Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-03-27

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sonallv came and appeared. the persons here
~inafter named and undersigned, who severalty
declare that they do by these presents form
themselves into. a corporation. under authori-
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 u~tiIity.n mo. 1911 Approved March
l4th. 1855. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
Arr. i. The eorporated name Of the as
sociaffon to be the "LOUISIANA SUGAR
MART" and TO have its lomicile in the
city of New Orleans.
ART. {. The object Of the association is
directed especially to the lease or purchase
Of suitable sheds, or warehouses and plat
strtctionsfor the convenient storing and sale
Of sugar and nolasses.
ART. 3. The Capital Stock of the said
shares, ol fifty dollars each. But this eorpo-
thousand shares shall have been subscribed.
ART. 4. The Capital Stock shall be paid
upon the cal! CT demas,d Of the Board Of d.
r%ectors but Dot more than twenty per cent.
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. vino shall be stockholders. who
| shall elect one Of their W body as presi-
| dent, who shall receive such compensation
for his services as the Board NAV deem prom
er, not exceeding the sum Of one tI,ousanf:
dollars. And said PRESIDENT and Directors
shaIl hold their office until their successors
shall have been elected, and have entered
upon their official duties.
ART. 6, AT al elections. each share of
stock shall entItie the owner thereof to one
vote, and he may vote by proxy, but no
stock shall be voted Oh unless owned in good
faith, at least sixty days proceeding The time
Of the election
ART. =. When three thousand shares OF
the Capital Stock shall have been subscribed
an election saall be held BY S, 0. Melon. NJ
O. II. Nnrton, j .. Denegre. J. A. BIaua
Logan Mcknight or any three of them who
shalt act as commissioners for that PURPOSE.
and who s,al! give twenty DAYS notice II one
or more Of the city papers Of said e~leet.o,,
before holding it. All subsequent elections
shall he held by three Commissioners {wEo
1sall De Stockholders. but not DLectors,1 H.
he appointed by the Directors. ard shall be-
held on the third Monday Of January. i,
each dnI eVefy year; at which election a ma
lorltv OF the subscribed stock must be repre-
senfe to elect, but if a majority of the sub
scr BED stock should not be reuTesanted the,
and in that case, another shall be held on the
Monday following, at which any Number o.
shares REPRESENTED shall constitute an cleo.
ton.
ARTS In The event, from any cause. the
"'eetl1n should not be held at the time here
nbetorc provided, then. aud in that case i
may oe held at any subsequent time, ate.
giving thirty days public notice in one q,
more Of the newspapers published IN the city
OF New Orleans. "
ART. 8, A meeting Of the stockholders !
>hail be held Annually !. on the Saturday pre- |
'eed'ng the third Monday Of January, a, !
WHICH meeting it shall be the duty Of thu |
President and SeeretaIYto matte d full and
complete statements Of the afFa! g OF the cor !
p%oratloa, under oath. |
art. 10. Etshail be the duty Of the pres;- |
tent tocali a Eeetlng of the.siockhoiders a |
any time, upon the written rcueisi:iou Of any |
nsHnher Of stockholders. owning, or ranre-
%enting by proxy. not less than ,one-fftft @; |
The subscribed Capital Stock Of this ccrnar-
alton, and the President and Secretary, il |
poured 50 to do, Shall make a report OF The /
state OF 1tle AFFAIRS Of the corporation under !
oath, to snch meeting.
ART. II The Directors shell elect a Ser
who shall also act as Treasurer. WIN.
shall! give bond with approved security. 70,
the FAITHFUL performance of his duties; ant
shall receive such compensation for his SER
wees as tile Board may from time to time
AMI may be removed at their pleasure.
/ heY snail also appoint other officers. and
tn'pIoy such other ~la.orers as from time 10
@irle. they may think proper, uad remove
at their pleasure.
ART. II. Dividends shall be made on fha
Arst Monday OF September: in each and every
year, from the nett profits realized from! the
business of the preceding year.
Arr. -. Any two Directors. togefher
with The President. shall form a quorum for
he Transaction tf business. and iu.case Of rhe
absence oftae President. the Directors, bejuo
Tot less than three present, shall appoint one
Their number President protein. !
ART. Il. The said corporation shall, have
he right to maze and use a common seal. Il,
lie and be sued to purchase. hold. Ease and
,"nVey rea! or personal estate. and all cita-
IONS upon the President shall be good and
aid against the corporation.
AkT' ID. The shares in i5.is corporation :
halI tE regarded as personal esta G. land shall
transferable only on ii hook kept f%or%tfas {
pose hy tue sad corporation, which shall l
!"ayspe ana fen,"in II the possession Of ha j
resident. and by the surrender Of III, certi-
OF stock; and no stockholder shall BE- .
o''ged to pay, Or be responsibfe beyond he ;:
mount OF his subscription, He shall BIZ G
b'igen 10 pay Up the amount Of bis whole u
at such time and in such a nan =
er as the President and Directors NAV ords~. :
nefe1nhftore provided ; and it any stock i
otoer sftat! thus fail TO pay. for Thirty DAYS Z
tier demand, they may forfeit his storl am :