The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-04-27

THAT availing themselves Of the provisions
Or 1po An act Ct Of OF ne ne / kss 9, tss ss.s e. sh b. ,s State e:
Well as those OF the general laws of this State
relative to the organization of corporations
for manufacturing purposes 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
selves. as we'll AS all such persons who may
hereafter become associated with them, to
form q body corporate In law. for the objects
and purpose and under the stipulatfOns and
conditions following, tO-wit
ARTICLE FIRST.
be the LAFOURCHE SUGAR REFINiNG
COMPANY, (LIMITED), and its domicile is
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
manufacture OF sugar from syrup or cane
Juice; the purchase OF cane or syrup for the
purpose OF manufacturing it into sugar the
contracting Tor 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.
ARTICLE THIRD.
The Capital Stock OF said corporation is
4o4OOy 0VSA0lCu W NC GIIC SuI0 Oh HYLV sY0tF
thousand dollars. [$54,OOo) divided into one
hundred and eight ll06) shares. OF Five Hun.
dred Dollars zach $500. which shares, it is
understood, shall be paid when called for by
the Board Of Directors no more than FORTY
(AO) per cent Of the subscription to be called
for within ninety (so) days from the date Of
this act. On failure Of any stakeholder to
pay his subscription after due call bv the
Board of Directors, the said Directors shau
have the right. at their option, either to sell
SAID snare or shares at public or private sale.
as they may deem best. after thirty 1907 days
or to declare the same forfeited 10 the cOrno,
ration, In which event, all sums paid in UPON
said stock shall belong to the corporation as
shall the stock also. The Company then tO
have the power to dispose of said stock 40
forfeited. Tor its own benefit. This AssOcia-
hundred and eight (l06) 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 (S75.
000) in addition to the foregoing amount, but
unanimous consent Of the stockholders. The
Board OF Directors shall have the power TO
call. before the expiration of ninety (9O) DAYS
hereinabOve stipulated, the balance due on
the subscription of TIE stock, but in case of
such call. the stakeholder shall have the right
mfssOry note to the order Of the Company. for
the balance due on his subscription, Said
note to be due in eight (8) months from date.
provide said eight months d. 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
Il issue to the subscriber, as fully paid
stock, but the same shall remain in the hands
OF the corporation to secure the payment OF
the note.