St. Tammany farmer., 1920-12-18


who shall have fifteen (l5) days in
which to purchase the same, and all
transfers to be 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 and
control OF its affairs shall be vested
in and exercised by Board OF Di-
rectors, composed Of not less than
three or more than tlve stockholders,
a tWo-thirds majority Of whom shall
constitute a quorum for the trans
action OF the business OF the corpora
tion. The Directors shall be elected
annually by ballot by the stockhold-
ers on the first Monday OF January
OF each year. Each stockholders
shall be entitled in person or by
proxy to a vote for every snare OWL
ed by him, and all elections shall be
held under such rules and regula-
tions as may be determined by the
Board of Directors; the Directors
thus elected shall continue in office
r. one year, or until their SUCCESSORS
have been duly elected and QuaIined.
No failure to elect shall be regarded
as forfeiture OF this charter; any
vacancy occurring in said Board shall
be filled by the remaining Directors
for the unef1pired term.
The Board of Directors, shall, at
its first meeting after its election,
nominate out OF its number a tresl-
dent, a Vice-President and a Secre-
Lary-Treasurer; said Board snail
have the right to appoint and dis
miss clerks, managers and other EN-
ployees OF the corporation as the Al
Lerests and business OF same may re-
qure; any of the Directors snaI.
nave the right to appoint, by written
| instrument, another Directors as his
proxy, to act in his stead, at any ana
| al meetings of the Board OF D4
rectors.
ARTICLE vi.
Until the election Of officers to be
held the first Monday In January,
1921, the following named persons
shall constitute the first Board o.
Directors:
George H. Koepp, postohace Ram
say, Louisiana,
John J. Posey, postof1ce Coving-
ton Louisiana,
Frederick L. Alexander, postof1oe
Covington, Louisiana,
with George I'll. Koepp as president; !;
John J. Posey as vice-president, and
Frederick L. Alexander as secretary
treasurer.
ARTICLE VII.
No stockholder shall be liable or
responsible for the contracts, faults
and debts OF said corporation, nor
shall any mere informality In its Or
ganizatton have the effect Of render
ing this charter null or OF exposing
stockholder to any liability beyond
the unpaid balance due on the shares
owned by him.
ARTICLE VIII.
This Act OF Incorporation may be
changed, modified or altered, or this
corporation may be dissolved with
the assent OF the stockholders, own
Ing tWo-thirds of the stock of the
corporation, at general meeting
convened for that purpose, and after
at least fifteen (15) days written
given through mail, addressed to
each stokholder, at his last known
place of residence.
In case of dissolution by the ex-
piration OF this charter, or otherwise.
the stockholders shall elect two (2)
liQuidators from among their num-
Der, to nquidate and settle the busi-
ness and affairs OF the corporation.
In case OF disability of any of the
said commissioners or liQuidaators.
the survivors or the remaining liqul-
dators, shall appoint q successor to
him.
Thus done and passed at my Office
on the day, month and year first
| above written, in the presence OF
Cable BoudousQuie and Cecile War
rem, competent witnesses, who have
signed with said appearers and me,
said Notary, after reading Of the
whole.
Original signed:
George H. Koepp, Ramsay, Lou
isiana, 800 shares.
Frederick L. Alexander, Coving-
ton, Louisiana, 81 shares.
John J. Posey, Covington, Louisi-
ana, 16 shares.
Witnesses:
Gable BOUDOUSQUIE.
CECILE WARREN.
THOS. M. BURNS,
Notary Public.
A true copy Of the original.
THOS. M. BURNS,
Notary Public.
STATE OF LOUISIANA, !
Parish of St. Tammany. (
/ certify that this instrument was
filed for record Dec. l, 1920, at 10 a.
M, and recorded December /, 1920,
In Charter Book l, page 335, of the
official records.
GUY A. SMITH,
Dy. Clerk Of Court and Ex-Of1cio
Recorder. daft
SUCCESSION NOTICE.