St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1919-11-08
transferred.

| complying Win Ten laws Ol tHe Ola
of Louisiana providing for the in
crease or decrease of the stock CT
corporations.
Any stockholder may sell, assign
or transfer his stock in this cor
poration provided thirty 600 days
Erio 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 nonassessab BILE, and transfer
able only on the books of the COM
pany, subject, however, to the laws
relative to the delivery Of stock GER
tificates.
This corporation shall be authoriz-
ed to commence doing business As
soon as fifteen thousand ($15, 000j
dollars of the capital stock shall have
teen 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 a board Of directors, which shall
he 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,
W 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
eE 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 (10)
days written notice to each stock
holder. The first election hereunder
shall be held on the first Tuesday II
November, 1919, until which time
the following persons shall be anil
constitute the board of directors OF
this company, to-wit: E. J. Fred
erick, P. A. Blanchard and M. =.
blanche. Any vacancy occurring T.
the board OF directors during its
term of Office shall be filled by cleo
ton by the remaining members Of
the board. Two CD members OF
the board shall constitute quorum
for the stransaction of business and
their decisions shall be valid cor
porate acts. At each annual meet
ing of the board of directors held on
the first Tuesday of November, 1919,
and annually thereafter, the SAID
board shall elect from among Its
members a president, a v1ce-presl-
dent, a secretary and treasurer, anc
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.
During the absence Of the pre5i-
dent the vice-president shall act 10
preside.
At every election and meeting eacL
stockholders shall be entitled to one
vote for each share OF stock regis
tered in his name, and may vote oy
rroxy. The election of directors
shall be by ballot, and a majority in
amount of votes cast, each sahre Ct
stock voted upon to be counted to'
one vote, shall elect the person 81
persons for within they have been
! cast.
ARTICLE v.
II shall be lawful for the stock
holders of this corporation, at a gen
eral meeting convened for that puI'
nose. to make any notifications, ad-
ditions or changes in this act OF IN
CORPORATION, or to dissolve 1t with
the assent of three-fourths of The
stock represented at such meetings
Notice of such meeting shall be given
as prescribed in Article " hereof 70.
Re election of directors.
ARTICLE vi.
| No stockholder of this corporation
shall ever be held liable or re
sponsible for the contracts or fault.
thereof in any further sum than the
unnaid balance due the company or
the shares of stock subscribed for OF
| owned Oy uINly Aol oA@AA $500
formality in organization have the u
feet of rendering this charter null
or of exposing a stakeholder to an
liability beyond the unpaid balance
Il any, of his stock.
| ARTICLE VII.
In case of dissolution or termlna
ton of this corporation, whether D!
limitation Of its charter or from an:
ether cause, the liquidation OF its n
fairs shall be conducted by three Is
liouidators selected from the stock
holders of the company by major
' of the votes cast at meeting cal
cd for that purpose after notice sha'
have been given, as provided Il
Article Nv hereof for the election .
lirectors. Said liquidators shall re
main in office until the affairs OF to
said corporation have been tull
liouidated. In case Of the death o
one or more of said liquidators, tn
Survivor or survivors shall eontinu