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

isiana, and on surrender1ng the GER
tificate therefor. No transfer Of any
fractional part of a share shall be
made. .@ua:-."
This corporation shall be author
lied 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 IT 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 ".
| The corporate powers OF this cor
poratlon shall be vested III its Board
OF Directors, to be composed Of not
| less than three nor more than eight.
| but may be liked within those limlta,
all OF whom shall De stockholders OF
| this corporation. Said Board OF u
rectOrs shall be elected annually ~
] the stockholders on the llrst Tuesd;..
OF july in each and every year, Wh4u4s
| annual meeting CT the SLOchnOIue:o
shall De held at the Olilce or Inc cOn.
pany III COVinglOn, LOUISIANA, u.
which meeting notice shall De give.
at least Ifteen t lo) days cont1nuou.
| publication Immediately precedlu.
such election in a paper published II
| no <,f nj,
by ten (1O) days written notice |.
each stakeholder. 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
+. Rausch, &. e. Lucas, w. g..
Rhodes and H. a. Black. Any va
cancy occurring in the Board Of d.
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 a quorum for
the transaction of business and their
decisions shall be valid corporate
/ acts.
At the annual meeting Of the Board
of Directors to be held on the first
Tuesday OF July, 1922, and annually
thereafter, the said Board shall elect
from among it's number a president,
a e-president, who may also be
secretary Of said corporation, a 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, to-Wit: John z. Rauscn
president; A. e. Lucas, Vice-presl-
dent and secretary, and w. g
Rhodes, treasurer.
, Any failure from any cause what
ever to elect directors on the datt
named for that purpose shall not dis
, solve this corporation, but the direc
tors then in Office, as well as the Of
, fcers Of this company, shall hole
over until their successors are chosen
In such event the president shall
t cause another election to be held II
: thirty 900 days, and shall Civ.
notice thereof as above provided.
: dent the ylce-president shall act ant
/ preside.
: At every election and meeting eacl
r stakeholder shall be entitled to on
: vote for each share of stock register
. ed In his name, and may vote b.
!. proxy. The election OF director
shall be by ballot, and a majority j;
: amount Of votes cast, each share Q
: stock voted upOl to be counted TO
! one vote, shall elect the person 0
J persons for whom they have bee
: cast.
/ ARTICLE v.
r 1t shall be lawful for the stock
s holders of this corporation, at a gen
r eral meeting convened for that pur
! pose, to make any notifications, ad
+ ditions or changes in this act Of in
), corporation, or to dissolve 1t wit
4 Che assent OF three-fourths Of tn
: stock represented at such meetings
f Notice Of such meeting shall be give
as prescribed In Article " hereo
: for the election Of directors.
t ... ARTICLE vi.
No stockholdor OF this corporation
G shall ever be held liable or re
!, sponsible for the contracts or fault
d thereof in any further sum than tn
r unpaid balance Que the company o.
! the shares OF stock subscribed for Q
S owned by him, Tor shall any infor
. mality in organization have the 81
: feet Of rendering this charter nui
: or Of exposing stakeholder to a.,
I liability beyond the unpaid balan::,
I If any, of his stock.
y ARTICLE VII.
: In case Of dissolution or EN-
: ton Of this corporation, Their
limitation of it's charter or from :
n other cause, the liqu dat Oh of
: affairs shall be conducted by thr
+ 60 liquidators selected from
/ stockholders Of the company by
n majority Of the votes cast at a NEE
: ing called for that purpose afta
/ notice shall have been given as pre-
q vided In Article w hereof for tn
4 election Of directors. Said liquida1
ors shall remain in office until tn
: affairs Of said corporation have bee
y fully liquldated. In case Of tn
: death of one or more of the liquidat
: ors, the survivor or survivors shal
: continue to act
Il Thus done and passed at nv no