The weekly messenger. [volume] (St. Martinsville [i.e. St. Martinville] La.) 1886-1948, 1898-01-08
ACT OF
INCo7Po7
United States Of America.
State of Louisiana, Parish Of st. Martin.

Be il known that on this the Seventeenth day
of November, A. d.. Eighteen hundred and
ninety-sevcn.
| 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 s.
v. MARTIN, of Orleans Parish, Louisiana,
herein represented by said Robert Martin, who
| said that availing themselves of the Laws of
this State relative to the organization of CorpO-
| rations, and especially of Act So of 1888, they
have agreed and do hereby agree. bind and obi
| gate themselves, as well as such persons as may
hereafter become associated with them, to con-
stitute Limited Corporation for the purposes
and under the conditions following, tO-wit:
Article /.
| The name of this Corporation shall be THE
r. MARTIN SUGAR COMPANY. LIMITED"
| its domcle shall be in the Parish of st. Mar
tin. Louisiana. and it shall exist for period of
ninet y-nine (99) years. from this day; and under
its name it shall have the right to acquire pro-
perry of any kind, real or personal, for cash or
on terms mortgage, lease. sell, pledge, to build
| and construct a sugar refinery, for that purpose
to operate brick yards or to acquire same alrea-
dy constructed and put up, and for that purpose
to enter into all necessary contracts: to sue and
be sued in its corporate name, and generally to
have and exercise all powers conferred by law
on Corporations. All legal process shall be
served on the President, and in his absence on
the Vice-PJesident 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 sell sugar cane
and syrup, and in that connection and for the
purpose of raising cane to purchase or lease SUI
gar plantations. And to buy and sell such mer
chandises 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 I'LL.
The capital stock Of this Corporation is here
by fixed at Fifty thousand (s50.0O0) Represented
| ~ Five hundred (jO0) shares of one hundred
dollars (sIOo0O) 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.
ArticleIV.
| 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
poration. They shall elect from their members
| a President (who shall be General Manager, ex-
ofiicio) 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-wits
| President: Robert Martin.
| Vice-President: Alex. Mouton.
Secretary Treasury. 8. v. Martin.
The Board of Directors shall adopt all neces-
sary by laws 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 their
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 the
Corporation shall be kept in a local Bank. or in
| a Bank at New Orleans. Louisiana, except such
advances as may be made to the Corporation by
| Commission Merchants and others.
Article v.
No stock holder shall ever be Liable for the
contracts of this Corporation in any further
sum than the unpaid balance due to the Com
pany ON the Shares owned by him, nor shall any
informally in the proceedings of Organization
| render any stakeholder liable beyond said
amount. No stock Of this Corporation shall be
transferred or sold before II is Offered 10 the
/ other stock holders present at a regular Meet
] ing who shall have the refusal thereof And
no certificate of Stock shall DO issued before il
is fully paid up. and in default of payment on
stocks as called for by the Board of Directors
the amount paid shall be forfeited to the Cor
poration.
Article W.
This Charter may be amended or dissolved
with the assent of three fourth of the capita
stock represented at a general Meeting OF the
stock holdere to be specially convened afteI
thirty days notice published at the Domicile oi
the Corporation. and by written notices mailed
to each stock holder. Upon dissolution of thi,
, Corporation by Limitation or otherwise its at
fairs shall be liquidated by three commission
ers to be elected by the stockholders who shall
at the same time fix their compensation. TIT
Capital Stock of this Corporation may be in
creased to One-hundred-t housand Dollars 1900.
OOc) provided three fourth in amount of tn
stock holders agree thereto in writing at spe