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

the Board OF Directors during its
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 CT Directors, held on the first
Tuesday of October, 1919, and an
nually thereafter, the said board
shall elect from among it's number a
president, who may also be the
treasurer of said corporation; vice
president, a 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. ]. Domergue, vice+presi-
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 chos-
en-. In such event the president
shall cause another election to be
held in thirty 900 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
stockholder 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 this corporation, at 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-fourths 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
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 a stakeholder to any liabili-
ty beyond the unpaid balance, If any,
of his stock.
ARTICLE VII.
In case of dissolution or termina-
ton of this corporation, either by
limitation of it's charter of from any
othe rcause, the liquidation of it's af
fairs shall be conducted by three 60 |
liquida.ors selected from the stock
holders of the company by a majori-
ty Of the votes cast at a meeting |
for hot Oft
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 |
In case of the death of |
one or more of said liquidators, the |
survivor or survivors shall continue |
to act.
Thus done and passed at my |
Office in the town of Covins
ton, Louisiana, on the 18th day of
1919, in the presence of
Bonnie Moses and C. S. Frederick,
two competent 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. J. Domergue, ...... so shares
Covington, Louisiana.
Witnesses:
BONNIE MOSES.
G.. S. FREDERICK.
LEWIS L. MORGAN,
Notary Public.
l hereby certify the above and /
foregoing to be true and correct
copy Of the original.
LEWIS L. MORGAN,
Notary Public.
State Of Louisiana, |
Parish of St. Tammany. I
l certify that this instrument was
filed for record September %, 1919,
at 1890 a. m, and recorded in