Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-05-22

Tor me TuTJSu u I've" J Ills t"t
isiana, duly OF commissioned and qualified. per
| sonalIy came and appeared, the persons here
matter named and undersigned, who severallv
declare that they do by these presents form
themselves into a corporation, under author'-
ty Of an act of the Legislature of this State,
entitled San act for the organization ofcor-
porations for works of public Improvements
and utility" mo. 1917 Approved March
l4th, 1865. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
ART. |. The corporated name of the as
ISOLATION to be the 'LOUIS1ANA SUGAR
MART,n and to have its domicjle in the
city of New Orleans.
ARTS The object of the association is
directed especially to the lease or purchase
of d lot OF ground, a id the erection thereon
of suitable sheds; or warehouses and plat
FORMS. railways, wharves, buildings, and con-
strnctions for the convenient storing and sale
of sugar and molasses.
ART. g.. The Capital Stock of the said
corporation shall consist Of five thousand
shares, OF fifty dollars each. But this corpc-
ration shall go into operation when three
thousand shares shall have been subscribed.
ART. 4. The CAPITAL Stock shall be paid
upon the call or demand of the Board Of Di-
%rectors but not more than twenty per cent.
shall be called in a, any one time, nor within
any one period OF sixty days.
ART. $. The business Of said corporation
shall be managed by a Board, consisting OF
six Directors. who shall be stockholders. who
shall elect one of their own body as Presi-
dent, who shall receive such compensation,
for his services as the Board may deem prop
er, not exceeding the sam of one thousand
do liars. And said PRESIDENT and Directors
shall add their Office urtiI their successors
shall have been elected, and have entered
upon their official duties.
ART. s. At all elections, each share Of
stock shall entitle the owner thereof to one
vote. and he may vote by proxy, but no
>tork shall be voted on unless owned in good
faith, at least sixty days preceding the time
of the election
ART. 7. When three thousand shares OF
the Can;tal Stock shall have been subscribed.
an election shall be held by S. 0. Nelson, M.
o. H. Norton, J D. Denegre, J.. \. B,aud
Logan Mcknight. or any three of them who
shall act as commissioner for that purpose,
and who snail give Twenty days notise il one
or more of the city papers of said election
before holding it. All subsequent elections
shall be held by three Commissioners, (wEo
hsali be Stockholders, but not .Drectors1 10
be appointed by the Directors, ard shall be
held on the third Monday of January, in
each and every year; at which election a ma
ioritv Of the subscribed stock must be repre-
sented to elect, but if a majority of the sub
scr BED 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 cleo
ton.
AR1.s In the event, from any canse, the
election should not be held at the time here
inbeforc provided, then: and in that case, it
may oe held at any subsequent time. after
giving thirty days public notice in one or
more of the newspapers published IN the city
of New Orleans.
ART. 9. A meeting of the stockholders
shall be held annually, on the Saturday pre-
ceeding the third Monday of January, at
which meeting it shall be the duty Of the
President and Secretary to make full and
poration, under oath.
ART. 10. tshall be the duty Of the Presi-
dent to call a meeting Of the stockholders at
any time, upon the written reQuisition Of any
Of stockholders. owning, or repre-
by proxy. not less than one-fith Of
the subscribed Capital Stock of this corpor-
alton; and the President and Secretary, if
so to do. shall make a report of the
of the affairs Of the corporation under
oath, to such meeting.
ART. u The Directors shell elect a Sec
who shall also act as Treasurer, who
shall give bond with approved security, for
The faithful performance Of his duties and
shall receive such compensation for his ser.'
vices as the Board may from time to time
fix, and may be removed at their pleasure
They shall also appoint other officers, and
such other laborers= as from time to
lime. they may think proper, und remove
hem at their pleasure.
ART. IL. Dividends shall be made on the
lrst Monday Of September, in each and every
year, from the nett profits realized from the
of the proceeding year.
ART. 10. Any two Directors, together
With the President, shall form a quorum for
he transaction Of business, aud in case of the
lbsence ofthe President, the Directors, being
lot less than three present, shall appoint one
If their number President pro tenn.
ART. ID. The said corporation shall have
he right to make and use a common seal, TO
'ue and be sued; to purchase, hold, lease. and
convey real OF personal estate, and all cita-
ions upon the President shall be good and
'alid against the corporation.
ART. IS. The shares in his corporation
hall be regarded as personal esta e, and shall
'e transferable only on a hook kept for that
purpose by the said corporation, which shall
ways be and remain in the possession of the
President, and by the surrender of the certi- /
1cate Of stock; and no stakeholder shall be
to pay, or be responsible beyond the
mount of his subscription. He shall be
to pay up the amount of his whole
Inscription at such time and in such a man
Ter as the President and Directors may order.