Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-03-13

sonally came and appeared, the persons here-
matte; named and undersigned, who severally
declare that they do by these presents form
themselves into a corporation. under a%utf1orl-
ty of an act Of the Legislature Of thls~state,
entitled *Anact for the organization OF cor
p~orations for works of public Improvements
and u%til,ty.o mo. 1917 Approved March
18th. 1858. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
ART. l.. The corporatrd name Of the as
ISOLATION 10 be the '.LOUlSIANA SUGAR
MART.n and to have its dou'ici!e in the
city of New Orleans,
ART. 2. The object of the association is
d~irecled especially to the lease or purchase
of d lot o! ground. aid the erection thereon
| of suitable sheds, or warehouses and plat
forms. railways, wharyes, buildings, and con-
| str.1ctions for.the convenient storing and sale
of sugar and molasses.
ART. 5. The Capital Stock Of the said
corporation shall consist of FIVE thousand
| shares. OF fifty dollars each. But this corpo-
ration shall 90 into operation when three
thousand shares shall have been subscribed.
ART. 4. The CaDital Stock shall be paid
upon the call OF demand Of the Board Of d.
j AtblSs hHL lttft 9 Rtlait ~ iAH * ~
shall be called in 4, any one time, nor within
any one period Of sixty days.
ART. s. 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
4 1 x-u@ 80 81 II nstf TT--.l.-A z-t r...-tA-
shall hold their Office until their successors
shall have been elected. and have entered
upontheir offcial duties,
Agr.G. At all elections. each share of
stock shall entItle the owner thereof to one
vote. and he may vote by proxy, but no
stock shall De voted on unless owned in good
faith, at feast sixty days proceeding the time
Of the election.
ART. 7. When three thousand Eshares OF
the Capitai Stock shall have bee ngsubsc,ihei.
an election shall be held b. S. O. Nelson. NJ
O. Fl. Norton, j ., Denegre, J. A. Braun.
Logan Mcknight, or any three Of them who
shall act as commissioners for that purpose,
and who sinai! give twenty days notice in one
or more OF the city papers of said election
before holding it, All subsequent elections
shall be held by three Commissioners, iwEo
hsaEl be Stockholders, but not DarectofsJ to
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
!oEltv of the subscribed stock must be repre-
sen:ed to elect. but if a majority of the sub
stock should not be represented, then
and i'll that case. another shall be held on the
Monday following, at which any number OF
shares represented shall constitute an cleo
ART. s In the event, from any cause. the
election should not be held at the time here
provided, then. and in that ease. it
may be held at any subsequent time, at,e,
giving thirty days pubic notice in one or
more of the newspapers published IN the city
Of New Orleans.
ART. O. A meeting Of the stockholders
snail he held annually. on the Saturday pre-
the third MONDAY of IafuaryF at
meeting it shall be the duty If the
President ami sec1etarYto make a full and
'oH1Plete statements oil the affairs of the cor
under oath.
ART. 10. Itshal! be the duty Of The Presi-
|ent to call a meeting Of the stock holders at
ny time, ''pon the written requisltjon orany
OF stockholders, owning, Of repre-
by proxy. not less than one-hfth Of
he subscribed Capital Stock of this ~coruor-
ton: and the President and Secretary. If
poured So to do. shall make a report Of the
tie of the affairs OF the corporation under 7
ath, to such meeting. r.
ART. II The Directors she'll cleo. a Ser &
e'ar5 VINO shat! also act as Treasurer, who t.
give bond with approved security, for -
lie FAITHFUL performance Of his duties. and
nall receive such compensation for his SER
ices as the Board may from time to time
X, and may be removed at their pleasure
hey shall also appoint other officers. and -
fploY such other laboTers as from time to- "
me, they may think proper, und remove 81
lem at their pleasure.
ARr.12. Dividends shall! be made on the
Monday of September, in each and every i,
EAR, from the nett profits realized from the
islness OF the preceding year. tn
ART. IS. Any two Directors, toeether "
18th the President, shall form a quorum for in
tsansaction Of business, and in case Of the A.
sence ofthe President, the Directors. BEING j
'bSless than three present, shall appoint one
their number Presidentpro tena. Re-
ART. ID. The said corporation shall have XII
e right to make and use a common seal Ia pie
and be sued to purchase, hold, lease. ard be
nVey real or personal estate. and all eta hu
ms upon the President shall be good and -
I'D against, the corporation.
aRT. IS. The Shares in Ills corporation n
'll be regarded as personal estate, and shall i
transferable only y on a hook kept for that W =
pose by the said corporation, which shall ani
rays De aud remain In the possession Of the fit
asldent, and by the sIrrenIer&nr tha .ort; eitl
tie Of stock; and no stakeholder shall he !.
ised to pay, or be responsible beyond the on
cunt OF. his subscription. He shall. be GRO!
lged to pay up the amount of his whole owe
at stsch +;,,,a ,,, :. au.L con
as the President and Directors may order. yea
nerelnbetore provided and if any stock Of t
der shall THUS fail to nav. for thirt ~ i, ne que
,r Il demand tb., 49, y:4 T. nays "Ps