St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-01-17

drink dispensing equipment or every
kind and description, and to buy
and sell any and all kinds of mer-
chandise; to purchase or otherwise
acquire, hold, lease, improve, mort
gage and sell real and personal prop
erty, both in the State Of Louisiana,
and elsewhere, and generally to en-
gage in any business conveniently
necessary or incident to, or connect
ed with the operation of the bust
ness and industries above mentioned.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Six Thousand ($6,000.00) Dollars,
represented by sixty (60) shares of
the par value of One Hundred Dol
lars (s100.00) each, but the capital
stock may be increased from time to
time by amendment to this charter,
in accordance with law, to the sum
of Twelve Thousand ($12,O0O) Dol
lars, or any part of such sum.
The corporation shall be a going
concern when Six Thousand Dollars
($6,000) shall have been subscriber
for and Three Thousand Dollars
($3,000O of such stock has been &C.
tually paid in. Shares Of stock shall
be represented by certificates signel
by the President and Secretary.
ARTICLE w.
The affairs of the corporation
shall be managed by a Board of Di-
rectors, composed of three STOCKHOLM
ers who shall be elected annually by
ballot at stockholders meeting
to be held on the first Monday Of
December in each year Cor if that
day fall on a legal holiday, then on
the next day folloWing) excepting
that until the first Monday Of Deem
Der, 1920, the following named PEI
sons shall constitute the first Board
of Directors: Luther Whitfield,
whose pcstofice is Slidell La; Boyd
Whitfield. whose postoftice is slidell,
La, ANA c. A. Everett, whose post
Office IL Slidell, La, of whom Luther
Whitfield shall be President, BOYD
Whitfield shall be Vice President,
and c. A Everett shall be Secretary
Treasurer.
Any failure to elect Directors an
nually shall not dissolve The corpora
ton, but the Directors then in office
shall continue to serve Until their
successors shall have been duly elect
ed and qualified. Any vacancy Oh
the Board of Directors occurring by
death, resignation or otherwise, shall
be filed by the remaining Directors.
Stockholders meetings may be held
when ordered by the Board of Direc-
tors, and shall be held on the re-
quest OF the holders Of twenty-five
per cent of the outstanding stock.
Notice Of all stockholders meetings
other than adjourned meetings, shall
be given by written notice to stock
holder, through the mail at his last
known address, at least fifteen days
before such meeting. Each stock
holder shall be entitled to one vote
for every share of stock owned by
him.
ARTICLE v.
this corporation dissolved by two
thirds vote of the outstanding stock
at stockholders meeting called by
the Board of Directors, after having
given notice to each stockholder, in
writing, stating the purpose for
which said meeting is called, at least
fifteen days before such meeting and
deposited in postofice, addressed to
his last known address. In case OF
dissolution, the Board of Directors
shall act as iquidators.
ARTICLE vi.
The Board of Directors shall have
the right to employ and dismiss
clerks and managers, and to adopt
bylaws for the general management
of the corporation, and can amend
the same at their pleasure.
ARTICLE VII.
This corporation shall enjoy all
rights and privileges granted by law
| to corporations, and shall use a cor
porate seal. 1t shall have power to
contract, sue and be sued in its cor
porate name, to hold, receive, con-
vey, mortgage, hypothecate or pledge
property both real and personal. 1t
shall have power to establish branch
es in tie State of Louisiana, and
| elsewhere.
ARTICLE VIII.
The names and postoffice addresses
of the subscribers of these articles of
| incorporation, and the number OF
shares IN the corporation which each
of them agrees to take, are as fol-
lows:
Luther whitfield, whose postoffice
address in Slidell, La, subscribes to
81 shares.
Frank L. Gallagher, whose post,
office address is Covington, La, sub
scribes to l share.
Boyd Whitfield, whose postoff1ce
address is slidell, La, subscribes to
share.
C. A. Everett, whose postoff1ce ad
dress is Slidell, La, subscribes to l
share.
Making a total of sixty shares.
ARTICLE TX.
| No stockholder shall be liable or
responsible for the contracts, faults
or debts of said corporation, nor
shall any informally in its organiza-
ton have the effect Of rendering this
corporation null or exposing stock
holder to any liability, beyond the
unpaid balance Of his subscription
to the stock of the corporation.
Thus done and signed at my Office,
in Covington, Louisiana, on the day.
month and year first above written,
in the presence of Cecile Warren and
Ira M. Chaze, competent witnesses,
| who have signed the same with said