St. Tammany farmer., 1921-01-01

tered to the remaining stockholders,
who shall have fifteen ll5) days in
which to purchase the same, and ali
transfers to be binding upon the cor
poration, and shall be recorded up
on it's books. -
ARTICLE V.
All of the corporate powers of this
corporation and the management and
control OF its affairs shall be vested
in and exercised by a Board OF Di-
rectors, composed Of not less than
three or more than tive stockholders,
a two-thirds majority of whom snail
constitute a 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 lie
held under such rules and regula-
tions as may be determined by Tue
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 nlled by the remaining Directors
for the unef1pired term.
The, Board of Directors, - shall, at
its first meeting after its aelectlon,
nominate out OF it's number a.sfresl-
dent, a attVice-President and. a4Secre-
tary-Ireasurer; said Board sna.l
nave the. right to appoint and dis
miss clerks, managers and other en-
pAO5 eeS, OF the corporation as Tie ,lust
terestS ana BUSINESS ul SAME ulay re-
quie; any OF the Directors snaA.
nave The right to appo4nt,zoys. wr4tt4s4,
MS truulent,3 anurner directors as III
proxy, to act in his stead, at any ana
al meetings eot the Board vl Ii.
rectOrS.
ARTICLE. vi.
Until the e1ection Of officers to be
held the first Monday in January,
1921, the following named persons
shall constitute the first Board sol.
Directors:
George Fl. Koepp. postofhce Ram
say, Louisiana, n
John ]. Posey, postomce Coying-
ton Louisiana,
Frederick L. Alexander, postofhce
.CoVington, Louisiana,
with George H. Koepp as president;
John J. ,Posey as tice-president, and
Frederick L.sAlexander as secretary
treasurer.
ARTICLE wi. :.
No stOckhOld der shall be liable or
responsible for the contracts, faults
and debts Of said corporation, nor
shall any mere informality in its or
ganlzation have the effect of render
ing this charter null or of exposing
a stockholder 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-thirds of the stock Of the
at a general meeting
convened for that purpose, sand. after
at least fifteen a(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-
piration Of this charter, or otherwise.
the stockholders shall elect two (2(
from among their num-
Der,' to liquidate and settle the busi-
ness and affairs of the corporation.
In case of disability of any of the
said commissioners 4or Hquidaators.
The survivors or the remaining liqu1-
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
ren, competent witnesses, who have
signed with said appearers and me,
said Notary, after reading of the
whole. Il
Original signed:
George H. Koepp, Ramsay, Lou
siana, $40 shares.
Frederick L. Alexander, Coving-
son, Louisiana, 81 shares.
John ]. Posey, Coyington, Louisi-
ina, 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, ! +
Parish of St. Tammany.
I certify that this instrument was
lied for record Dec. l, 1920, at 10 a.
n, and recorded December l, 1920,
n Charter Book /, page 335, of the
official records.
GUY A. SMITH,
0y. Clerk of Court and Ex-Oficio
Recorder. d4-6t
SUCCESSION NOTICE.
Succession of Dewitt LaWler.
No. 161.