The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-04-20
CHARTER
THE LAFOURcHE SUGAR
REFINING COMPANY.
LIMITED -
United States of America-State of
Louisiana-City Of New Orleans
Parish of Orleans.

BE IT KNOWN, That on the eighth day OF
April, in the year of our Lord eighteen hun
dred and eighty nine,
BEFORE ME, JOSEPH NUMA AUGUSTIN.
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 Sevprally declared
THAT availing themselves of the provisions
OF an act OF the Legislature Of this State,
known as Act No. IS, OF the Session of 1888, as
well as those OF the general laws of this State
relative to the organization of corporations
for manufacturing purposes and works 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 oblixates them
selves, as well as all such persons who may
hereafter become. associated with themAs to
form a body corporate in law, fQf,tha objects
and purpose and under the stipOlatiOns and
conditions following, to- wit: -A.s
ARTICLE FIRST.
The name and title OF this corporation shall
be the LAFOURCHE SUGAR s.REFTNiNG
COMPANY. (LIMITED), and it's domicile ia
hereby declared to be in the Parish Of La.
fOurche, in 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
purpose OF manufacturing it into sugar the
contracting for the evaporation of cane.tuice
or syrup from cane-tuice, in order to manu-.
facture it into sugar and generally to do All
things necessary or incidental to the carry.
ing on of i central sugar house.
ARTICLE THIRD.
The Capital stock of said corporation ia
hereby declared to be the sum Of fftv-four
thousand dollars, ($54,00O) divided into one
hundred and eight (10S) shares, of Five Hun
dred Dollars each $500, which shares, it is
understood. shall be paid when called for by
the Board OF Directors no more thar forty
(40) per cent Of the subscription to be called
for within ninety (9o) days from the date Of
pay his subscription after due call nv the
Board. OF Directors, the said Directors shall
have the right, at their option, either to sell
AZ they may deem best, after thirty (3O) days'
written notice to the d~efaulting shareholdcr
or to declare the same forfeited to the corpo.
ration, IN which event, all sums paid in upon
shall the stock also. The COMPANY then to
have the power to dispose OF said stock M
forfeited. for its own benefit. This Associa.
ton to business as soOn as the one
hundred and eight (l06) shares Of the capital
stock above provided for. shall have been
ration may be increased to an 8monnt mt
exceeding seventy five thousand dollar fs;s
000) in addition to the foregoing amount Int
no such increase shall be made without the
unanimous consent of the stockhOlders- Tho
Board Of Directors shall have the mover Ho
call, before the expiration OF ninety f9ol davs
hereinaboye stipulated, the balance due On
the subscription OF the stock. but in case OF
such call, the ~stockhOldcr shall have the ri1ht
to respond to the same by furnishing his nro.
missOry note to the order of the for
the balance due on his subscription. said
note to be due in eight (6) months from date.
provided said eight months do not carry fhr
maturity of the note later thar the frsf dav
OF February, eighteen hundred and ninety.
shall issue to the subscriber, as fully maid
stock, but the same shall remain in The handa
OF the corporation to secure the payment Of
the note.
ARTICLE FOURTH.
The business AFFAIRS OF said Corporation.
shall be generally administered BY q Board
OF five (5) Directors. Said Board to be electasi
annually on the first Monday in March NJ each
year, after the expiration OF the terms of Of
nee hereinafter named. A failure to elect
however, from any cause, shall not work n
forfeiture of the Charter, but a second elec.
tion shall be called, and the old Board hal
continue in Oftice until the next election A
plurality, OF the votes cast shall be sufacient
to elect the Board. The BOARD of Directors
shall have the power to I'LL all vacancies oc.
elect from their body, a President. a Secreta.
ry and Treasurer, and the said Directors
and ofiicers shall hold their office until their
successors are duly elected and oualifed. A.
all elections, each share of stock shah ha on.
titled to one vote, to be cast in person or nv
proxy, and all elections shall be BY ballot.
Board of Directors shall consist Of the fni,om7
ing named persons J. b. LEvERT. LEON.
DAS TROSCLAIR, EUGENE
t hai a,nc Mo Ky and Z. d: WHITE and
the oMcers OF said Corporation, during the
term o! said hoard aforesaid, shallabe as fol.
lows =. D. WHITE, President. EJIGENE M.
Secretary, and j. B. LEVERT.
Urea surer.