St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1920-06-12

tue ueAL succeeding udy WHICH IL not
legal holiday. All such elections
shall be by ballot at the office If !
tbs corporation, under the super
vision of three 60 commissioners,
to be appointed by the Board of Di-
rectors, and in the absence of any
commiss .oner, the president shall
have the power to fill the place by
appointment. Of all such elections,
as we'll as of all meetings of stock
holders, except for the purpose of
liquidation and dissolution, or other
wise required by law, fifteen 15i
days notice shall be given by mail
as such on the books of this corpora
tion at his last designated address,
or care of general delivery at Slideli,
If he has not designated an address,
notice stating the time and place
of the meeting.
Each stakeholder shall be entitled
! to one Cd vote for each share Of
stock in his name on the books : (
this corporation, to be cast in pe"-
son or by proxy, and majority Of
the votes cast shall elect. Failure
to elect directors on the day alb I've
specified shall not dissolve this cor
poration, but the directors then in Of
flee shall remain in Office until tn cir
successors are elected and qualified.
Due notice of election shall be c'h-
tinued to be given until and election
is held.
ARTICLE vi.
The Board of Directors, in tbs
Il 4o1-
4, the charter is signed and as often
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 It's first meeting each Board Of
Directors shall elect from its mem
bership a 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 sec
rotary and treasurer, neither Of
|
or director, but may be either stock,
holder, director or other officer. The
Board of Directors, if it may dean
; fit, may appoint one person to be
| secretary and treasurer and from
time to time, as it sees fit, appoint
Or employ such other employees as it
shall deem necessary. The Board
of Directors shall have full power
/ and authority to fix the salaries OF
, al officers and of all other employees
as it deems necessary and to make
and establish, as we'll as to alter and
; amend, all bylaws, rules and regula-
: lions necessary and proper for the
. conduct and management Of the
) business and affairs of this corpora
ton not inconsistent with its char
ter; it shall alse have full power
and authority to do all acts and
things necessary for 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
i. rowing Of money necessary for thf
;. ordinary business operations Of this
corporation, and through the presi
dent, or some other duly authorized
person or persons, to execute ana
Issue therefor notes or other obliga
. lions of this corporation on such
terms as in its judgment may be adj
j., vanta geous; it shall also have fIl
power and authority to issue and de
. liver paid shares of stock of t1i;
!" corporation for money, labor, ser
y vices, property or rights actually re
:, ceived by this corporation.
The Board of Directors shall hav
full power and authority to fill a.
:, vacancies that may occur In ia
= Board of Directors, and to increase
:, but not decrease, the Boards mem
- bersh:p at any time, up to the maxi
- mdm herein provided.
- A majority Of the directors at an.
~ time in office, present, either In por
~ son or by proxy, shall constitute
quorum for the transaction of an,
business; and at any meeting Of tn
board, any director absent therefr IN
may be represented by proxy.
70 ARTICLE VII.
- Until the first annual election o
:. officers for directors to be held undo
- this charter, or until their duly quail
~ flied successors are elected, and in
y, stalled, the Board of Directors Q
- this corporation, subject to increas
:, as provided in the preceding article
- shall be composed Of
~ G. A. Baker, Slidell, Louisiana.
% J. J. Dubuisson, Slidell, La
=, S. w. Provensal, Slidell, La.
% No person shall be eligible as d.
. rector or an officer who Is not
stakeholder of the corporation.
ARTICLE VIII.
+ This charter may be amended, an
g. the capital stock of this corporatio
= may be increased to Twenty Thou
ID sand ($20,000) Dollars, or decreas
9s ed, or this corporation may be dii
y solved and its affairs liquidatel
the method and manner provided b
g. law, as now or hereafter IN force.
III ARTICLE TX.
ID No stakeholder Of this corporatio
le shall ever be held liable or II
OF sponsible for the contracts or fault
10 of this corporation in any furthe
ce sum than the unpaid balance on tt
"a stock for which he has subscribed
al nor shall any mere informally
'l- organization have the effect Of rel
r dering this charter null or of expo
Co ing a stakeholder to any liza Dill!
a. IL