St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1919-10-18

receive, hire, purchase, lease, sub
| lease, sci, convey or exchange prop,
erty, both real and personal, and t.
mortgage and hypothecate the same;
to borrow or lend money; to appoint
managers, officers, agents and en-
ployees in the State of Louisiana and
foreign states, as it's interests may
require; to do and perform all othe.
venient to enable it to carry out the
objects and purposes above set forth
ARTICLE III.
The capital stock of said corpora
ton snail be Twenty Thousand
($2O,O00D Dollars, divided into and
represented by Four Hundred (4O0)
shares of the par value of Fifty (50)
Dollars each, which said stock shall
be paid for in cash, or the same may
be issued, at not less than par, in
payment or exchange for property or
rights actually received or purchased
by said corporation, or the same may
be issued, full paid, for Nancy adj
Vanced, and for such other valuab BILE
considerations or services as the
Board CT Directors of said corpora
ton may determine.
The capital stock of said corpora
ton may be increased to a sum not
to exceed Two Hundred Thousand
($200,00O) Dollars, at the pleasure
of the Board of Directors, in which
event, during the period between the
call of the meeting for the purpose
of increasing the capital stock and
the meeting, the persons holding
stock a. the time shall have the right
to take shares of the additional Or
increased stock proportionate to the
number of shares owned by them,
and any shares not taken at the ex-
piration of such period may be dis
posed CT by the Board of Directors
for the benefit of the stockholders at
not less than par value.
Any Stockholder may sell, assign
or transfer his stock in this corpora
ton, provided thirty 500 days prior
notice Of such intention to sell, as
sign or transfer the same be given
the company, and the other stock
holders thereof shall have first pr:Vi-
lege of purchasing same, after which
thirty 1909 days notice, the said
stock may be sold in open market.
The capital stock of this corpora
ton shall be worcestershire, and may
be transferred under the above con
ditions; provided, such transfe"
thereof be made on the books of said
company at it's office, at Covingtor.
Louisiana, and on surrendering the
certificate therefor. No transfer Of
any fractional part of share shall
De MADE.
This corporation shall be author
lied to commence doing business as
soon. as Ten Thousand ($10, 0O0.00)
Dollars of the capital stock shall
have been subscribed for. The stock
subscribed for shall be paid upon
call of the Board of Directors in such
amounts and at such times as the
said board shall prescribe, with at
least ten days notice in writing to
the subscribers.
ARTICLE ".
The corporate powers of this coy
of Directors, to be composed OF not
less than three nor more than ten,
but may be fixed within those limits,
all of whom shall be stockholders Of
this corpora ton Said Board of Di-
rectors shall be elected annually by
he stockholders on the first Tues
day of October in each and every
year, which annual meeting of the
stockholders shall be held at the Of
flee of the company, in CoVington,
Louisiana, of which meeting notice
shall De given at least fifteen (15)
days continuous publication imme-
diately preceding such election in a
paper published in the Town of Gov
ington, Louisiana, or by ten (10)
days written notice to each stock
holder. The first election hereunder
shall be held on the first Tuesday of
October, 1920, until which time the
following persons shall be and con-
stitute the Board of Directors of this
company, to-wit: John P. Rausch,
Ernest j. Domergue and Harry A
Black. ANY vacancy occurring in