St. Tammany farmer., 1918-10-12

person acting as such. Transfers OF
stock ahall be made only on the
books of the company and under
such rules and regulations as its
Board of Directors may prescribe.
|No stockholder of this corporation
shall ever be held liable for any OF
its faults, debts, or obligations, be-
yond the unpaid balance which may
be due on account of his stock sub
scription, nor shall informRlity In Or
Ranization subject any stockholder
to any liability beyond such unpaid
balance. The names, residences AMI
the number Of shares held by each
of the subscribers are given in the
Handwriting of each, or that of his
attorney in fact. at the end OF this
act, and the same shall serve as the
original list of subscriptions to the
capital stock Of this corporation.
ARTICLE w.
All the corporate powers of this
association shall be vested in its
Board of Directors to be composed
of not less than ten nor more than
twenty, all of whom shall be citizens
of the United States, and a majority
citizens of the State Of Louisiana.
The number necessary to form a
quorum shall not be less than one
third Of the entire board. The first
Board of Directors Of this corpora
ton shall consist of the following OF
it's stockholders, all of whom shall
hold Office as such until their suc-
cessors have been elected and quail
fed:
e. J. Domergue, w. E. M0rriss,
s. d. Bulloch, Harry Piguet. c. E.
Schonberg, L. l.. Morgan, Jacob Sell
or, Alfred Clements, of Covington; !;
Herman Levy, G. A. David, W. +.
Dinkins, Ernest Prieto, F. E. Vicks.
of Vaudeville, La; H. N. Fendlason,
Folsom, La; John P. Rausch, Abita
Springs, La; A. d. Crawford, Pearl
River, La; J. Monroe Simmons, Gov
ington, La.
The members of all subsequent
boards shall be elected by the stock
holders, annually, on the second
Tuesday of January of eacn year.
All such elections shall be by ballot
and conducted at the principal office
of the corporation, under the supei-
vision Of three commissioners ap-
pointed by the Board ct Directors foi
that purpose. Notice of any such
election shall be given publication,
in a newspaper regularly issued in
St. Tammany parish, not less than
ten days prior to such elsction.
Each stockholder shall be entitled to
one vote for each share of stock
standing in his or her name on the
books OF the corporation, to be cast
ir person or by written proxy. A
majority of the votes SO cast snail
elect. Any vacancy on the Boarl OF
Directors occurring by its stock or
represented at meeting convened
for that purpose, afte: thirty days
notice by publication and mailed as
| required by the law. Sn:h a meet
inE shall be convened by the order OF
| the Board of Directors on its own
motion, or on the written request OF
4 majority in amount Of stockhold-
ers. On the dissolution Of this cor
Doration by action of its stockhold-
ars, its affairs shall be liquidateI by
| -hree commissioners selected by a
majority of the stockholders present
| or represented at the mee6ing order
| ing such dissolution. The time and
| manner of liquidation, the compen-
| sation of commissioners, ana all
! other matters pertaining to the liqui-
dation may be fixed and determined
by q majority vote in amount of the
stockholders.
Thus done and signed at my office
| in the town of Covington, st. Tam
many parish, Louisiana, On the date
flrst above mentioned, in the pres
| ence Of Bonnie Moses and j. NJ