Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-04-17

sona]iy came and appeared the persofsznere-
undetermined and undersigned, who seyerall,Y
declare. that they do by these presents torn
themselves into a corporation, under atifhori-
t. Of an act OF the Legislature Of this State,
entitled al act for the organization of cor
porations for works of public improvements
and utility" NO: 1872 Approved March
18th, 1855. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION:
ART. l.. The rorporhted name Of the as
ISOLATION to be tie LOUISIANA SUGAR
MART,n and to have its. d~otn!cile in the
city Of New Orleans.
ARE. ?. The objected the association is
! directed especia}iY to the lease or purchase
OF a Let OF ground, aid the erection thereon
| Of suitable sheds, or warehouses and plat
| foruls. railways, wharves, buildings, and con-
strIctions for the convenient storing and sale
Of sugar and mo!asses.
AFT. 3. The Capitai steck Of the said
| corporation shall consist of five thousand
| shares, OF fifty dollars each. Butthis eorpo-.
| ration shalt 40 into operation when tnree
| thousand sharesshall have been subscribed
ART. 4. The Capital Stock shall be paid
| upon the call or demand of the Board OF Di-
! ~rectors; but NOT more than twenty per cent,
shall be called in al any one time, nor within
any one period OF sixty days.
ART. 5. The business Of said corporation
shall be managed by Il Board, consisting Of
six Directors. who shall be stockholders, who
shall elect one Of their w body as presi-
dent, who shall receive such compensation
for his services as the Board may deem prop
CT, not exceeding the sum Of one thousand
dollars. And said PRESIDENT aud Directors
shall h,ld their Office until their successors
shall have been elected, and have entered
upon their official duties.
ART. G. At all elections, each share of
stock shall entitie the owner thereof to one
vote. and he may vote by proxy, but no
stock shall be voted on unless owned lit good
faith, at least sixty days proceeding the time
Of the election.
ART. T.. When three thousand shares of
the Capital Stock shall nave been subscribed,
an election shall be held by s. O.. Nelson, M
Q. II. Norton, ]. D. Denegre, j. A. B'aud
Logan Mcknight or any three Of them who
shall act as commissioners for that purpose,
and who Shall give twenty days notice Ia one |
or more oil the city papers Of said election
before holding it. All subsequent elections
shall be E4=|d by three Commissioners, (who
hsail be stockholders, but not Directors.j to |
be appoinf ed by the Directors, and shall be
held Oh The third Monday Of January. in |
each and EveEy year; at which election a ma
|ority Of (he subscribed stock mast be repre-
sen,ed to ~seEect, but If a ma josity Of the sub
serioed stock should not be represented, then
and in th4t case, another shall be held Oh the |
Monday following, at which any number of
shares r. Iresented shall constitute an cleo
ton.
ART, 9 In the event, from any cause, the !
election should not be held at the time here !
inbefurc provided. then. aud in that case. it !
may De held at any subsequent time, after
giving thirty days public notice in ore or |
more of tue re wspapers published IN the city
Of Ncw Orleans.
ART 8. A meeting Of the Stockholders
shall be held annually. on the Saturday pre-
eeeding the third Monday of January, ut
which meeting it shalt be the duty ri the
President aud Secretary 10 tnake#a full aud
com pfete stste,nens Of the Affairs Of the cor
I'e~tation, under oath.
ART. 10. It shall be the duty Of the presi-
dent to call a meeting OF the stockholders at
any time. upon the written requisition ofany
euinber Of stockholders, owning, or repre-
by proxy. not less than one-fIth of
the subscribed CanitaI STOCK af this corner
at'a itC 1ESEitEist GttI SHEfptdTF. II
SO to do. shall make a report OF the
state of the affairs of the corporation under5
oath, to such meeting.
ART. IL The Directors she'll elect a Sec
who shall also act as reasurer, who
shall give bond with approved security, for
he faithful performance of his duties. and
shall receive such compensation for his ser
vices as the Board may from time to time
~ and = U ha a5 ~ Thai. ~1or-,~.
shall also appoint other officers. and
such other Iaborers as from time to
inc. they may think proper, und remove q
hem at their pleasure. ~
ART H. Dividends shall be made on the
'rst Monday Of September, in each and every !
ear from the nett profits realized from the ;
of the preceding year. 4
Art. IS. ANY two Directors, together
Win the PRESIDENT, shall form a quorum for il
he transaction of business, and in case of the 4
bserlee @ THE President, the Directors, being \
OF less than three present. shall appoint one9
+ their number. President pro ten. F
ART, a. The said corporation shall have \
he right to make and use Il common seal. to p
lie and be sued; to purchase, hold, lease, and b
on9ey real or personal estate, and all eta L
upon the President shall be good and
aid against the corporation.
ART. Is, The shares in his corporation r
hall be regarded as personal esta e, and shall ]
e transferable only on a hook kept for that t
urpose by the said corporation, which shall ),
ways be and remain in tie possessionso of the q
resident, and by the surrender Of the certi~ ei
stock; ard no stockholder shall be. !,
bliged to pay or be responsible beyond the o,
mount OF his subscription. He shall be CT
bfiyed 10 nav IN the amount nf h;e ,rI,l, o,
description at such time and in such a man &C
as the President and Director may order ~
hereinbeiofe provided and if any stock Of
older shall thus fail to pay for thirty DAYS q
ter demand, they may forfeit his stock. and :"
It aaain for the benefit Of the cornera- aff