Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-04-03

iisiaua. duly commissioned unqualified. PER-
~souaIlY came and appeared, the persons here
| matter named and auslsrslgneds " hos eperall'Y
declare thai they do BY these presents form
| themselves into q corporation, under a%ntnotI-
ty Of an act Of the Legislature Of this, State,
entitled IAN act for The organization Of cor
pprations for works of p;sblic improvements
and u~til1ty.a NO. 1917 Approved March
18th, 1888. To which end they make and
agree to the following :
ARTICLES OF ASSOCIATION: :
Arr, /. The eogporated name nj the az
| soeiatteIf to Be the ''LOTiSIANA SUGAR
/ Ma RI" and to have its l~onicjle in the
city Of New Orleans. -
Ant. ?. The object Of the association is
directed especially to the lease OF purchase
! Of a lot Of ground, I'd the erection thereon
| Of suitable sheds, Or warehouses and plat
forms. railways, wharYes, buildings, and con-
| strtctions for the convenient storing and sale
! Of sugar and molasses.
ART. 3. a@T'he Capital Stock Of the said
| corporation shall consist Of five thousand
shares, 81 fifty dollars each. But this cofpo~
ration shall go into operation when three
thousand shares shalt have been subscribed.
ART. 4. The. Eapital Sts X shall be paid
upon the call or demand Of the Board Of Di-
r~eetors ; but not more thantwenty per cent,
shall be called in al any one time, NOT Witlin
any one period Of sixty days.
ART. S. The business Of said corporation
shall be managed by d Board, consisting OF
six Directors who shat! BE- stockholders. who
shall! eIect one Of their own body as psesi-
dent. who shall receive such compensation
for his Services as the Board may deem prom
as ..n+ xtraaJ;pn Fha" s,ro xf ,ra tIrI-,,J
dollars. And said PRESIDENT and Directors.
shall hold their Office until their successors
shall have been ~eleeted, and have entered
upon their official DUTIES.
ART. 6. At ali elections, each share Of
stock shall entitle the owner thereof to one
vote. and he may vote by Proxy, but no
stock shall 5e voted OF unless owned IN good
faith, at least sixty days preceding the time
Of the election g.
ART. =, When three thousand shares of
the Capital Stock shall have been subscribed,
an election shall be held by s. q. NeEon. M.
0, Il. Nortonr J. .. Deuesge, J. 4. Fraud
Logan Mcknight, nr any thre. of themrwho
shall act as commissioners for that purpose,
aud who stall give twenty days notice in one
Or more Of tine city papers Of said election
before holding it.. All subsequent elections
shall be held by three Commissioners, twko
hsaIl be Stockholders but not Direeters} to
be appointed by the directors, ard shall be
held on the third Monday OF January, III
each and every year; at which election q ma
iossty Of the subscribed stock must be repre-
sented to eject, bat # a majority OF the sub
scrfJed stock. should uat be represented. then
and in that case. another shall be held On tbs
Monday following. at which any number Of
shares represented shall constitute an cleo
ton. =s -: g..
ATS IN the event, ffom any cause, the
election should not be held at The slrae here
lnbetoEe provided, then. and III that case, it
may DC held at any subsequent time. after
giving thirty days. public notice in one or
more OF the ne vspapers published ts the city
of New Orleans.
Aar~o., 4 meeting of the stockholders
shall be held anntall} !. on the Saturday pre-
ceeding the third Monday of January at
President aud Secretary to make u full and
complete statements Of the a!iairs of the Coz
pofation. under oath. |
ART. 10. ltshall be the duty of the Pr.si- |
dent to call a ~nneeting Of the stockholders at |
any t'fne, upon the written reqHlsitlon ofanr |
htnnber Of stockholders. owning, Or repre-
by ProXy. not less than cre-ffth OF
the subscribed Capital Stock Of this %cor,or-
alton; and the President and Secretary, i!I
POURED SO to do. shall make a report OF the
state of the, affairs Of the corporation audsr
oath, to such meeting.
ART. II The Directors she'll elect a Sec
who shall also act as Treasurer, who
shaIi give. bond wtth approved security, for
he faithful performance Of his duties; and
shall receive such compensation for his SER
vices as. the Board may from time to time
lx, and may be removed at their pleasure
They snail also appoint other officers, and
such other latorers as fIou time to
in1ts, they may thinke proper, und remove
hem at their pleasure.
ART. u. Dividends shall be made on tbe
lrst Monday Of September. in each and every
'ear, from the nett profits realized from the
BUSINESS of the preceding year.
ART -. Amy tn-o Directors, together
With the President, shall form a quorum for
he transaction Of business, and in case Of the
bseace afthe President, the Directors, being
OF less than three present, shall appoint one
I their number President pre- ten.
ART. IA. The said corporation shall have /
ne right to make and use a common seal, to :
and be sued to purchase, hold, lease. md |
onyey real or personal estate, and all eta
'ors upon the PEesldent shall he good and +.
aid against the corporation. - I
ARTE:sI5. Theshares in his corporation 7
aall be regarded as personal estaf e, and+shall1 :.
e transferable only on a book kept for that i
afpose by the said corporation, which shall a
ways be and remain inthe possession Of the Il
resident, and. by the Surrender of the certi- t
cate Of stock; and no stoekllolder shall Be j.
bltged 70 pay: or he responsible beyond the Q
mount oil his subscription. He shall be- .
1ligsel to pay up the AMOUNT of his whole 2
description 1T such time and in such a man :
er as the President and Directors NAV order :
hereittoeiore provided and If any stock q
older shall thus fail 10 pay, for thirty DAYS e