The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1908-05-02
CHARTER
OF THE
YOkELY SUGAR COMPANY.
United State s of America,
State of Louisiana,
pnrish OF 81 Ni...N.

: \ \.
Borah, Notary Public, duly conlnissio' q and
qualified within and for the Parish of 81 Mary
| State OF Louisiana, and III presence OF li.t W.T.
nesses hereinafter, named and undef@ i2ned'
| personally came and appeared the persons whose
| names are hcreunto subscribed all OF the tuii
| age Of majority. who severally declared that,
| awaiting themselves OF the laws OF tbs state
relative to the organization OF corporations, they
| have AID by these presents do covenant and
agree for themselves, their successors AMI as
| signs and do hereby form themselves into u
corporation and body polite in law tur the
objects and purposes and under the stipu 'ations
| following, to-Wit
| ARTICLE l.
| The name and title of TIN, corporation all he
| ana is YOkEIY SUGAR COMPANY, and shall
| have and enjoy succession and existence for a
| period of ninety mine 800 years from u r. date
| hereof; it shall have the power and authority to
contract to sue and be sued, and make !: ii Use
! a corporate seal and to break and alter stinc at
pleasure: to hold, purchase lease, sell III image
hypothecate or pledge property, real, ! Hs"liai
| or mixed, necessary and proper Tor It's ~ 'llts>
| to buy and hold stock in other company com
pauies that may assist this corporation III lis
purposes; make and issue notes ami NOR gases'
! to NAME elect and appoint manages, 'li i't"fs
agents oversccrS and clerks; and To make and
establish such bylaws, rules and regulations toi
| the management Of the business and affairs OF
| this corporation may be useful, necessary OF
| colTv enent
| The general manager of his company may be
an officer or stock holder or he, well AS other
employees, may be "A stranger to siid company;
| the salary Of all officers or manager 10 be HNtd
| by the Board of Directors.
ARTICLE III.
The dumcile of this corporation shall be at
Franklin. Parish OF st. Mary, louisiana, =" mere
all citations and other legal processes shall be
served upon the President, or. i'll the absence OF
the President, upon the Vice-Presdent, or in the
| absence of both upon the Secretary OF said com
pany.
ARTICLE III.
The objects and purposes for which tins cor
uoration is organized and the nature of the bust
ness to be carried ON 10y it are to manufacture
sugar cane into syrup. nolasses. sugar or other
by products made from sugar cane: 10 pur
chase build and erect sugar house or
factory suitable for the manufacture OF sugar or
he making of syrup or other byproducfs. 10
carry out the purposes OF this corporation ii 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
tanl. ears for shipping and removing salo syrup
or receiving same. and II necessary 10 Dnio anu
opcratc 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. il shall also have the power to build a pipe
line to connect this factory OF, syrup house with
any sugar manufacturing establishment that II
may desire for the purpose OF transporting the
syrup have the same manufactured INTO sugar
I! 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 ali
sugar cane into syrup and to cause same to be
manufactured into sugar by factory to be erected
by itself to have the same manufactured by
other factories, and shall possess all incidental
powers to carry out these objects OF to manu-
facture any other by.prcduct from sugar cane
''''' - '''''' ARTICLE ".
The capital stock of this corporation shall be
and is hereby fixed at Seyenty-Five Thousand
Dollars (s75, O000o), and shall be and is divided
into seven hundred and fifty (75o) shares of the
par value of One Hundred Dollars (SlG0.o9) 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
Of the capital stock shall have been subscribed
and paid for
All the corporate powers of this corporation |
shall be veste, in Board Of Directors consisting |
of nine (9 directors. five 90 of whom shall con
sttnte 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 |
ter become associated with the present signers. |
The full Board of Directors shall be elected |
annually from the stockholders of said company
on the first ISt } Saturday in March, of each |
year, beginning with the first Sturday in March |
1908, and shall hold their respective offices until
their successors are elected and qualified
All such elections shall be by ballot. and |
each stockho shall be entitled to one vote
for each share of stock standing in his name
on the books of the corporation W hicil vote
shall be east in person or by proxy: and it |
shall require a majority of the stock present
or represented to elect.
No person shall be Il member of the Board |
of Directors OF said company who is not the
holder and owner in his own right of Iuur
shares of the capital stock Of said company.
Any vacancy occurring on the Board of
Directors shall be filed by the remaining
Board
The failure to elect directors or officers at |
any given time shall not have the effect of |
dissolving the corporation, but the cneun
bent directors or officers shall, in such event.
hold office until their successors are elected
and qualified.
All notices Of stock holders meetings shall
be by written notice given ten days in advance
of the meeting except notice to increase the
capital stock OF to alter or amend the charter
shall be given for full thirty days in writing
and by publication in Il weekly paper publish
ed In the Town of Franklin.
ARTICLE VII.
The offices of this corporation shall consist |
of President. a Vice President, Secretary
and Treasurer. The Office of Secretary and
Treasurer may. if desired, be held by one and
the same person. Until the election to be
held on the first Saturday In March, 1909, the
following named persons shall constitute the
first Board OF DIRECTORS, to-wit:
JOUn ~. Dcil, DoTNille IOntIH. HNpDIIte !
Savoe, Gideo RobichauX. Arthur Bccne. |
Emile Lagrange and August Becnel, with |
] Ohm ID. Bell as President; Arthur Olivier as |
Nice-Prcsident August Becnel as Secretary |
and Gideo Robichaux as Treasurer.
ARTICLE VIII
This charter may be amended, modi flied or |
altered or the corporation may be dissolved |
with the assent of three fourths ca 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 stakeholder or mailed to him |
at his last known =. o. address.
ARTICLE IN.
All transfers of stock of this corporation |
must be made on the surrender Of the certt- |
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 |
b4ll and