St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-03-06

except under the conditions and slip,
ulations hereinabove set forth, and
no transfer of stock whatsoever shall
be binding upon this corporation I'M
til and unless made upon it's books.
ARTICLE VI. = The corporate
powers of this corporation shall be
vested in, and exercised by, Board
of Directors composed Of not less
than three nor more than five stock
holders, two of whom at all times
shall constitute a quorum for the
transaction of business. The Di-
rectors of this corporation may vote
in person or by written proxy at any
of the meetings Of the Board CT Di-
rectors.
The first Board Of Directors of This
company shall be composed of the
following:
Emilio Cue, Bay st. Louis, Miss.
Curtis L. Waller, Bly, St. Louis,
Miss.
Herbert S. We'll, New Orleans, La.
These Directors ahall se-7e until
the second Monday. In November,
1920, or until their Successors shall
have been elected and Qualified. Tie
Directors shall be elected annually
by the stockholders at a meeting If
stockholders, to be held on the first
Monday in November each yea:.
Notice of such meeting shall be given
fifteen days prior to the data thereof
in writing, and shall be sent &c each
stakeholder at his last kna vn ad-
dress. Each stockholder ia!l at
such annual meeting Or )ther eet.
ing, general or special, be entitled
In person or by proxy to one vote
for each share of stock who'd by
him. Elections shall be nel1 u Ger
such rules and regulations 80 may,
from time to time, be prescribed by
the Board of Directors.
The Directors, when elected. shall
hold Office for one year, or until their
successors shall have been elected
and qualified, and fa:.ure to nold the
annual meeting of stockholders or to
elect annually the Directors shall
not operate the forfeiture Of this
charter or any of its rights there.
under. Any vacancy occurring in
the Board of Directors may be filled
by the remaining Directors for tie
uneypired term.
Immediately after their election
each year, the Directors shall meet
and select from their number Pres
ident, a Vice-President and Secre-
tary-Treasurer. The first officers Of
this corporation who shall hold Of
fee until the second Monday in No
until fhnir
ors shall have been elected and quail
fed shall be: Emilio Cue, presi-
dent; Herbert S. We'll, Vice-presi.
dent; Curtis L. Waller, secretary
treasurer.
ARTICLE VII.-This charter or
Act of Incorporation may be chang
ed, modified, altered or amended by
and with the consent Of tWo-thirda
OF ali Of the outstanding stock at
any meeting. general or special, call
ed for that purpose, subject only to
such limitation az may be provided
by law. This corporation shall have
the right to increase or decrease its
capital stock, as hereinhefore set OUT,
and any increase of the capital stock
to an amount exceeding that named
In Article w as the amount to which
the capital stock may be increased.
may be made by three-fourths vote
of all the outstanding stock.
ARTICLE VIII.-Notice Of any
and all meetings referred to in this
charter or required by law, shall he
given in the manner provided for the
giving of notices in case of election,
unless the same shall have been
waived.
ARTICLE IX-In case of the
liquidation, dissolution or termina-
ton of this charter, by limitation or
otherwise, the affairs of this corpora
ton shall be liquidated by one Or
more liquidataors elected by the
stockholders who may provide the
number of such liGuidators, and VINO
may vest them with such power and
authority as may by law be per-
mitted, and who shall fix the terms
and conditions on which they shall
serve, as well as their compensation.
and who may provide that in case
of the disability of any one of said
Iliquidators (if there be more than
one) the remaining iquidators may