The St. Mary banner., 1903-02-21
CHARTER
SHADYSIDE SUGARCOMPANY
LIMITED.
STATE OF LOUISIANA. |
PARISH OF ST. MARY.

BE 1T KNOWN, That on this 9th day O.
February, in the year of Our Lord Ont
Thousand Nine Hundred and Three. an(
of the Independence of the United State:
Of America the one hundred and twenty
| seventh,
| Before me. Percy Saint. Notary Pub
| lie, in and for the Parish of St. Mary
State of Louisiana. duly commissioned
| and qualified, and in the presence of the
witnesses hereinafter named and under
signed, personally came and appeared
Earl S. Barnett, Robert S. Barnett and
jacob Allen Barnett. all of lawful age
and residents Of the Parish of st. Mary,
in this State, who scverally declared
that. availing themselves of the laws of
this State relative to the organization OF
corporations, and especially of the pro-
visions of Act SO. of the General Assem-
bly, of Louisiana for the year 1888, they
have agreed and do hereby agree and
bind themselves. as well as such persons
as may become associated with them and
their successors, to form and constitute
corporation and body polite in law for
the objects and purposes and under the
conditions and stipulatiOns as contained
and set forth in the following articles,
to-wit:
ARTICLEI.
The name and title of said corporation
shall be the SHADYSIDE SUGAR COM
PANY, LIMITED, it shall exist and
have and enjoy succession for the full
period of ninety years from the date
hereof. and under its corporate name it
shall have power and authority in res>
pect to its objects and purposes herein
after stated to acquire, ALLEVIATE. mort
gage, lease aud pledge real and personal
property; to contract, sue and be sued
and generally to have and exercise all
powers conferred by law on corporations.
ARTICLE III.
The den icile of the said corporation
shall be in the Parish of st. Mary, State
OF Louisiana and all citations and other
legal process shall be served on the
President and in his absence, on the
Vice>President.
ARTICLE III.
The objects and purposes for which
the said corporation is organized and
established and the nature OF the busi-
ness to be carried on by it. are hereby
decl red to be: to purchase, to lease aud
to cultivate and operate sugar planta-
tiuns; to manufacture and refine sugar
to buy and sell sugar cane, sugar, sy-
rup and molasses, and to buy and sell
goods, merchandise and property of all
kinds necessary or incidental to the
transaction of its business or the fur
nishing Of its EMPLOYEES and to do all
other things incident or necessary to
carry out the above objects and pull
poses.
ARTICLE
The capital stock of said corporation
is hereby tixedat Three Hundred Thous,
and Dollars (S30O,O0W, represented by
Three Thousand shares of One Hun
dred Dollars ($lO0) each, to be paid in
money or property in such manner, in
such amounts and at such time as tue
Board of Directors shall determine. No
in the company shall ever
sell any shares of stock held by him
until he shall have first offered the same
for sale to the other stockholders who
shall have the refusal thereof
ARTICLE V.
All the corporate powers of said cor
poratiOn are herby vested in, and shall
,e exercised by "A Board of Directors
Of three stockholders, any two
If whom shall constitute quorum for
the transaction of business The direct |
)rs shall he elected annually on the third |
Monday in January. The election shal. J
Dc by ballot and each stock Older shall |
De entitled in person and by proxy to |
me vote for every share of stock held by |
lin. Notice OF such election shall be |
,iven by ten days continuous publication
preceding such election IN
me of the newspapers published in the
Parish of ST. Mary. The manner of con
lucting such elections shall be regulated
y the bylaws. At the first meeting
fter their annual election the board of
directors shall elect from their own num-
er a President. Vice-PresideHt and a
ecretary and Treasurer. who need not
e stockholder, whose du Sies and pow-
rs shall be prescribed by the .by-laws.
aid directors and officers shall hold of
ce for one year, or until their success
rs shall have been elected and qualified
Until the rst election, which shall be
eld on the third Monday in January,
904. the following incorporators are
INSTITUTED the Board of Directors to-
it: Earl s. Barnett. who shall be
hartman of the Board. Robert s. Bar
ett. who shall he Vice President and j.
lien Barnett. who shall be Secretary
nd Treasurer. all of whom shall hold
ice until the first election herein pro
ded for and until their successors are
ected and enter upon the discharge of |
leir duties. J. w. Barnett shall lie
resident of the Company. II
The Board of Directors shall make and
lopt such bylaws as may be necessary
II the proper management and regula-
On of the affairs and business of said
'rporatiOn shall have power to amend
I'd alter the same at pleasure, and shall i
emselves or in such manner as may be |
escribed by the bylaws appoint all
nployees, detiLe their powers and fix =
cir compensation. The Board of Di- !;
ctors shall fill any vacancies occurring = =
1ong their own number.
Meetings of Directors may be called t
the President or by any two Directors n
such notice a; shall be prescribed by f
e by laws, &
ARTICLE vi. n
General meetings of stockholders shall :,
held annually on the third Monday in :, "
nuary after due notice as provided for =
Article 5, and the President or any T.
o stockholders may call special meet II
, of the stockholders for any lawful VI
rpose upon notice to be given in the IL
Il f. l. 4