The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1898-01-15
ACT OF
EXPERIMENTATION.
United States of America,
State Of Louisians, Parish OF st. Martin.


State Of Louisiana, Parish OF st. Martin.
Be II known that On this the seventeenth dav
Of November. A. D., Eighteen-hundred- and
ninety seven.
Before me DAN. w. VOORHEES,, a Notary Pu-
bile. duly qualified, and sworn in and for the
Parish of st. Martin, State of Louisiana, and in
presence Of the undersigned resident witnesses;
Personally appeared ROBERT MARTIN, Of
st. Martin Parish, Louisiana, ALEXANDRA
MOUTON, Of Orleans Parish, Louisiana, and 8.
v. MARTIN, of Orleans Parish. Louisiana,
herein represented by said Robert Martin, who
said that awaiting themselves of the Laws of
this State relative to the organization OF Corpo-
rations, and especially of Act IS Of 1889, they
have agreed and do hereby agree. bind and obli-
gate them selves. as we'll as such persons as may
hereafter become associated with them. to con-
stitute Limited Corporation Tor ths purposes
and under the conditions following. to-wit:
Article 1.
The name of this Corporation shall be THE
r. MARTIN SUGAR COMPANY, LIMITED"
its domicile shall be in the Parish Of st. Mar
tin, Louisiana, and it shall exist for period of
ninety mine (99) years, from this day; and under
its name il shall have the right to acquire pro-
perty of any kind. real or personal. for cash or
on terms mortgage, lease. sell. pledge, TO build
and construct sugar refinery, for that purpose
to operate brick yards, or to acquire same alrea-
dy constructed and put mp, and for that purpose
to enter into all necessary contracts: to sue and
be sued in it's corporate name, and generally to
have and exercise all powers conferred by law
on Corporations. ALI legal process shall be
served on the President, and in his absence on
the vice-P President of this Company. The said
Corporation shall also have the right to borrow
money. and for that purpose to issue bonds
payable in any seriee of years, interests on the
said bonds not to exceed eight Per cent per year.
Article III.
The principal object of this Company Is to
establish Sugar Factory in this Parish. to buy
cane, to grind the same. refine syrup and gener-
ally to manufacture. refine and cell sugar cane
and syrup. and in that connection and for the
purpose of raising cane, to purchase or lease su-
gar plantations. And to buy and cell such mer
chsndises and other property as may be neces-
sary and convenient in the carrying on OF said
business and generally to do all things and
make all contracts that may be incident to or
convenient to the above objects and purposes.
Article Ill.
The capital stock Of this Corporation is here
BY fixed at Fifty thousand ($50.OOO represented
by Five hundred (5OO) shares Of one hundred
dollars ($lOO.OO) each, payable one half cash.
and the balance whenever called for by the
Board Of Directors. The Company may COM
mence business as soon as one half of the Capt.
tai Stock is paid in.
Article Nv.
The powers of this Corporation are vested In
Board of Directors composed OF three stock
holders. two Of whom shall constitute quo
rum. The Directors shall be elected annually
on the First Thursday Of April, under such by
laws as may be hereafter adopted by said Cor
porstion. They shall elect from their members
President (who shall be Genssal Manages. sx-
oficio) A Vice President, Secretary (who shall
also be treasurer whose duties shall be pres
cribed by the bylaws. The Directors shall hold
Office until their successors are installed; Until
elected, the following named stockholders shall
constitute the Board of Directors. to-wit:
President: Robert Martin.
vice-President: Alex. Mouton.
Secretary-Treasury. g. v. Martin.
The Board of Directors shall adopt all neces.
sary bylaws for the management OF this Corpo-
ration and shall have the power TO amend the
same at pleasure. and shall appoint and remove
all employees and fix their compensation. and
shall fill any vavancy occurring among theil
own members. All checks for money for labor
material or otherwise shall be signed by the
President and General Manager, and shall spe
city the reason thereof: and all funds of thu
CORPORATION shall be kept In q local Bank. or in
| Bank at New Orleans. Louisiana, except sucf
advances as may be made to the Corporation b.
Commission Merchants and others.
/ Article v.
No stock holder shall ever be liable for TIL
contracts of this Corporation in any furthe
sum than the unpaid balance due TO the Com
many on the Shares owned by him, nor shall an
| informally in the proceedings of Organization
render any stakeholder liable beyond sail
amount. No stock Of this Corporation shall b
transferred or sold before 1t is offered to tn
other stock holders present at a regular Meet
ing. who shall have the refusal thereof. AM
no certificate of Stock shall be issued before
is fully paid up, and in default Of payment d
stocks as called for by the Board OF Director
the amount paid shall be forfeited to the Coz
poration.
| Article vi.
This Charter may be amended or dissolve
with the assent of three fourth Of the capt.,
stock represented at q general Meeting of III
stock holdere to be specially convened sftt
thirty days notice published at the Domicile
the Corporation. and by written notices MALE
to each stock holder. Upon dissolution OF TIL
/, Corporation by limitation or otherwise, its a
, fairs shall be liquidated by three commission
ers to be elected by the stockholders who sha
at the same time fix their compensation. IT
Capital Stock Of this Corporation may be II