The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-06-13
CHARTER
OF THE
Y0kELY SUGAR COMPANY.
United States of America,
State of Louisiana,

United State of America,
State of Louisiana,
| Parish of st. Mary.
BE II KNOWN: That on this, the 10th. day
of April, A. d., 1908 before me. Charles Frank
Borah, Notary Public, duly commissioned and
qualified within and for the Parish of st. Mary
State OF Louisiana, and in presence of the wit
| Eesses hereinafter named and undersigned
personally came and appeared the persons whose
names are hereunto subscribed, all Of the full
| age of majority, who severally declared that
| awaiting themselves of the laws of this state
relative to the organization OF corporations they
have and by these presents do covenant and
| agree for themselves, their successors and as
| signs, and do hereby form themselves into a
corporation and body polite in law for the
| objects and purposes and under the stipulations
| following, tO-wit:
| ARTICLE 1.
| The name and title of this corporation shall be
| and is YOKELY SUGAR COMPANY. and it shall
| have and enjoy succession and existence. for a
| period of ninety-nine 1899 years from the date
hereof: it shall have the power and authority TO
| contract. to sue and be sued, and make and use
a corporate seal and to break and alter same at
| pleasure to hold, purchase. lease sell. m0rtga &c
| hypothecate or pledge property, real personal
| or mixed, necessary and proper for its business:
| to buy and hold stock in other company or COM
| panies that may assist this corporation in its
purposes; to make and issue notes and mortgages
| to name, elect and appoint managers directors,
| agents Overseers and clerks; and to make and
establish such bylaws rules and regulations for
| the management of the business and affairs of
| this corporation as may be useful, necessary or
convenient
The general manager of this company NAV be
| an officer stakeholder or he, as well as other
employees, may be stranger to said company:
by the Board of Directors.
ARTICLE ii.
The domicile of this corporation shall be at
Franklin. Parish of st. Mary. Louisiana, where
all citations and other legal processes shall be
served upon the President or. in the absence of
the President, upon the Vice President or in the
absence of both. upon the Secretary of said COM
pany.
The objects and purposes for which this cor
poratiOn is organized and the nature of the bust
ness to be carried on by it are to manufacture
sugar cane into syrup, mo!asses, sugar or other
by products made from sugar cane; to pur-
chase build and erect sugar bouse or
factory suitable for the manufacture of sugar or
the making Of syrup or other by products. To
carry out the purposes OF this corporation it shall
have power and authority to buy, sell and lease
real estate and cultivate the same, or to have
the same cultivated by lease or otherwise: to buy
sugar cane from sugar cane growers. to purchase
tank cars for shipping and removing said syrup
or receiving same, and if necessary to build and
operate railroads or tram roads or to TRANSPORT
cane or other by-products by boat or any other
means; to connect with said factory OF syrup
house, it shall also have the power to build a pine
line to connect this factory syrup house with
any sugar manufacturing establishment that it
may desire for the purpose of transporting the
"
1t shall also have the power and authority to
manufacture table syrup and to can, bottle or
otherwise prepare same for the market and sell
and dispose of same at wholesale or retail In
fact, said company shall have power to do all
things and everything necessary to manufacture
sugar cane into syrup and to cause same to be
manufactured into sugar by factory to be erected
by itself or to have the same manufactured by
other factories, and shall possess all incidental
powers to carry out these objects or to manu-
facture any other by.prcduct from sugar cane |
hat M
ARTICLE ".
The capital stock of this corporation shall be
and is hereby fixed at Seyenty-Five Thousand |
Dollars 15,0O0.UO) and shall be and is divided
into seven hundred and fifty (750) shares of the
par value of One Hundred Dollars (SlOO.OO) each.
The full amount of each share of stock shall be |
paid for in cash or its equivalent in property of
labor at the time the stock is issued and deliver
ed and no stock shall be issued and delivered |
until fully paid for as herein designated.
This company shall be considered as fully
and authorized to begin business as
soon as Twenty Five Thousand Dollars (25, 900. OO
Of the capital stock shall have been subscribed
and paid for.
ARTICLE
All the corporate powers of this corporation
shall be vested in Board Of Directors consisting
Of nine (9) directors, five (5) of whom shall con-
sttute quorum for the transaction of business.
Seven af these directors shall be chosen at the
signing of this charter, from the stockholders
selected by those seven whenever desired. and
from present stockholders of from those who NAV
ater become associated with the present signers.
The full Board of Directors shall be elected
annually from the stockholders of said companv
On the first Qst.) Saturday in March, of each
year, beginning with the first Sunday in March
1909, and shall hold their respective offices until
heir successors are elected and qualified
All such elections shall be by ballot, and
each stock shall be entitled to one vote
or each share Of stock standing in his name
IN the books OF the corporation which vote
'hall be cast in person or by proxy; and it
hall require a majority of the stock present
)r represented to elect.
No person shall be member of the Roard |
II Directors OF said company who is not the
'older and owner in his own right of four
hares OF the capital stock of said company.
directors shall be filed by the remaining
board. {
ARTICLE VI. {
The failure to elect directors or officers Mt r
ny given time shall not have the effect of !
issOlving the corporation, but the encum- :
ent directors or officers shall, in such event
old once until their successors are elected +.
nd qualified. t
All notices of stockholders meetings shall
e by written notice given ten days in advance l
t the meeting except notice to increase the i;
apital stock or to alter or amend the charter ,
r dissolve the corporation which said notices =
hall be given for full thirty days in writing Z
d In the Town of Franklin.
ARTICLE VII
The offices of this corporation shall consist h
a President, Vice President. a Secretary %
nd Treasurer. The office of Secretary and q
reasurer may, if desired, be held by one and =
le same person. Until the election to be ;
cid on the first Saturday In March, 1909, the
blowing named persons shall constitute the h
rst Board of Directors, to-wt: liz
John d. Bell. Dorville Pontiff. Hypolite i
avoie, GideO Robichaux, Arthur olivier, =
mile Lagrange and August Becnel, with =
ohn d. Bell as President; Arthur Olivier as Z
ice-President; August Betnel as Secretary N
nj Giueo RObichaux as Treasurer.
ARTICLE VIII. Itl
This charter NAV he amended rnoliHad nv ~
tered, or the corporation may he dissolved 10
it'll the assent of three fOurths (2N in arnourt ~