Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-08-02

auv declare, tnlt tiitt wv - NV" $500.
themselves into a corporation, under an'I'1i''y n a u
act of the Legislature of this State, eni''lr''; = that'
for the organization OF corporations i"r ""'"s" fuo
lie improvements and utility GO. 49, APPROX"
March l4th. 1855. TO which end they make an" aStce
to the following
ARTICLES OF ASSOCIATION:
ART. /. The CORPORATE name "i th" aS"'c'a''"n ~
De the "IOUISIANA SUGAR MART u"d to have ITS
!omicil. in the city of New Orleans.
Axr, . The object of the association is directed
specially to the lease or purcha~. of a lot o! ground,
and the erection thereon of sni'ae'e s!eHSo Or ware
houses and platforms. railways whar'es. buildings
md constructions fer the convenient storing ana safe
of sugar and moiasscs-
ART. 3. The Capital stock of the said corporation
shall consist Of five ,housann shares OF hity 'o''"f'
ach. But this corporation shall go INTO operation"
Wien three thousand shares shall have been suocrloe1
ART. !. The CAPITAL Stock shall be paid upon the
all mr. Demand of the Board of Directors, but not
more than twenty per cent. shall be called in At any
ne time, nor within any one period OF HNty days
ART. 5. Tie business Of said corporation shall De
managed by a Board. consisting OF six directors, VII"
,h,u y. stockholders, who shall! elect on" OF their own
body aS President, who shall receive such comp'h>a
ion for his services as the Board may deem proper,
10, exceeding the sam Of one th"u,and DOLLARS Ana
aid President ana Directors shall hold their office un
:, their successors shall have been elected, ana have
.utere,I upon their official duties
AIT i 4. al elections, each share Of stock shall
.otjtle III. owner thereof TO N" vote. an! he may
.ntr nv proxy. hat no stock shall hr voted on un!'~
.ynel in good faith, at least sixty days preceding I'll"
inc If the election.
ART. : When three thousand shares Of the Capt.
tai Stock shall have been subscribed. an election shall
he hell by 5. Nelson. VI. o. II. Norton. J. II. l'"ne
IRE. J, A. Fraud. Logan Mcknight. or any three OF
hem who shall act as commissioners for that llrF"S'
nj who >hnil give twenty days notice IN on" or more
# the city papers Of sail election before holding II
NJ subseq uent elections shall be held by three ! ON
miasione-s, (who shall be Stockholders but not Direct
,rs. TO he appointed by the Directors. and shall b"
hell on the third Monday Of January in each and eve
" wear. at which election a majority Of the subscribed
took must be represented to elect, but if a majority
# the subscribed stock should not be r"pres'nist
hen and in that case, another shall be held on tn,
Ion,lay following, ut which any number OF shares
represented shall constitute an election.
ART. S. In the event, from any cause, the electi"a
.hculd not be held ut the time hereintetore provided
! hen. and IN that case II my ne ht'd - ahE "PE'
| luent time, after giving thirty days public notic" in
he or more OF the newspapers ~ru1lishe! III the cit!
| f New Oclcansf
| ART. 9. a meeting Of the stockholders shall b'
reld annually, on the saturday preceding tn" thru
fonday of January, at which meeting it shall "r tn
iuty of the President and Secretary TO max" a full
md complete statement ,f the affairs Of the corpora
ion, under oath
ART. 10. 1t shall be I'll" dnty Of the President to
all a meeting Of the stockhol lcrs at any time. upon
he written reIui,ition of any number OF s'ocLh"la
RS owning, or representing by proxy, not less than
.nc-hfth of the subscribed ca pitai stock of this corp"
alton: and the President and Secretary, if require"
o to do, shall make a report of the state Of tn" at
airs of the corporation under oath, to such meeting
ART. II. The Directors shall elect a Secretary. VIII"
hall also act as Treasurer. who shall give bond with
,pproved security, for the faithful performance of hi
Iuties: and shall receive such com ensation for hi
,rrvices as the Board may from time to time fix, an
nav be removed at their pleasure. They shall also
,ppoint other officers, and employ such other laborers
IS from time to time, as they may think proper, and
emove Them at their pleasure.
ART. l.. Dividends shall be made on the first Mon
.ay Of September. in each and every year, from the
lett profits realized from the business of the prece-
NC year.
ART. 10. Any two Directors. together with tn.
resident, shall form a quorum for the transaction q
business, and in case Of the absence of the President,
he Directors, being not less thar three present, shall
,ppoint one of their number President pro ten.-
ART. II. The sail corporation shall have the right
o make and use a common seal, to sue and be sued;
. yu chase. lloll. lease. and convey real o. personal
-:l-o. ant II citations upon TIE r e,itrnt shall be
r! AirI .>al;l a=',"-. the ""r"ratiun.
Art. -. inr shares IN tli> corporation hall h
cgardel as personal estate, and shall be tran-f.rabl,
,nly on a book Kept for that purpose by the saicA
pvration, 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 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 may
order, as hereinbefore provided and if any steckhold
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 stakeholder
shall have paid up his stock in full, he shall be emit
tied to a certificate fog the same, signed by the Pres
lent, and countersigned by the Secretary, and he shall
be subject to no further call, and shall not be liable
for any debt tf the corporation all creditors must
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. suitable
sheds, warehouses, platforms, railways, and
yhar yes for the Accommodation. StOrara or sale IF su
gar and molasscs, and to manage the same. To lease
the same: if they deem proper, for one Of q term of
years. To fix the rate of storage, charges and wharf
age. and the time during which produce may remain
for sale. To establish such by laws, rules and rcgula-