Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1856-09-06

| alIy declare that they do by these presents for'n
Themselves into a corporation, under nnthor'y NJ a.
act Of the Legislature of this state, entitled: - amaze
for the organization of corl.ra,,ols for works OF pun
lie improvements and utility (N". l"l Arpro''u
March ls,h, 1855. TO which cud they make AMI agree
to tic following
! ARTICLES OF ASSOCIATION:
ART. l. The corporate maine Of the association" ~
be the " LOUISIANA Sugar MAl.T,' and TO have ia
dom:cil- in the city Of New Orleans.
ART. .. The object of the association Is directed
especially 70 the lease or purchase OF a lot oi ground
and the erection thereon OF suitable sheds, or wsfs-
houses and platforms, railways. "har'es, buildings
and constructions for the comvsnien: storing and SAFE
Of sugar and molSsscs.
ART. ;. 1hs Capital Stock of the said corporation
shall consist Of five Thousand shares, OF fifty dollars
each. But this corporation shall so into operation
when thre. thousand share. shall have been subcribr't
ART. 1. The Ca pital Stock shall be paid upon til"
call or demand of the Board OF directors; Lu: not
moro than twenty per cent. shsll he called in a; any
one time, nor within any one period Of sixty days.
AIT. (. Tho cuisines. Of said corporation shall he
MANAGE! by a Board, consisting Of six Directors, who
shall, be ,tDcAEolArrs, who shall elect ona of their own
body As President, who shall receive such coTrcnsa-
ton for his s.rvice, as the BOARD may deem proper,
! MOI GICctu!HS IL Nun u th' ''oHNA"
said President, AMI Directors shall hold their Office un-
til their successors shall have been elected, and have
entered upon their official duties.
ART. {. At all elections, each share Of stock shall
cnti,le the owner thereof 10 one vote, and he may
vote bv proxy, hut no stock shall be voted on nnl"-.
owned in good faith, =. ieas; sixty days preceding the
time Of the election.
ART. 7. When three tho1sani shares of the Capt.
tai stock shall. have been subscribed, AL election shall
he he'll! by S. q. Nelson, II. o II. Norton. }. j. pcne
gre. J. A Brand, Logan Mcknight or any three OF
them who shall &C: AS commissioners for thHt purpose
and who shall give twenty days notice in one or moro
Of the city papers OF said election before holding II
II subsequent elections shall be held BY three Tom
mis>ionc~s, (who shall be Stockholders but not Direct
ors.l to be appointed BY tie Directors, and shall be
held on the third Nonda: Of January in each and eve
~ year; n. which election a majority OF the subscr1e"i
Stock must % represented 20 eject. but If \ majority
Of the subscribed stock should not be represented,
then and in that case, another shall be held on the
MonLay following. a: which any number of shares
rer-cscntet shall constitute An election.
ART. 5 In the cveut, from any c.rc, the election
should no. he held at the time hereinhefore provided
,hcu. and in that case, it may be hell at any subse.
| IeshH hi''' "'NN' s'Hc
one or more Of the newspapers published in the city
# New Orlcsnsf
AIT. 9. A meeting of the stockholders shall be
held annually. on the SaturlAy proceeding the third
Monday Of January, at which meeting II shall be the
duty Of the President and Secretary to make = full
and complete statement Of the affairs OF tie corpora
ton, und' r oath.
ART. 10. 1t shall be the duty Of the President 10
call . meeting of the stockholders At any time, upon
the written rcquisition of any number OF stockhoie
crs owning. or representing BY proxy, not less thaa
one .ffth Of the subscribed capital stock Of this e"rro-
ration, and the President and Secretary, if required
SO TO do, shall make = report OF the state OF the al
fairs of the cor. ration under oath, to such meeting,
ART II. Ii. Directors shall elect . Secretary, who
shall also act as Treasurer, who shall give bond With
approvv! security, for the faithful performance Of his
luties; and shall receive such compensation for his
srryic-s as the Board may from time to time tx, and
NAV be rcmr>el At their pleasure, Incy shall ais"
appoint other officers, and employ such other laborers
as from time 20 tim a. they may think proper. and
remove then, at their pleasure.
Arr. y. dividends shall DC nade on the frat Mon
day of September, in each An! e.ery year, from the
net. profits realized from the business Of the prece-
ing year.
ART. Is. Any two Directors, together with Tie
President, shall form = 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 t~,.'
Anr. "a. The sail CORPORATION shall have III" right
- nal rni IA, = rr:r'nn1 sea. '"su" and :" snrl;
ctr"3a< 'rt' a" <m! e"r.~: I'll or per "aal
-,t-'" .~'a' -i..'"r. .r",, IL" + ,,.t>': -:.sI To-
good ami .ai.1 r5arIa: he Coz. r".-l4o...
AIT. Is. The shares in Thu. crpora,ion shall be
regarded az personal estate, and shall be transferable
only on a book kept for that purpose by the ssidco
puration, 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 ta amount
Ct his subscription. He shall be obliged to pay up the
amount Of his whole subscription st such time and in
such n manner as the President and Directors may
order, as hereinhefore 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 stockholder
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 counter1igned by the Secretary, and he shall
he subject to no further call, and shan not be liable
for any debt If the corporation all creditors must
look to the corporate body for their demands.
ART. Is. The dutie. 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, warehouse, platforms, railways, and
wharves, 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
age. and the time during which produce may remain
for sale. To establish such bylaws, rules and regula-
tons as they may deem proper, and not in contraven-