St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1919-11-29

legal process snail De served.
ARTICLE II.
The objects and purposes for
which this corporation is organized,
and the nature of the business to 5e
carried on by it, are declared to be
the following, to-Wit:
To construct, operate and maia-
tain saw mills, planning mills; to CO
a general saw mill business, includ-
ing piling and all other kinds Of
wood products, including turpentine
and retort plants; to operate cam
missary and store business in con-
nection Herewith and generally to
do and perform any and all acts and
things pertaining to the business
above enumerated or connected
| Herewith, or arising therefrom In
this state and elsewhere; to purchase
and sell lands and timber, and to en-
gage in any enterprise in any wise
connected with or relating to the
land and timber business; to sell and
export timber, lumber and all forest
products; to build, repair and dock
vessels; to acquire, own and operate,
and to charter or lease, and to sell
vessels of every description; to con-
struct, own, operate, build and lease
| railroads and tram roads; to con-
struct, own and operate docks,
! harves and warehouses; to buy,
| have, own, and sell steel, iron and
| ere; to hold, receive, hire, purchase,
| lease, suitcase, sell, convey or eA-
change property, both real and per
I mr. tn nrtp o O.
| cate the same; to borrow or lend
money; to appoint managers, officers,
agents and employees in the State
CT Louisiana and other States, as lis
interests may require; to do and
perform all other things requisite,
necessary or convenient to enabel it
to carry out the objects and pur-
poses above set forth.
| ARTICLE III.
The capital stock of this corpora
| ton shall be the sum of twenty-five
thousand ($25,000) dollars, divided
into and represented by two hundred
and fifty (250) shares of the par
value of one hundred ($100) dollars
each, which stock shall be paid for
in cash, or the same may be issued
and delivered in payment for actual
services rendered the company, or in
| exchange for property or rights
| transferred to or received by said
company; but no stock shall ever be
issued or delivered except at its par
| value for cash, or for services actual
ly rendered, or property actually
transferred.
The capital stock of this company
| may be increased or decreased by
complying with teh laws of the State
of Louisiana providing for the in
crease or decrease of the stock OF
corporations.
Any stakeholder may sell, assign
or transfer his stock in this COR
poration provided thirty 600 days
prio rnotice of such intention to sell
assign or transfer the same be given
the company. The company shall
have first privilege of purchasing
same, after which notice the said
stock may be sold in open market.
The capital stock Of this company
shall be nonassessable, and transfer
able only on the books Of the COM
pany, subject, however, to the laws
relative to the delivery of stock GER
titicates.
This corporation shall be authoriz-
ed to commence doing business AS
soon as fifteen thousand ($15,0O0)
dollars of the capital stock shall have
been usbscribed for.
The board of directors shall have
the right to determine how much
stock shall be issued.
ARTICLE w.
The corporate powers of this COM
pany shall be vested in and exercised
by board of directors, which shall
Je composed of three stockholders of
this company. Said board of direct
ors shall be elected annually by the
stockholders on the first Tuesday Of
November in each an devery year,
hic hannual meeting of the stock
holders shall be held at the Office
Of the company in jacksonville, La,
Of which meeting notice shall be CIV
er by at least fifteen (15) days con-
tinuous publication Immediately pre-
ceeding such election in the Official
journal for the Parish Of St. Tam
many, La, or by at least ten (10D
days written notice to each stock
holder. The first election hereunder
shall be held on the first Tuesday Of
November, 1919, until which time
the following persons shall be au1
constitute the board of directors Of
this company, to-Wit: E. J. Fred
erick, P. A. Blanchard and M. p.
blanche. ANY vacancy occurring in
the board of directors during its
ERIN of Office shall be filled by elec-
ton by the remaining members of
the board. Two CD members OF
the board shall constitute a quorum
for the transaction of business and
their decisions shall be valid cor
porate acts. At each annual meet |
ing of the board of directors held on
he first Tuesday of November, 1919,
and annually thereafter, the said |
board shall elect from among its |
members a president, vice-presl- !
dent, secretary and treasurer, and |
such other officers as may be neces- |
sary, and the said officers shall hold |
Office for one year, or until their |
successors are elected. Until the
first election the following are de-
clared to be the officers of this cor
poration, to-wit: E. ]. Frederick,
president; M. p. blanche, vice-presi-
dent, and P. A. Blanchard, secretary
treasurer.