The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-06-10
CHARTER
OF THE
VILOY SUGAR COMPANY.

United States of America,
Parish of st. Mary.
| State of Louisiana.
BE 1T KNOWN: That on this, the 18th
day Of April, 1911, before me, Percy Saint
Notary Public, duly commissioned and
qualified within-and for the Parish of st
Mary, State of Louisiana, and in the pre-.
sence Of the witnesses hereinafter named
and undersigned, personally came and ap-
peared the persons whose names are here
unto subscribed, all Of the full age of ma
jority, who severally declared that, avail
| ing themselves Of the laws OF this state re
iatIve to the organization of corporations,
they have and by these presents do COW
enant and agree for themselves, their sue.
cessors and assigns, and do hereby form
| themselves into corporation and body
polite in law for the objects and purp oses
and under the stipulations following, to-
wit:
ARTICLE I.
The name and title Of this corporation
shall be and is VILOY SUGAR COMPANY,
and it shall have and enjoy succession and
existence for period OF ninety-nine 1897
years from the date hereof; it shall have
the power and authority to contract, to
sue and be sued, and make and use cor
p0rate Sc IL, and to break and alter same
at pleasure; to hold, purchase, lease, sell :,
mortgage, hoypOthecate or pledge prop
erty, real personal or mixed, necessary
and proper for its business; to buy and
hold stock in other company or companies
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, aud to make and establish such by
laws, rules and regulations for the man
agement 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 u stranger
20 said company; the salary OF all officers
OF manager to be fixed by the Board of
Directors.
ARTICLE Ii.
The dOmicile Of this corporation shall be
at Franklin, Parish of st. Mary, Louisiana,
where ali citations and other legal pro-
cesses shall be served upon the PRESIDENT,
or in the absence of the. President, upon
the Vice-Presldent, or, In the absence Of
both, upon the Secretary OF said company
ARTICLE ILL.
The objects and purposes TOR which this
corporation is organized and the nature of
the business to be carried on by it are to
manufacture sugar cane into syrup, moiass-
es, sugar or other by-products made from
sugar cane: to purchase, build and erect a
sugar house 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 re-.
ceiving same, and il necessary to build and
operate railroads or tram roads or to tran
sport cane or other by-products by boat or
any other means; to connect with said fac
tory or syrup house, 1t shall also have the
power to build q pipe line to connect this
factory or syrup house with any sugar
manufacturing establishment that it NAV
desire for the purpose of transporting the
syrup to have the same manufactured into
sugar.
ltshall 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 su.
gar 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 car
ry out these objects or to manufacture any
other by-product from sugar cane that 1t
may elect, and to do q general merchan-
disIng business.
ARTICLEIV.
The capital stock of this corporation
shall be aud is hereby fixed at One Hun.
dred Thousand ($lOO,OOO.OO) Dollars, and
shall be and is divided into One Thousand
shares of the par value Of One Hundred
($1OO.OO) Dollars 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 de-
livered until fully paid for as herein de.
signated.
This company shall be considered as
fully organized and authorized to begin
business as soon as Forty Thousand ($4O,>
OOO.OO) Dollars of the capital stock shall
have been subscribed and paid for.
ARTICLE V.
All the corporate powers of this eOrpOr.
alton shall be vested in Board of Direct
DIS consisting of five (5) directors, three
t3) of whom shall constitute quOrm for
the trasnaction of business. Ali of these
directors shall be chosen at the signing of
this charter. The Board of Directors snail
be elected annually from the ckholders
Of said company on the first Monday
IN FEBRUARY OF eacn year beginning with
the first Monday in February, 1872, 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 it shall require a majority of
the stock present or represented to elect.
No person shall be a member of the
Board of Directors of said company who
Is not the holder and owner in his own
right Of four shares of the capital stock of
said company.
Any vacancy occurring on the Board of