Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-06-12

ami utI5tr.' mo 1871 HnFFVFfE MOI i
! 18th, 1885. TIC which end t,lsy make ait
agree "a the following
ART CLEs OF ASSOCIATION
ARr. l.. The ~corporatrd na1ne Of the as.
ISOLATION 10 be the '*LOUISlANA SUGAR
MART,' ia md to have it's G~onllcjle ia the
city of Now Orleans.
ART. 81 The ol#ct.of the association Is
directed especiaIlv to The lease o. purchase
Of a lot Of gzourd. a d the erection thereon
| of suitable sheds. or warehouses and plat
! forms. raj iva rs, wharves, buildings. and con-
structionsifo for the convenient storing and sale
OF sugar aid molasses,
Aar. 3. The Capital Stock Of the said
corporati7 RI shall CONSIST OF five thousand
shares, Of fifty dollars each. But this corpo-
ration shall il 90 into ope!ariou when three
thousand shares shall have been subscribed.
ART. / The Canital Stock shall BE- pax
upon the hall or demand OF the Board ofni~
~rectors but bot more than twenty per cent,
shall be chilled in at anyone time, ror within
any one Ihriod OF sixty days
ART. i The business Of SAID corporation
shall be damaged by a Board, consisting Of
six Dlrec4 ass,, svho sha] be stockholders who
shall e'eeEtana cf their own body as Presi-
dent. Wild fsl1aIl receive such compensation
Tor bis settices asthe Board may deem prop
er, not Exceeding the sum Of one THOUSAND
Jo'iars. And said Trezident and Directors
shall h)!dS their office urtii their successors
.skaII hayst been elected, and have entered
sespan thelf Eotficlatdut!es::
.AssRT. g. At all ELECTIONS, each share Of
starrkI aaI eutltie the owner thereof 10 ore
EI1I 3.59 -. ii H. -#&-,nx ~ -. .,ax-, t-+ 49,.
stock sEtaA he7 voted on unless owned in good
faith, at.'fast sixty days proceeding The time
Of the eseEtion
ART. n When three tt4ou&aI1d shares of
the Capittl Stock shall have bren Subscribed
ar ~eIectton shall be 8he'd by S. 0.Nel4on, NJ.
Q. II. NnFtun, J D. Denegre, r.: \. .Biau4
Logan As4knighT>n 81 any three Of them Hho
shall act b commissioners for that purpose.
and who quail give twenty DAYS notice I2onc
OF more of the city papers Of said election
before hnf3irs It. All subsequent eIectioHs
shall be HELD BY three Commissioners. ~ b. TO
n&aII be Stockboliefs, hut not Directory to
be appointed by the S4jiFectors, ard shall be
held on the third Monday Of January, il.
aud Every year; at#which ~eIfsti7n q u.sss-
iurit. Of The subscribed stock must BE- epre-
ed 70 e'ec:A; but If A majority Of the sub
ser ped stock should not be represented then
and in that case. atorher shall slaz1ss I'll 4tllII on the
Monday stplio Hing4zqt which atV. nun Der at
shares TIL ay resent aail constitute do eIes-
3fEs4 =
An7.#fz In TIE event, from any cause, The
election should not be held at the tine here
I%nbeforci provided, then. aud in that case, il
may &c held at any Subsequent time. aiteI
thirty days public notice III one q,
more OF thu newspapers published III the city
Of New Orieans. -
ART. g. A5n7eating of the stockholders
shalib held Annually, on the Saturday pre-
fhe taird Monday Of January, at
maeting it shall be the duty OF the
President and Secretary to make Il full and
.orn 1lete- statements OF the affairs Of the cor
1~oyation, under oath. Il
Art. 10. It shall be the dutYof tie prezi-
lent 70 call a meeting Of the stock holae7s al]
tame: upon the.wrrtten requiSition II anF
Of stcc kho'dnrS. oWn!ng. or raure-
by proxy. not less than one-nEtn G.
be. subscribed Capital Stock Of this corpor-
and the President and Secretary, il
POURED SO to DO. shall make a raJTort@of the
oi the affairs Of the corporation under
'atll, TO such meeting,
ArT.1l The Directors she'll electa See !
etary, who shal also act as T1easurer. vh. |
hail give bond With approved secnrity. :ot
be .a'thIul performance Of his41ut1es; AMI
hail receive such onpensation#Ior bis SCR |
ices as tie boaTd. may from time TO time |
TX. and may b. removed al their p!easuia.~ |
hey shall also appoint* other officers, anti, j
such other iaborers as fIom tiuue t1F
.mee they may think proper, und remove |
hem at their PLEASURE ,,
Art l2-% Dividends shall be made on the
rstNondaY Of Septat II be-, in each ard every !,
ear, from the nett profits realized from the
usITsess Of the proceeding year.
ART. -. ANY two Directors. together
18th the President, shall lorn a quorum fol
1e transaction of business. and in case Of the
,serce OF the President, the DIRECTORS, being
less than three present. shall appoint one
their number President pro tim.
ART. Il. The said corporation shall have
e right to MAKE and use a COMMON seal. to
!e and be sued; to purchase, hold, lease. and
real or personal estate: and all eta
3ps upon The President shall be good and
agalb5t the corporation.
ART. IS The shares in his corporation
all be regarded as personal esta e, and shall {
transferable only On a book kept for that
'rpose by The said corporation, which shall .
be a md remain in the Possession Of the .
esident. and by the surrender of the ccrti-
ate Of stock and 40 stakeholder shall be t
ligeo to pay, Or be responsible beyond the "
oount of his subscription. He shall! be
liged to ray up the amount of his whole
bscEIptiot at such time and in such a nran-
r as the President and Directors may order.
herelnbelore provided and if any stock
shall thus fail 10 pay, for Thirty DAYS
:e' demast I'D, they may forfeit his stock, aud
| IL again. for the benefit Of the corrora-
II: and when any stoekholder shall have
i'd mp hisI stock in full, he shall be entitled
a certitlcate for the sane, signed by the
eslI@nt. and GunninrsinuGL In TIA &anra !.