Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-06-14

LILY GfCIdre, luSt titE AZ W AiV~c PiftNH'" ''N
them ..ls es into u corporation, under authority at an
act Of the legislature of his estate, entitled: = Alact
for the organization of corporations for works Of pup,
lie improvements and ntility.".(No. 49, Approved
to the following
ARTICLES OF ASSOCIATION:
ART. !! The corporate name of the association I"
be the LOUISIANA SUGAR MART and to have its
domicilc in the city of New Orleans.
ART. .. The object Of the association is directed
especially TO the lease or purchase of a lot of ground,
and the erection thereon of suitable sheds, or ware
houses and platforms, RAILWAYS, wharv.s, buildings.
and contradictions for III. cpnyeniea: storing and sai"
o: sugar and molasses-
ART. 3. The Capita Stock Of the said corporation
shall consist OF FIVE lhousan0 shares, of fifty dollars
each. But hi. corporation -l.nl go into operation
when three Thousand shares shall have been subscribed
AIT. ! The Capital Stool; sLal! be paid upon the
call or demand of the Board OF directors: but no,
more than twenty per cent, shall be called in Al any
one time, nor within any one period Of sixty dasa.
Arr. {. The business Of said corporation shah be
nanRzel by a Board. consisting Of six Directors, who
shall be stockholders, who shall elect one Of their own
boiv as President. who shall receive such c~onpcnaa.
ton for lis services as the Board nav deem proper,
not exceeding the sum Of one tHoutaHi olla AE4
aid President and Directors shall hold their Office I'M
III their successors shall have beer elected, ant hare
entered upon the.r official duties.
AR. 6. At all elections. each share Of stock shni!
cntitlc the o~rcr thereof 10 one vote, and he may
, vot" bv prozv. but 70 stock shall he voted on unless
owned in good saith, at least sixty days preceding the
time e the election,
ART :. When three tnoIsau3 SHARES of che Cap:
| tai Stock shall have been rubscr.brt, IN election shall
Le held BY S. O. Nielsen, Il. Q II. Neon. J. n Dcre
gee. J. 4. Brand, Logan Mcknight, or any three Of
them who shall &C; a. commissioners Cor that purpose
aud who shall give twenty days notice in one or more
Of the city papers of said election before holding it
All subsequent elections shall be held by three Com
| missione-s, (who shall be Stockholders but not rIrect
ors.) to be appointed ~ the Directors, and shall be
held on the third Monday Of January in each and eve
~ year. a. which election 4 majority Of the subscribed
stock must be represented TO elect, hu. if a majority
Of the subscribed stock should not be represented,
then and in that case, another shall be held on the
Monday following a. which any number OF shares
represented shall, constitute an election.
All. s. In the event, from any cause, the election
should not be held at the time hereinbe!ore provided
then, and in that case, it may be held At any subse-
quen, time, after giving thirty days public notice in
one or more Of the newspapers Published in the city
Of New Orleansi
AIT. 9 A meeting OF the stockholders shall! lie
held annually, on the Saturday preceding the third
Monday Of January, At which meeting It shall be the
duty of the Fresilen. and Secretary to make a full
and corlpicte statement; IF the Affairs If the CORPORA
ton under oath.
ART. 10. II shall be the duty of the President ia
call a meeting Of the steaAheiirrs at any time, upon
the written reguisition OF any number Of stockhold,
ers owning, or representing by proxy, not less thar
ono fifth of The subscribed capital stock Of this corpo
ration: and the President and Secretary. If REG uired
so 10 do, shall make = report Of the state of the at
fairs of the corporation under oath, t, such meeting
ART. II. The Directors shall elect a Secretary, whe
shall also act - Treasurer, who shall give bond With
approved security, for the faithful performance Of hi
iuties; and shall receive such compensation for hi.
srrsices as the Board may from time 10 time fix. ana
mar be- removed at their pleasure. Thnr shall a,-c
appoint other officers, and employ such other l4borer,
as from time to time, as they may think proper, ant
remove them at their pleasure.
AIT u. Dividends shall be made on the first Mon.
day Of September, in each AMI ever yrso from the
net profits realized from the business Of the precc.
ing year.
ART IS. Any two Directors, tGgcthc~ with tGe
President, shall form a quorum for the transaction o.
business, and in case of the absence OF the President.
lhe Directors. being not less than three present. shall
appoint one Of their number President pro tan.
AIT. "a. Tie said corporation shall have tho right
TO make and use q common seal, to sue and be sued
70 purchase, hold, lease, and convey real or personal
estate, and all citations upon tie P csident shall be
good and valid against the corporation.
ART Is. The shares in this cor porat;on shall be
regarded as personal estate. and shall be transferable
only on a book kept for that purpose by the said cor.
p"ration, which shall always be and 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 amour.
of his subscription. lie shall be obligeito pay up the
Yamount of his whole subscription at such tine and in
'uch a manner as the President and Directors may
order, as hcreinbefore provided and if any stockholi
er shall thus fail to pay, for thirty days after demand.
they may forfeit his stock, and sell it ssain for thu
benefit of the corporation and when any stockhoIdcl
shall have paid up his stock in full, he shall be enti
tied to n certificate for the same, signed by the Presi
dent, and countersigned by the Secretary. and he shall
be subject to no further call, and shall not he liable
for any debt If the corporataO all creditors mus
look to the corporate body for their demands.
ART. l8. The duties and powers of the Board o
Directors are To purchase or lease suitable lots o
land, and cause to be erectedupon the same, suita5 81,
sheds, warehouses, platforms, railways, ant
wharves, for the accommodation, storage or sale of su
gar and molasses, and 10 manage the same. To LEASE
the same, if they deem proper, for one or a term o
years. To fix the rate of storage, charges and wharf