St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-06-26

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cry; to do general garden and
truck business, and also to deal in
farm and agricultural products.
ARTICLE ~.
the capital stock of this corpora
ton is hereby fixed at the sum of
Five Thousand ($5,000.00) Dollars,
and to be divided into One Hundred
shares of the par value of One Hun
dred Dollars each. No stakeholder
shall have tho right to dispose of MS
stock until he shall have first offer
ed the same to the other stockholders
through the Board of Directors, and
the other stockholders shall have
fifteen days from the said offer to
purchase the share or shares at the
price set upon the same, before the
stock may be purchased by outsiders.
ARTICLE V.
All the corporate powers Of tlis
corporation shall be exercised by a
Board of Directors consisting of five
stockholders, majority Of whom
shall constitute a quorum for the
transaction of business. The Board
of Directors shall elect annually from
their number president, vice.
president, and a secretary-treasurer
The firts Board of Directors shall be
composed of John NJ. Kiet, L. j.
Keith, Mrs. M. F. Keith, S. S. Ryder
and E. o. Keith, and the first Of
fcers Of this corporation shall be
John NJ. Keith, president; L. J.
Keith, vce-president, and Mrs. M. F.
Keith, secretary-treasurer.
These directors and officers shall
serve until their successors shall
have been duly elected and qualified.
The annual meeting Of the stock
holders for the election of directors
shall be held on the second Tuesday
of July of each and every year, I'M
less said day should happen to be a
legal holiday, and then on the next
bank day thereafter. Each sub
scriber hereto sets opposite his name
and address a statement of the stock
which he subscr;bes to in this cor
poartion and this charter shall stand
as the original list.
The names, places of residence Of
the subscribing shareholders and
the number of shares held by each
Of them, respectively, is as follows:
Jno. M. Keith, Slidell La.
81 shares.
Mrs. F. NJ. Keith, by J. M. Keith,
Sl:dell, La,
20 shares.
l.. ]. Keith, by ]. M. Keith, Chill
dersburg, Ala,
shares.
S. S. Ryder, by J. M. Keith, Chill
dersburg, Ala,
2 shares.
E. o. Keith, by J. NJ Keith, Chll-
dersburg, Ala,
8 shares.
ARTICLE VI.
In the event Of the liquidation or
dissolution of this corporation, by
limitation Or other cause, the stock
holders shall elect from their own
number two liquidators at a general
meeting caller for that purpose, after
ten days written notice to each stock
holder by mail to his or her last
known postoffice address; and the
said liquidators thus elected. shall
have the power and authority to wind
up and liquidate the affairs Of the
corporation in accordance with the
provisions of law
ARTICLE VII.
This charter may be modified,
changed, altered, or the corporation
may be dissolved, with the assent OF
the stockholders owning two-thirds
eral meeting of the stockholders
convened for such purposes after
ten days written notice shall have
been given to each and every tsock-
holder, and mailed to his last known
address.
ARTICLE VIII.
No subscriber for stocks shall ever
be held liable for the contracts,
faults or debts of this corporation In
any further sum than the unpaid bal
ance, ii any, due the corporation on
the shares of stock he has subscribed
for, nor shall any mere informally
in organization have the effect OF
rendering this charter null, or rem
dering any subscriber liable; and
this corporation shall become go
ing concern when all the capital
stock shall be subscribed and pa d
for.
Thus done and passed in the Town
of Slidell, in the Parish and State
first above written, in the presence
of the undersigned and competent
witnesses, who have signed with the
appearers, and me, Notary, after due
reading of the whole
John NJ. Keith, Sl:dell, La, 81
shares.
Mrs. M. F. Keith, by J. NJ Keith,
Slidell, La, 20 shares.
L. ]. Keith, by ]. NJ. Keith, Chill
dersburg, Ala, 4 shares.
S. S. Ryder, by ]. M. Keith, Chill
dersburg, Ala, shares.
E. o. Keith, by J. M. Keith, Chill
dersburg, Ala, shares.
Witnesses:
GUY A. SMITH.
JOSIE DOSSAT.
W. E. BLOSSMAN,
Clerk of Court and Ex-Officio
Notary Public.
A true copy.
W. E. BLOSSMAN,
ClorL oF Count