St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1919-10-25

shall De giVeD at least fifteen Q5)
days continuous publication imme-
diately preceding such election in a
paper publishdd in the Town of Cow
ington, Louisiana, or by ten (1O)
days written snotice to each stock
holder. The srst election hereunder
shall be held Pm 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-Eit: John P. Rausch,
Ernest j. Domergue and Harry A
Black. Any vacancy occurring in
the Board Of Directors during it's
term of Office shall be filed by cleo
ton by the semaining members Of
the board.
A majority of the members of the
board shall constitute a quorum for
the transactioa of business and their
decisions shall be valid corporate
acts.
At each asnual meeting of the
| Board Of DIRECTORS, held on the first
Tuesday of October, 1919, and an
nually thereafter, the said board
shall elect from among it's number a
presid snt, WHO may also be the
treasurer of ssid corporation; a vice
president, Secretary and such other
officers as mas be necessary, and the
said officers saall hold Office for one
|
elected. Untst the first election, the
following are declared to be the Of
fcers of this corporation, to-wit:
John P. Raussh, president and treas
urer; E. j. fDomergue, vice+presi-
dent, and Hairy A. Black, secretary.
Any failur9 from any cause what
ever to elects directors on the date
named for taat purpose shall not
dissolve this corporation, but the di-
rectors then 20 office, as well as the
officers of THIS company, shall hold
over until thsir successors are chos-
en-. In such: event the president
shall cause smother election to be
held in thirty 600 days, and shall
give notice thereof as above pro-
vided.
! During the absence of the presi-
dent the vice2president shall act and
preside.
At every election and meeting each
stakeholder shall be entitled to one
vote for each share of stock register
ed in bis name, and may vote by
proxy. The election of directors
shall be by ballot, and majority in
amount of votes cast, each share OF
stock voted Upon to be counted for
one vote, shall elect the person or
persons for whom they have been
cast.
ARTICLE v.
1t shall be lawful for the stock
holders of thS corporation, at gen.
eral meeting convened for that pur-
pose, to make any notifications, ad-
ditions or chsnges in this act Of in
! corporation, Cr to dissolve it with
the assent Of three-fourths of the
stock represented at such meetings.
Notice Of sue; meeting shall be given
as prescribed in Article " hereof
for the election of directors.
ARTICLE VI.
No stockholders of this corpora
ton shall ever be held liable or re-
sponsible fort the contracts or faults
thereof in amy further sum than the
unpaid balanee due the company on
| the shares off stock subscribed for or
owned by hisn, nor shall any infor-
mality in organization have the effect
| of rendering sthis charter null, or of
exposing a stakeholder to any liabili-
| ty beyond the unpaid balance, if any,
of his stock.
ARTICLE VII.
| In case of sdissolution or termina-
ton of this corporation, either by
limitation of tits charter of from any
! othe rcause, Che liquidation of it's af-
fairs shall be conducted by three CD
liquida.ors selected from the stock
holders of the company by majori-
| ty of the Votes cast at meeting
called fer thAt purpose after notice
shall have BEEN given, as provided in
Article " hereof for the election OF
directors. Said liquidators shall re-
main in Office until the affairs of the
said corporation have been fully
liquidated. IN case of the death of
one or more sof said liquidators, the
survivor or Survivors shall continue
to act. I
Thus donz and passed at my
notarial office; in the town of Covins
ton, Louisiapa, on the 18th day of
September, 1913, in the presence of
Bonnie Mosef and C. S. Frederick,
two competent witnesses, who here
unto sign their names, together with
said parties, Sand me, Notary, after
reading of tbs whole.
John P. RausGh, 100 shares
Abita Springs, Louisiana.
Harry A. Blask, $50. SO shares
New Orlea1ks, Louisiana.
| e. J. Domerghe, so shares
Covington, Louisiana.
/ Witnesses