St. Tammany farmer., 1920-12-25

who snail nave nIteen lI5) days i'll
which to purchase the same, and al
transfers TO De binding upon the cor
poratIon, and shall be recorded up
on it's books.
ARTICLE V.
All of the corporate powers Of this
corporation and the management anu
control OF its affairs shall be Vestea
in and exercised by Board OF Di-
rectors, composed of not less than
three or more than hVe stockholders,
a tWo-thirds majority OF Wnom snail
constitute d quorum Tor the trans
action OF the business OF the corpora
tlon. The Directors shall be elected
annually by ballot by the STOCKHOLM
ers on the first Monday OF January
OF each year. Each stockholders
shall be entitled in person or by
proxy to vote for every snare OWL
ed by him, and all elections snail be
held under such rules anu regula-
tlons as may be determined Dy Tue
Board of directors; the Directors
thus elected shall continue in office
n one year, or until their successors
have been duly erected and qualhed
No failure to elect shall De regarded
as forfeiture OF this charter; ANY
vacancy occurring in said Boar0 shal
be nIIed by the remaining Directors
tor the unettlpired term.
The board OF Directors, shall, a
its hrst meeting after its election
nominate out OF lLS NUMBER d freai
tary-1reaSurer; said bOard Sua-
nave the rlguL to appoint and dls
| MISS clerks, managers and OLner EN-
pIOyeeS OF the corporation as Inc Ii
| CeIoSlS and business oI same u4Ay -
qu4re; any OF the Directors snaI
| nave the right to appoint, Oy Wrltu1l
| 4nstruluen., another Directors ao IL
proxy, TO act in his stead, at any al!
vi. meetings OF the board ul III
rectOrS.
! ARTICLE vi.
Until the election of officers to b
| held the first Monday in January
| 1921, the following named person
shall constitute the first Board Q
J Directors:
George H. Koepp, postoffice Ram
say, Louisiana,
John ]. Posey, postofice Coving
ton Louisiana,
Frederick l.. Alexander, postotfie
! CoVington, Louisiana,
with George H. Koepp as president
John j. Posey as Vice-presldent, al,
| Frederick L. Alexander as secretary
| treasurer.
ARTICLE VII.
No stockholder shall be liable 0
responsible for the contracts, fault
and debts Of said corporation, no
shall any mere informality in it's OF
ganiZation have the effect of render
ing this charter null or Of eXposin
a stockholder to any liability beyon
the unpaid balance due on the share
owned by him.
ARTICLE VIII.
This Act Of Incorporation may b
changed, modified or altered, or thi
corporation may be dissolved wit
the assent of the stockholders, own
ing two-thirds of the stock Of til
corporation, at a general meetin
convened for that purpose, and afte
at least fifteen (15) days write.
notice of the meeting having bee
given through mail, addressed t
each stokholder, at his last know.
place of residence.
In case Of dissolution by the eX
piration of this charter, or otherwise
the stockholders shall elect two &
| liquidators from among their mum
ber, to liquidate and settle the busl
ness and affairs of the corporation.
In case Of disability Of any of tn
said commissioners or liquidaators
| the survivors or the remaining liqul
dators, shall appoint a successor t
him.
Thus done and passed at my offic
| on the day, month and year frs
above written, in the presence @
Cable Boudousquie and Cecile Wal
ren, competent witnesses, who haV
signed with said appearers and m5
said Notary, after reading Of tn
whole.
Original signed:
| George H. Koepp, Ramsay, Lou
isiana, 800 shares.
|
ton, Louisiana, 81 shares.
John J. Posey, Covington, Louis
ana, 16 shares.
Witnesses:
GABLE BOUDOUSQUIE.
| CECILE WARREN.
| THOS. M. BURNS,
Notary Public.
A true copy Of the original.
THOS. NJ. BURNS,
Notary Public.
STATE OF LOUISIANA, |
Parish of St. Tammany.
| I certify that this instrument wa
filed for record Dec. l, 1920, at 1O a
M, and recorded December 1, 1926
in Charter Book /, page 335, of th
official records.
| GUY A. SMITH,
Dy. Clerk of Court and Ex-Offlcio
Recorder. d4-6t
SUCCESSION NOTICE.