St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-31

and the same to break and alter at
pleasure; to hold, receive, have, pur-
chase. improve, ALLEVIATE, convey, sell,
borrow, pledge. mortgage, and n.y.
pothecate, under its said corporate
name, property real, personal ana
mixed; to name and appoint such
officers, directors, agents and man
ayers or employees as the interests
or convenience of 9aid corporation
may require; to make and ssta blish
bylaws, rules and regulations for the
proper MANAGEMENT and regulation
Of its affairs, a. may be deemed nee
essary and proper, and the same to
change and alter at pleasure; and
to do all other acts and things per-
mitted by law, or as shall be neceS-
sary and proper to carry out the OBJ
jects and purposes of said corpora
ton.
Said corporation, unless sooner dis
solved, in accordance with its char
ter, shall exist and continue for
period of ninety-nine years from and
after date hereof.
ARTICLE II.
The objects and purposes for
which this corporation is organized
and the nature Of the business to be
carried on by it, are hereby declared
to be:
First-To buy, own, sell, construct,
lease and operate for the production
or manufacture Of ice, distilled
water, either wholesale or retail.
Second-To buy, own, sell. con-
struct, lease and operate cold stor-
age plant.
Third-To produce. furnish, sup-
ply and distribute electricity for
light, heat, power, and any and all
purposes for which it may be used.
and to buy. sell. build. construct.
lease and operate power houses,
poles, lines, wires and cables for the
above purpose.
Fourth-To buy, own, construct.
sell, build, lease and operate water
works plants, pipes and reservoirs,
and to supply water for public ana
private purposes, to political corpora
lions and individuals.
Fifth-To buy, sell lease and OPP
crate plants, pipes and systems for
the manufacture and distribution
and sale Of gas for all purposes.
Sixth-To buy, sell, own, lease,
construct and operate laundries,
either by hand, steam. gas or elec-
trio power.
Seventh-To buy, sell, own, con-
struct and lease and operate bottling
works for the manufacture and dis
tribution and sale Of pop. either
wholesale or retail.
Eighth-To buy, sell, own. lease,
or operate a wharf or pier in the
town of Vaudeville, La. extending
out into the waters of Lake Pom
chartrain, for passenger, freight,
boat landing, refreshment and
amusement purposes.
Ninth-To buy, sell, mortgage.
pledge, lease or suitcase, or other
wise dispose OF or cucumber the
property. real, personal or mixed. OF
this corporation. or the producta
thereof, and to do all such acts and
things as may be necessary and prop
er to carry on the objects of this cor
poratlon.
ARTICLE III.
The capital stock OF this corpora
ton is hereby fixed at the sum OF
Five Thousand One Hundred Dollars
| ($5,100.0O). divided into titty-one
| (51) shares Of the par value OF One
Hundred Dollars (s100) each. pro,
| vided, that the amount to which the
capital stock Of this corporation may
be increased shall be Twenty Thous
and Dollars ($20,0O0).
Which stock may be issued at moi
less than par value for cash, at the
time it is subscribed for, or at sucf
time as may be deemed proper by the
Board of Directors, provided thai
said stock shall be paid for in full
within twelve months after same
shall have been subscribed for, or il
payment or exchange for property
or rights actually received or pur
chased by said corporation, provid
ed that all stock certificates shall b
signed by the president and secre
tary of said corporation, and no stool
shall be issued unless the considers
ton therefor has been received b,
said corporation.
All transfers of stock shall be
made on the books of said compan!
at its office, on the surrender of thu
certificate therefor.
ARTICLE w.
The corporate powers of this cor
poration shall be vested in and OK
ercised by a Board of Directors
which shall consist of three stock
holders, a majority of two Of whom
shall constitute a quorum for thu
transaction of business. Said Di
rectors shall be elected annual.
from among the stockholders on tn
second Monday in January, com
mencing on the second Monday ii
January, 1918, as provided by law.
Within one week of their election
as above provided for, the Board o
Directors, shall elect from amonl
their number a president, vice
president and a secretary-treasurer
provided that one person may holt
the Office of both secretary and treas
urer, and all of said officers and di
rectors shall hold their respective Of
fees for a period of one year from
the date OF their election, or unit
their SUCCESSORS are elected ant
qualified. But the failure to hold
an annual election or to elect thu
officers as above provided for. shall
not result in a dissolution of THU
corporation. but the then Board O.
Directors and officers shall hold thei