The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1906-12-08
BIG SUGAR COM BlNE.
Continued from First Page.

1t is not intended to take in all plants
in the state promiscuously, but oy 1n-
dicious selection to At first form 3
nucleus OF plants representing "a an
nuaI sugar product or capacity OF
go, 900, 900 pounds.
The plants invited to be part OF this
consolidation should be among
the best in the state, advantageonsly
located geographically and with refer
ence to each other, distributed through
out the sugar belt, and should also De
Of large mill capacity, and either own
ing the necessary acreage to supply
the mill or having it available under
lease, contract or otherwise.
It is intended to invite into CONSOLE
dation an acreage sufficient to repre-
sent at least 40 per cent OF the state
production and as much milling ca
pacity Herewith as may be deemed
advantageous.
The values upon properties entering
into and becoming part Of the organ
ization shall be determined by board
or appraisers to be appointed, consist
ing or, first, one we'll conyersant with
the value Of sugar lands: second, one
practical planter; third, one practical
constructing engineer, who, with the
assistance OF constructing sugars
house engineer, an architect, an agrl.
cultural expert, railway expert, acc
countants, ETC., shall fix the values OF
properties acquired in accordance
with the following plans:
Sugarhonse and machinery build
ings-Valuee II, be estimated upon the
basis Of VII It it would cost TO repro
duce them less proper wear and tear,
efficiency to be considered as an ele-
ment of value.
Lands-All lands to be valued by
| the appraisers at not exceeding 300
per acre for the very best lands, to
which will be added $40 per acre for
all plant-cane land; $40 per acre for
6rst-year stubble land; S. per acre
for second-yea sbubble land, and SIS
per acre for all seed not yet planted.
Mules-All mules owned On Jan !,
1907, to be valued by appraisal by 2
| competent committee Of three.
Equipments-AllW wagons, carts, har-
ness and agricultural implements to
be valued by appraisers using as a
basis of values a statement Of costs,
| less wear and tear.
Building s-Residences, outhouses,
stables. quarters, storehouses and
other buildings to be valued by APP
praisers.
| Railroads and equipments These to
be taken at values TO be ascertained
| by appraisers on basis Of cost Ct re-
| producing the same, including the
cost Of rights of way.
Materi a1-All material not included
| ia the plant and not otherwise valued
as herein set forth, including stocks OF
merchandise on hand, molassesgsugar,
fuel, fertilizers, feed, cooperage, mill
supplies and other material to be ap-
| praised at values based on inventory
and other data.
To these aggregate values, when as
certained, shall be superadded any
other values not here listed which
may be recognized by appraisers that
may be omitted or il any way I'M
derva1ued either by owners, experts
or appraisers; and the gross amount
so ascertained shall be considered
the values or properties acquired.
Residences-Reside with plot
OF ground about the same usually re-
garded as pertaining thereto and
known as the yard, gardens, ETC., not
to exceed ten acres mot including any
part Of the land, roads and houses
| necessary TO the operation Of sugar
lands, manufactures. but including
all outhouses, etc, properly pertain
ing thereto may be leased back TO the
owners at rental Of 10 per cent OF
the valuation or may be omitted IN
this plan OF purchase. the company
reserving al rights OF way and the
right TO terminate leases should the
interest OF the company SO demand.
Obligations-The company will as
sumo business contracts with employ
ees for cane, rehandise or supplies
made prior to the date OF transfer and
enumerated il the agreement OF trans
FER. Where there are mortgages or
liens or other obligations resting on
the properties to be acquired, they
may be taken over subject to such
obligations, suitable reserva alton Of
the stock issued in payment for such
properties being made.
Crop cash--The company will pay
over to owners in cash all moneys ac-
tually expended on the preparation
and cultivation OF the 1907 crop, such
accounts Of expenditures notto include,
moneys expended for Material other
wise appraised, nor any sums covered
by obligations assumed BY the conn
pany.
Refinery Immediately upon organi-
cation it is intended TO begin the con
structioa ii q refinery OF 5000 barrels
capacity.
Approval-Upon receiving the in