The weekly Thibodaux sentinel and journal of the 8th Senatorial District. [volume] (Thibodaux, Lna. [i.e. La.]) 1875-1898, 1889-05-18

ri. suooruiHate omcer OF the Corporation
funds Of the Corporation anti the disbursine
agent thereof. He shall keep biz Office in the
city OF New Orleans. The secretary shall be
charged with keeping the books and records
OF the Corporation.
ARTICLE EIGHTH.
No s%tockhplder shall be Obliged to nav. or
DC responsible for any sum beyond the
amount of his subscription, and he sAa.! 81.
subject 70 no further call and shall, in no
way, ne liable for any OF the debts of the Cor
poration. All creditors must look to the cor
porate property for their demands nor shall
any mere ~lnformality in organization have
Int eject or rendering this Charter null or
exposing any stakeholder to any liability be-
Sond the amount of his subscription.
ARTICLE NINTH.
The revenues of this Corporation at tho end
OF each year, after the payment Of taxes, re-
pairs, debts. and sucn other needful outlay
OF reserve, as NAV b. deemed by the Board
necessary, shall be divided pro rata among
she s'9ckhoiders. This pro rata distribution
Snall, however, be subject to the following
exception The Board shall enter into a con-
tract with the incorporators herein named.
to-Wlt: with the planting firm of T~ROSCLAIR
h ROBICHACX: with the nlaotinw Arm ~
LrNERT MORVANr, and Il. }. WHITE, by
Nnlch SAID planting firns and said subscriber
aioTesald. snail become participants in the
profits OF the Corporation. upon the basis OF
syrup furnished by the said firm and sub
scribers for 2ranulation, SO that up to a given
extent. the SAID parties shall be participants
IN the profits on said syrup. The object of
this stipulation being to make the said mar
ties; up 20 a limited extent. mutual partici-
contract made by the Board OF Directors Is,
execute this latter provision with the parties
aforesaid, 20 be ratified by the unanimous
vote of the stockholders, and be binding upoD
the Corporation.
ARTICLE TENTH.
At ali meetings Of the stockholders. a ma
lorlty snail constitute a quorum.
ARTICLE ELEVENTH.
II snail not be lawful for any stakeholder
10 dispose q any share or shares OF the Capt.
"a! S!ock or this Corporation, without first
onering his shares or share to the said Cor
p,oration. and giving it the preference of pur-
cnas'ng the same at such price as NAV be-
oftered by any other party: and only i1pon
the refusal OF this Corporation to purchase,
the same. VIII the transfer OF such share or
fSnares ne authorized to be made upon the
DOCKS or TINS Corporation.
ARTICLE TWELFTH.
No transfer of stock OF any stockholder
shail De valid. as long AS he is indebted unto
the corporation; and the Corporation shall
nave a lien upon the stock OF each STOCKHOLM
er, Tor any debt due by him, or the Arm OF
which he Is a member No stock shall be-
transferred except upon the books OF the
anu no transfer shall be binding.
uniess entered upon the books OF the COrpo-
ration.
ARTICLE THIRTEENTH.
This Charter shall not be dissolved. altered
or amended. except by the unanimous CON
sent OF the stockholders.
ARTICLE FOURTEENTH.
whenever this Corporation is dissolved.
either by Limitation OF its Charter or from
any other cause, its affairs shall be liouidat-
~ ny three commissioners to be appointed
rom among the stockholders at a general
LaeetinR .thereof, convened, after ten (l01
Jays prior notice to the stockholders. bv
letter to their address, and by pubIjcat;on i,
one OF the newspapers published in Thibo-
uau1; IN the Parish OF Lafourche. The said
liquidating commissioners shall remain in
Office until their functions are fully discharn,
ca. me SAID liquidation shall not extend for
Il longer period than eight {S) months. Anv
vacancies in their number to be filled bv a
meeting OF the stockholders TO be called for
that purpose.
ARTICLE FIFTEENTH.
;n Inc oapital stock OF said Corporation here
The planting firm of LEvERT 4 NOR
XAST. thirty:six 1861 shares OF Five
Hundred Dollars ($5OO) each s,s oco
The planting firm OF TROSCLAIR & RO.'""
B!CHACx, thirty-six shares 1857 at
Five Hundred Dollars (s5oo) each $50 Ia
E; d: WHITE, thirty-si 1857 shares Of
Total, Fifty-FourT Thousand Dollars. a. ~
Ihos DONE AND PASSED. in my NotariaI
once, In New Orleans, aforesaid. in the nra-
senSe OF THOMAS BEARY and ALBERT
MEBER, competent witnesses residing in
inns NY, VINO hereunto subscribe their names
on the day and date set forth in the canton
hereof.
lSl1teen (16) words interlined in article
sixtn, page 4, approved before signinp)
ORIGINAL SIGNED:
+. G. ROBICHAUJ.
L. A. TROSCLAIR-
y. ID. WHITE,
J. b. LEVERT,
WITNESSES: AN'-
THOS. BEARY.
ALBERT WEBER.
j. NCMA AUGC6TIN.
/. THE UNDERSIGNED NOTARY, do how
by certify that the foregoing il a trne coru
OF the original act of record in nv ONCE Wy
~ FAITH WHEREOF, 1 grant these p-p.
sents under my signature and the imnrass ~
my of1cial seal, this ninth day Of Aprii. A, n
1859. APA"' a.
J. NUMA AUGUsTIN,
Notary Public.
!. the undersigned Recorder of Mortxav.s
IN ana Tor the parish of Lafourche. STATE al
LOUISIANA, DO hereby certify that the above
and foregoing act OF Incorporation Of .sThe
LarOnrche sugar Refining Company" was fhis
DAY duly recorded in my Office in book-folio
ThIboda1S' April IL. 4; p; 1885.
tSlxned:o CHAS. j. BARKER.
Deputy Clerk and Ex.Oficio Recorder az
Mortgages.
LIE FRANCO-AMERICAIN
DE New York.
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