St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-01-15


who snail have fifteen l15) days in
which to purchase the same, and ali
transfers to be binding upon the cor
porarion, and shall be recorded up
on it's books.
ARTICLE V.
ALI of the corporate powers of this
corporation and the management and
control OF it's affairs shall be vested
in and exercised by a Board Of Di-
rectors, composed Of not less than
three or more than five stockholders,
a tWo-thirds majority Of whom shall
constitute quorum for the trans
action Of the business OF the corpora
ton. The Directors shall be elected
annually by ballot by the stockhold-
ers on the first Monday of January
Of each year. Each stockholders
shall be entitled in person or by
proxy to vote for every share own
ed by him, and all elections shall be
held under such rules and fegula
lions as may be determined by lue
Board of Directors; the Directors
thus elected shall continue in office
n one year, or until their successors
have been duly elected and qualified.
No failure to elect shall be regarded
as forfeiture Of this charter; any
vacancy occurring in said Board shall
be filled by the remaining Directors
tor the unef1pired term.
The Board of Directors, shall, at
its hrst meeting after it's election,
nominate out OF its numDer a Presl-
dent, Vice-President and a Secre-
rary-Treasurer; said Board shall
nave the right TO appoint and dis
miss clerks, managers and other EN-
ployees OF the corporation as the II.
teresLs and business OF same may 1e7
uuAre; any OF the Directors sua4.
nave The right to appoint, Dy written
Instrument, another directors as III.
proxy, to act i'll his stead, at any ana
ak meetings of the Board OF L..
rectors.
... ARTICLE vi.
Until the election of officers to be
held the first Monday in January,
1921, the following named persons
shall constitute the first Board OF
Directors:
George H.. Koepp, postofhce Ram
say, Louisiana,
John J. Posey, postof1ce Coving-
ton Louisiana,
Frederick L. Alexander, postoflce
Covington, Louisiana,
with George H. Koepp as presid lent;
John j. Posey as vice-president, and
Frederick L. Alexander as secretary
treasurer.
ARTICLE VII.
No stockholder shall be liable or
responsible for the contracts, faults
and debts Of said corporation, nor
shall any mere informality in its or
ganization have the effect Of render
ing this charter null or Of exposing
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
ing tWo-thtrds OF the stock of the
corporation, at a general meeting
convened for that purpose, and after
at least fifteen (15) days written
notice of the meeting having been
given through mail, addressed to
each stokholder, at his last known
place of residence.
In case OF dissolution by the ex-
p1ration Of this charter, or otherwise.
the stockholders shall elect two (2)
liquidators from among their num-
Der, to liQu1date and settle the bust
ness and affairs OF the corporation.
In case of disability Of any of the
said commissioners or HQuidaators
the survivors or the remaining liqul-
dators, shall appoint a successor to
him.
Thus done and passed at my Office
on the day, month and year first
above written, In the presence Of
Cable >BOudousQuie and Cecile War
rem, competent witnesses, who have
signed with said appearers and me,
said Notary, after reading Of the
whole.
Original signed.
George H. Koepp, Ramsay, Lou
isiana, 500 shares.
Frederick L. Alexander, Coying-
ton, Louisiana, 81 shares.
John J. Posey, Covington, Louisi-
ana, 16 shares.
Witnesses:
Gable BoUDoUsQUIE.
CECILE WARREN.
THOS. M. BURNS,
Notary Public.
A true copy Of the original.
THOS. M. BURNS,
Notary Public.
STATE OF LOUISIANA, I
Parish OF st. Tammany.
I certify that this instrument was
filed for record Dec. /, 1920, at 10 a.
NJ, and recorded December /, 1920,
in Charter Book l, page 1856, OF the
official records.
GUY A. SMITH,
Dy. Clerk Of Court and Ex-Ofacio
Recorder. ) daft
SUCCESSION NOTICE.
Succession of Dewitt Lawler.