St. Tammany farmer., 1920-06-05

luSuls fICG-pl SSIdSAL oAo thS II Sc~9
urer (Who shall also be the secre-
tary of said corporation).
A majority of the members of the
Board shall constitute a quorum for
the transaction of business and their
decisions shall be valid corporate
acts.
The following stockholders shall
constitute the first Board of Direct
ors: John P. Rausch, President;
Fernando Estopinal, Vice-President,
and R. S. Daniel, Secretary and
Treasurer.
No person shall be eligible as ni-
rector or an officer who is not a
stockholder Of this company.
During the absence Of the Presi-
dent, the Vice-President shall at
and preside.
Said Board shall continue in Of
fee until the first OF April, 1922,
on which date, and thereafter an
nually, a Board Of Directors shall
be elected on the first Monday OF
April of each year, unless the same
should be holiday, when the elec-
ton shall be held on the next Legal
day thereafter.
Ten days prior notice OF such elec-
tion shall be given in writing to each
stockholder; and the Board of D.
rectors shall appoint one or mere
stockholders to preside at such cleo
ton as commissioners. In the event
of the failure of any commissioner
or commissioners to attend, the pres
ident shall, by appointment, fill the
vacancy. Any failure from any cause
whatever to elect directors the day
named for that purpose shall not
dissolve the corporation, but the dj-
rectors then in Office, as well as the
directors Of said company, shall hold
over until their successors are
chosen.
In such event the president shall
cause another election to be held
within thirty days, and shall give
notice thereof as herelnbefore pro
vided.
At every election and meeting each
stockholder shall be entitled to vote
for each share Of stock registered in
his name, and may vote by proxy.
The election of directors shall be
| by ballot, and the majority III
| amount of votes cast, each share oI
stock voted upon to be counted fol
| one vote, shall elect the person OF
persons for whom they have beer
cast.
After such election the Board Of
Directors shall elect from their oWr
oA ofc
ARTICLE V.
The Board of Directors shall have
| full power to fill vacancies in theil
number, caused by death, resigna
| ton or otherwise, from among the
stockholders of the corporation.
ARTICLE vi.
This charter may be changed, mod
| flied or amended, the capital stocl
increased or decreased, or tbs cor.
lporation may be dissolved at gen
eral meeting of the stockholler.
convened for that purpose with tht
assent of three-fourths of the entire
capital stock, whether present OF
represented at such meeting.
| Ten days prior notice of suct
meeting shall be given in writing t.:
each stockholder.
In case of dissolution or termina
tion of this corporation, either b!
limitation of its charter or from any
cause, the liquidation of its affair
shall be conducted by three commits
sioners selected from the stockhold
ers, with like assent, and at meat
ing called for that purpose, as aboV,
set forth in this article.
Said commissioners shall remaiI
in office until the affairs of said cor
poration shall have been fully liqui
dated. In case of the death of out
Or more of said commissioners, tn,
survivor or survivors shall continue
to act.
| ARTICLE VII.
No stockholder Of this corporation
shall ever be held liable or re
sponsible for the contracts or faults
thereof in any further sum than tn,
UNPAID balance due the company OF
the shares of stock subscribed for o,
owned by him; nor shall any infor
mality in organization have the effec
Of rendering this charter null, or o
exposing a stockholder to any liabili
ty beyond the unpaid balance, If any
Of his stock.
Thus done and passed at my no
tarial office in the Town of GOWNS
ton, Louisiana, on the day, mont
and year herein first above written
in the presence Of Bonnic Moses ant
Holger Kohnke, competent witnesse:
Of lawful age, who hereunto sig1
their names together with said par
ties. and me, Notary, after readin:
of the. whole.
Original signed:
John P. Rausch, "a shares
Abita Springs, La.
R. S. Daniel, .33 shares
Covington, La.
Fernando Estopinal, 33 shares
| New Orleans, La.
Witnesses:
| BONNIE MOSES.
HOLGER KOHNKE.
LEWIS L. MORGAN,
Notary Public.
l certify that this instrument wa
filed for record May 8, 1920, at I
p. m, and recorded May 3, 1929, i