers, secretary and
other employees Of the corporation
as the interests and business of the
same may require. And any OF thu
Directors shall have the right to ap
point by written instrument anothel
Director as his proxy, to act in hi
stead at any and all meetings OF thu
board of Directors.
ARTICLE vi.
Until the election to be held OF
the second Tuesday in December
l9 5, the following named person
2 shall constitute the first Board o
Dir ectors: G. F. Mason, trustee
res ilence New Orleans, Louisiana
w. A. Hood, residence Onville, Lou
siana; H. 3. Collins, residence Pin
Burr, Mississippi; J. w. York, res
| dence Onvi-le, louisiana; which sal
G. L. Mason, trustee, shall be Pres
| dent; j. w. York, Vice Presiden
and H. B. Collins, Secretary-Trea:
urer.
II ARTICLE VII.
No stakeholder shall be liable
responsible for the contracts, faul
and debts OF said corporation, NJ
y shall any mere informally in its o
., ganization have the effect of rende
c. ing this charter null or OF exposl1
"a a stakeholder to any liability D
te yond the unpaid balance due on tt
> shares owned by him.
ARTICLE VIII.
D. This act of incorporation may
lg changed, modified or altered, or tn
Le corporation may 'be dissolved wi
~ the assent OF the stockholders oW
va ing tWo-thirds OF the stock OF t
So corporation at general meetll
~ convened for that purpose and att
,s at least fifteen G5) days writ
- notice Of this meeting having be
40 given through mail addressed
O. each shareholder at his last know
On place OF residence
In case Of dissolution by the {
~ piration Of this charter or otherwi
- f.' the stockholders shall elect two
" liouidators from among their nu
Der, to liquidate and settle the bu
ness and affairs OF the company.
>. In case OF death or disability
~ any OF said commissioners Or liq
ne dators, the survivors or the rema
ia ing liquidators shall appoint q
x" cessor to him.
"a Thus done and passed in my
~ fee on the day, month and year ii
ue above written, and In the prese1
Ie, Of G. Boudousquie and c. War;
Au competent witnesses, who have Sill
u ed with said appearers and me, .;
~ Notary, after reading OF the Who'll
se,' w. A. HOOD,
to Onville, La
ga H. B. COLLINS.
IN Pine Burr, Miss
nu J. w. YORK,
no Onville. La
.ay G. f. MASON, Trustee,
sn New Orleans, La
IN G. BoUDoUsQUIE.
on G. WARREN.
Mt. THOS. M. BURNS.
Notary Public
on A true copy.
NJ THOS. M. BURNS,
ia Notary Public
be State OF Louisiana
hle Parish of St. Tammany
~ I certify that this instrument ,
filed for record January IA, 1918,
3 D. m. Recorded January 4
1918, in Charter Book /, pgae l
~. OF the oficia! records.
'eu w. E. BLOSSMAN.
w Deputy Clerk Of Court & Ex-Of