Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-08-30
CONSTITUTION OF The
LOUISIANA SUGAR Nh t<l.
: = T. VI
CITY Of NEW ORLEANS.

aud qualified, persons ~ ca IL" and algcaie!, the per
sons hereinafter named al I'm '"rsigncd' WI" se,e'
My declare. that they no by :he-e presents form
themselves in,o 4 corporation, IN Ter authority al q.
act Of the Legislature Of thi, State, entitled: Ahae'
Tor the organization OF corpor: tloIs 10 ,""r"s o. puo,
lie i'm improvements and utility 80. Isl, Approved
March 18th, 1855. 10 which end th', n sko an agree
to the following
ARTICLES OF ASSOCIATION:
All. l.. The corporate name of the association 20
be tn. "iOUlsIANA SUGAR MART and to have lite
tomicilc in the city Of New Orleans.
ART. .. The object Of the association is directed
especially to tile lease or purchase Of a lot of ground
md the erection thereon Of suitable sheds, or ware
houses and platforms, railways, shAr>es, bu'li'ngs'
and constructions for the convenient storing and salt
or sugar and molaasc=.
ART. 3. The Capital Stock Of the said corporation
shall consiA. 0: five thousand shares, OF nifty collars
-ach. But this corporation shall go into o"erati'n
when three Thousand shares shall have been subscribed
Art 4. The Capital Stock <hall be paid upon the
call or demand o: the Board OF Directors Dat mol
more than twenty per cent. shall be called III at an!
one time, nor within any one period OF sky ossN'
ART. S. The business Of said corporation shall be
MANAGED by , Board, consisting of six Directors, VII"
hall be stockholders, who shall el-ct one Of their own
DOlI y st.S-i "AC 'HS''
ZION for tta services a. the Board may deeso proper,
no, exceeding thu sum OF ono Thousand dcliars' Anu
aid President and ri, ec;ors aLall held their Office un-
til their successors shall have been elected, ana nave
entered upon their o:lcisl duties.
AM. &. At all elections, each shaw Of stock shall
.n,!tlc the owner thereof 10 one vote, Lat he ma
:o,e tv proxy. bu, no stock shall be voted on unless
,wrcd in good faith. al !yas, si>ty days preceding th'
lime OF the election.
agr : N,en three thousand shareAsi tire Ca?i-
tai St,,k .ha,l harc been suhscribed, an election shall
be held BY s. 0. Nel.on, n. o. Il. Norton, J. D. Dene
| IRE. J. A. Hraud, !.3.an Mcknight. or any three Of
then, who shall act as commissioners for that purpose
| md who shall give twenty days notice in on. or mere
| If The city p. p+rs Of said election before hciding IL
Al .aeseq ueu, elections shall DC held by three Gem
missione-s. who shall be Stockholders u. net Direct
ors) 20 be appointed BY :!s Directors, AMI shall b
! .eld on the third Manda. Of January in each and eve
~ wear a. which election a majority Of the subscribed
took must be represented TO elect, but ii I najor't!
| # the rubscribcd stock should not be repre.Vnsed,
then and in that case, another shall BE- held on the
Ionday following, a. which any number Q: shares
represented shall constitute an election.
ART. s. In the event. from any cause, the election
should not be held at the :ine hereinbesore provided
| hen, and in tha, case. il may be held at shy subse
,uent time, after giving thirty DAYS public nosce in
me or more of the newspaper published in the city
! # New Orleanst
ART. .. 4 meeting Of the Etockholicr- shall be
,.ld Annually. on the SATURDAY proceeding the third
| Monday of January, a. which meeting ii shall! be the
uty of the President. and Secretary 10 make a full
| 10, ,o,.,.p If tho affair. ri ~. 1rrnra-
| ion, under oath.
| ART. 10. 1t shall be the duty OF the President 10
| all a meeting of the stockholders at any time, "por
he written reauisi,icn Of any number Of stockholm
r, owning OF representing by proxy, not less han
.ne-afth Of the sub scribed capital stock o: this corp"
alton; and the President aud Secretary. II required
O 70 do, shall make Z report OF the state Of he 81
fairs Of the corporation under oath, I" such meeting.
ART. II. The Directors shall elect a Secretary, VII"
hall also &C. a. Treasurer, who shall give bond with
,rpro,eti security. for he faithful performance Of HI
iuties. and shall receive such com sensation for hi
,rrvices a, the Board may from time 70 time Tx, and
nav be removed at their pleasure. They shall al"
,ppoint other officers, and employ such other laborer,
s from time to time. a. tney may think proper, and
.emovs them at their pleasure.
ART. II. Dividends shall be made Oh he hrst Non
lay Of September, in each and every year, from the
,ett profits realized from the business Of she !rece
ing year.
ART. Is. Any two Directors. together with ,hr
resident, shall form a quorum for the Transaction Of
business, and in case of the absenc, Of the President,
he Directors. being not less than three present. shall
,ppoint one Of their number President pro ten,'
Ant. II. The said corporation shall have the right
% max. AMI nso 4 con,aon eel, 70 sue ami be sued:
"a IN 49,. 'oit tra-r ana ~"r,ay real or personal
ri. III y i .'oo< a,,cl rlc p .,:t-nt hail be
.."t ant ,ai,t d ans; IN" '-io.a,ioc.
ART. Is. Tt. .iar-, in this corporation shall b.
regarded as personal estate, and shall l~ transferable
only on a book kept for that purpose by tire said cor
puration, which shall always be AMI remain in the
possession of the President, and by the surrender OF
the certificate of stock; and no stakeholder shall be
obliged to pay, or be responsible beyond the amount
of his subscription, He shall be obliged to pay up the
amount of his whole subscription at such time and in
suci, a manner as the President and Directors may
order, as hereinbefore provided and if any stockhold-
er shall thus fail to pay, for thirty days after demand,
they NAV forfeit his stock, and sell it again for the
benefit of the corporation and when any stakeholder
shall have paid up his stock in full, he shall be euti
tied to a certificate for the same, signed by the Pres
dent, and countersigned by the Secretary, and he shall
be subject to no further call, and shall not be liable
for any debt If the corporation all creditors must
look to the corporate body for their demands.
ART. l6. The duties and powers of the Board O.
Directors are To purchase or lease suitable lots 0
land. and cause to be erected upon the same, suitable
sheds, warehouses, platforms, railways, and
whaKSes, for the accommodation, storage or sale Of su-
gar and molasses, and to manage the same. To lease
the same, if they deem proper, for one OR a term of
years. To fix the rate of storage, charges and wharf
age. and the time during which produce may remain
for sale. To establish such bylaws, rules and regula.