Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-05-15
CONSTITUTION OF THE
LOUISIANA SUGAR MART.
ST Of LOUISIANA

t4tSi5Ax GWEV IDtf1IfIEsIJifffl GsstHl4 I1ai2iiAks@ i1A8
soually caneSaad Appeared. the persons mere
matter named and ~unsIegais stea, WhosaseHa11p
| declare that they 10 by these presents form
themselves into q corporation, under authorl~
tv Of an act Of the Legislature Of this State,
entitled An act for the organization Of cor
p~orationn for works Of public improvements
and n~tll1tY.1 INC. 1911 approved March
18th, 1865. II which end they make and
agree TO the following
BsGTII1f1.LIFIz III, OF ASSOCIATION:
Art. l.. The eo1rorated' name ol the as
ISOLATION to be. the "L0UIsIAhA SUGAR
MART,; and 10 have It's a~ozaieile in the
city Of NeH Orleans.
ART. 2. The Object al the association is
directed especially to The lease or purchase
OF a let 81 ground, aad the erection thereon
al suitable sheds. ff warehouses and fjat~
/ forms. railways, wharaesa, buildings. and con-
/ strt7etinns foE the eonTenIaHt storing and sale
Of sugar and nolasses.
Arr, :. The Capital Stock Of the said
corporation shall consist Of five thousand
/ sharesz q fifty dollars each. But this COZ 20
ration shall 20 into operation when three
thousand shares shall have beeh subscribed
ART, i. The ('azsital Stock shalt be paid
/ unega the call Of demand Of the Board oi Ui-
| %rectors but mot more than twenty per oeat..
shall be called in At any one time, nor within
any Ole rafjoa Of sixty days.
ART. g. The business If said corporation
shall be- managed hr & Board, consisting. Of
six Directors. who shall be stonklsolda rss who
shall elect eE1e Ct their W body as Presl-
dent. who shall receIza such compensation
for his services As the Board may deem prop
or, not exceeding the sun OF one thousand
dollars And said I+reesdefsH and Directors
shall ibid their Office until their successors
shall have been elected. and have entered
upon their official duties |
ART. 6. At all elections. each share Of
stock shall eHtstle The owner thereof 10 one |
vote. and he may vote by froxY. but TO |
stock shall Re voted on unless owned in good
faith, at least sixty days preceding the Tina
o1 the election
ART. T. When three thousand ~sIares Of
the Capital Stock shall have been subscribed,
AT election shall he held by s. Q. Nelson. If.
O. +, Norteas ]. Il. DeneEre, ]. 4, Baud
Logan Mcknight 1T any three Of them who
shalt act a. commissioners for that purpose,
ana who shall give 5aeaty days notice in one
Or more Of tne city papers Of said election
b=Eore hotaIa a Il. AL subsequent elections |
shall be held by three Commissioners. EEutkk11
nsaIl be- Stockholders, but not Dtractors.l 10
b. appointed b. tie Directors, and shall be
held OF the third Monday Of January. in
each and every year; 1t which election a ma
,iaritE 81 tbs subscribed stock x7ust le repre-
senSeG to elect, but II 3 majority Of the sub
scr'3ed stock SHOULD not he represented then
and lit thai Case. another shall be held OF the
Monday following at which any number Of
zt1arez represented shall constitute an eEae-
lion t
Art. = IN the event, from CIV esessza. tile
election should not be held at the time here
1nbeterc provided. then. and ia that case. it
may De held At any subsequent time. after
thirty days public hotice III one or
more of the newspapers published In the city
OF New Orleans
ART 9. 4 meeting of The stockholders
shall be heil annually. o1 the Saturday pre-
the third Monday Of January. at
meeting il STALL be the datY ii The
President and Secretary 10 make q fill and
:onp}eIe statements Of the affairs Of the COR
n~oratIon, under oath
AaT. 10. Il shall be The duty OF the prast-
tent to call 4 meeting Of the stockholders Il
any tisae. upon the written re4nisitio1 oranv
Of Stockholders, owning er resre-
by prezT- rat less than eHe-tlfah d
ne subscribed Capital Sleek Of this ~eorg1or~
aud The President and r.sesetafF, II
p9Hi1ed 81 - DO sssa}i make 4 report 81 the
Ct the affairs Of the errnorgtiea uFtter ,
'ath, to saeh meeting
ART. II. The Directors she'll elect a SEC !
etarF, who shall also act ~ 7 Treasurer, wig I
ball give bond with approved security. Eor !
ne iajt4EffuI performance Of his duties: and /
hall receive aeseii compensation For his ser
ices al the 5oaEd may from time 10 time
IL, and lz1ay be fer4as ed at their ffeastzrn-
hey slIafl also appoint ether officers. and
Such otaer iahoreEs as from time to &
!faae th4y mag tMuk- prayer, sszati remove
hem at their pleasure +
Arr. +. Dividends shall be made On the F.
Fst MorEiaT Of September, in each and every i
ear, srol1 the nett proIits realized from the +
ns5nass RI the preceding year. Il
Asr. Is. Any two Directions together 81
nth the Irestdents shall form a quorum for r.
ie transaction OF business, ard in case OF The 4
asence oftha President, the Directors. being -
Of less than three present, shall a1.polrlf one Il
their mum Der President pro ten. 3
ART. Ii. The said corporation shall hare HI
'e right to make and use Il common seal. 10 Il
il and DO sued, to purchase, hold. lease, and +.
1nveJ real OF personal estate. afntt=an clta- h,
~ "tAsst Fd3s 1sas3eas :sIia1a Ge sgnaI and
aid against the corporation So
ART Is The shares in his CORPORATION :,
BIZ regarded as personal estate. and shall /
tTaF1steEab bic only OH 4 book kept for that %
tfnose ny the said corporation which shall "
be and remain IN the possession of the e. e.
20 I"1rs sa1 Wy sae ae'i5ehaer oi tss eeftl~ eli
ate Of stock and no stakeholder shall BIZ
10 pay. or be responsible heYoaa, the ias
.aslnt nf &itie snhSer;rfte. -s.7sl en-
.f;~.1 $500, g e1*aAs ~ sst
~ - eIG @ssfo2HsE Vi HIS WlolG pv1
nssiInn4414a alstcil tssIe ana HI such q man, &C!
Z IL the President and Directo1s NAV order. :
Slefeinbeiere provided and If any stock - =
e3t8 ,asast7i 10 pay IoF ShsftV days "a
EeI deEna nd. tIIaE n1ag forieiE bis st1aeE andIaI