St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-07-30

Value OF SucQ STOCK.
Any transfer of stock made in
violation of the provisions Of this
article shall not be recognized by
this corporation.
The capital stock Of this corpora
ton may be increased not to exceed
Two Hundred and Fifty Thousand
ts250,000.O0) Dollars. by vote ot
two-t thirds (2-3) of all the issued
STOCK OF this corporation at a special
meeting for that purpose. of which
not more than thirty 600 per cent
may be preferred stock, and Whica
preferred stock shall be subject to
retirement, and which common stock
may be subject to corresponding in
crease, on the same basis as herein
before provided for under the CAPT
talization OF One Hundred Thousand
| ($1OO,O00.0O) Dollars; said increase
shall be determined by vote of two
thirds( 2-3) of all the issued stock
| of this corporation at special meet
ing called for that purpose, after
fifteen (15) days notice shall have
been given in person or by mall to
| each stockhelder, unless said notice
has been waived in writing by the
stakeholder.
| In case of absence, sickness or
other disability to act, each holder
of stock, whether common or pre-
| ferred, shall have the right to APP
point a stakeholder as proxy to rep
resent him at such meetings at which
said stakeholder may have the right
1 ~, hou ri OF
and powers of his constituent, or he
may send his vote by letter. the sig,
nature of which nuts be acknoWl-
edged before Notary Public, or
other officer authorized to take afti-
davits.
ARTICLE W.
The domicIle of this corporation
shall be in the Town of Gov :ngtOn,
Parish of ST. Tammany, State of
Louisiana, and all citation or other
legal process shall be served upon
1.-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 its affairs
shall be exercised by Board OF Di..
rectors, to be composed OF not less
than five 60 stockholders, ma
iority 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 % full paid and unpledged
share of the capital stock of this
corporation.
The officers OF this corporation
shall consist of President, a Vice
president, Secretary and Treas
| urer, any of which officers, excepting
the President and Vice-president may
| be combined by a vote OF the Board
of Directors.
The first Board Of Directors of this
corporation shall be J. D. Kerr, Geo.
lDendinger, Theo Dendinger, Sr.,
Sara Storm Kerr, and ]. 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. +.
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
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 cast in
I 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 filed by the re-
naming Directors for the unexpirel
iterm
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 If
lteen (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 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