St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-04-17

shares not taken at the expiration
of said period may be disposed of BY
the Board of Directors, for the bene-
| fit of the corporation, at not less
than their par value. No transfer
Of stock shall be binding upon the
corporation unless recorded upon the
| books
ARTICLE VI.
! All of the corporate powers Of this
corporation and the management
and control of its affairs shall be
vested in and exercised by a Board
OF Directors, composed of soven (7)
stockholders, majority Of whom
shall constitute a quorum for the
transaction of all of the business.
The Directors shall be elected an
nually by ballot by the stockholders,
On the third Monday of April of each
year. Each stakeholder shall be en-
titled in person or by proxy to vote
for every share owned by him, and
all elections shall be held under such
rules and regulations as may be de-
termined by the Board of Directors;
the Directors thus elected shall cor
tinue in office for one year, or until
their successors have been duly elect
ed and qualified. No failure to elect
shall be regarded as q forfeiture OF
this charter; any vacancy occurring
on said Board shall be filled by the
remaining Directors for the unex-
pired term.
The Board of Directors shall, at
it's first meeting after its election
nominate out Of it's number a Prest-
dent, a Vice-P President, and Secre-
tary- Treasurer; said Board shall
have the right to appoint and dis
miss clerks, managers and other en-
ployees Of the corporation as the In
terests and business of he same may
require. Any of the Directors shall
have the right to appoint by written
instrument another Director as his
proxy, to act in his stead at any AMI
all meetings of the Board of Di-
rectors.
Until the election of officers to be
held on the third Monday of April,
1921, the following named persons
shall constitute the first Board Of Dr.
rectors, viz:
John A. Stanga, postoffice Abita
Springs, Louisiana.
Archie l.. Stanga, postofflce Good
bee, louisiana
Andrew B. Stanga, postoffice Mad
isonville. Louisiana.
Frank M. Stanga, postoff1ce. Madl-
Eonville, Louisiana.
Thos. B. Stanga, postofflce Madt-
sonville, Louisiana.
Mary M. d. Aubert, postofice Abita
Springs, Louisiana.
Claiborne F. Stanga, postofies
Goodbee, Louisiana.
With said Thos. B. Stanga as Prev
idcnt, Archie L. stanga ~ Vice.
President, and Claiborne f. StangA
as Secretary-Treasurer.
ARTICLE VII.
No stakeholder shall be liable or
responsible for the contracts, faults
and debts of said corporation, nor
shall any mere informally in it's or
ganization have the effect of rem
dering this charter null or OF expos
ing stakeholder to any liability be-
yond the unpaid balance due on the
shares owned by him.
ARTICLE VIII.
This act of incorporation may b.
changed, modified or altered or this
corporation may be dissolved With
the assent of the stockholders own
ing two-thirds of the stock of tbs
corporation, at Q general meeting
convened for that purpose, and after
at least fifteen (15) days written
notice of this meeting having been
given through mail, addressed to
each stakeholder, at his last known
place of residence.
In case of dissolution by the az
piration Of this charter or otherwise.
the stockholders shall elect two IN
liquidatoFs from among their nuns
Der, to liquidate and settle the busl-
ness and affairs OF the company.
In case of disability Of any OF said
commissioners or liQuidatoTs, the
survivors or the remaining HQuidat-
ora shall appoint a successor to him I
Thus done and passed In my once
on the day, month and year hrst
above written, in the presence OF
Gable Boudousquio and Ralph H..
Menetre, competent witnesses, Waa
have signed with said appearera sHe
me, said Notary, after reading OF inc
whole.
Original signed)
: MEDORA STANGA, Abita Springs,
La, by Claiborne F. stanga, "
shares.
J. A. sTANGA, Ab4ta Springs, L..
: 10 shares.
ARCHIE L. sTANGA, Goodies.
La, 20 shares.
ANDREW B. sTANGA, NadisOn-
vile, La, shares.
FRANK M. STANGA, Madison
: vile, La, 81 shares.
THOS. B. STANGA, MadisonTiils
: La, rs shares.
MARY M. D. AUBERT, Abits
Springs, La, 81 shares.
CLAIBORNE F. STANGA, Coca
bee, La, rs shares.
Witnesses:
GABLE BOUDOUsQUIE.
RALPH N. MENETRE.
THOS. M. BURNS,
Notary Public