St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-05-08
CHARTER
of the
ST. TAMMANY CONSTRUCTION
COMPANY, INC.
United States of America, State of
Louisiana, Parish of St.
Tammany.

ouooSIADCuy oil VI lull age, WHO ub-
clared that, avaiTsng themselves of
the provisions of the laws of this
State relative to corporations, and
especially of Act No. 267 of 1914 Of
the General Assembly of Louisiana,
they have covenanted and agreed.
and by these presents covenant and
agree and bind themselves, as we'll
as such other persons as may here
after become associated with them,
to form and constitute a corporation
and body polite in law, for the pur-
Iposes and objects and under the
stipulations, articles and conditions
following, to-Wit:
ARTICLE I.
The name and title of the said
corporation shall be
''St. Tammany Construction, Com
pany, Incorporated"
and its domicile is hereby establish
ed in Covington, State of Louisiana;
and, under it's said corporate name,
said corporation shall have power
and authority to contract, sue and be
sued; to make and use a corporate
seal, and the same to break and alter
at pleasure; to hold, receive, have,
purchase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and
hypothecate, under it's said corpor-
ate name, property, real, personal,
and mixed; to name and appoint
such officers, directors, agents and
managers or employees as the inter
est or convenience of said corpora
tion may require; to make and es
tablish bylaws, rules and regula
tions for the proper management and
regulation of it's affairs as may be
deemed necessary and proper, and
the same to change and alter at
pleasure; and to do all other acts
and things permitted by law, or as
shall or may be necessary and proper
to carry out the objects and pun
poses of said corporation.
Said corporation, unless sooner
| dissolved in accordance with It's
charter, shall exist and continue for
the period of ninety-nine years from
and after the date hereof.
The president, or, in his absence,
the vice-president, shall be the per-
son upon whom citation or other
legal process shall be served.
ARTICLE II.
The objects and purposes for
which this corporation is organized,
and the nature of the business to be
carried on by it are declared to be
the following, to-wit:
To build and construct roads and
bridges; to pave streets and side
walks; to construct and contract for
the construction of drainage, sewer
age and water system; to build
levees and canals; to build railroads
and railroad embankments and
bridges; to contract and to perform
all manner of works of public or
private improvements; to own, have,
buy, sell, lease and mortgage ma
chinery, live stock and all other
things that may be required in the
conduct of it's business; to establish
and operate workshops; to purchase,
hold, mortgage, improve, rent, lease,
convey and otherwise acquire or dis
pose of property, real, personal and
mixed; and to do and perform al
other things requisite, necessary or
convenient to enable 1T to carry out
the objects and purposes above set
forth.
ARTICLE II.
The capital stock of this corpora
tion shall be the sum of Twenty
Thousand ($20,00O Dollars, divld-
ed into and represented by two hun
drcd (200) shares of the par value |
of one hundred ($100) dollars each, |
which stock shall be paid for in cash. |
or the same may be issued and de- |
livered in payment for actual SER |
vices rendered the company, or in |
exchange for property or rights |
transferred to or received by said |
company; but no stock shall ever be |
issued except at it's par value for |
cash, or for services actually render |
ed, or property actually transferred. |
The capital stock of said corpora
tion may be increased to a sum not |
to exceed Two Hundred Thousand |
$200,000) Dollars, at the pleasure |
Of the Board of Directors, in whicn |
event, during the period between the |
call Of the meeting for the purpose |
Of increasing the capital stock and |
the meeting, the persons holding |
stock at the time shall have the right |
to take shares of the additional or |
increased stock proportionate to the |
number of shares owned by them, |
and any shares not taken at the ex-
piration of such period may be dis
posed of by the Board of Directors
for the benefit of the stockholders |
at not less than par value.
Any stockholder may sell, assign |
or transfer his stock in this corpora
ton, provided thirty (3O) days |
prior written notice of such inter
tion to sell, assign or transfer the
same be given the company, and the |
stockholders thereof shall have first |
privilege of purchasing same, after
which thirty (30) days notice the
said stock may be sold in the open
market.
The capital stock of this corpora
tion shall be non-assessable, and may
be transferred under the above con-
ditions, provided, such transfer |
thereof be made On the books Of said |
company at it's Office at Covington,
Louisiana, and on surrendering thu
certificate therefor. No transfer of |
any fractional part of a share shall |
be made.
This corporation shall be authtr-
ized to commence doing business as
soon as ten thousand ($10,000) dol
T. oe fo1 oh ho1