St. Tammany farmer., 1921-07-16


vs. X>,Kr1,,s-..e ess<<e9
------------- -------
three (3) stockholders from among
its members who shall have 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
a 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-Presldent, and E. 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
hernia Bank Bldg, New Orleans,
La; Edward Daniel Wood, 521 Hi
oernia Bank Bldg, New Orleans,
La; H. A. Black, 521 Hibernia Bank
Bldg, New Orleans, La; w. G.
Rhodes, 521 Hibernia aBnk Bldg,
New Orleans, La.
ARTICLE TX.
The capital stock Of this corpora
tion, after having been transferred
from this company to a. subscriber
thereof, shall not be sold or trans
ferred or offered for sale or trans
fer by said subscriber without first
having offered said stock to this corr
poration at the then market or book
value thereof, which market price
shall be ascertained from the then
prevailing market price of such
stock, If such price prevail at such
time, when if not, the book value OF
such stock shall be ascertained either
by an agreement Of the parties or OF
two competent and experienced busi-
ness men, one to be chosen by the
subscriber, and the other to be chos-
en- by the corporation, or the stock
holder or stockholders prospective
purchaser or purchasers, when If
said two parties cannot agree upon
book value, said two parties SO
chosen to choose third party, when
the majority opinion shall prevail
In the event Of the demise of hold
er or holders Of the stock of this
corporation, the Administrator, Ex-
ecutor or Representative Of his estate
is~ to Immediately tender such stock
to this corporation and the stock
holders hereof, on the same basis un-
less it is desired to retain this stock
as. part Of the estate Of said de-
ceased stockholder. Such offer and
tender to be made by the holder OF
holders Of said stock to this corpora
ton and the stockholders thereof, by
mailing Of a registered letter con-
tanning such offer or tender, address
ed to the last known address Of this
corporation or said stockholders
Such offer, or tender to remain open
for a period Of thirty days from tue
date Of the mailing Of said register
ed letter, when If not availed Of
said holder or holders to be reelasei
to make sale or transfer as he sees
fit. In the event Of this corporation
not ayailing itself of such offer or
tender, such stock SO offered to be
equally pro rated between the stock
holders Of this corporation, should
they so desire to avail themselves
thereof, when If they do not, such
stock might be purchased by such
stockholder or stockholders so desir-
Ing to acquire same, in similar
proportion To such extent all
stock issued by this corporation shall
be non-negotiable, when this non:
negotiability shall be evidenced on
by "a rubber stamp, the nature OF
which is evidenced in the marg. n
hereof opposite this paragraph.
ARTICLE x.
The subscribers hereto have writ
ten opposite their respective names
the amount Of stock Of this corpora
ton subscribed to by each of them.
Thus done and passed In my office
at the City Of New Orleans, Louisi.
ana, on tho day, month and year first
hereinabove written In the presence
OF Isaac S. Heller and Gatien j
Livaudias, competent witnesses, Wbc
have hereunto signed their names
together with said appearers, and
me, Notary, after due and careful
reading Of the whole.
(Original signed)
Shares
JOHN P. RAUsCH &C
JOHN T. RAUSCH ......=., 4I
Per John P. Rausch.
HARRY A BLACK &c
W. c RHODES ........ 20
E. w. WOOD .............. 40
Il. ID. WOOD 40
Per E. w. Wood. -......
Witnesses:
ISAAC S.. HELLER.
GATIEN= J. LIVkUDIAS.
JOHN r. PEREZ,
Notary Public
A true copy.