Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-08-16

ally declare. that they do by these presents '"n
into a corporation, under authority III ~.
of the Legislature of this State, entitled: " An"c'
for the organization Of corporations for WORKS Oh pun,
lie improvements and utility GO. l3l) APp''''u
March 1+th, 1855. To Which end they make ana agree
to the following
ARTICLES OF ASSOCIATION:
ART. l. The corporate name of the ASSOCIATION 10
be the LOUISIANA SUGAR MART and to have It's
1onicile in the city of New Orleans.
AFT. .. 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, wharves, buildings
and constructions for the convenient storing and sale
of sugar and mola >scs.
Axr. 3. The Capital Stock of the said corporation
shall consist Of FIVE thousand shares, OF fifty dollars
each. But THU corporation shall go into operation
when three thousand shares shall have been subscribed
ART !. The Capital Stock shall be paid upon the
call or derh.nl If the B"ard Of lhrect"rs' but mol
more than twenty per cent. hall be called in at any
onr time, nor within any one period Of sixty days.
ART. 5. Tn- business of said corporation shall be
managed hv Il Board, consisting of six Directors, Who
shall he stockholders. who shall elect one Of their ""n
,,1y AZ Pre- .i1ent. who shall receive such compen>a-
,i,n for his services as the isoard may deem proper,
tifII ii 49,
not exceeding the sum Of on" thousand DOLLAR, And
,o;a President and Directors shall lril th-ir office un-
tll their successors shall have been elected, and have
entered upon their official duties.
ART. 6. At all elections, each share Of stock shall
.ntitl. III. owner thereof 70 IN" vote, AMI he may
vote Nv PROXY. tut no stock shall h" voted on unless
owned IN good faith, a; least sixty day preceding the
time Of the election.
ARr. :. When three thousand shares of the Capt.
tai Stock shall have been subscribed. an election shall
be he'll by :. O. Nelson. u. II. Norton, J u lrne
gre. J. 4. Brand. Logan Mcknight. or any three OF
them who shall act a. commissioners for that purpose
and who shall give twenty luvs notice in one or more
of the c;tt iaaIcr- of all lection before holding it
All sub-euueat elections shall he held by three Com
mis>ionc.s. fwho shall be Stockholders but not EhceQ
ors.) 10 be appointed b. tle Directors, and shall be
held on the third Monday of January in each and eve
ry year; at which election 4 majority Of the subscribed
stock must be- represented to elect, but if a majorit,
of the subscribed stock Should not be represented.
then and in that case, another shall be held on the
Monday following. at which any number of shares
represented shall constitute an election.
ART. 8. In the event, from any cause, the election
should not be held at the time hcreinbeforc provided
then. and in that case, it may be held at any subse-
auent time, after giving thirty day pubic notice in
one or more of the newspapers published in the city
Of New Orleansf
ART. Q. A meeting Of the stockholders shalt be
held annually. on the Saturday proceeding the third
Monday of January, at which meeting it shall b" the
duty of the President and Secretary to make a full
and complete statement If the affairs of the corpora
ton, under oath.
Art. 10. 1t shall be the duty OF the President TO
call a meeting Of tie Stockholders at any time. upon
the written requi<ition Of any number Of stockholi-
ers owning. or representing by proxy, not less tIan
me fifth of the subscribed capital stock of this corp"
ration; and the President anil Secretary il required
80 10 DO. sl.al, make a report Of the safe OF the af
Geirs Vi tia corporation unirr oath. t" ,urh meeting.
ART. II. The Directors shall elect a Secretary, viii"
hall also act As Treasurr. who shall give bond viii.
approved security, for the faithful performance of his
duties: ami shall receive such compensation for hi
srrvicss rs the Roarl may from time to time fix, and
may be removed at their pleasure. They shall also
appoint other officers, and employ such other hhorers
as from time to time, as they may think proper, and
remove them at their pleasure.
ART. Il. Dividends shall be made on the first Mon
LAY of September, in each and every year. from the
nett profits realized from the business OF the precc-
ing year.
ART. 10. Any two Directors, together with the
President, shall form a quorum for the transaction OF
business, and in case Of the absence of the President,
the Directors, being not less than three present, shall
appoint one of their number President pro fem'
ART. II. Tie ~a;I corporation shall have the right
to ma. ar@ T. - Il r"aln'"n sd, T." sue anil be sued
=" n"': "a ; - - " and convey real or PERSONAL
estate ant ali t"t,tj''- L "n Ne 7 c>it-nt shall be
good and 'al!' against tr cor. oIa'i"u.
AIT. 10. Tie shares III this corporation shall b"
regarded as personal estate, and shall be TRANSFERABLE"
only on a book kept for that purpose by the said cor. !
possession of the President. and by the surrender of !
the certificate Of stock: and no stock,olier shall he
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 tn" President and Directors may j.
order, as he-einbefore 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 the
benefit of the corporation and when any stockhdlder
shall have paid up his stock in full, he shall be emit
to a certificate for the same, signed by the Pres
dent, and countersigned by the Secretary, and he shall
be subject t" % further cali, and shall not be liable
for any debt # the corporation all creditors must
look to the corporate body for their demands.
ART. l6. The duties and powers of the Board o.
are TO purchase or lease suitable lots o
land, and coose to be erected upon the same, suitable
sheds, ware houses, platforms, Railways, and
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
To fix the rate of storage, charges and wharf
'ge. and the time during which produce may remain
or ID. To establish such bylaws, rules and regula
lions as they may deem proper, and not in coutr.yen-