Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-08-09

| md qualified, personally ann MI" opp,
sous hereinafter named aud undcrs'knea, sn" for,n
ally declare, that they do by these FLessn 80 an
themselves into a corporation, undrF ny nsc.
act Of the Legislature Of this State, entitled: 1"" "H
Snr tho or,nrizaticn of corporations for works OF pun.
lie improvements and utility GO ioil Hli. r.
| March l4th, 1855. To WHICH end they MAKE II go
. Anr1c1Es!p or ASSOCIATION:
tRr. I. The corporate name OF 'he S'''"'' ;
be the "1oUIsIANA SUGAR MART" and to have l.
domicile in the city of New Orleans.
ART. .. The object of the association Il greeted
.sreciallv TO the lease or purchase OF u lot OF ground
! and the erection thereon of suitable sheds, or ware
houses and platforms, railways, whsrv"s' buildings
and constructions for the convenient storing and SAFE
CT sugar and molasscs.
ART. 3. The Capital Stock Of tie said corporation
shall consist of FIVE thousand shares, OF fifty dollars
each. Tut thi. corporation shall G." into operation
when three thousand shares shall have been suoc''oe'
Art !. The Capital Stock shall be paid upon the
coll or i, uond of the Board Of Mr"ct"r+' but not
MORO than twenty rcr cent. shall be called IN al any
IN. ,ir,., nor within any one period of sixty days.
ART, s The business Of said corporation sia'' o'
managed by 4 Board, consisting Of six Directors who
shall be stockholders, who shall elect one OF her own
hoiy a. President. who shall receive such comp"nsa
! fior for his services - va III may "N" fi
No, exceeding the sum Of on" thousand dollars. And
said President and Directors slal! hold their once "n
". tbe;r successors shall have been elected, and have
entered upon their official duties
AIT. 6. At all elections, each share Of stock shall
entitIc the owner thereof 10 enc vote, and ne may
vote bv proxy, bnt no stock shall be voted On unless
owned in coed faith, Al least sixty days preceding TIE
time of the election.
.R- When three thousand shares OF the Capt.
! "a, stock shall have been subscribed, an election shall
be held by 5. o. Nelson, NJ. O II. Norton. J. d. pene
gre. J. A. Braud. Logan Mcknight. or any three OF
them who shall act as commissioners for that purpose
and who shall give twenty days notice in one or more
oe the city papers Of said election before holding 1t
An subsequent elections shall be hell By three Com
missione-s. who shall be Stockholders but not Direct
ors to be appointed by the Directors and shall be
held on the third Monday Of January in each ard eve
~ year: at which election a majority OF the subscribed
, stock must be represented to elect, but II \ majority
cf the subscribed stock should not be represented,
,ber and in that case. another shall be held on the
:, Monday following. At which any nuThSr Of Shares
-p.rcseu.eA shall reu--itat { An election.
ts- s Ia he r.r:4i huIG 1ay caUSc N" 'i7H't1n
..ral. no, e. t,clt d, the tenn ].r-inb"Ior" '''os"Ie:
snttl. m IN tllt{ No~f, - ifs. " 1880
ouea, time. after giving thirty days public notice in
one or more of the newspapers published in the city
Of New orlcansi
AIT. Q. A meeting Of the stockholders shall be
held annually. on the Saturday preceding the third
Monday of January, At which meeting it shall be the
= duty OF the rresiAen: and Secretary to make a 'ui.
and complete st.teneu: Of the Affairs Of the corpora
ton, under cath.
ART. 10. 1t shall he the duty OF the President 10
cali . meeting of the stockholders At any time, upon
the " citten re9uisi;iou OF any number OF s'"ckh'lc'
= crs owning. or representing by proxy, not less than
l. one fifth Of the subscribed capital stock of this corpo-
ration; and the President and Secretary. If required
:. so to do. shall make a report of the state OF the nj
fairs OF the corporation uncer oath. t" such meeting,
AIT. IL. The Directors shall elec, a Secretary, who
shall, also net as Treasurer, who shall. give bond with
, a.,~oyed securit,o for the faithful performance Of his
dutier; and shall receive such compensation for his
srrvices as the Board may from time to time fix, and
NAV be removed at their pleasure. They shall also
APPOINT other officers, and employ such other labor.rs
as from time 20 time. a. they may tLink proper, and
remove them at their pleasure.
ART. 10. Dividends shall be made on the first Non.
, day of september. in each and every year, from ths
nett profits realized from the business OF the prece
p ing year.
ART. Is. Any two Directors. together with The
President, shall form a quorum for the transaction o
Z business, and in case of the absence Of the President
the Directors. being not less than three present, sha!
= aDpoint one Of their number President pro tent
y AKr. ii. The said corporation shall have the r:sh,
to make AMI use a common seal, to sue aud be sued
:. to purchase, hold, lease, and convey real or persona
estate. and all citations upon tie President shall b.
= good and valid against the corporation.
ART. IS. The shares in this cor poration shall b.
regarded as persons! estate, and shall be transferable
only on a book kept for that purpose by the said cor
= puration, which shall always be and remain in tn,
" possession of the President. and by the surrender o
= tie certificate Of stock and no stcckloller shall b.
L obliged TO pay, or be responsible beyond the amour
of his subscription. He shall DO obliged to pay up tn,
I'd amount of his whole subscription at such time and il
such a manner as the President and Directors ma,
order, as hereinbefore provided and if any stockhold
er shall thus fail to pay, for thirty days after demand
they may forfeit his stock, and sell it again for Thu
benefit of the corporation and when any stockholde
= shall have paid up his stock in full, he shall be emit
tied TO a certificate for the same, signed by the Ires
dent, and countersigned by the Secretary, and he shat
- be subject to no further call, and shall not be liabl
for any debt # the corporation all creditors mus
look to the corporate body for their demands.
ART. 16. The duties and powers of the Board o
Directors are To purchase or lease suitable lots O
land, and cause to be erected upon the same. suitabl
- sheds, ware houses, platforms, railways, an
y wharvcs, for the accommodation, storage or sale of su
- gar and molasses, and to manage the same. To leas
the same, if they deem proper, for one or a term G
years. To fix the rate Of storage, charges and wharf
N age. and the time during which produce may remain