St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-12-11

tered to the remaining stockholders,
who shall have fifteen (15) 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 it's affairs shall be vested
in and exercised by a Board Of Di-
rectors, composed Of not less than
three or more than five stockholders,
a tWo-thirds majority Of whom shall
constitute a quorum for the trans
action Of the business OF the corpora
ton. 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 share OWN
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
f r. one year, or until their successors
have been duly elected and qua4ined.
No failure to elect shall De regarded
as a forfeiture Of this charter; any
vacancy occurring in said Board shall
be filled by the remaining Directors
for the unettipired term.
The Board Of Directors, shall, at
its first meeting after its election,
nominate out OF it's number Pres1-
dent, Vice-President and Secre-
| tary-Treasurer; said Board shall
| have the right to appoint and dis
| MISS clerks, managers and other enl-
pluyeeS OF the corporation as the IL
| IeresLs anu Dualness Oh same may e
qu4le, any OF the Directors suA4-
| nave the right to appoint, Dy wrlttuA
| INSTRUMENT, another Directors ao AL
proxy, to act in his stead, at any an.
uL meetings Ut the board Vi ~
trectorS.
| 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, postof1ice Ram.
say, Louisiana,
John J. Posey, postohce Coving.
ton Louisiana,
Frederick l.. Alexander, postof1ce
| Covington, Louisiana,
with George H. Koepp as president
John J. Posey as vice-presldent, anc
Frederick L. Alexander as secretary
treasurer.
ARTICLE VII.
! No stakeholder shall be liable OF
responsible for the contracts, fault:
and debts of said corporation, MOI
shall any mere informally in its Or
ganization have the effect of render.
ing this charter null or of exposing
stakeholder 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 witt
the assent of the stockholders, own
| ing tWO-thirds of the stock of the
corporation, at a general meeting
convened for that purpose, and after
at least fifteen (15) days writer
notice of the meeting having bee1
given through mail, addressed tt
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 ca
liQutdators from among their mum
Der, to liquidate and settle the bust
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 successor tt
him.
Thus done and passed at my ofic'
on the day, month and year frs
above written, in the presence o
Gable BoudousQuie and Cecile War
rem, competent witnesses, who hav,
signed with said appearers and me
said Notary, after reading of thu
| whole.
Original signed:
George H. Koepp, Ramsay, Lou
isiana, 800 shares.
Frederick L. Alexander, Coving
| COu, hOulSldAd, D 0udIS o.
| John J. Posey, Coyington, 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.
I certify that this instrument wa
filed for record Dec. 1, 1920, at 10 a
M, and recorded December /, 1920
in Charter Book /, page 335, of tn
official records.
GUY A. SMITH,
Dy. Clerk of Court and Ex-Of1cio
Recorder. d4-6t
SHERIFF'S SALE.