The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1903-03-14
CHARTER
SHADYSIDE SUGARCONPANY
LIMITED.
OF LOUISIANA. J

STATE OF LOUISIANA.
PARISH OF ST.. MARY.
BE IT KNOWN, That on this 6th day O
February, in the year of Our Lord On
Thousand Nine Hundred and Three. an,
tue 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 commissioner
and qualified, and in the presence of tn,
witnesses hereinafter named and under
signed, personally came and appeared
Earl >. Barnett, Robert S. Barnett and
jacob Allen Barnett. all of lawful arc
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 36, of the General Assem-,
ply 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 ninet y-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 and 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 II.
The dom 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
VicesPresident.
ARTICLE III.
The objects and purposes for which
the said. corporation is organized and
and the nature of the bust
ness to be carried on by it, are hereby
declared to be: to purchase, to lease aud !
70 cultivate and operate sugar planta. |
ions; to manufacture and refine sugar.
20 buy and sell sugar cane, sugar, sy-
up and molasses, and to buy and sell |
goods, merchandise and property of all
ilnds necessary or incidental to the !
r ansaction of its business or the fur
lishing of its employees and to do all
ther things incident or necessary to
AIRY out the above objects and pur-
roses.
ARTICLE ".
The capital stock of said corporation
, hereby fixed at Three Hundred Thous.
nd Dollars $500, OO0), represented by
'hree Thousand shares of One Hum
red Dollars ($l0O) each, to be paid in
honey or property in such manner in
lch amounts and at such time as the
oard of Directors shall determine. mol
ockholder in the company shall ever
III any shares of stock held by him
ntil he shall have first offered the same
'r sale to the other stockholders who
hall have the refusal thereok II
ARTICLE V. III
AL VIZ wi pOWCIo VI SAIL CUT
oration are herby vested in. and shall
exercised by a Board Of Directors
imposed of three stockholders, any two
whom shall constitute quorum for
e transaction of business. The direct
8 shall be elected annually on the bird
onday in January. The election ahal,
by ballot and each stockh older shall
entitled in person and by proxy to
re vote for every share of stock held by
NJ. Notice of such election shall be
ven by ten days continuous publication
mediately preceding such election IN
e of the newspapers published in he
IRISH of st. Mary. The manner of cDn.
citing such elections shall lie Regulated
the bylaws. At the frs. meeting q
er their annual election the boaxl of L
'ectors shall elect from their own l1nm. r
+ President, Vice.President add .
cretary and Treasurer, who need not vi
stakeholder, whose du ties and pbw. "
shall be prescribed by the by.i4Ws. r
i'd directors and officers shall hold Of
3 for one year, or unit: their SUCCESS
shall have been elected and qualified
Until the first election, which shall be
d on the third Monday in January,
a, the following incorporators are
the Board of Directors to- r,
i: Earl s. Barnett, who shall he A.
airman of the Board, Robert s. Bar al
t. who shall be Vice President and J.
en- Barnett, who shall be Secretary
Treasurer. all of whom shall hold
% until the first election herein pro-.
ed for and until their SUCCESSORS are
ted and enter upon the discharge of
ir duties. J. W. Barnett shall be
sident of the Company. !
he Board of Directors shall make and
pit such bylaws as may be necessary AZ
the proper management and regula.
of the affairs and business of ssid
,oration shall have power to amend 9.
alter the same at pleasure, and shall H.,
nselves or in such manner as may be W
cribed by the bylaws appOint all
loyees, defiie their powers and fix Cul
+ compensation. The Board of Di. I'm
Drs shall gil any vacancies occurring ~
ng their own number.