St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-08-27

advertising agencies; to run and op-
crate tram roads and other mean 5
OF transportation; to own, buy and
sell real estate, such as may be nee
essary to the operation Of it's bust
ness; and in general to engage in any
business incidental to or connected
with the operation of the business
above mentioned.
ARTICLE III,
The capital stock of this corpora
ton is hereby fixed at the sum OF
Twelve Thousand ($12,00O) Dollars,
divided into twelve (12) shares OF
the par value of One Thousand
t$l,oOO) Dollars each, provided thar
the amount to which the capital
stock of this corporation may be in
or. ased shall be Thirty Thousand
($30,000) Dollars
Which stock may be issued at NOS
less than par for cash, at the time
it is subscribed for, or at such time
as may be deemed proper by the
Board of Directors, provided that
said stock shall be paid for in full
within twelve months after sam.
shall have been subscribed for, or i'll
payment or exchange for property or
rights actually received Or purchas-
ed by said corporation, provided thai
all stock certificates shall be signed
by the President and Secretary OF
said corporation and no stock Shall
be issued unless the consideration
therefor has been received by saiu
corporation. All transfers Of stock
shall be made on the books of sail
company, at its office, on the sur
render OF the certificate therefor.
ARTICLE ".
The corporate powers OF this cor
poration shall be vested in and ex-
ercised by Board Of Directors.
which shall consist of four (4) stock
holders, majoriy Of three CD CT
whom shall constitute a quorum for
the transaction of business. Said
Directors shall be elected annually
from among the stockholders on the
second Monday in January OF each
year, by commencing on the second
Monday in January, 1922, as pro-
viQed by law.
Within one week of their election.
as above provided for, the Board CT
Directors shall elect from amon5
their number President, a Vice
President, a Secretary and General
Manager and Treasurer, provided
that one person may hold the office
of both Secretary and General Man
ager, and all of said officers and di-
rectors shall hold their respective
offices for a period of one year from
the date of their election, or unit.
their successors are elected ana quail
flied. But, the failure to hold an
annual election, or to eject the OF
ficers as above provided for, shall
not result in dissolution of this
corporation, but the then Board OF
Directors and officers shall hold their
offices until their successors are duly
elected and qualified.
Any vacancies occurring in said
Board of Directors shall be filled by
the remaining members of the Boar
for the unexpired term, at a meeting
called for that purpose after five 81
days notice in writing, sent by mall
to said Directors at their last known
residence.
The said Board Of Directors shall
have the power to make all bylaws,
rules and regulations for the proper
management and conduct of the az
fairs of this corporations; and tt
change, alter, abolish and amend
same at pleasure, and shall have and
exercise all the powers conferred b.
law on this corporation, and as SET
forth generally above.
The said Board of Directors ma,
also delegate any of said powers IL
the transaction of the business o1
this corporation to committees q
their own body, or to officers and
agents of this corporation
The first Board Of Directors Of this
corporation are hereby declared r
be: William Flicker, CoVington, Ia
J. C. Cappell, Covington, La, E. Il
Barringer, CoVington, La, and NJ. 2
blanche, Covington, La /, with ]. G
lCappel as President; NJ p. blanche
las Vice-President; William Flicker a:
Secretary and General Manager, anc