St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-07-09

isiana, and on surrender1ng the GER
tificate therefor No transfer OF any
| fractional part of a share shall be
made.
This corporation shall be author
tied to commence doing business as
soon as Fifty Thousand ($50,000)
Dollars of the capital stock shall
have been subscribed for. The stock
subscribed for shall be paid upon call
of the Board ct Directors in such
amounts and at such times as the
said Board shall prescribe, with at
:! least ten days notice in writing to.
the subscribers.
ARTICLE Nv.
The corporate powers Of this cor
pOration shall be vested III its Board
| OF Directors, to be composed OF uot
less than three nor more than eigIll.
but may be fixed within those limits,
| all OF whom Shall be stockholders *ul
| this corporation. Said Board OF d.
rectors shall be elected annually u,
the stockholders On the first fuesda.
Of July in each and every year, Wn4l..
annual meeting CT the sLOuhnoIde:s
shall be held at the office or the con.
pany in Covingt0n, Louisiana, u.
which meeting notice shall DE give.
at least fifteen l. l5) days contlnuOu-
publication Immediately precedln.
such election in paper published liz
the Town OF COYington, LOUISIANA, y.
by ten (lO) days written norlce 70
each stockholder. The first election
hereunder shall be held on the first
Tuesday OF July, 1922, until which
time the following persons shall be
and constitute the Board OF Direc-
tors OF this company, to-wit: John
P. Rausch, A. E. Lucas, w. c.
Rhodes and H. A. Black. Any va
cancy occurring in the Board OF Di-
rectors during its term of office shall
be filled by election by the remain
ing members Of the board.
A majority Of the members Of the
board shall constitute quorum for
the transaction OF business and their
decisions shall be valid corporate
acts.
OF Directors to be held on the first
Tuesday Of July, 1922, and annually
thereafter, the said Board shall elect
from among its number a president,
a Vice-president, who may also be
secretary Of said corporation, treas
urer and such ether officers as may
be necessary, and the said officers
shall hold office tor one year, or I'M
til their successors are elected. I'm
til the first election the following
are declared to be the officers of this
corporation, towit: John z. Rausch,
president; A. g. Lucas, yice-presl-
dent and secretary. and w. G.
Rhodes, treasurer.
! Any failure from any cause what
ever to elect directors Oh the date
named for that purpose shall not dis
solve this corporation, but the direc-
tors then in office, as well as the Of
t1cers Of this company, shall hold
over until their successors are chosen
In such event the president shall
cause another election to be held in
thirty 500 days, and shall give
notice thereof as above provided.
During the absence Of the presi-
dent the yice.president shall act and
preside.
At every election and meeting each
stakeholder shall be entitled to one
vote for each share Of stock register
, ed In his name, and may vote by
proxy. The election of directors
shall be by ballot, and majority il
amount Of votes cast, each share OF
: stock voted upo1 to be counted for
one vote, shall elect the person OF
persons for whom they have beer
cast.
ARTICLE V.
It shall be lawful for the stock
holders of this corporation, at a gen.
eRal meeting convened for that pur-
pose, to make any notifications, ad.
ditiOns or changes in this act Of in.
corporation, or to dissolve it with
stock represented at such meetings
Notice of such meeting shall be givea
as prescribed in Article Nv hereof
for the election of directors.
ARTICLE VI.
No stockholder Of this corporation
!, shall ever be held liable or re-
sponsible for the contracts or fault:
thereof in any further sum than the
unpaid balance que the company on
the shares of stock subscribed for O.
owned by him, Tor shall any infor-
mality In organization have the Ell
feet of rendering this charter null!
or Of exposing a stakeholder to III
liability beyond the unpaid ba.an@,
il any, of his stock.
ARTICLE VII.
In case of dis solution or terra.
ton of this corporation, Their
limitation of it's charter or. from a?
other cause, the liQu:dat.on of il
affairs shall be conducted by thrE
CD liquidators selected from
stockholders Of the company by
majority of the votes cast at NEE
ing called for that purpose aft"r
notice shall have been given as pra
vided in Article w hereof for Tx
election OF directors. Said liquida1-
ors shall remain in Office until the
affairs Of said corporation have been
fully liquidated In case of the
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