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

For the best results advertise In |
The Farmer.
shall oe given at least fifteen (l5) |
days continuous publication imlne-
diately preceding such election in a |
paper published in the Town Of Gov
ington, Louisiana, or by ten C1O) |
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 aud Harry A
Black. Any vacancy occurring in
the Board of Directors during it's
term of office shall be filled by cleo
ton by the remaining members of
the board.
A majority of the members Of the
board shall constitute a quorum for
the transaction of business and their
decisions shall be valid corporate
acts.
At each annual 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
president, who may also be the
treasurer of said corporation; vice
president, secretary and such other
| officers as may be necessary, and the
said officers shall hold office for one
year, Or until their successors are
elected. Until the first election, the
following are declared to be the Of
| ficers of this corporation, to-wit:
John P. Rausch, president and treas
urer; E. J. Domergue, Vice4presi-
dent, and Harry A. Black, secretary.
Any failure from any cause what
| ever to elect directors on the date
named for that purpose shall not
dissolve this corporation, but the di-
rectors then in office, as well as the
officers of this company, shall hold
over until their successors are ehos-
en-. In such event the president
shall cause another 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 vice-president shall act and
preside.
At every election and meeting each
stockh older 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 a 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 Y.
| 1t shall be lawful for the stock
holders Of this corporation, at a. gen
eral meeting convened for that pur-
pose, to make any notifications, ad.
ditions or changes in this act Of in
! corporation, or to dissolve it with
the assent of three-folrths OF the
stock represented at such meetings.
Notice Of such meeting shall be given
as prescribed in Article w hereof
| for the election Of directors.
ARTICLE VI.
! No stockholders of this corpora
ton shall ever be held liable or re-
sponsible for the contracts or faults
| thereof in any further sum than the
I unpaid balance due the company on
the shares of stock subscribed for or
owned by him, nor shall any infor-
mality in organization have the effect
Of rendering this charter null, or of
exposing stakeholder 20 any lFabili-
ty beyond the unpaid balance, IL any,
| of his stock.
ARTICLE VII.
| In case of dissolution or tersnina-
ton of this corporation, either by
| limitation of it's charter Of FROM any
othe rcause, the liquidation of its 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 w hereof for the election of
directors. Said liquidators shall re-
main in Office until the affairs OF the
said corporation have been fully
| llquldated. In case or. the death Oh
one or more of said liquidators, the
survivor or survivors shall continue
to act.
Thus done and passed at my
notarial Office in the town Of CovinS
ton, Louisiana, on the 18th day of
September, 1919, in the presence of
Bonnie Moses and G. S. Frederick,
two c0rpetent Witnesses who here
unto sign their names, together. with
said parties, and me, Notary, after
reading of the whole.
John P. Rausch, ...... 100 shares
Abita Springs, Louisiana.
Harry A. Black, . so shares
| New Orleans, Louisiana.
E. ]. Domergue, $500. so shares
! CoVington, Louisiana.
| Witnesses:
BONNIE MOSES.