Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-04-10

%sonalfY came and appeared, the persons here.
inaffer named and ,ufaa Fs;ss ned, Wt.oseyerafiy
/ declare that they II, BY these presents form
themselves into d enf!prafioli, under anthofl-
tyof an act OF the Legislature of this State,
entitled: AN act for the organization Of cor
porations forworks Of pubic Improvements
and u~tiIity.h mo. 1917 Approved March
14th. 1866. &c which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
ART. /. The corporatei name Of the as
ISOLATION to be the tL0UIsIANA SUGAR
MART,n and to have its tlolniclle IN The
city Of New Orleans.
ART. 2. The objectzof the association -
directed especially to the lease or purchase
of q lot OF ground. ID the erection thereon
| of suitable Sheds. or warehouses and plat
forms. railways, wIsarves, buildings, and con-
| strnctions for the convenient storing and sale
Of sugar and molasses. g.
/ Art. 5. The Capital Stock Of The said
corporation shall consist Of five thousand
shares, Of fifty dollars each. But this cospa-
ration shall. 60 into operation when three
thousand shares shall have been subscribed.
Art, 4. The Canita} Stock shall be paid
upou the call Oh demand Of The Board OF hi
~reetors but net more thai! twsntg,n % cent,
shall be called in at any one tiine:= nsr within
any one period OF sixty days. -
Art. 5. The businessof said corporation
| shall be managed by a Board. consisting Of
| six Directors, who shall be stockholders who
I shall elect one of their own body as Fresi-
| 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 official duties. "
APT. 6. At all elections. each share of
| stock shall entitle the owner theseoft 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 preceding The time
Of the election.
Act. 7. When three thousand shares Of
tie CAPITAL Stock shall haye been subscribed,
an election shall be held by S.. O. Nelson, N.
@. H. Norton, ] ,, I1enegra. ]. 4 Bland
Logan Mcknight, or any. three Of them who
shall act as commissioners for that pa rI,ose,
and who saaEl give zwenty days notice il one
or mere of the city papers OF said election
heior. holding it. Al. subsequent elections
shall be held by three Commissioners {wfo
tlsalI be Stockholders, but not Directors:l 10:
be appointed BY the Directors, ard. shall lie
held on the third Monday OF January, in
each and evesy. year at which election a ma
iorstF Of the subscribed stock must be repre-
sensed to elect, butIf a majority Of the SUBJ
scr:1ed stock should not be represented, then
and IN that case, another shall be held OIL the
Monday following, at which any number ef
shares represented shall constitute an cleo.
ton.
Ass-gs In the event, from any cause, the
election should not be held at the time here
inhefore provided, then. and in that case. it
may De held at any subsequent time, after
giving thirty days public notice in one Of
more Of the newspapers published III the city
Of Mex Orleans,
ART. 8. a meeting Of the stockholders
shall be held annually, on the Saturday pre-
ceedldg the third Monday of January. al
which meeting it shall be the duty of tf1e
President and Secretary 70 make a fill and
tomn iete statements Of the atisirs Of the cor
f~oFatlon, under oath, z
Arr. 10, It shall be the duty Of the psesi-
dent to call 4 meeting Of the stockholders al
any time, upon the written re4uisi!lon ofanr
number Of stockholders, owning. or repre-
s%eating BY proxy. not less than ona-fffh oi
the subscribed Capital Stock Of this corner
alton; and the President and, Secretary, IL
fpquired SO to do. shall make a report Of the
state Of The affairs Of the corporation under
oath, to such meeting. "
ART. Il The Directors Shell elect a See
Rotary, 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 |
hxsand may be removed at their pleasure
They shall also appoint other officers, and |
employ such other laboreSs as flon, time to |
time: they may think proper, una remove
thena at their pleasure. s4
Art. 12. Dividends shall be nlade Oh The
tEst Monday Of Septefnber. In each and every
gear, from the nett profits realized from the
business OF the preceding year.
ART. 49, Any two Directors, together
with the President, shall form. a quorum for|
the transaction Of business, aud in case of the
absence ofthe President, The Directors, being
not less than three present: shall appoint one
OF their number President pro tenn.
ART. II. The said corporation shall have
the right to make and use a common seal. to
sue and be sued to purchase, hold, lease. aud
real or personal estate. and all cita-i
tlons npon The President shall be good and
valid against the corporation. Il
ART. Is. The shares in his corporation
shall be regarded as personal esta e,and shall |
be transferable only ON a hook kept for that
purpose by the said corporation, which shall
always be and remsin in tile possession of the
President. and by the sssrrentter of the certi-
f1cate Of stock, and no stakeholder shall be
obliged 70 pay, OF be responsible beyond the
amount of his subscription. He shall be
to pay up tbs amount Of his whole
subscription at such time and in such a ,nan-
ner as the President and Directors NAV ordeT.
as lierelnbeiore provided; and II any stock
holder shall thus fail TO pay. for thirty DAYS
after demand they may forfeit his stock. and |
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