St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-01-03


drink dispensing equipment OF every
kind and description, and to buy
and sell any and all kinds OF mef-
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 ard Industries above mentioned.
ARTICLE III.
The capital stock of this corpora
ton is hereby fixed at the sum OF
Six Thousand ($6,000.0O) Dollars,
by sixty (6O) shares Of
the par value Of One Hundred Dol
lars ($10O.00) each, but the capital
stock may be increased from time to
time by amendment to this charter,
in accordance with law, to the sun
of Twelve Thousand ($12,0O0) Do
lars, or any part Of such sum.
The corporation shall be a golnp
concern when Six Thousand Dollars
(s6,OOOC shall have been SUBSCRIBED
for and Three Thousand Dollar
($3,000) of such stock has been ac.
tually paid in. Shares of stock shalt
be represented by certificates signel
by the President and Secretary.
ARTICLE ".
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
a 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 pcstoffice is Slidell La; Boyd
Whitfield. whose postoffice 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 on
the Board of Directors occurring by
death, resignation or other wise, shall
De filed by the remaining Directors
Stockholders meetings may be held
when ordered by the Board of Direc-
ors, 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 charter may be amended CIR
this corporation dissolved by two
thirds vote Of the outstanding stock
at a 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 postoffice, addressed TO
his last known address In case OF
Of nirnctnr =
shall act as liQuidators.
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 cor oorations, and shall use a cor
porate seal. 1t shall have power to
contract, sue and be sued in it's cor
porate name, to hold, receive, con-
vey, mortgage, hypotheeate 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
ST shares.
Frank L. Gallagher, whose post
Office address is Covington, La, sub
scribes to l share.
Boyd Whitfield, whose postoflcc
address Is Slidell, La, subscribes TO
1 share.
G. A. Everett, whose postoffice adj
dress is Slidell, La, subscribes to l
share.
Making a total of sixty shares.
ARTICLE TX.
No s1ockholder 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
null or exposing a 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 NJ. ChaZe. competent witnesses.