The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-03-21
CHARTER
SHADYSIDE SUGARCOMPANY
LIMITED.
STATE OF LOUISIANA, !
DAurvrr az, Sr M.n>,

AhlSH Of OIL MARY.
BE II KNOWN, That on this 9th day of
February. in the year Of Our Lord One
Thousand Nine Hundred and Three. and
of the Independence of the United States
of America the one hundred and twenty
seventh,
Before me. Percy Saint, Notary Pubs
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 severally 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
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:
ARTICLE l.
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 ninetynne years from the date
hereof. and under its corporate name it
shall have power and authority in RESI-
pect to its objects and purposes herein
after stated; to acquire, ALLEVIATE. mort
gage, lease and pledge real and personal
property; to contract, sue and he sued
and generally to have and exercise all
powers conferred by law on corporations.
ARTICLE II.
The dom cile 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
Nice.President.
ARTICLE III.
The objects and purposes for which
the said corporation is organized and
established and the nature of the bust
ness to be carried on by it. are hereby
declared to be: to purchase, to lease and
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 pur-
poses.
ARTICLE ".
The capital stock of said corporation
is hereby fxedat Three Hundred Thous-
and Dollars (s300,OO0), represented by
Three Thousand shares of One Hun
dred Dollars ($l00) each, to be paid in
money or property in such manner, in
such amounts and at such time as the
Board of Directors shall determine. No
stakeholder 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
be exercised by a Board of Directors
composed 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
Monday 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
preceding such election In |
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 elsct from their own mum.
Der President, Vice-President and a
Secretary and Treasurer. who need not /
be stakeholder, whose dusies and pow-
ers shall be prescribed by the by.laws.
Said directors and officers shall hold Of |
nee for one year, or unit: their success
Ors shall have been elected and qualified.
OUntil the rst election, which shall be
held on the third Monday in January,
1904, the following incorporators are
the Board of Directors to-
wit: Earl 3. Barnett, who shall be
Chairman of the Board. Robert 5. Bar
nett. who shall be Vice President and ]
Allen Barnett, who shall be Secretary
and Treasurer. all of whom shall hold
office until the first election herein pro
Vided for and until their successors are
elected and enter upon the discharge of
heir duties. j. w. Barnett shall he
President Of the Company. /
The Board Of Directors shall make and
ldopt such bylaws as may be necessary
or the proper management and regula-
ion of the affairs and business of said
corporation shall have power to amend
md alter the same at pleasure, and shall
themselves or in such manner as NAV be
by the bylaws appoint all
Employees, defiLe their powers and fix
heir compensation. The Board of Di-