The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-30
CHARTER
OF THE
YOKELY SUGAR COMPANY.
United States of America,
State of Louisiana,
Do,.;sh of Ct Mary

relative to the organization of corporations, they
have and by these presents do covenant and
signs and do hereby form themselves into
corporation and body polite in law tor the
objects and purposes and under the stipulations
following, towt:
The name and title of this corporation shall be
and is YOKELY SUGAR COMPANY and it shall
have and enjoy succession and existence for
period of ninety-nine (9Y years from the date
hereof: it shall have the power and authority to
contract to sue and be sued, and make and use |
corporate seal, and to break and alter same at
pleasure; to hold purchase, lease sell, mortgage
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,
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 may be |
an officer or stakeholder or he, as well as other
employees, may be stranger to said company;
the salary of all officers manager to be fixed
by the Board of Directors.
ARTICLE II.
The domcile of this corporation shall be at
Franklin, Parish of st. Mary, Louisiana, where
ali 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
p''' ARTICLE III.
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, molasses, sugar or other
by- PRODUCTS made from sugar cane; to pur-
chase, build and erect a sugar house or
the making of syrup or other by -products. 10
carry out the purposes of this corporation it shall
have power and authority TO ouy se ana i haSe
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 or syrup
house. it shall also have the power to build pipe
line to connect this factory or syrup house with
any sugar manufacturing establishment that 1t
may desire for the purpose OF Transporting the
svri,D to have the same manufactured into sugar
1t shall also have the power aud authority to
manufacture table syrup and to can, bottle or
! otherwise prepare same tor the market anu sell
fact said company shall have power to do all
things and everything necessary to manufacture
sugar cane into syrup and to cause same TO De
Manufactured into sugar by factory to be erected
nv 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 product from sugar cane
n"' ~ -A"' ARTICLE ".
The capital stock of this corporation shall be
and ia hereby fixed at Seventy-Five Thousand
Dollars (s75 0OO0O), and shall be and is divided
into seven hundred and fifty (750) shares of the
par value Of One Hundred Dollars ($lOO.O o) 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
organized and authorized to begin business as
soon as Twenty Five Thousand Dollars Us OOOOOl
| of the capital stock shall have been subscribed
and paid for.
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-
stitute quorum for the transaction OF business.
Seven af these directors shall be chosen at the
signing of this charter. from the stockholders
/ then signing the remaining two directors to be
selected by those seven whenever desired, and
from present stockholders OF from those who may
later become associated with the present signers.
| The full Board Of Directors shall be elected
annually from the stockholders of said company
on the first Qst.) Saturday in March. OF each
year, beginning with the first Sturday in March,
1909, and shall hold their respective offices until
their successors are elected and qualified.
All such elections shall be by ballot, and
each stOckhOlder shall be entitled to one vote
| for each share of stock standing in his name
on the books of the corporation which vote
shall be cast in person or by, proxy; and 1t
shall require a majority OF the stock present
| or represented to elect.
| No person shall be member OF the Board
| of Directors of said company who Is not the
/
| shares of the capital stock of said company.
Directors shall be filled by the remaining
| Board.
| The failure to elect directors or officers at
any given time shall not have the effect Of
| bent directors or officers shall, in such event,
hold office until their successors are elected
and qualified.
| by writ ON given
| of the meeting except notice to increase the
| capital stock or to alter or amend the charter
shall be given for fun thirty days in writing
ed In the Town of Franklin.
| ARTICLE VII.
The offices of this corporation shall consist
and Treasurer. The Office of Secretary and
Treasurer may. if desired be held BY one and nd
held on the first Saturday In March, 1909, the
following named persons shall constitute the
first Board Of d Directors H1y' to pnnt,a Hvnoite
Savoie. Gideo Robichaux. Arthur Olivier,
Emile Lagrange and August Becnel, with
John D. Bel as President; Arthur Olivier as
and Gdeo Robichaux as Treasurer.
This charter may be amended, modified OF
altered, or the corporation may be dissolved
| with the assent of three fOurths "a in amount
| of the stock present or represented at any
general or special meeting of the stockholders
| held for such purpose after thirty days prior
notice in writing and in print shall have been
given to each stOckhOlder or mailed to him
at his last known nR e nii sddye's'
All transfers of stock of this corporation
| must be made on the surrender of the certfh
| cate of stock and by or under the direction OF
the Secretary of this corporation.
| Any stOckholder desiring to sell his stock
| shall first offer the same to the remaining
| stockholders, and shall not be permitted to
| sell same to any person not already stock
holder until he has first rendered the stock to
| the Secretary of this company for the ben eft