St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-07-02

edged before "a Notary Public, or
other officer authorized to take afii-
davits.
ARTICLE w.
The domicile of this corporation
shall be in the Town of Cov>ngton
Parish of St. Tammany, State vi
Louisiana, and all citation or other
legal process shall be served upon
the president, and in his absence, as
the law directs.
ARTICLE V.
| All of the powers of this corpora
ton shall be vested in, and the man
agement and control Of it's affairs
shall be exercised by Board of Di-
rectors, to be composed Of not less
than five 60 stockholders, a ma
| jority- Of whom shall constitute a
quorum for transaction Of the bust
ness of the corporation, each OF
whom shall own in his own right,
! during the term Of his office, at least
| one (l) full paid and unpledged
share of the capital stock OF this
corporation.
The officers of this corporation
shall consist OF President, Vice
president, Secretary and a Treas
urer, any Of which officers, excepting
the Pres dent and Vice-president may
be combined by vote of the Board
of Directors. M. .-
The first Board Of Directors Of this
corporation shall be ]. D. Kerr, Geo.
Dendinger, Theo. Dendinger, ST..
Sara Storm Kerr, and j. E. Williams
The officers of the first Board Of
Directors OF this corporation shall
be J. D. Kerr, President; Geo. DEN
dinger, Vice-president, and J. E.
Williams, Secretary and Treasurer.
The said first Board of Directors
and the officers above named shall
serve and remain in office until the
second Monady of May, 1922, or until
their successors shall have been duly
elected and qualified. Annually
thereafter the Board Of Directors
shall be elected by the stockholders,
at meeting called for that purpose,
on the second Monday of May of
each year, and any failure to elect
Directors shall not be regarded as a
forfeiture Of this charter.
At such meetings of stockholders
at which common stockholders and
preferred stockholders are entitled
by law to vote, each stakeholder
shall be entitled to one vote for each
share of stock owned by him and
standing in his name on the books of
the company, which may be cas-. in
the same manner and under the same
restrictions as provided in this char
ter for the voting of both common
and preferred stock.
In the election of Directors, eacl
common stakeholder shall be entitl-
ed to one vote for each share of
stock owned by him and standing in
his name on the books of the COM
pany, and may be cast either in per-
son or by letter, or by duly authoriz-
ed proxy, and majority Of the votes
cast shall elect; but preferred stock
holders shall not be entitled to vote;
nor shall votes be allowed on any
shares Of stock transferred within
thirty days prior to said election.
Any vacancy occurring in the Board
Of Directors shall be filled by the re-
naming Directors for the unexpired
term.
ARTICLE VI.
All meetings of the stockholders
shall be called by written notice,
mailed to the last known address of
each stakeholder, not less than tif-
teen (15) days before the date fixed
for such meeting, unless such notice
has been waived in writing by the
stakeholder
ARTICLE VII.
This act Of Incorporation may be
amended, modified, changer or alter
ed, or this corporation may be dis
solved with the assent Of stockhold-
ers owning tWo-thirds (2-3) OF the
capital stock thereof, who may be
present or represented, at a general
meeting Of the stockholders, conven-
ed for that purpose, and Of which
due notice has been given.
Whenever this corporation shall be
dissolved, either by limitation or
from any other cause, its affairs Shall
be liquidated by three Hquidators to
be selected for that purpose; said
liquidators shall remain in Office an
til the affairs Of said corporation
shall be fully and finally liquidated.
Any vacancy occurring among the
l1quidators, from any cause whatso-
ever, shall be filled by the remaining
liquidators. Said liquidators shall
exercise all Of the rights conferred
upon them by law and they are es-
pecially empowered to settle the al
fairs Of said corporation, to collect
the outstanding debts, sell and con-
Vey the property, pay its debts, and
divide the remaining, money and
property among the stockholders. .,,~l
ARTICLE VIII.
No stakeholder shall ever be held
liable Or responsible for the contracts
Of this corporation in any further
sum than the unpaid balance due by
him on the shares Of stock subscrib-
I'd to or owned by him; nor shall
any mere informality in the organi-
cation of this corporation have the
effect Of rendering this charter null,
or Of exposing any stockhilder 20
my further liability than the un-
paid amount which may be due on
this stock subscription.
ARTICLE TX.
The subscribers hereto have re-
specially written Opposite, THAR.
names the amount Of stock subscrib-
ed for by them so that this act may