The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-04-13

THE LAFOURcHE SUGAR
REFINING COMPANY.
United States of 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
dred and eighty-nine, ,r
a 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 availing themselves OF the provisions
of an act of the Legislature of this State,
known as Act No. SO, of the Session of 1888. as
well as those of the general laws of this State
for manufacturing purposes and works of
public Improvement and being DESTROYS of
acquiring and enjoying the rights, privileges
n in la p1w tbsS OF h a Doa arr eefpo and do anb bv p thsse
presents agree and bind and obligate them
selves, as well as all such persons who may
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
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 carrying
on Of the business of refining sugar.; the
mA001dcCurC OF sugar from syrup OF zane
juice: the purchase of cane or syrup for the
| purpose of manufacturing it into sugar 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
hereby declared to be the sum of fifty-four
thousand dollars, 1854, OOO) divided into one
hnn6rad and QjUhf {1GSA shares Of Five Hun
dred Dollars each ($5o0), which shares, it is
understood, shall be paid when called for by
(4O) per cent of the subscription to be called
for within ninety (90) 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 (3o.) days
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, as
nave the power to dispose of said stock so
forfeited, for its own benefit. This ASSocia-
tion to business as soon as the one
hundred and eight (10S) shares of the capital
stock above provided for. shall have been
subscribed. The capital stock of this corpo-
ration may be increased to an amount not
exceeding seventy five thousand dollars ($75,-
OO0) in addition to the foregoing amount, but
no such increase shall be made without the
unanimous consent or the StOcknOlQerS. Ine
Board of Directors shall have the power to
call, before the expiration of ninety 600 days
hereinabove stipulated, the balance due on
the subscription Of the stock, but in case OF
such call, the stakeholder shall have the right
to respond to the same by furnishing his pro
missory note to the order OF the Company. fol
the balance due on his subscription. Said
note to be due in eight (8) 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 payment o.
the note.
ARTICLE FOURTH.
The business affairs of said Corporation
shall be generally administered by q Board
Of five (5tDirectOrs. Said Board to be electet
annually on the first Monday in March of eacl
year, after the expiration of the terms of of
dee hereinafter named. A failure to elect
however, from any cause, shall not work {
forfeiture of the Charter, but q second cleo,
ton shall be. called. and the old Board shall
continue in Office until the next election. 4
plurality of the votes cast shall be sufficicn
to elect the Board. h Board of Directors
shall have the power to I'LL all vacancies &C
curing In their number The Directors shall
elect from their body, a President. a Secreta
~ and q Treasurer, and the said Director
and officers shall hOld their office until thei
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 b!
LDrOxy, and all elections shall be by ballot
ntii the first Monday in March 1892, tn
Picard of Directors shall consist of the follow
tuv named nersOna j. Il. EVE E0N