St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-02-16

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mer OF shares owned by them, and
any shares not taken at the expfra-
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 its affairs shall be
vested on and exercised by Board
of Directors composed OF four ca
stockholders. a majority of whom
shall constitute a quorum for the
transaction of all of the business.
The Directors shall be elected an
nuaIly 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-
tons as may be determined by the
Board of Directors. the Directors
thus elected shall continue In Office
for one year or until theis 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 d.
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 Presi-
dent, a Vice President ard a 6ecre-
tary-Treasurer; said Board shall
have tho right to divide the oface Of
Secretary and Treasurer and may
elect Secretary who reed not be q
stakeholder. but whose tenure OF
office shall be during tie pleasure Of
the Board. And said Board shall
have the right to appoint and dier
miss clerks, managers. secretary ana
other employees of the corporation
as the interests and business Of the
same may require. And any OF the
Directors shall have the right to ap.
point by written instrument another
Director as his proxy, to act In h1s
stead at any and all meetings of the
Board Of Directors.
ARTICLE VI.
Until the election to be held on
the second Tuesday in December,
1918, the following named persons
shall constitute the first Board of
Directors: G. F. Mason. trustee,
residence New Orleans, Louisiana;
w A. Hood, residence Onville, Lou
isIana; H. B. Collins, residence Pine
Burr, Mississippi; J. w. York, resi-
dence Onville, Louisiana; which said
G. f. Mason, trustee, shall be Presi-
dent; ]. w. York, Vice President,
| and H. 3. Collins. Secretary.Treas-
urer.
ARTICLE VII.
No stakeholder shall be liable OF
| responsible for the contracts, faults
and debts OF said corporation, MOI
shall any mere informality in its or
! ganization have the effect OF render
ing this charter null or OF exposing
a stakeholder to any liability be-
yond the unpaid balance due on the
shares owned by him.
ARTICLE VIII.
This act of incorporation may be
changed, modified or altered. or this
corporation may be dissolved with
the assent of the stockholders own
ing two-thirds OF the stock Of the
corporation at a general meeting
convened for that purpose and after
at least fifteen (15) days written
notice OF this meeting having beer
| given through mail addressed tc
each shareholder at his last k2oMr
place of residence
In case of dissolution By the ex
piration of this charter or otherwise
the stockholders shall elect two ca
| liquidators from among their num-
Der, to liQuidate and settle the bust
ness and affairs Of the company.
| In case of death or disability o.
any Of said commissioners or Hqui
dators, the survivors or the remain
ing liquidators shall appoint Q sue
cessor to him.
Thus done and passed IN my Of
ice on the day. month and year 1rs'
above written, and in the preeenoe
Of G. BoudousQuis and G. Warren
competent witnesses. who have D16u'
ed with said appearers and me. ea1d
| Notary, after reAding OF the whole.
W. A. HOOD,
Onville. Ia.
| II. b. COLLINS.
Pine Burr, Miss.
]. w. YORK.
| Onvills. Ia.
G. F. MASON, Trustee,
New Orleans, La.
Witnesses:
| G. BOUDOUSQUIE.
C. WARREN.
THOs. M. BURNS.
( Notary Public.
A true copy.
THoS. N. BURNS,
Notary Public.
State of Louisiana,
| Parish of St. Tammany. {
/ certify that this instrument was
fled for record January IA, 1913, at
3 p. m. Recorded January 18th,
1918, in Charter Book I, pgae 1s6,
of the official records.
W. E. BLOSSMAN,
Deputy Clerk of Court 4 Ex-Ot-
ficio Recorder.