Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-04-24
CONSTITUTE II CT HE
I0UIGLLAAIlIT1A SIG e MMAnT'.
STATE OF LOUISIANA, |

matter named and undersigned, who several
| declare that they do by these presents form
! themselves into d corporation, uuder ~apthogl
! ty IF an act Of the Legislature Of this State
entitled "An act for the organization Of cor
! fH}ratiofs Ter works of public Improvement
| and utility" no. 1912 Approved NarcI
18th. 1855, 7. which end tEey make All
agree to the following
Articles C ASSOCIATION:
ART, /. The eorI,oEat+d name Of The as
| ISOLATION to be the sLDUISIANA SuGaI
MAET,1 and 10 have it's donlicjIe in tat
city Of New Orleans.
ART.2. The otject Of the association is
directed especially TO the lease or purchase
III d lot ot ground. a Il the erection thereon
Of suitable Sheds or uate~}letiSes and plat
forms. railways, wharveS, buildings, and con-
strnctIons for the convenient storing aud sale
Of sugar ana nfoIasses.
AaT. 5. The capital Stock Of the said
corporation shall consist OF five thousand
shares, OF fifty dollars each. Bat this corro-
ration shall! 90 into operation when t4ree
thousand shares shall have been subscribed.
AHf. i. The CAPITAL Stock shalt be paid
upon the call OF den,alId Of the Board Of d.
~rtctors but moi mn5e than twenty per cent.
shall be called in at any one time, nor within
aa5 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 eEectone Of their own body as Presi-
cent. who shall receive such compensation
for his services as the Board may deem, prep
er. not exceeding the sun of ole thousand
.trfEn.- ~ c4sti Itr,.s1o~s .,.j y1tr,ta.-
>ElaIi hgla their office until their successors
upon their official dtit.as.
ART, e. At all elections, each share of
shall e%ut;tIe thu owner thereof to one
vote. aud he may vote BY proxy. but no
stock shall oe voted on unless owned in good
FIFTH, at least sixty days proceeding the time
Of the election
ART. T. When three Thousand shares of
The Capital Stock shall have been subscribed,
III election shall be held by 5. O. Nelson. NJ.
Il. Merton, J D. Denegre, ]. 4. Baud
Logan AchnigIlt.e or any three Of them who
hail act As commissioners for thai purpose.
md "ho Shall give 1wentv DAYS notice ~ enc
n more Of the city papers Of said election
before holding it. All subsequent elections
hall be held by three Commissioners, (who
1saEi be stdc klloIders, but not Drectors.1 to
1e appointed by the Directors. ard shall be
oesd on the third AcgdaT of January. in
'aca and every year: at which election a u1a- /
orIGv OF the subscribed stock must h= reare-
to elect, hut il a r~najnyity Of the sub |
bed stock should not be- represented y - . = !
nd in that case. another sttegtttf l. III. held IN th. |
SIoaataT following. at which an; number Of
Mares essEas3I4teA shall constitute an cleo /
ion.
ARTS Tn the event. from any ca11se. the
LECTION should not be held at the time here
.noe5orc provided. tIeet- and in that eas@. it !
ray ne held at airy subsequent time. after
'Vettg thirty days public notice in one CT
1ore OF The newspapers published In the CITY
/ New Orleans.
AKT~ g. 4 meeting Of the Stockholders
be held annually, OF the Saturday nre~
the third Monday Of January at
=hIch meeting ii shall he the DUTY 81 The
resident aid Secretary 10 NAL he 4 frsst and
statetisefs Of the affairs Of the cor
ora ton. under cath.
ART. 10. It shall be TIE duty Of the presi-
eat to call It 1%Eeetlng Of the Stockholders at
y time, upon the written Fequisit;an ofaev
nnher ct stockholders, owning, or repre-
3aE1ts ny proxy. rot less than nae-afEt of
g subscribed Capital Stock Of this c~orpor-
3on: and the President and Secretary. If
CURED SO to do, shall make a report Of the
ate OF the affairs Of the corporation under :
III, to such meeting.
ART. II, The Directors she'll elect a see- i
tar;- who shall also act as Treasurer. who T
ali give bond with approved security. for =
FAITHFUL performance OF his duties; and Z
all receive such compensation for his ser
res as the Board may from time to time
!, aad may be FeraoFed at their pleasure
ley shall also appoint other officers, andI
IT>toT such other f~ahorers as. fiona time to II
1e; they may think proper, uud remove ri
IN at their pleasure. .
ART IL. Dividends shall be made on the
It hIoniay OF September. in each and ererv =,
aT= from the nett profits realized from the :
slness OF the preceding year. II
ART. -: ANY two Directors. together SO
HI the President, shall form, a quorum for in
transaction oi business, and in*case of the a!
enee oit}se President, the Directors. being :,
less than taTee present, shall appoint one ii
their number President pro tenn. Re
II. The said corporation shall have III
right to MAKE and Use a eoratnon seal, 70 nj,
and be sued; to purchase, hold. lease, and be
FeY real or personal estate, and all eta HI
IS upon the President shall be good and
ID against the corporation.
ri. Is. The shares in his corporation ~
be regarded as personal esta e, and shall /
only on a book kept for that g.
by the said corporation, which shall NJ.
aysh be and remain in tile possession Of The sri
sldent. aTt! BY the surrender of the certi- eft
Ee Of stock; and no stock holder shall he Z
sed to pay. OF be responsible beyou.., the las a
'unt Of his subscription. He shall be Gro
sed to pay up the amount Of his whole owe
:%crlptlon at such tIlne=a in such a man con
as the President and Directo1smav order, :
provided ; and If any stock Of
.er shall thus fail to pay, for thirty DAYS que
demand, they may forfeit his stock, and "p
L a1c1t. a e. 10 -I..as4 e 4. - - are