St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-24


ayers or employees as the interests
or convenience of said corporation
may require; to make and establish
bylaws, rules and regulations for the
proper MANAGEMENT and regulation
| OF its affairs, as 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 necesr
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 a
| 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 and
private purposes. to political corpora
lions and individuals.
Fifth-To buy. sell lease and oD-
crate plants. pipes and systems FOL
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 cleo
trio power.
| Seyenth-To buy, sell, own, con
struct and lease and operate bottlinf
works for the manufacture and dis
tribution and sale of pop, either
Wholesale or retail.
Eighth-To buy. sell, own. lease
or operate q wharf or pier in tnt
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. o.
this corporation. or the product
thereof, and to do all such acts ano
things rs may be necessary and prop
or to carry on the objects Of this cor
porat1on.
/ ARTICLE Ill.
The capital stock OF this corpora
ton is hereby fixed at the sum o.
Five Thousand One Hundred Dollar:
($5,1O0.00), divided into fifty-ont
(51) shares Of the par value OF One
Hundred Dollars ($100) each, pro
vided, that the amount to which the
capital stock of this corporation ma,
be increased shall be Twenty Thous
and Dollars (s20,000).
Which stock may be issued at no
less than par value for cash, at thu
time it is subscribed for, or at sucl
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 propert,
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 stocl
shall be issued unless the considera
ton therefor has been received b,
said corporation.
All transfers of stock shall be
made on the books Of said company
at its office, on the surrender of thu
certificate therefor.
ARTICLE w.
The corporate powers of this cor
poration shall be vested in and ex
ercised by Board of Directors
which shall consist of three stock
holders, majority of two of whom
hall constitute a quorum for the
transaction of business. Said Di
ectors shall be elected annual,
from among the stockholders on thu
second Monday in January, com
nencing 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 among
their number a president, vice
president and a secretary-treasurer
provided that one person may hole
, the ONCE Of both secretary and treas