Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-02-06

! III tbA'iA "ft"
declare. that they do by thrse presents teau III
themselves into a corporation, under au't"ri-
ty ct an act Ct the Legislature OF th's State,
entitled An act for the Urganlzaison OF cor
Dorations fer works of public improvements
| ard utitlty.' (Nt5. 1919 Approved March
18th. 1865 70 which end they make aud
, agree to the following
ARTICLES OF ASSOCIATION:
ART. /. The corporat4d name of the as
soc;ation 10 be the LOUISIANA SUGAR
MART.H and to have its domiclIe in the
| city Of New Orleans.
AR. 2. The object Of the association is
! directed especially to the lease or purchase
| OF d lot OF ground, d d the erection thereon
| of suitable sheds, or warehouses; and plat
| forms. railways, wtarves, buildings, and con-
! structions for the convenient storing aud sale
! Of sugar and molasses.
Agr. 9. The Capital Stock of the said
CORPORATION shall consist Of five thousand
shares, OF fifty do|iars each. Bat this corEo-
ration shall 60 into operation when tnFee
thousand shares shall have been subscribed,
ART. 4. The CAPITAL Stock shalt be paid
upon the cal or demand oi the Board Of Dr.
~yectors but not more than twenty per cent,
shall be called IL al any one tine, nor within
any one period OF sixty days.
ART. 5. The business of SAID corporation
shall be managed by a Board. consisting Of
six Directors, who shat be stockholders, who
snail elect one ui their o"u body as PreSi-
dent. who shall receive such compensation,
for his services as the Board may deem prop
or, not exceeding the sum Of one thousand
dollars. And SAID PRESIDENT and Dirc"'ors
shall h }d their office until 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 be may vote by proxy. but NO
stock shall be voted on unless owned in good
faith, at least sixty days proceeding the time
Of the election
ART. T. When three thousand E hares IF
he C,pita) Stock shall have b enssuhscribed,
AL election shall be he d by S. .. Nei.uu. Nj
0. II. Norton, j D. DenegTe, j. 4, B3aud,
Logan Mex night, or any three of them who
>halls act as commissioners for that purpose,
and who shall give twenty days not,t e i ! one
or more Of the city papers OF said election
before holding it. All subsequent elections
shall he held by three Commissioners, (vEo
hsaii be Stockholders, but not Direct 81 to
be appointed by the Directors. ard shall be
held Oh Inc third Monday Of January, in
each and every year; at which election a ma
Ioritv Of the subscribed stock must br repre-
sen ed TO elect, but If d majority Of the sub
scr bed stock should not b. represe1 tel. then
and in that case. another s !a'l be Ell on the
Monday following, at whlch any III uber OF
shares re represented shall constitute all cleo
ton.
ART. In the event, from any cause, the
election should not be held at the time here
inbe!orc provided, then, aud in taat case, it
may be held at any subsequent time, after
giving tlIirty days public notice in one OF
more Of the newspapers published IN the city
Of New Orleans.
ART. g. 4 meeting of the stockholders
shall! be he'd annually, on the Saturday pre-
c%eeding The third Mon'ay Of January, at
which meeting it shall be the duty OF the
President and Secretary to make a full and
coin p!ete statements OF the affairs Of the cor |
under CATH. |
ART. 10. ltsbalI he the duty of the Presi- |
dent to call a meeting of the stockholders at
any time, upon the written requlsltlon OF any
Of stockholders, owning, or repre-
by proxy. not less than one-ffth Of
the subscribed Capital Stock Of this cnrnor-
and the President apd Secretary, i'll
IpqGired So to do. shall ma e d. report Of the
state OF the affairs Of tue corporation under
oath, to such meeting.
ART II The Directors she'll 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 tige to time
and may be removed at their pleasure
j hay- ~Eol .t~- ~. 49,. II
such other laborers as from time to
.,me, they may think proper, und remove
at their pleasure.
ART. IL. Dividends shall be made on the
Monday of September, in each and every
year, from the nett profits realized from The
business of the proceeding year.
ART. 10. ANY two Directors. together
the President, shall form a quorum for
he transaction of business, and in case of the
absence ofthe President, the Directors, being
'ot less than three present, shall appoint one
If their number President pro TEN.
ART. IA. The said corporation shall have
The right to make and use a common seal, to
Tue and be sued to purchase, hold, lease. and
real or personal estate. and all cjta-
aons upon the President shall be good and
'alid against the corporation.
ART. IS, The shares in this corporation
hall be regarded as personal esta e, and shall
'e transferable only on a hook kept for that
by the said corporation, which shall
lways be and remain in the possession of the
President, and by the surrender of the certi- /:
Icate 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
subscription at such time and in such d man
Ter as the President and Directors may order, e
is hereinbetore provided and if any stock
'oIder shalt thus fail to. nav. for thirty DAYS
liter demand. they may forfeit his stock, and c
ell it again for the benefit of the CORPORA {
ion. ard utha, ,,r ,+..llalJ.. I