St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-10-30


shares Of the par value Of one HIM.
dred (S1O0) dollars each; he
amount of each share shall be pstd
for In accordance with law, and tbGa
corporal on shall be operative AVID
go into business when IFS enttyp
above capital stock shall have bean
subsc. ibed and paid for, to-wit AT
the execution of these presents
However the amount to which thu
capital stock of this corporation NAV
be increased, shall be thirty then.
sand ($30,000) dollars No trapa-
fer Of stock shall be binding upo,
this corporation unless same appears
on the books Thereof.
No stakeholder shall have tina
right to ass ,gn or transfer any shara
or shares held by him unless hS sha.;
have hrst offered same In writing to
the Board Of Directors. who shall
have the first opportunity to pur-
chase same at the book value there
of; and should the said Board IT
Diree-ers fail or refuse to purchase
said stock within thirty dayss froass
said notice, the shareholder offerinrs
said stock may sell or dfspome CT
same to any other person wlasSas
ever. The signers of this ohartsr
with shares opposite their names
constitute "Subst ~sptton List" Of th,a
corporation.
ARTICLE ".
/. THIS corporate powers Of tksSe
corporation shall be- vested tn ii
Board of Directors to beicompOsoa'ae
five directors, three Of whom sAnft
constitute O quorum for the transa%
ton Of business, to be- eBgcted by tsa
stockholders at aaGensraa meeting 10
be- held on the third Monday N
October of each year. beginning On
the third Monday In October, 1871.
3. At all msseingsaof slectionssCg
this corporations, each gtoekhol6esg
shall be entitled to one vote for ea.h
share Of stock standing in his name
On the books OF the congpany, which
vote shall be- cast in psrsoa on hy.
proxy
5. The Board Of Directors shan
have tho power TO make oil bylaws
rules and regulations necsssarys Scr
the ecnduca OF tho busfnews AFFAIRS O.
said corporations; shall elect froun
their number President, Yss@3
President and Secretary-Treasnrs@
4. Unit. the election to- be- hole
ss hcreinAhove provided, the foslews
ing shall constitute the frss BoaRH
OF directors:
Marcel J. Cousin, Bonfouca, La,
Louis l.. Bernard, 1443 N. Broad
street, New Orleans, La.
Lodis v. Menard, 1113 n. Dup.s-
street, New Orleans, La,
Miss Maize Cousin, Bonfouca, La,
Mrs. Laure Tabary, Bonfouea, La,
with Marcel j. Cousin as president
and general manager. Louis L. Dee-
nard, as vice-preGident, and Louas Y,
Menald as secretary-tressursrg
Vacancy In Board Of DirsetoEs 20
be filled by remaining members q
ARTICLE ".
No stakeholder shall be held IiaAssI
or raaponsibfe for the contracts &0r
faults Of this corporation In any fuIs
Their sum than the unp&ie b&laRsSi
| due the company on shares Of stool
| owned by him, nor shall any iafOr-
mality in the organisation Asgs&aa
have the effect Of readsriAs, thiey
charter null or Of expos .ng enystask-
holder to any liability boyond the RA-
paid balance due on hia stock. BAIL
ure At any time to hold meetings or
elect directors or officers GO ke-ssx-
abovs provided shall not work Q to-.
fixture of this charter, or dissolve
the corporation, but the axlstiAgi
Board of Directors and ofassrs. shail
continue in ONCE until their DHesaae~
ors have bsen elected, Vhish election
shall be held a. soon "a, poasiblA
Thvs done and passed at ny a&~
| fice In the City OF Now 0rleans. ~
| the date hrst above named, In shs
pTesehcs of Messrs. Lawrence @. ~
dst and Petar n. Barre. comDsseas
| Witnesses, who have herounto sagns&
their names with the said eppeafesg
and me, Notary, after due reading Of
the whole.
| Original signed,
IN. J. COUSIN -.........oS ghaF@
LOUIS L. BERNARD. -. shas.s
II