The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-05-04
CHARTER
THE LAFOURcHE SUGAR
REFINING COMPANY.
fLIMITEDj
United States If America-State Of
Louisiana-City of New Orleans
Parish Of Orleans.


BE 1T KNOWN, That on the eighth day Of
April, in the year Of our Lord eighteen hun
BEFORE ME-, JOSEPH EUMA ACGUSTIN,
q Notary Public in and for the Parish OF Or
leans, State of Louisiana, duly commissioned
and qualified, and in the presence Of the wit
nesses hereinafter named and undersigned.
personally came and appeared the several
persons whose names are hereunto subscrib.
ed, who severally declared
THAT Awaiting themselves afthe provisions
OF an act OF the Legislature Of this State,
known AS Act No. IS, Of the Session Of 1888, az
well AZ those OF the general laws OF this State
relative to the organization of corporations
Tor manufacturing purpose and works OF
public Improvement, and being DESTROYS OF
acquiring and enjoying the rights, privileges
and powers OF a body corporate and polite
in law, they have agreed and do by these
presents agree and bind and obligate them
selves, as we'll AS all such persons who may
hereafter become associated with them, to
form Il body corporate in law, for the objects
and purposes and under the stipulations and
conditions following, to-wit
ARTICLE FIRST.
The name and title OF this corporation shall
be the LAFOURCHE SUGAR REFINING
COMPANY, {LIMITEDl, and it's domicile is
hereby declared to be in the Parish of La.
fourche, i'll this State.
ARTICLE SECOND.
The objects and purposes of said CORPORA.
ton are hereby declared to be the carving
on of the business OF refining sugar.; the
manufacture OF sugar from syrup or cane
Juice; the purchase OF cane or syrup for the
Contracting for the evaporation of cane juice
or syrup from cane juice, in order to manu-
facture it into sugar and generally to do all
things necessary or incidental to the carry<
ing on OF a central sugar-house.
ARTICLE THIRD.
The Capital Stock OF said CORPORATION is
thousand dollars. (s54,oOO) divided into one
hundred and eight {108) shares, of Five Hun
dred Dollars each t$S0O), which shares. it is
understood, shall be paid when called for by
the Board OF Directors no more than forty
(40) per cent of the subscription to be called
for within ninety 1907 days from the date Of
this act. On failure Of any stakeholder to
pay his subscription after due call by the
Board OF Directors, the said directors shall
have the right. at their option, either to sell
said share or shares at public or private sale,
as they may deem best, after thirty (30) days.
written notice to the defaulting shareholder
or to declare the same forfeited to the corpo-
ration. in which event. all sums paid in upon
said stock shall belong to the corporation, AZ
shall the stock also. The Company then to
have the power to dispose Of said stock SO
forfeited, for its wi benefit. This Associa.
ton to commence business as soon as the one
hundred and eight COSY shares of the capital
stock above provided for. shall have been
subscribed. The capital stock Of this corpo-
AnNloA may w IN = AL AUlOunL NOE
exceeding seventy five thousand dollars 1915
| O0O) in addition to the foregoing amount. but
no such increase shall be made without the
| unanimous consent of the stockholders. The
Board OF Directors shall have the power to
call, before the expiration OF ninety {9Ol DAYS
he~rcinabove stipulated. the balance due on
] such call, the s~tockholder shall have the right
! to respond to the same by furnishing his pro.
missOry note to the order OF the Company, for
! the balance due on his subscription. said
note to be due in eight {s) months from date.
! provided said eight months do not carry the
maturity OF the note later than the first day
OF February, eighteen hundred and ninety.
\ Upon the furnishing of said note, the stock
| shall issue to the subscriber, as fully paid
! stock, but the same shall remain in the hands
OF the corporation to secure the OF
! the note.
ARTICLE FOURTH.
Tho business affairs Of said CORPORATION
shall be generally administered by IL Board
OF i've (5) Directors. Said Board to be elected
annually on the first Monday in March of each
year, after the expiration OF the terms Of of.
flee hereinafter named. A failure to elect
however, from any cause, shall not work a
forfeiture OF the Charter, but a second cleo
ton shall be called, and the old Board shall
continue in office until the next election. A
plurality OF the votes cast shall be sufficient
to elect the Board. The Board OF Directors
shall have the power to I'LL all vacancies oc.
curing in their number. The Directors shall
elect from their body, Il President, a Secreta.
ry and = Treasurer, and the said Directors
ana of1cers shail hold their office until theil
successors are duly elected and qualified. A,
all elections, each share of stock shall be en-.
titled to one vote, to be cast in person or by
proxy and all elections shall be by ballot
Until the first Monday in March 1892, tn.
Board OF Directors shall consist of the follow
ing named persons J. B.. LEvERT, LEONI
DAS TROSCL.AIR, EUGENE ROBICHAUX
EMILE MORVANT and f. D.. WHITE ant
the officers Of said Corporation, during tn,
/ term OF said Board aforesaid, shall be as fol
lows Z. D. WHITE. President, EUGENE RO
! BICHAUX, Secretary, and J. b. LEVERT
Treasurer.
ARTICLE FIFTH.
The said corporation shall have the RICH