St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-05-01
THE ST. TAMMANY FARMER covlNGToN La SATURDAY.

ing, the person holding stock at the
time shall have the right to take
shares of the additional or increase
ed stock, proportionate to the num-
Der Of shares owned by him, and any
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 V.
All 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 seven (7)
stockholders, a two-thirds majority
Of whom shall constitute a quorum
| for the transaction of the business
OF the corporation. The Directors
shall be elected annually by ballot
| by the stockholders, On the third
Monday of May of each year. Each
stakeholder shall be entitled in per
son or by proxy, to vote for every
share owned by him, and all elac-
tions shall be held under such rules
and regulations as may be deternlin-
| ed by the Board of Directors; the
| Directors thus elected shall continue
tn Office for one year, or until their
| successors have been duly elected
| and qualified. No failure to elect
| shall be regarded as a forfeiture of
this charter. Any vacancy occurring
| on said Board shall be filed by the
remaining Directors for the uneX-
pired term.
The Board of Directors shall, at
It's first meeting after it's election,
nominate out of its number Presi-
dent, a Vice-President and a Secre-
tary-Treasurer; said Board shall |
have the right to appoint and dis
| miss clerks, managers and other EN-
| ployeea Of the corporation as the In
terests and business of the 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 and all meetings Of the Board |
Of Directors. |
ARTICLE VI.
Until the election Of officers to be |
held on the third Monday of May, |
1921, the following named persons |
shall constitute the first Board OF |
Directors, viz:
Andrew Peter, postoffice Madison
Vile, Louisiana.
Barbara Currow, postof1ce Madi. |
sonville, Louisiana.
Anthony A. Peter, postoffice Madi-
sonville, Louisiana.
Joseph A. Peter, postof1ice Madi-
,onville, Louisiana.
Henry J. Peter, postof1ce Madi- |
;onville, Louisiana.
Rudolph J. Peter, postoff1ce Madi
,onville, Louisiana.
AdelIa C. Patecek, postoffice Mad;-
sonville, Louis ANA,
with said Andrew Peter as PreJ-
dent, Henry J. Peter as Vtee-Presi-
dent. and Adelia C. Patecek as Sec
ARTICLE VII.
No stockholder shall be liable or |
responsible for, the contracts, faults |
and debts of said corporation, nor
shall any mere informally in its
organization have the effect of rer-
dering this charter null, or of ex-
posing a stakeholder to any liability |
beyond the unpaid balance due on
the shares owned by him.
ARTICLE VIII.
This act of incorporation may be |
changed, modified or altered or this |
corporation may be dissolved with |
the assent of the stockholders own
{nr $vrN hip1c re ctr Of ha
corporation, at a general meeting |
convened for that purpose, and after |
at least fifteen (15) days written
notice of the meeting having beeE |
given through mail, addressed to
each shareholder, at his last known
place of residence.
In case of dissolution by the ex-
piration OF this charter. or other
wise, the stockholders shall elect |
two (2) liQuidators among thei:
number, to Hquidate and settle the
business and affairs of the corpora
ton.
In case of disa bility of any of sid
commissioners or liquidators, the |
survivors or the remaining liquidat |
ors shall appoint a successor to him.
Thus done and passed in my Office
on the day, month and year frs
above written, in the presence o;
Cable Boudousquie and Jos. Stanga,
competent witnesses, who have sign
ed with said appearers and me, said
Notary, after reading of the whole,
Original signed)
Andrew Peter, ......... 10 shares
jacksonville, La.
Barbara Currow, ....... 10 shares
jacksonville, La.
Anthony T. Peter, ...... 10 shares
jacksonville, La.
Joseph A. Peter, ....... 10 shares
Madisonvilie, La.
Henry J. Peter, ........ 10 shares
jacksonville, La.
Rudolph J. Peter, ...... 10 shares
jacksonville, La.
Adelia c. Peter, ....... 10 shares
jacksonville, La.
Witnesses:
GABLE BOUDOUsQUIE.
JOSEPH STANGA,