The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-05-18
CHARTER
THE LAFOURcHE SUGAR
REFINING COMPANY.
(LINITED.1
United States of America-Statc of
Louisiana-City Of New Orleans ,
Parish Of Orleans.

BET KNOWN. That on the eighth day OF
April, in the year OF our Lord eighteen hun.
drcd and eightv-nine,
BEFORE ME, JOSEPH SUMA AUGCsTIN.
a Notary Public in and for the Parish of Or
leans, state OF Louisiana, duly commissioned
ana qnalihed, 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 availing the,nsely es of the prov isiops
or an act OF the Legislature OF this State,
known as Act No. 36, OF the Session OF 1899. as
well as those OF the general laws of this State
relative to the organization OF corporations
for manufacturing purposes and works OF
pubiic Improvement, and being DESTROYS of
acquiring and enjoying the rights, privileges
ana powers OF IL body corporate and polite
IN law, they have agreed and do by these
presents agree and bind and Obligate them
selves, as well rs all such persons who may
hereafter become associated with them. to
FORM a body corporate in law, for the objects
ana purposes and under the stipulations and
conditions following. to-wit
ARTICLE FIRST.
TIL name and title Of this corporation shall
be the LAFoURCHE SUGAR REFINING
ulMITED}, and it's domicile il.
hereby declared to be in the Parish Of La
fourchc, 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 cant 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 i.
hereby declared to be the sum OF fifty-four
thousand dollars, ($54,0O0) divided into one
hundred and eight (l0S) 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 than forty
(4O) per cent OF the subscription to be called
Tor within ninety 1907 days from the date OF
this act. On failure OF any s~tOckholdpr to
pay his subscription after due call bv the
Board of Directors, the said Directors shall
have the right. at their option, either to sell
as they may deem best. after thirty (3O) days
written notice to the defaulting shareholder.
or TO declare the same forfeited to the corpo-
ration, in which event, all sums paid in unon
said stock shall belong to the corporation. ms
shall the stock also. The Company then to
have the power to dispose OF said stock so
forfeited. for its own benefit. This AsSOcia.
ton to commence business as soon as the one
hundred and eight {l0s) shares of the capital
stock above provided for. shall have been
subscribed. The capital stock OF this corno.
ration may be increased to an amount not
exceeding seventy five Thousand dollars SO.
00O) in addition to the foregoing amount. but
no sucn increase snail De made without the
unanimous consent of the stockholders. The
Board of Directors shall have the power to
call, before the expiration of ninety 1907 DAYS
hereinabove stipulated, the balance due on
the subscription OF the stock. but in case OF
such call, tho stakeholder shall have the right
to respond to the same by furnishing his nro-
missory note to the order OF the Company. for
the balance due on his subscription. said
note to be due in eight 49, months from date.
provided said eight months do not carry the
maturity OF the note later thar the first day
OF February, eighteen hundred and ninety.
Upon the furnishing of said note, the stock
shaii issue to the subscriber, as fully paid
stock. but the same shall remain in the hands
Of the corporation to secure the M OF
the note.
ApTTCy L. E0Y-DrII