The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-06-20
CHARTER
OF Thu
YOkELY SUGAR COMPANY.
United State S of America.
State of Louisiana,
Parish OF st. Mary.

! II
boi iI, a Notary Iupiic, duly commissioned ant
t.a w " ,t:iili anu ioi tiie farisii OF 81 Mary
n.ale Vi Lonisli1a ana III presence OF the wit
.iesses hereinafter named and undersigned
pelsohaIH riihie anu appeared the pc rsoiis whose
nalhes are heieuhio shoserlbei all OF the ful
~ ~ htIJornS, VINO seVerany declared that
ata.iihs themselves 1 ol Inc laws OF tins state
relative TO me organization of corporations, they
nase anu ps ,hese presents do covenant and
asree lol themselves, tnelf successors and as
siShs anu no neftoy 1ofil themselves INTO q
corporation ana BODY polite Ill law for the
1870 ''h. pu p'ses anu uilder the stipuiatoiis
ioiio"lns' to-Wll'
Ahll LE
ne name ana tiIle OF TINS corporation shall he
anu Is lVhELA SCHAi COMPANl and it shall
nave iil'f ehJoy succession ana existence for
peflou OF nlhrty-hllle (99) years from the date
hereof; II shaI have the power and authority to
cohllact, 10 sue anu pc sued, ana make and use
a corporate sea-, ana TO break and alter same at
pNrothec.e nor" o pdaehase, least sell mort.age
| ny po,hecate or pledge property real, personal
or niIAeu' necessary anu proper Tor Its business:
| 10 nuy anu hoi" STOCK III Other company or com
p,es .naa may assist inns corporation in its
p.iposeS' ilhe ana issue notes ana mortgages;
10 hitihe' eject anu appoint managers, directors,
| agents oVerSeefs ana clerks; and to make and
th sun VS., rules ana regulations for
| we management Oh me BUSINESS and affairs of
| ms corporation as may be useful necessary Or
| oo n ehleht.
On ne ne, general ninaser Oh thls company may be
'h oihcef OF s1ockiioief or he, as we'll as other
t en- may De stranger to sad company:
ile S'tiary OF an omcers or manager to be fixed
| ny 'ie boaro Oh DiTe G4
u Ak!lCLE H.
, Inc nonicle OF inns corporation shall be at
franklin. farlsi1 OF 81. Mary, Louisiana. where
an oa,a,ons an anu ".ner legal processes shall be
served upon the Ifesident or, III the absence of
the President, upon the Nice-President or in the
absence ol poih upon the Secretary OF said COM
pahy'
M, AhIlCLE III.
Inc oo9ecls ana purposes tor which this cor
poratlon is organized ana the nature of the bust
ness 10 De carried on oy It are to manufacture
nfh
ny products mace from sugar cane to pur-
chase, buid ana erect sugar house or
factory suitable Tor the manufacture OF sugar or
the making OF syrup or other by products. To
carr out the purposes OF TINS corporation. it shall
have power and authority to buy, sell and lease
re- real estate ana cultivate the same, or to have
the same cultivated by lease or otherwise; to buy
tank cars LOT shlpplng ana removing said syrup
or receiving same, and If necessary to build and
operate railroads or tram roads or to transport
cane or Othef Dy-products by boat or any other
means; to connect with said factory syrup
mousse II snail also nave the power to build pipe
line TO connect TINS factory or syrup house with |
any sugar manufacturing establishment that il |
may desire for the purpose of TRANSPORTING the
syrup to have the same manufactured into sugar |
1t shall also have the power and authority to
manufacture table syrup and to can>bottle or |
otherwise prepare same for the marker and sell |
and dispose OF same at wholesale 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 he
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
t hat it may elect.
ARTICLE ".
The capital stock of this corporation shall be
and is hereby by fixed at Seyenty-Fve Thousand
into seven hundred and fifty (75O) shares of the
par valueoof One Hundred Dollars $500. OO) each.
The full amount of each share of stock sb.u no
nad fnr in casb ar IT, o1ri.ie'. % s'o.A shan ne
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 fullv
organized and authorized to begin business "a |
soon as Twenty Five Thousand Dollars (o5 OOO my
of the capital stock shall have been subscribed
and paid for
ARTICLE Y. |.
All the corporate powers of this corporation
shall be vested in Board of Directors consisting
Df nine (9) directors five 90 of whom shall con.
stitute quorum for the transaction of business.
Seven af these directors shall be chosen AT fine |
signing of this charter, from the stockholders | !
then signing the remaining two directors TO he |
selected By those seven whenever desired and |
from present stockholders OF from those who may
a become associated with the present sgners.
The full Board Of Directors shall be elected
from the stockholders of said company
On the frst lst.) Saturday in March, of each
ear' beglnnlng with the first Saturday, in March,
909, and shall hold their respective offices until
heir successors are elected and qualified.
All such elections shall be by ballot, and
,ach stockh shall be entitled to one vote
or each share OF stock standing in his name Z
N the books OF the corporation which vote \
mall be cast in person or by proxy; and II
nan require majority OF the stock present
n represented to elect.
: no person snali be member of the Board
u directors OF SAD company who Is not the
Sider ana m 4, owner IN his own right of four
mares Oh the capital stock OF said company.
Any vacancy occurring on the Board of
'lrectors shail be nlled by the remaining D
oard
ARTICLE VI. q
\ he failure to elect directors or officers at o
ny gwen time snail not have the effect OF :,
issolying the corporation, but the encum- 81
ent directors Or officers shall, in such event d
Old Office until their successors are elected Il
nd Qualified. | II