Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-02-27

* Of an act Of the Legislature ri this State,
entitled An act for the organization OF cor
,oratlops for works OF public improvements
and u%tillty.7 mo. 1917 Approved March
l4th. 1868 To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
Apr. /. The corporated name of the as
ISOLATION TO be the ''LOUlSIANA SUGAR
NART.n and to have its do1Iiiclle 10 the
city Of New Orleans.
Anr.2. The object Of the association is
t,irecled especially to the lease Or purchase
Of ii lot at ground, a Il the erection thereon
of suitable sheds. or warehouses and plat
/ forms. railways, wharves. buildings. and con-
strpctions for the convenient storing and sale
Of sugar aud molasses.
ART. ). The Capital Stock Of the said
corporation shall consist Of five Thousand
shares, OF fifty dollars each. But this eorio-
ration shall 20 into operation when three
| thousand shares shall have been subscribed.
Anr. 4. The Capital Stock shaIIsbe paid
npou the cali or demand OF the Board Of d.
rectors tut nol more than twenty per cent.
shall be called II, al any one time, nor within
any one period Of sixty days.
ART. 5. The business Of said corporation
| shall be ma mayed by a Board. consisting OF
! six Directors, who shall be stockholders. who
| shall elect one Of their owu body as PfeSi-
| ,!ent. who shall receive such compensation
for his services DIS the Board may deem prop
e.. not exceeding the sun, OF one Thousand
| do,lars. And said President and Directors
shall ,ld their office until their successor
shall have been ~t!rcted, and have entered
upon their official duties.
Arr r i ali nfan3tnpr t3nb charm ri
stock shall cntItie the owner thereof TO one
vote. and be may VOTE by proxy, but no
>tork shall be voted on unless owned in good
faith, at least sixty days proceeding the time
OF the election
ART. 7. When three thousand shares Ct
the Capita! Stock shall have been. Subscribed.
an election shall be held BY S. O. Neison. NJ
.. II. Norton, i D. Dcnegre, ]. A. Baud
Logan knight, or any three of then, wbp
shall act ~ commissioners for that purpose.
and who shall give twenty DAYS notice i ] one |
or more of the city pA,,ets Of said election
before holding it. All subsequent elec'ton-
shall be held by three Commissioners, tws.o
nsati be Stockholders, but not DIrect,rs.l to
be appointed by the Directors. and shall be
held on the third Monday of January, In
each and every year; at which eIectiona ma
loritv Of the subscribed stock must be repre-
sented to elect. but If a majority Of the sub |
scr ped stock should not be represented. then !
and in that case. another shall be held on the
Monday following, at which any l.u,nber Of
shares re presented shall constitute an cleo
tio1..
ARTS In the event. from any cause. the |
election should not he held at the time here
1nbetorc provided, then, and in that case. it
may be held at any subsequent time, after
giving thirty DAYS pubic notice in ore or
m re OF the newspapers published III the city
OF Ne" Orleans.
ART. 8. A meeting Of the stockholders
shall! be held Annually, on the Saturday pre-
ceedjng the third MouAey OF January, at
which meeting it shall be the duty III the
President and Secretary 10 make d full and
complete siatrinens OF the affairs Of the cor
p]oratlon, under oath.
ART. Ia. 1t shall be the dutyeoi the Fresi-
dent to cal a n'eetins Of the STOCK holders at
any time, upon the written reQnjsition ui aty
number oI Stockholders. owning, OF reg,se-
by proxy. not less than ~one~fiEla OF
subscribed Capital Stock OF this corpor-
alton; atd the President ard Secretary, il
SD to do. shall! make q report o. the
state Of the affairs Of the corporation Under
oath: to such meeting.
Art. II The Directors shell! elect a Sec
retaty. who shall also act as Treasurer, who
shall give bond with approved securitv. for
me ,aith'nl Performance o! his duties; and
snail receive such compensation for his SER
ices as the Board may from time to time
Tx: and may be removed at their pleasuIe.-
/! hey shall also appoint other officers. and
employ such other ~Iaborers as from tirz.a. to
they may think proper, uud remove =
hem at their pleasure.
ART. Il. Dividends shall be made on the
lrst Monday Of septemher,i 10 each and every :
ear, from the nett profits realized from the
business of the preceding year. !
ART. Is. Any two Directors. together
flsh The President. shall form a quorum fcr |,
ne transaction Of business, and in case of the
hsence otthe President the Directors, being Il
less tban three present, shalt appoint enc
I t51!r number President pro ten. !,
ART. IA. The said corporation shall have
ne right to MAKE and use a common seal. 10 :
ue and be sued to purchase, hold, lease. ard ~
real Or personal estate. and all cita-
ions npen the President shall be- good and
aid against the corporation.
AHr. -. The shares in this corporation !
hal! be regarded as personal eStase, aud shall t1
e transferable only on Il hook kent for that "
nrpose by the said corporation, which shall! a.
ways be aud reniain ilAtt1e possession Of The III
and blythe surrender Of the certj-
cate Of stock; and no stakeholder shall be Ia
bE'ged TO pay, or be responsible be youe the 81
mount of his subscription. He shat! be or
oi1sed to pay nF,the amount of his whole co
description at such time and in such a man
er as The President aud Directors may order, ys =
here1nhtioye provided and if auy stock :"
p'der shall thus fail to pay. for thirty dass :"
ter demand. they may forfeit his stock, and sg
~ It again for the benefit Of the corpora ut
on a'd when any stakeholder shall have
ala up MS stock III full, he shall be entitled -
a certificate for the same. signed hv fhe