Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-06-26
CONSTITUTION OF TEE
LOUISIANA SUGAR MART
STATE on 4,

. CITY ofzNEw sosIEA7s% s&#
= B. il kaowsn, that this day: before me, EI1;
.ry E..ros lneNAs, a Notary Public in aad
.far tie Parish Of New Orleans State oi Lot-
~isiaua. duly commissioned anduua}iHed, Fes-
soua1lv came and appeared, the persons here
matter nnufea and undersigned, whossVerat'y
| declare that they do by these presents form
themselves intn d corporation. under authori'
t. Of an act al the Legislature ct this State
! entitled An act for the organization ct cor
porations fer works of public lfnproTen!eh's
and atiI;ty.n mo. 1917 Approved March
l4th, 1865. To which end they make ana
asreG to the following
ARTICLES Or ASSOCIATION;
ART. t.. The corporatcd name Of the as
ISOLATION to be the "LOUISfANA SUGAR
| MART',H, and to have its doEtIcjle III the
city Of New Orleans.
ART. 2. The object Of the association is
| directed especially to the lease Or purchase
| of a lot Of ground. d nl the erection thereon
| Of suitable sheds, or warehouses; and plat
| forms. railways: wEarves, buildings, and con-
strictions fortlle convenient storing and sale
Of sugar and snotasses,
Arr. g. The Capital Stock Of The said
corporation shall consist Of five thousand
shares, OF fifty dollars each Bnt this corpo-
ration shall 20 into operation when three
thousand shares shall have beeh subscribed.
ART. d. The Canitai Stack shall be paid
upon the call or demand Of the Board Of Dt-
~rcctors hut not more than twenty per cent,
shall be called in at any one time, nor within
any one period Of sixty days.
ART. S. The business OF said corporation
shall Be mana ed b. q Board. consisting Of
six Directors. who shall be stockholders. who
hall elect one If their own body as PTesl-
dent, wlio shall receive. such compensation
for his services as the Board may deem prop
~. not exceeding The sum of one thousand
dollars. And said Ifesideut and Directors
shall bid their office uEtii their Successors
shall have been elected, and have entered
upon tf3eir. %otiieia! duties.
, ART. 6. At all elections, each share Of
stock shall ~e1tit}e the owner thereof to one
vote. and be may vote by proxy, but DO
stock shall be voted on unless owned in good
faith, at least sixty days preceding tle fine
of the election. q
ART. r. When three Thousand shares OF
the CanitaI Stock shall nave been subscribed,
an election shall be held by S. O. Nel<on, N.
0. Il. Norton, j. y. Denegre, J. A. Blaud
Logan Mcknight, or any three Of them who
shall act as commissioners for that purpose,
and Hho SHALL give twenty days hotiee in one
or more Of the city papers Of said election
before holding it, All subsequent elections
shall be held By three Commissioners, Ewko
hsail be Stockholders, but not DIrectors,1 to
lie apy5inted by the Directors, ard shall be
held M the third Monday, OF January, in
each and every year; at which election & ma
ioritv Of the subscribed stock must be repre-
ed to e!ect, but If L majority Of the sub
scr bed sleek should not be re presented, then
and in Fiat case, another shall be held on the
Monday lowing, at which any number Of
shares represented shall cetlstitssta al cleo
~. z
ARR Tr theeyent, from any cau>e> the
election -sboHId not be held at The tin1e here
in. befyre provided. then. and in that case. it
may DC held at any subsequent Lime, after
giving thirty days public notlee in one Of
more Of the newspapers published In the city
Of New Orleans.
AKT.59. n meeting Of the stock holder
shall be held annually, on the Saturday pre-
the third Mon&ay Of January, at
which naeating It shall be the duty OF the
President and Secretary to make Il fnit and
complete Statements Of the affairs Of The cor
n~oratson, under oath.
ART. 10 It shalfbe the duty Of The prcsi-
tent 10 cali a meeting Of the Stockholders at
my time, upon the written requisition Of aHy |
nf Stockholders, owning, Of repre-
by proxy. not Less than one-ffth Of
he subscribed Capital Stock Of this ~corE,cr- /
stion; dnd the President and Secretary, If
poured Sc to do. shall make a report Of the
re- Of tbs affairs OF the corporation under
,ath, to such meeting.
AtT.ll The Directors shell elect a Sec |
'etafy, who shall also act as Treasurer, who
;ha!l give bond with approved security, for |
he faithful performance Of his duties; and
hall ~recctse such compensation for his SER
as the Board may from time to time
TX, and may be removed at their pleasure !
hey shall also appoint other officers, and
such other iaboreEs IS fiorn tune to
iu1e, they may think proper. und remove
he N at their pleasure. i
ART. IL. Dividends shall BE- made on the !
Monday Of September. IN each and every |
ear, from the~nett profits realized from the!
OF the proceeding year.
AIR -. Any two Directors. together |
With the President, shall form a quorum for
transaction Of business, and in case of the
ofthe President, the Directors, being
tot less than three present, shall appoint one
f their number President pro len.
Arr, Il. The said corporation shall have
f!IiiG 10 make aLG use d common seal. to !
lie ard be sued to purchase, hold, lease. and
real or personal estate, and all eta
upon the President shall be good and
aid against the corporation.
Arr. Is. The shares in his corporation
aal' i,e regarded as personal estate, and shall
e transferable onty on a book kept for that
arFose by the said corporation, which shall
be and remain in the possession"o OF the
..-st h,+ ,~l ~ 49, u-.Ja r a.
cate Of stock; and no stakeholder shall be
70 pay, or be responsible beyond, the
Of his subscription. lie shall be
to pay up the amount Of his whole
lhscri Etion at such time and in such a man
ar as the President and Directors may order.
hereinbeInre provided and if any stock
shall thus fail to pay, for thirty days
Ter detlaad, they may iorfeit his stock. and
1! it again for the benefit of thn c1rnnra-