St. Tammany farmer., 1921-08-06
THE ST TAMMAY FARMER SATURDAY AUGUSTA 1921
modified with the consent of the
stockholders owning three-fourths

modified with the consent OF the
stockholders owning three-fourths
(3-4) of the issued stock of this cor
poration; all as is provided by Act
1857 of the General Assembly of the
State of Louisiana for the year 1914
and the amendments thereto, at
n. .eeting of the stockholders conven-
ed for that purpose and after due
notice shall have been given to each
| of said stockholders as provided for
in Article V of this charter or Act OF
Incorporation, except that whenever
in the Judgment Of the Board OF Dl-
rectors it shall he deemed advisable,
/ and for the benefit of said corpora
ton that it should be dissolved, the
Board Of Directors within ten (1O)
days after the adoption of resolt-
ton to that effect by majority OF
the whole Board of Directors, at
meeting called for that purpose, OF
which meeting each Director shall
| have received at least three CD days
| notice, shall cause notice of the
adoption Of such resolution to be
mailed to each stockholder, together
with a notice Of the meeting OF
stockholders to be held in the oftlce
of the corporation to take action up
on the resolution so adopted by the
Board of Directors. In case OF the
i dissolution OF this corporation, by
the expiration of its charter or other.
wise the stockholders eshall elect
three CD stockholders from among
| it's members who shall haFe full pow
er and authority to liquidate and
settle the business and affairs of this
company. In case of death or dis
ability of any of said liquidators, the
survivor or survivors shall appoint
successor or successors to him or
them.
ARTICLE VIII.
Until the election to be held on
June 1, 1922, the following stock
holders shall constitute the first
Board of Directors:
John P. Rausch, John T. Rausch,
E. Watson Wood, Edward Daniel
Wood, H. A. Black and W. c..
Rhodes, with the said John P.
Rausch as President; H. A. Black as
Vice-President, and b. Watson Wood
as Secretary Treasurer, the respec-
tive addresses of these officers and
directors being as follows: john p.
Rausch, Abita Springs, Louisiana;
John T. Rausch, Abita Springs, Lou
isiana; E. Watson Wood, 521 Hi
bernia Bank Bldg, New Orleans,
La; Edward Daniel Wood, 521 Hi
bernia Bank Bldg, New Orleans,
La; H. A. Black, SCI Hibernia Bank
Bldg, New Orleans, La; W. c.
Rhodes, 521 Hibernia aBnk Bldg,
New Orleans, La.
ARTICLE TX.
i The capital stock of this corpora
u ton, after having been transferred
8 from this company to "a subscriber
e thereof, shall not be sold or trans
II ferred or offered for sale or trans
y fer by said subscriber without first
y having offered said stock to this cor
u poration at the then market or book
L value thereof, which market price
e shall be ascertained from the then
i prevailing market price Of such
IT stock, if such a price prevail at such
rs time, when if not 1.-THE book value Vi
! such stock shall be ascertained either
:. by an agreement of the parties or O
c. two competent and experienced busi
ID ness men, one to be chosen by the
ID subscriber, and the other to be chos
!. en- by the corporation, or the stock
'e holder or stockholders prospective
ID purchaser or purchasers, when j
7a said two parties cannot agree. upol
G a book value, said two parties SC
Dr. chosen to choose third party, Whel
or the majority opinion shall prevail
y In the event of the demise Of hold
III er or holders Of the stock of thi;
m corporation, the Administrator, EX
re ecutor or Representative of his estatt
o1 is to Immediately tender such stoci
IL to this corporation and the stock
T. holders hereof, on the same basis I'M
n less it is desired to retain this stock
'e as a part of the estate of said de
n, ceased stockholder. Such offer ane
e. tender to be made by the holder o.
1t holders of said stock to this corpora
We tion and the stockholders thereof, b,
go mailing Of registered letter. con
1e tanning such offer or tender, address
OF ed to the last known address Of thi
nj corporation or said stockholders
~ Such offer, or tender to remain opel
OF for period Of thirty days from tin
date of the mailing of said register
ed letter, when If not availed OF
Id said holder or holders to be reelase'
n to make sale or transfer as he see
is fit. In the event of this corporation
n not ayailing itself Of such offer o
We tender, such stock so offered to %
er equally pro rated between the stock
RS holders of this corporation, shoui
ry they so desire to avail themselyc
of thereof, when if they do not, sue!
d. stock might be purchased by sue
he stockholder or stockholders SO desl1
an ing to acquire same, in simila
id proportion. To such extent al
he stock issued by this corporation sha]
all be non-negotiable, when this nor
at negotiability shall be evidenced O
yl- the face Of each certificate SO issue
Id by a rubber stamp, the nature c
re which is evidenced in the marg;
re hereof opposite this paragraph.
10, ARTICLE x.
as The subscribers hereto have Wri
ne ten opposite their respective name
pe the amount of stock of this corpora
ne tion subscribed to by each of them.
al Thus done and passed in my oflic
ma at the City Of New Orleans, Louis
Id ana, on the day, month and year tir:
or hereinabove written in the presene
ne Of Isaac S. Heller and Gatien
tr. u,i4 tn Iyh