St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1921-09-10

/; body nolitic for the objects and pur
| poses, and Under the stipulations
hereinafter set forth, to-wit:
ARTICLE I.
The namo and title of this cor
pcration shall be
Covington Paint Company, Inc,
and its domicile is hereby establish
ed at Covington, st. Tammany Par
ish, Louisiana; and under it's cor
Ecrate name, said corporation shall!
have power and s,uthority to con
tract, sue and be sued, to make and
use a corporate seal, and the same
to break and alter at pleasure; to
hold, receive, have, purchase, i'm
prove. ALLEVIATE, sell, borrow, pledge,
mortgage and hypothecate, under its
said corporate name, property, real,
personal and mixed; to name ana APP
point such officers, directors, agents
and managers or employees as the
interests or convenience Of said cor
noration may require; to make and
establish bylaws, rules and regula-
lions for the proper management and
regulation of it's affairs, as may be
deemed necessary and proper, and
the same to change and alter at
pleasure; and do all other acts and
things permitted by law, or as shall
be necessary and proper tc carry out
the objects and purposes of said cor
poration.
nj Il is
solved, in accordance with It's char
ter. shall exist and continue for a
period Of ninety-nine years from and
after date hereof.
ARTICLE II.
The objects and purposes for which
this corporation is organized, and
the nature of the business to be
carried on by it, are hereby declared
to be: To produce, manufacture,
buy and sell paints, dyes, inks and
such other products as may be met
dental to or connected with the OPP
GRAFTON Of its business; to operate
agencies; to run and OPP
crate tram roads and other means
Of transportation; to own, buy and
essary to the operation CT it's BUSH
ness; and in general to engage in any
business incidental to or connected
" it'll 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 ($12,000) Dollars
divided into twelve (12) shares Of
the par value of One Thousand
($1, 000) Dollars each, provided that
The amount to which the capital
stock of this corporation may be In
CT ased shall be Thirty Thousand
($30,000) Dollars
Which stock may be issued at not
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 in
payment or exchange for property or
rights actually received or purchas-
ed by said corporation, provided that
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 .aid
All transfers of stock
shall be made on the books of said
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 a Board of Directors.
which shall consist of four (4) stock
holders, a majoriy Of three CD CT
whom shall constitute a quorum for
the transaction of business. Said
shall be elected annually
from among the stockholders on the
second Monday in January of each
year. by commencing on the second
in January, 1922, as pro-
vided by law. 4
Within one week Of their election,
IS above provided for, the Board OF
Directors shall elect from among
their number a President, a Vice
President. Secretary and Genera!
Manager and a Treasurer, provided
that one person may hold the office
Of both Secretary and General Man
ager, and all of said officers and di-=