Sugar planter. [volume] (West Baton Rouge [i.e. Port Allen, West Baton Rouge Parish, La.]) 1856-1925, 1858-01-30

lslana, duly commissioned ana qualIt!eG, PER
| s%onaIly came and appeared. the persons here
! matter named and undersigned, who severa|ly
declare, that they do by these presents form
themselves into Il corporation. under autilorl'
ty of an act Of the Legislature Of this State
entitled "A act for the organization Of cor"
porations for works OF public Improvements
and. utility" NO. 1917 Approved March
l4th. 1885. To which end they make and
agree to the following
ARTICLES OF ASSOCIATION
ART. /. The corporated name Of the as
/ ISOLATION to be the 'LOUISlANA SUGAR
MART" and to have its d~otniciIe in 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. id the erection thereon
of suitable sheds, or warehouses and plat
forms. railways, wharVes, buildings. and con-
strnctions for the convenient storing and sale
OF sugar and molasses.
Asr. 3. The Capital Stock OF the said
CORPORATION shall consist OF five THOUSAND
shares, OF fifty dollars each. But this corpo-
ration shall 60 into operation when three
thousand shares shall have been subscribed.
ART. a. The CaDital Stock shall be paid
upon the cali I'll uEtIditU II tttG DtatA VI :"
~rectors but 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 managed by a Board. consisting OF
six Directors, who shall be tockholLers. who
shall elect ole of their own body as presl-
dent, who shall receive such compensation
for his services as the Board may deem prop
er. not exceeding the sum Of one thousand
dollars. And said PRESIDENT and Directors
shall hold their Office until their SUCCESSORS
shall have been elected, and have entered
upon their official duties.
ART. 6. At all elections, each share Of
stock shall entitle the owner thereof to one
vote. and he may vote by proxy, bat no
stock shall 5e voted on unless owned ID good
faith, at least sixty days proceeding the time
of the election.
ART. T. When three thousand shares 0
the Capital Stock shall have been subscribed
an election shall be held by S. 0. Nelson. NJ.
o. H. Norton, J. D.. Dcnegre, J. A. Baud,
Logan Mcknight, or any three Of them who
shall act as commissioners for that purpose,
and who shall give twenty days notice in one
or more Of the city papers Of said election
before holding it. All subsequent elections
shall be held by three Commissioners, lwho
hsaIl be Stockholders, but not D!rectors} to
be appointed by the Directors, and shall be
held on the third Monday Of January, in
each and every year; at which election 4 ma
joritv Of the subscribed stock must be repre-
ensed to elect, but if a majority Of the sub
stock should not be represented, then
and in that case. another shall be held on the
following, at which any number OF
shares represented shall constitute an elec-
ton.
AgT.S In the event, from any cause, the
election should not be held at the time here
lnbetorc provided, then. and in that case, it
may be held at any subsequent time. after
thirty days public notice in one or
more OF the newspapers published III the city
Of New Orleans.
ART. Q. A meeting of the stockholders
shall be held annually. on the Saturday pre-
c eeding the third Monday OF January, at
which meeting it shall be the duty Of the
and Secretary 10 make a full and
complete statements OF the affairs of the cor
T%oration, under oath.
ART. 10. It shall be the duty of the presi-
lent to cali a meeting Of the Stockholders at
my time, upon the written requ!sition olany
number Of Stockholders. owning. or yepre-
by proxy. not less than one-ffth of
he subscribed Capital Stock OF this coTpor- |
aud the President and Secretary. if
POURED SO to TO. shall make a report OF the |
tate of the affairs of the corporation under
oath, to such meeting.
Act. II. The Directors shell elect a Sec
'etary, who shall also act as Treasurer. who |
hall give bond with approved security, for
ra tlffhfyt 1rarf,ry,,au., re Et. 4 S,-. ..j /
hall receive such compensation for his ser |
as the Board may from time to time
TX, and may be removed at their Measure
They shall also appoint other officers, and
such other Iaborers as from time to
ime. they may think proper, und remove
hem at their pleasure.
AIT. -. Dividends shall be made on the
lrst Monday of September, in each and every
ear, from the nett profits realized from the
of the proceeding year.
ART. ID. ANY two Directors. together
With the President, shall form a quorum for
he transaction Of business, and in case of the
bsence ofthe President, the Directors, being
ot less than three present, shall appoint one
f their number President pro TEN.
ART. II. The said corporation shall have
he right to make and use a common seal. to |
lie and be sued; to purchase, hold, lease. and
onvey real Or personal estate, and all eta
ions upon the President shall be good and
aid against the corporation.
ART. IS. The shares in this corporation
be regarded as personal estate, and shall
transferable only on a hook kept for that
by the said corporation, which shall
ways be and remain in the possession Of the
resident, and by the surrender Of the certi-
cate OF stock; and no stakeholder shall be
bliged to pay, Or be responsible beyond the
mount of his subscription. He shall be
bljged to pay up the amount of his whole
Inscription at such time and in such a man
er as the President and Directors may order, :
; hcreinbetore provided and if any stock
Older shall thus fail to pay, for thirty days J