Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-01-23


number of stockholders, owning, or repre-
senting by proxy. not less than one-tifth of
the subscribed Capital Stock Of this corpor-
alton; and the President and Secretary, if
rpquired SO to do, shall make report Of the
state of the affairs of the corporation under
oath, to such meeting. ,>" ,
ART. H.. The Directors shell elect a Sec
retary, 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
fix, and may be removed at their pleasure
They shall also appoint other officers, and
employ such other laborers as f,om time to
time. they may think proper, und remove
them at their pleasure.
sy ART. 12 Dividends shall be made on the
first Monday Of September in each and every
year, from the nett profits realized from the
business Of the preceding year.
ART. l3. ANY two Directors, together
with the President, shall form quorum for
the transaction of business, and in case of the
absence of the President, the Directors, being
not less than three present, shall appoint one
Of their number President pro tenn.
ART. Id. The said corporation shall have
the right to make and use common seal. to
sue and be sued to purchase, hold, lease. and
convey real Or personal estate: and all cjta-
tions upon the President shall be good and
valid against the corporation. a ts r.
ART: -. The shares in this corporation
shall be regarded as personal estate: and shall
be transferable only on book kept for that
purpose by the said corporation, which shall
always be and remain in the possession of the
President, and by the surrender Of the certi-
Gcate of stock and no stockholder shall be
obliged to pay, or be responsible beyont the
amount of his subscription. He shall be
obliged to pay up the amount OF his whole
subscription at such time and in such man
ner as the President and Directors may order.
as hereinbetore provided ; and if any stock
holder shall thus fail to pay, for thirty days
alter demand, they may forfeit his stock, and
sell it again for the beneti! of the corpora
ton; and when any stockhoder shall have
paid up his stock in full, he shall be entitled
to certificate for the same, signed by the
President, and countersisned by the Secre-
tary, and he shall be subject to no further
call, and shall not be liable for any debt OF
the corporation; all creditors must look to
the corporate body for their demands.
ART. lG. The duties and powers OF the
Board of Directors are To purchase or lease
suitable lots of land. and cause to be erected
platforms, railways, and wharves, for the ac-
commodation, storage or sale Of sugar and
noIasses, and to manage the same. 10 lease
the same, if they deem proper, for one or a
term of years. To fix the rate of storage,
charges and wharfage, and the time during
which produce may remain for safe, To es-
tablish such bylaws, rules and regulations
as they may deem proper, and not in contra
vention of the laws of the State, of the
United States, OF Of the Municipal regulations,
and generally to manage the affairs Of the
corporation.
ART. II. This Charter shall continue for
and during the term Of twenty-five years, un-
less sooner dissolved by. meeting of stock
holders, according to the fifth section Of the
act of the Legislature, No. l31. approved
March 14th, 1855, above referred to. or other
wise and at its termination, or in case Of.
insolvency, its affairs shall be liquidated by
one or more commissioners, not exceeding
three, to be elected by the stockholders, 9 i
- In n orthern Illinois are two
brothers, who offciate, as occasions
offer, in the: church as .exhorters, or
something of the kind, and hatter
themselves on the peculiar spirit in
which they at times enter upon
their humble calling. On one oc-
casion. the elder brother, in discant-
ing at some length upon the. char
acteristics Of each, gave the follow
ing forcible illustration Of his 'ssspir-
itual' superiority = 'n'5 IN 10: s=s
as<Brother George said he, <scan
exhort and sing, but be can't pray.
! can pray his shirt off, off, :: ss@..,s ..+
Punch proves the impossibility
Of an zinhabitantsof the earth ever