Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-06-07
ARTICLES OF ASSOCIATION:

ARTICLES OF ASSOCIATION:
.tnr. ! III" corporate name Of the association to
be the LOUISIANA IGA MART and 70 have its
lr1nicile in the city Of New Orleans.
ArT. :. The object Of the association is directed
especially 10 tn" Least or purchase Of i lot OF ground,
anl tho erection thereon Of suitable sheds, or ware
houses AMI platforms, railways, wharve-, b%uiliinga.
and constructions for the convenient storing and sale
Of sugar and molasses.
.inr. ). The Capital stock Of the aid corporation
shall consist OF five thousand slar"s. of fifty dollar-
zach. Bat thi, corporation shall 90 into operation
when three thousand shares shall have been sutcribed.
ART ! The Capital stock shall he paid upon the
all or demand Of the Board OF Directors. but not
more than tvcnty per cent. shall be called in at any
oac timc, nor within any one period Of sixty day.
ART. ). The business Of said corporation shall be
m mayed BY a Board. consisting Of six Iirec.or-, who
hall be stockholders. who shall eject on" Of their own
'roar as President, who shalt rrc"tv" sucn conpersa.
on for hA services as the Board may deem proper,
II II cxcecling the e1n Of one thGasan! dollars And
aiI President and DIRECTORS shall hold their Office I'M
Il their successors shall have been elected. and have
Inferred II Ion their official duties.
AE-. E At all elections, each share of stock shall
'nti:ie The owner thereof TO one vote, anA he ma.
otc by proxy. but no stock shall be voted on unles-
'Hned in good faith, at least sixty days preceding the
inc Of the election.
Arr :. When three thousand shares Of tic Capi
nj stock shall have been subscribed, an clsction shall!
re held by 5. o. Nelson, u 9. II. Norton, .. p. Hcpe
ire, J. A. Braud, Logan Mcknight. or any three q
hem who shall &C. as commissioners for tia; purpos'
nd who shall give twenty days notice in one or nort
f the city papers Of said election before holding it
Il subsequent elections shall be held BIZ three Com
nissione-s, who shall be Stockholders but not Direct
,rs.) to be appointed by tie Directors, and shall b.
reld on the :hjrd MONDAY If January IN each and eve
Y year: al which election = majority Of the subscribe
took must be- represented 70 elect. but If a ma jorit,
f Tie subscribed stock should not be represented
hen and in that case, another shall be held on Tn.
ionlay following. at which any number of share,
elfcs'nted shall constitute an election.
AET- $ In the event, from any cause, the election
hoUtl not te held al the time hercinbefore provide
hen, and in that case, il may be held At sny sub,c-
iGent timf, after giving thirty days public notice il
nc Of more Of the newspapers published III the cit,
+ Ne~ Urleaust
ART Q. 4 meeting of the stockholders shall b
4cli a i aualIy. on iPe Saturday proceeding the thir,
fonda Of January, at which meeting II shall be tn,
aty Of the President and Secretary 10 make a full
nj complete statement IF The affairs Of TIC corpora.
.On unler oath.
ART. 10. 1t shall be the duty Of the President I, |
all a meeting OF the stockholders a, any time, rpof
he written requi-ition OF any number of stockhoii.
RS owning, or representing by proxy, not less than
ne fifth Of the subscribed capital stock of this cor o
alton and the President and Secretary, II require,
o 10 10. shall MAKE a report of the state of the a. |
Airs of the corporation under oath, to such meeting
ART. II. The Directors shall elect . Secretary. VIII,
hall also act as Treasurer, who shall give bond with
approved security, for the hithf,l pssformaoce Of his
lutics; and shall receive such compensation for M |
frvices as the Board may from time to time fix. an. I
nay be removed at their pleasure. They shall als,
'Ppo;nt other officers, and employ such o:aer laborets
- from time to time as they may think proper. an
rmove them at their pleasure.
Art. II nivijcnis shall he made on the first Mon
lar of September in each AMI every Year. from til,
re-: profits realized from tho business Of the nroc.
NJ year.
ART. IS. Any two Directors, together with IL,
'~r"sidti'. shall form a quorum f1 TIE transaction o.
business. and in ca { Of the ali ,ence Of tn" President
he Directors, being not less than three present, shall
'ploin' ore Of their number President pro TEN
AKT. Il. The said corporation shall have the rigN.
. make and use Q common seal. to sue and be suel
purchase, hold, lease, and convey real or nersor,I
state. and all citations upon the President shall b,
God and valid against the corporation.
ART. Is. The shares in this orporation shall h.
egarded as personal estate, and shall be TRANSFERABLE.
My on a book kept for that purpose by the said cor
Grafton, which shall always be and remain in tn,
osScssion of the President, and by tie surrender o
he certificate of stock; and no stockholier shall b,
blged to pay, or be responsible beyond the amour,
f his subscription. He shall be Obliged to pay IN the
mount of his whole subscription at such time and in
nch a manner as the President and Directors ma,
rider, as hereinbe!ore provided and if any stockhold.
shall thus fail to pay, for thirty days after demand.
ley may forfeit his stock, and sell it again for the
cneit OF the corporation and when any stockhold,r
lah have paid up his stock in full. he shall be emit
ed to a certificate for the same, signed bv the presi
and countersgned by the Secretary, and he shall
2 subject to no further call, and shall not be liable
any debt # the corporation all creditors must
Ok to the corporate body for their demands.
ART. l6. The duties and powers of the Board Of i
'rectors are To purchase or lease suitable lots Of 4
nd, and cause to be erected upon The same. suitable =
ied', warehouses, platforms, railways, anc .
for the accommodation. storage or sale of su. y
If and molasscs, and to manage the same. To lease ,
re same, if they deem proper, for one or a term OF II
TO fix the rate of storage, charges and wharf
and the time during which produce may renain I
r sale. To establish such bylaws, rules and regula-
'ns as they may deem proper, and not in contrayen
On OF the laws Of the State, of the United States. or II
the Municipal regulations, and generally to manage i
&c affairs of the corporation. Il
AIT. II. This Charter shall con&iann for and dr. "a