St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-06-25

I1siana, and on surrender1ng the GER
tifcate therefor. No transfer Of any
fractional part Of a share shall be
made.
This corporation shall be author
lied to commence doing business as
soon as Fifty Thousand ($50,O00)
Dollars Of the capital stock shall
have been subscribed for. The stock
subscribed for shall be paid upon call
OF the Board ut 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.
w. ARTICLE Nv.
The corporate powers OF this coz
poratlOn snail be vested III its BoalA
or Directors, to be composed Of nu,
less than three nor more than eight.
but may be nXed within those limits,
all or WnOm shall De stockholders u
this corporation. SAID Board or u
rectOrs small be elected annually ~
the stockholders on the nrst Tuesda
OF july i'll each and every year, wnlv,
annual meeting or the slOckhUiuess
shall Dc neld at The Olilce OF the couu
pany III CovlngtUn, Louisiana, ..
which meeting notice shall Ue give.
at least nfteen l. l5) days contluuOu.s
publication Immediately preceding
such election in paper published IL
the Town OF CoVlngton, Louisiana, u
by ten lO) days written nolIce to
each stakeholder. The first election
hereunedr 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
T. Rausch, A. E. Lucas, w. e.
Rhodes and H. a. Black Any va
cancy occurring in the Board of Di-
rectors during its term Of office shall
be TILED 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
I 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 its number a president,
a Vice-presldent, 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 ?. Rausch,
president; A. e. Lucas, vice-presl-
dent and secretary, and W. c.
Rhodes, treasurer.
Any failure from any cause what
ever to elect directors on the date
named for that purpose shall not dis
solve this corporation, but the direc-
tors then in Office, as well as the Of
ficers 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 vice-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 a majority il
amount OF votes cast, each share OF
stock voted upol to be counted for
OH ali no
persons for whom they have been
cast.
5.~ ARTICLE ".
1t shall be lawful for the stock
holders Of this corporation, at gen
eral meeting convened for that pur-
pose, to make any notifications, adj
ditions or changes in this act Of in
corporation, Or to dissolve 1t with
The assent Of three-fourths Of the
stock represented at such meetings.
Notice Of such meeting, shall be given
as prescribed in Article " 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 Or
owned by him, Tor shall any infor-
mality In organization have the e;-
feet of rendering this charter null
or Of exposing a stakeholder to an
liability beyond the unpaid balann,
il any, of his stock.
ARTICLE VII.
In case Of dis solution or term
ton of this corporation, thor
limitation of its charter or from AZ
other cause, the liqufdat OH Of i!
affairs shall be conducted By thrG
CD liquidators selected from
stockholders Of the company by
majority Of the votes cast at a men.
ing called for that purpose aft".
notice shall have been given as pre-
vided In Article " hereof for thu
election Of directors. Said iquidat-
ors shall remain in Office until the
affairs of said corporation have been
fully liquidated. In case of the
death OF one or more Of the liquidat-
ors, the survivor or survivors shall