St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-07-20


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 it's 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 neces-
J 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 and
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 cleo
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 products
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 Ill.
The capital stock Of this corpora
ton is hereby fixed at the sum of
Five Thousand One Hundred Dollars
($5, 100000, divided into tifty-one
(5D shares of the par value of One
Hundred Dollars ($100) each, pro-
vided, that the amount to which the
capital stock of this corporation may
be increased shall be Twenty Thous
and Dollars ($20,000).
Which stock may be issued at not
less than par value for cash, at the
time it is subscribed for, or at such
time as may be deemed proper by the
Board of Directors, provided that
said stock shall be paid for in full
within twelve months after same
shall have been subscribed for, or in
payment or exchange for property
or rights actually received or pur-
chased by said corporation, provid-
ed that all stock certificates shall be
signed by the. president and secre-
tary Of said corporation, and no stock
shall be issued unless the considera
ton therefor has been received by
said corporation.
All transfers of stock shall be
made on the books of said company
at its Office, on the surrender of the
certificate therefor.
ARTICLE ".
The corporate powers of this cor
poration shall be vested in and ex-
ercised by a Board of Directors,
! which shall consist of three stock
holders, majority of two of whom
shall constitute a quorum for the
transaction Of business. Said Dr.
rectors shall be elected annually
from among the stockholders on the
second Monday in January, COM
mencing on the second Monday in
January, 1918, as provided by law.
Within one week of their election,
as above provided for, the Board of
Directors, shall elect from among
their number a president, vice
president and a secretary-treasurer,
provided that one person may hold
the office Of both secretary and treas
urer, and all of said officers and d.
! fectors shall hold their respective Of
fees for a period of one year from
the date of their election, or until
| their successors are elected and
qualified. But the failure to hold
an annual election or to elect the
/ officers as above provided for, shall
| not result in dissolution of this