Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-08-07
~ CONSTITUTION OF THE
LOUISIANA SUGAR MART
STATE OF LOUISIANA. !

i fpr the rarE sh oil New Orleans. State Of Lou
I isisna, duIJ commissioned anu qualified, ner
soa4liy CAME and appeared, the persons here
matter nanIea and nldersig ned, who s~aTerall'
declare TIL they do by these presents form
thl4Enseive5 into d corporation, under authorl
! u Of an act Of the Legislature this State
| entitled IAN act for the organization Of cor
porations tfr works ct public improvement:
and UTILITY" INC. 1917 approved Narc}
14tt, 1851 To which end they make ana
agree to The following
AsEITT4zCCL ELS OF ASSOCIATION:
ART. H. The eorporated name of the as
soc3atinn tip he the LOUISIANA SUGtH
MART'1' pnd to have its dou,ici!e in thu
Lefty Of New Orleans,
ART. 2. Iie object CT the, association is
directed ESPECIALLY to the lease. or purchase
Of It lot oi|ground, a Id the erection thereon
OF suitable sheds, Or warehouses and plat
forms. railways, wharves, buildings, and con-
| StrtlcIloGs Tor the convenient storing aud sale
Of sugar and motasses.
Arr. 3 The Capital Stock of the said
corporation shall consist Of FIVE thousand
! shares, OF fifty dollars each. But this corpo~
latinn shall 20 into operation when ttree
| Thousand shares shall have been subscribed
ART A. The CAPITAL Stock shall be paid
| upon the hall or demand Of the Beard Of Di-
%rectors; ttt not mare than twenty per cent,
shall be called iii at any one time, nor within
any one ptriod OF sixty days,
ART. S. The business Of said corporation
shall be RI afaged by 4 Board. consisting OF
six Directors. who shall be stockholders, who
shall eJech one Of their own body as PreSi~
dent. Wtl4 shall receive such compensation
ior bis services asthe Board may deem prop
or, not exceeding the suna Of one thousand
dollars. And said Irasiient and Directors
shall h ,la their office until their successors
shall have been elected, and have entered
upon them official duties.
ART, s. At alt elections. each share of
stock shall entitle The ow.er thereof to one
vote. and he may vote by proxy, but no
stock shall be voted Oh unless owned in good
faith, at Least sixty days proceeding the time
Of the election.
Art. 7. When three thousand shares Of
the Capital StucE shall have been subscribed,
an election shall be held BY S. Q. Nelson, NJ.
@. II. Norton, !. D. Denegre, J. 4. Brand
Logan Ncknight,o or any three OF them who
shall act az: commissioners for that purpose.
and who snail give twentyd days notice ia one
Or more Of the city papers OF said election
before holding It. All subsequent elections
shall be held by three Commissioners (who
HSH Az |t@- u iStE bltCIttfi%.i 10
be appointed by the Directors. and shall be
held on the third Monday Of January, in
each and EVERY year; at which election q ma
iority OF THE subscribed stock must be repre-
sensed I'd elect, but if a majority Of the sub
scr,oed stock shoui} not be represented, then
and in that case, another shall be held OIL the
Monday intto wing, at which any number OF
shares represented shall constitute ar eIee-
ton.
ART. s In the event, from any cause, the
election: sh@uid not be held at the tin1e here
inhe1orc, provided, then, and in that case, it
may De held at any subsequent time, after
giving thirty days public notice in one OF
more OF the newspapers published III the city
Of New, OsIeaas.
ART. IS. 4 meeting Of the stockholders
shall he held annually, OIL the Saturday pre-
e%eeding' the third Monday Of January. at
which tnatEing it shall be the duty OF the
President aud Secretary to make Il full aud
statements Of the affairs Of the cor
noratiot, .muer oath.
Art. TO- Itstall be the duty of the pres;- /!
dent TO Gall a meeting Of the stockholders at
any tirne upon the written reuuisition ofaiy !
ontIlber Of stockholders, owning, or repre-
by proxy. rot less than one-fftu Of
the subs cribed Capital Stock Of this corpor-
alton: ard the President and Secretary. iii
fpquifed SO To dc, shall make a report Of the |
stale Of the affairs Of the corporation under .
oath, to such meeting.
ART. II The Directors shell elect q Sec |
who shall also act as Treasurer. who |
shall give bond with approved security, for
tue faithful performance Of his duties: and
Shalt receive such compensation for his sar~
vices as the Board rnay from time 10 time
~ and frnyt ta %raYS9sx.1 ~ +L1tr ,ln. |!
They sba'fatso appoint other officers, and
such other laboreFs as FIONA tine TO
lime, they may think proper, u1d remove
hem at their pleasure.
ARE 10. Dividends shall be made on the
1rst Monday Ct September. in each and every
from the nett profits realized from the
BUSINESS at the preceding year. s*.
ART. l3.I Any two Directors. toaether
With the President, shall form a quorum for
he Transaction Of business, and in case of the
1hsence anttae Presidenf, the Directors, being
lot less than three present, shall appoint one
If their number President pro ten.
ART. a.. The said corporation shall have
he right t.. make AMI use a common seal, to |
lie and be sued: to purchase, hold, lease. and
onVeV real OF personal estate. and all cjta-
ions upon the President. shall be good and
aid against the corporation.
ART, Is. The shares in bis corporation
be regarded as personal estate and shall
e transferable only on a book kept for that
by the said corporation, which shall
ways be and remain in the possession Of the
Fesld eEatz and by the. surrender of the certi-
cate OF stock: and TO stakeholder shall, be
hiiged to pay, OF be responsible beyond the
mount Of his subscription. He shall be
os'ged to pay up the amount Of his whole
ut sach time and in such man
sr as me President and Directions may order,
neTetnoefore provided and if any stock
oiaer snail thtis lali to pay, for thirty days
it again tor the benef. of the CORPORA
on and when any stakeholder shall have Il
lid up his stock in full, he shall be entitled ?
a certificate for the same. signed l,v the Ct