Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-09-13

~ t.r.;naf,rr named aud undersigned, who SEVER
ally declare. that they d" by theae presents i"f''
themselves into n corporation, under authority II III
act of the Legislature of this state, entitled; - Anar'
for the organization Of corporations Tor ""'kS . pun
lie improvements and utility (No. l"'j Approx
March l4th, 1913. 10 which emo th'S hiaAe aiF
to the following
ARTICLES OF ASSOCIATION:
ART. !. The corporate. name Of the association 10
be the .lOUlSIANA SUGAR MART and to have It's
Lomicilr in the city Of New Orleans.
ART. 2. The object of the association is directed
especially to the lease or purchase Of a lot OF gron"''
and the erection thereon of suitable sheds, or ware
houscs and platforms, railways, "lar'e', b"ii'ihsN'
and constructions for the convenient storing and sale
of sugar an! r,olasses.
Axr. 3. The Capital Stock OF the said corporation
shall consist of five thousand shares, oil Ell! ""''a'T
each. Bat Til. corporation shall go into operation
when three thousand shares shall ha,ebcen snbcr4ota
Akr. !. Tie Capital Stock shall be paid upon the
call or demand Of til. Board of Directors; but I'
MORE than twenty per cent. shall be Called ~ Al any
one time, nor within any one period OF SOY day
Anr, !, The business of said corporation -haI! be
,,,,,sea by , poard. consisting of six Directors, VIII"
| shall be Stockholders, who shall elect one OF their o""
b,ly A. President, who shall receive such ~cointen"a-
| ton u MS 40 VAN A""'
not exceeding the sum of one thousand dollars An1
said President and Directors shall hold their oIic' u''-
III their successors shall have been elected, and have
entered upon their official duties.
Art. s. At all elections, each share of stock shall
cnti.l, the owner thereof T." one vote and lie may
vote te proxy. Gut no stock shall be vote! on unless
owned in good faith, at least sixty days preceding the
time of the election.
AR :, Naen three thousand shares Of the 'apt-
tai stock shall have been subscribed: an election snail
be held by :. u. Nelson. II. q. II. Norton, J. d lcH'
IRE. j. A. Brad, Logan Mcknight. or any tire" OF
them who shall act as commissioners for that pnrrc$"
and who shall give .went: days notice III one or more
Of the CITY pa,crs O; said election before iIoEl1ns It
All sub.,q ucnt elections shall DE held BY three Tom
m;s.ione-s, iwllo shall be Stockholders bat no, Direct
ors. TO be appointed BY tie Directors: and shall be
held Oh the third Monday Of January in each and eve
nv vrsr, at which election a ma ority Of the subscribed
,,ock must he represented to elect, but If a m'joEtfy
If the subscribed stock should not lee represented,
then and in that case, another shall be he'll on the
Nonlav following. n which any number oil share,
represented shall constitute an election.
ART. 8. In the event. from any cau<e. the election
should no, b, held at the time hcre:nb.fore provided
then. and IN thai ca -. " nay ~ H'Ii II ! M "hF'-
quent time, after giving thirty days public notice in
one or more of the newspapers ~p.tliahe@ IN the city
of New Orlr@nst
AEr. Q. \ meeting of the stockholders shall b"
held annually. on the Saturday proceeding tn" third
Monday OF January. at which meeting it shall be Tn"
luty of the Pre- ,iicnt and Secretary TO make 4 full
and cor,plc,c statement Of the affairs Of the corpora
ton. under oath.
ART. 10. 1t shall be the duty OF the President 20
call a meeting Of the stockholders at any lime, uI"r
the written requiSi,ion Of any number Of -tocsh"i'
ers owning. or representing b. proxy. not ir-' than
one fifth Of the subscribed capital stock Of thi> corpp-
ration; and the President and Secretary, II required
80 to do. -hall maxi a report Of the stat" OF the at
fairs Of the corporation under oath. t" SUCH meeting
AIT. II. The Directors shall, elect a Secretary, VIII"
shall, also act as Treasurer. w!so shall Civ" bond with
approved security, for The faithful performance OF his
lutie-; and shall receive such compensation for hi
srryices as the Board may from time 10 time fix, and
may be removed at their pleasure. They shall aI+"
,uroint other officers, and employ such other Labnr"r,
IS from time to time. as they may think proper, an!
remoyc them Al their pleasure.
ART. T.. Dividends hall be made on the frs. Non
| Il al 't'lis "a - "a "' ''''' -'"'' '''''
nett profits realized from the business Of the prcc,.
ing year.
AR. Is. ANY two Directors. together with tn"
'resiicn,. .llall ior:n 4 quorum for tn" Transaction oil
business. and in case of the absence Of tn" President.
he Directors. being no. los than three present, shall
aproin, one Of their number PRESIDENT pro tsm'
AIT. -. Tie sail corporation shall have the right
to make and use a ommon seal. to sue and b" sued;
10 purchase, hold, lease. and convey real or personal
Estate, an! all citations upon the President shall bc
good and valid against the corporation.
Art. Is. The shares in this corporation shall be
regarded as personal estate, and shall be transferable
only on a book kept for that purpose by the said cor
poration. which shall always be and remain in the
possession Of the President, and by the surrender Of
the certificate of stock; and no stockholier sRall 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
such a manner as the President and Directors NAV
order, as hereinbcfore provided and if any s~tockho!d-
er shall thus fail to pay, for thirty days XNer demand,
they may forfeit his stock. and sell it again for the
benefit of the corporation and when any stockhulIcr
shall have paid up his stock in full, he shall be emit
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 # the corporation all creditors must
look to the corporate body for their demands.
ART. is. The duties and powers of the Board O.
Directors are : To purchase or lease suitable lots
land, and cause to be erected upon the same. suitable
shed-, warehouses, platforms, railways, and
wharves, for the accommodation, storage or sale of SUI
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
l for sale. To establish such y-laws. rules and rccula.