Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-08-14

soaal2if ic33Hsses and appeared. the persons=lere:
iinaiae named and undersigned, who saSerall5
tllee1TIshtIe That they do By these presents form
themselves into d corporatIon. latitler authorl'
ty OF an acteof the Legislature Of this State
entitled: "An act for the organization Of cor.
porations for works OF public improvements
and utility" mo. 1917 Approved March
l4ths 1865. To which end they make aud
agree to the following
ARTICLES OF Association
ANF.;l. The corporated name If the as
I ISOLATION to be the ALDUISlANA SUGAR
MART" and 10 have its aomicjle in the
city of New Orleans,
ART. 2. The object Of the association is
directed especially to the lease or purchase
Of d lot oil ground, and the erection thereon
Of suitable sheds, or warehouses and plat
! forms, railways, wharves, buildings, and con-
| strnctious for the convenient storing and sale
Of sugar and molasses.
Arr. J.. The Capita! Stock oj the said
corporation shall consist of five thousand
shares, OF fifty dollars each. But this eorpo-
ration shall go into operation when three
thousand shares shall have been subscribed.
ART. 4. The Capital Stock shall be paid
| upon the cali OF demand Of the Board Of Di-
r%ectors; but not more than twenty percent,
shall be called in at any one time, nor within
any one pariod OF sixty days.
ART, s.. The business Of said corporation
shall be managed by a Board, consisting Of
six Uirec tors, who shall be stoc kkolders. who
shall elect one Of their own body as preSi~
for his services as the, Board NAV deem prop
er, not exceeding the sum Of one thousand
dollars. Aid said PRESIDENT and Directors
Shall h3ld their Office until their successors
shall have Ebeen elected, and have entered
upon faeir official duties
ART 6. AT all elections, each share Of
stock shall e,atitle 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 east sixty days preceding the time
of the e lection. ~.
Arg T. When three Thousand shares Of
the Catital Stock shall iayebeen subscribed.
an %eleetio n shall be held by S. @. Nelson, NJ.
O. &, Norton, j. 3. Denegre, j.. A. Brand
Logan Mcknight, or af,y<three Of them who
shall act las commissioners for that purpose,
and who Fhall give twenty days 1]otisein one
or more Of the city papers of said election
before holding it. All subsequent elections:
shall be held BY three Commissioners, fwho
hsall be sstosk holders, but not DHectors,) to
be appointed by the Directors, ard shall be
held on the third Monday Of January, in
each and every year; atWhich election d ma
loritv Of the subscribed ystoek% must be repre-
to elect. but if 4 majority OF the sub
scri,ad stock should not be represented then
and ii that case, another shall be held on the
Monday following, at which any number OF
shares Represented shall constitute an cleo
ton. ~3@ ~
An1.8 In the event, from any cause, the
X x. - .II --4 L. t..JA Il 4 T. - 49,
inbefnre provided, then, and in that cast, it
be held at any subsequent time. after
giving thlrtydays public notice in one or
pore Of the newspapers published IN the c,ty
Of New Orleans.
ART o.. A meeting Of the stockholders
shall be held annually, on the Saturday pre-
the third Monday of January, at
which meeting it shall be the duty of the
President and secretaryto make a full and
complete Statements Of the affairs Of the cor |
poration, uader cath.
ART*f0. It shall be the duty of the rresi-
cali a meeting5of the stockholders at
time, upon the written reqnisition oisny |
aulnber OF stockholders. owning. Or repre- !
b, proxy. n~otsless than o%ne-fft!t of
Che subscribed CapitaLstoek of this cornor- |
alton; AMI the President and Secretary, if
inquired SO to do. shall make a report Of the |
state ct the 4 fairs Of the corporation under
,ath, to such meeting.
ART. II @The Directors she'll electa Sec |
who shall also act as Treasurer. who
shall give bond with approved security, for
the faithful performance Of his duties: and
shall Eece I've such compensation for his ser
vices as The Board may fron, time to time
is, and MAY be removed at their pleasure
They shall also appoint other officers, and
sffch other !~aborers= as from time to
line, they may think proper, und remove
hem at their pleasure.
ARir- ~. Dividends snail be made on the
1rst Monday Of September, in each and every
gear, from, the nett profits realized from the
business Of the proceeding year.
ARE. 13. Any two Directors, together
WITH me President, shall form a quorum for
he transaction Of business, and III case. Of The
ofthe President, the Directors, being
'ot less than three present. shall appoint one
= Arr, 49, The said corporation shall have
he right 10 make and use a common sea. to
ue and h4 sued TO purchase, hold, lease, and
re al or personal estate. and all eta
ions upon the President shall be good and
aid agalost the corporation #
ART. II. The shares in lis. corporat,op
- : - iHeataed "e lftisundi esta e.aTd shall
transferable only on a book keptfa that
by the said corporation. which shall
}w-aysshe and remain in tie possession ofthe
'residentl and By the surrender of the rerfi-
ct stock: and no stockholdes shall be
biigged to1pay, or be responsible beyond the
mount Of his subscription. He shall be
bl1ged toI pay up the amount Of bis whole
ibscf1ptlbn at such time and in such d man
as the President and Directors may order.
: efeInbsiore provided, and If any stock-
oldershali Tins fail to pay, for. fhi,fv 5ays
demand. they NAV forfeit his sfock anJ
III It aga n for the benefit of thezcorpora-
on;saad when any stakeholder shall have II
up by stock in full he shall be entitled =
a Ger ti II for The same, signedb BY the t
resldel1tt and eonntersigned by the secre-
and lie shaIlZhe subject to M f,rtbo-