St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-05-29

flee shall remain in Office until tn ar
successors are elected and qualified
Due notice of election shall be c,a.
tinued to be given until and election
Is held.
ARTICLE vi.
The Board of Directors in th.s
charter shall meet Immediately altar
the charter is signed and as oftea
thereafter as it may be called To-
gether. Subsequent boards shall
meet on call within one week after
each annual election and thereafter
shall hold regular meetings monthly
on a day to be fixed at said first meet
ing following each annual election.
and special meetings, whenever duly
called.
At its first meeting each Board of
Directors shall elect from Its mem
bership president, one or more
vice-presidents, who, without num-
eral designation, shall rank in the
order in which they are elected. At
such meeting 1t shall appoint a sec
rotary and treasurer, neither OF
whom need be either a stakeholder
or director, but may be either stock,
holder, director or other officer. The
Board of Directors, if it may deem
fit, may appoint one person to be
secretary and treasurer and from
time to time, as 1t sees fit, appoint
or employ such other employees as 1t
shall deem necessary. The Board
of Directors shall have full power
and authority to fix the salaries OF
all officers and of all other employees
as 1t deems necessary and to make
and establish, as we'll as to alter and
amend, all bylaws rules and regula-
tons necessary and proper for the
conduct and management of the
business and affairs of this corpora
ton not inconsistent with its char
ter; 1t shall also have full power
and authority to do all acts and
things necessary fer the proper car
rying on of the business of this cor
poration and to carry out the objects
and purposes for which this corpora
ton is organized, including the bJr-
rowing of money necessary for the
business operations of this
corporation, and through the presi-
dent, or some other duly authorized
person or persons, to execute aad
issue therefor notes or other obliga-
tons of this corporation On such
terms as in its judgment may be adj
It shall also have full
power and authority to issue and de-
liver paid shares of stock OF tlis
corporation for money, labor, ser
vices, property or rights actually re-
ceived by this corporation.
The Board of Directors shall have
full power and authority to I'LL al
vacancies that may occur In tas
Board of Directors, and to increase.
but not decrease, the Boards mem
bersh. p at any time, up to the maxi
mum herein provided.
A majority of the directors at any
time in office, present, either in por
son or by proxy, shall constitute q
quorum for the transaction Of any
business; and at any meeting OF the
board, any director absent therefr1m
may be represented by proxy.
ARTICLE VII.
Until the first annual election OF
officers for directors to be held under
this charter, or until their duly quail
flied successors are elected, and In
stalled, the Board of Directors OF
this corporation, subject to increase
as provided in the preceding article.
shall be composed OF
G. A. Baker, Slidell, Louisiana.
J. ]. Dubuisson, Slidell, La.
8. w. Provensal, Slidell, La.
No person shall be eligible as di-
rector or an officer who Is not
stakeholder of the corporation.
ARTICLE VIII.
This charter may be amended, and
the capital stock Of this corporation
may be increased to Twenty Thou
sand (s2O,00O) Dollars, or de:reas-
ed, or this corporation may be dis
solved and its affairs Nquidatej In
the method and manner provided by
law, as now or hereafter in force.
ARTICLE TX.
No stakeholder of this corporation
shall ever be held liable or re-
LA LILO SOhSA oSSo "a
of this corporation in any further
sum than the unpaid balance on tho
stock for which he has sub scrlbed'
nor shall any mere informally IN
organization have the effect OF rem
dering this charter null or OF expos
ing stakeholder to any haoiiity
other than above provided.
Thus done and passed In my once
at SlideIl, St. Tammany Parish, Lou
isiana, on the day, month anG year
first above written, in the presence
of Lillian Meza and Gladys Baaoa.
competent witnesses, who heranA'o
sign their names with said appearers
and me, Notary, after due reading
of the whole.
Here follows list of subscribers
Witnesses:
LILLIAN MEZA.
GLADYS BADON.
S. w. PROVENSAL,
Notary Public.