Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-02-20

sonally came and appeared. the persons mere
matter named and undersigned, who s~everal1>
declare, that they do by these presents form
| themselves into a corporation, under anthorl'
ty of an act of the Legislature of this State
entitled IAN act for the organization of cor.
porations for works of public improvements
and utility" mo. 1917 Approved March
18th, 1868. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
ART. l.. The corporated name of the as
ISOLATION to be the 'LOUISIANA SUGAR
MART" and to have its domicile in the
city of New Orleans.
ART. 2. The object of the association is
directed especially to the lease or purchase
Of IA lot OF ground, aid the erection thereon
of suitable sheds, or warehouses and plat
! forms. railways, wharves, buildings, and con-
| strnctious for the convenient storing and sale
OF sugar and molasses.
ART. 8. The Capital Stock Of the said
| corporation shall consist of five thousand
shares OF fifty dollars each. But this corpo-
ration shall so into operation when three
thousand shares shall have been subscribed.
ART. 4. The CAPITAL Stock shall be paid
upon the cal! or demand Of the Board of Di-
tctkCiS III afSt IVA tbah ~ 1AtJ FCA S'E
shall be called in at any one time, 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 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 sum of one thousand
dollars. And said PRESIDENT and Directors
shall hold their Office until their successors
shall have been elected, and have entered
upon their oticial duties.
ART. 6. At all elections, each share of
stock shall entitle the owner thereof to one
vote. and he may vote by proxy, but no
shall be voted or unless owned in good
faith, at least sixty days preceding the time
Of the election.
ART. 7. When three thousand Is shares of
the Capital Stock shall! have bee n;s,5scribea,
an election shall be held by S. O. Nelson, M.
0. Fl. Norton, ] D. Denegre, J. A. Brand
Logan Mcknlght,o Or any three of them who
shalls act as commissioners for that purpose, |
and who shall give twenty days notice.in one |
or more OF the city papers Of said election |
before holding it. ALI subsequent elections
shall! be held by three Commissioners, {who |
hsall be Stockholders, but not Drectors,l TO
be appointed by the Directors, and shall be
held on the third Monday Of January, in |
each and every year; at which election a ma
Iorltv Of the subscribed stock must be repre-
to elect, but if a majority Of the sub
stock should not be represented, then
md in that case. another shall be held on the
following, at which any lumber of
represented shall constitute an cleo
ion.
ARTS In the event, from any cause, the
election should not be held at the time here
nbeiorc provided, then. and in that case. it
nay be held at any subsequent ..me, after
,!ving thirty days public notice in one or
more OF the newspapers published In the city
NJ New Orleans.
ART. 8. 4 meeting of the stockholders
hall be held annually on the Saturday pre-
the third Monday of January, at
which meeting it shall be the duty of the
President and Secretary to make a full and
ornpiete statements of the affairs of the cor
under oath.
ART. 10. ItshaIl be the duty of the pres;-
ent to call a meeting of the stockholders at
ny time, upon the written sequisition oil any
lumber Of stockholders, owning, or repre-
enting by proxy. not less than one-ffth of
ae subscribed Capital Stock of this corpor-
and the President and Secretary, il
oquIred so to do. shall make a report of the
OF the affairs Of the corporation under
to such meeting, .
ART. II. The Directors she'll elect a Sec
sSary, who shall also act as Treasurer. who I
sall give bond with approved security. for i
re faithful performance of his duties: and +
iall receive such compensation for his ser ,
ces as the Board may from time to time
and may be removed at their pleasure
hey shall also appoint other officers, and
nploY such other laborers as fIom time to
they may think proper, und remove =,
at their pleasure, "
ART. IL. Dividends shall be made on the q
st Monday of September, in each and every
from the nett profits realized from the
OF the preceding year. p
ART. IS. Any two Directors, together r.
|th the President, shall form a quorum for 50
e transaction Of business, and in case of the
otthe President, the Directors, being IN .
{ less than three present, shall appoint one
their number President pro ten. til
ART. IA. The said corporation shall have p
2 right to make and use a common seal, to hi
; and be sued to purchase, hold, lease. and =
nVey real or personal estate, and all cita- pl
upon the President shall be good and be
lid against the corporation. ~
IS. The shares in this corporation -
III be regarded as personal estate, and shall
transferable only on a book kept for that =.
pose by the said corporation, which shall /
rays be and remain in the possession of the to1
esIdent, and by the surrender of the cert. wi
tie Of stock; and no stakeholder shall be e ar
iged to pay, or be responsible beyond the cit
CUNT of his subscription. He shall be !
ICED to pay up the amount of his whole las
at such time and in such a man va a
as the President and Directors may order, owe
lere1nbetore provided and if any Stock con