The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-02-28
CHARTER
SHADySIDE SUGARCOMPANY
LIMITED.
! STATE OF LOUISIANA,
PARISH OF ST. MARY,


February, in the year of Our Lord One
Thousand Nine Hundred and Three. anG
of the Independence of the United States
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. awaiting 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 1883, 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
a 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 SHADYSlDE SUGAR COM
PANY, LIMITED, it shall exist and
have and enjoy succession for the full
period of nincty-nine 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 IL.
The donicile 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
VicesPresident.
ARTICLE III.
The objects and purposes for which
the said corporation is organized and
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.
lions; to manufacture and refine sugar.
to buy aud 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
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 pul-
poses.
ARTICLE Nv.
The capital stock of said corporation
is hereby fixedat Three Hundred Thons-
and Dollars ($30O,0OO), represented by
Three Thousand shares of One Hun
dred Dollars ($lOO) each, to be paid in
money or property in such manner. in
such amounts and at such TING rs the
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
lie exercised by Board of Directors
of three stockholders, any two
Of whom shall constitute quorum for
the transaction of business The direct
ors shall he elected annually on the third
in January. The election shall.
be BY ballot and each stakeholder shall
be entitled in person and by proxy to
one vote for every share of stock held by
him. Notice of such election shall he
given by ten days continuous publication
4 FOL ,,woco1inr enoh a1aefinn
one Of the newspapers published in the
Parish Of St. Mary. The manner of con
Quoting such elections shall be regulated
by the bylaws. At the first meeting
after their annual election the board of
directors shall elect from their own nun
Der President. Nice~Fresident and
Secretary and Treasurer. who need not
be stakeholder, whose du lies and pow-
srs shall be prescribed by the by.laws.
Said directors and officers shall hold Of
ice for one year, or unit; their success
,rs shall have been elected and qualified
Until the .rst election, which shall be
leld on the third Monday in January,
1904, the following incorporators ared
constituted the Board of Directors to-
Wit: Earl s. Barnett, who shall be
chairman of the Board. Robert s. Bar
,ett. who shall be Vice President and J.
Allen. Barnett, who shall be Secretary
md Treasurer. all of whom shall hold |
flee until the first election herein pro
'ided for and until their successors are
lected and enter upon the discharge of |
heir duties. }. W. Barnett shall he
PRESIDENT of the Company.
The Board of Directors shall make and
dept such bylaws as may be necessary
or the proper management and regula-
ion of the affairs and business of said
shall have power to amend
nd alter the same at pleasure, and shall
themselves or in such manner as may be
rescribed by the bylaws appoint all
Employees, defiLe their powers and fix
heir compensation. The Board of Di-
ectors shall fill any vacancies occurring
mong their own number.
Meetings of Directors may be called
y the President or by any two Directors
n such notice as shall be prescribed by
be by laws,
ARTICLE vi.
General meetings of stockholders shall
e held annually on the third Monday in
anuary after due notice as provided for
/ Article 5, and the President or any
10 stockholders may call special meet
g of the stockholders for any lawful
urpOse upon notice to he given in the
'anner and for the time to be prescribed