St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-10-23


shares Of the par value of one hun.
dred (S100) dollars each; he
amount Of each share shall be paid
for In accordance with law, and this
corporation shall be operative and
go into business when its entire
above capital stock shall have been
subsc. ibed and paid for, to-wit at
the execution of these presents.
However the amount to which tho
capital stock of this corporation may
be increased, shall be thirty thou.
sand ($30,000) dollars. No traaa-t
fer of stock shall be binding upaa
this corporation unless same appears
ON the books Thereof.
No stakeholder shall have the
right to assign or transfer any share
or shares held by him unless he shat
have hrst offered same in writing TO
the Board OF Directors, who shall
have the first opportunity to pdrs
chase same at the book value there
Of; and should the said Board IF
Diree .ors fail or refuse to purchase
said Atock within thirty days from
said notice, the shareholder offering
said stock may sell or dispose CT
same to any other person whasso.
ever. The signers OF this charter
with shares opposite their names
constitute "Subst Upton List" ofgthis
corporation.
+ ARTICLE ~.
i. The corporate powers OF this
corporation shall be vested In a.
Board OF Directors to be composed OF
Ave directors, three OF whom shall
constitute q quorum for the transas-
ton OF business, to be elected by tSs
stockholders at q general meeting to
be held on the third Monday n
October of each year, beginning On
the third Monday in October, 1871.
;. At all meetings of elections Of
this corporation, each stockholdsr
shall be entitled to one vote for ea.h
share of stock standing in his name
on the books of the company, which
| vote shall be cast in person or by
proxy
8. The Board of Directors shall
have tho power to make all by-lawA,
rules and regulations necessary for
the conduct of the business Affairs OF
said corporation; shall elect from
| their number q President, Vice
President and a Secretary-T Treasurer.
4. Unit. the election to be held
as horeinahove provided, the follow
ing shall constitute the first Board
Of directors:
Marcel J. Cousin, Bonfouca, LIS,
Louis l.. Bernard, 1443 N. Broad
street, New Orleans, La,
Loais v. Menard, 1113 N. Dup.e
street, New Orleans, La,
Mics Marie Cousin, Bonfouca. La
Mrs. Laure Tabary, Bonfouca, Is
| with Marcel j. Cousin as president
and general manager, Louis L. Ber-
nard, as vice-pres: dent, and Louis V.
Mena1d as secretary-treasurer.
Vacancy In Board of Directors 70
be filled by remaining members.
ARTICLE v.
No ktockb older shall be held liable
or responsible for the contracts or
faults of this corporation In any ful-
| Their sum than the unpaid balance
due the company on shares Of Stock
owned by him, nor shall any insor-
mality in the organization hereaa
| uas0 lu0 0ASCk VI LOuQoElW3 SAl9
charter null or Of expos ing any stock
holder to any liability beyond the ua-
paid balance due on hiA stock. BAIL
ure at any time to hold meetings or
elect directors or officers az hsreta-
above provided shall not work fo..
feitu1e OF this charter, or dissolve
the corporation. but the NxistiAg
| Board of Directors and ofiicare shall
continue in office until their succsae-
ors have been elected, which election
shall be held az soon a. possible.
Thus done and psssed Of my Of
dee In the City of New Orleans. e@
the date first above named. In the
presence of Messrs. Lawrence @. Boz
Diet and Peter q. Barre, competsas
witnesses, who have hereunto sugnsd
their names with the said eppeaPera
and me, Notary, after due reading OF
the whole.
| Original signed,