The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-04-29
CHARTER
OF THE :
VILOY SUGAR COMPANY.
United States of America,
Parish of st. Mary.
State of I.Ouisiana

State of Louisiana.
/ BE 1T KNOWN: That on this, the 18th
iday Of April, 19ll. before me, Percy Saint,
Il Notary Public, duly commissioned and
Qualified within and for the Parish of st.
Mary, State of Louisiana, and in the pre-
stTce OF the witnesses hereinafter named
and undersigned, personally came and APP
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 :
latlve to the organization OF corporations ,
they have and by these presents do cov-
enant and agree for themselves, their sue.
ce,sors and assigns, and do hereby form
themselves into corporation and body
polite in law fer the objects and purposes
and under the stlpulatiOnS following, to-
wit:
ARTICLEI.
The name and title of this corporation
shall be and is NILOY SUGAR COMPANY,
and it shall have and enjoy succession and
existence for a period or ninety-nne (99)
years from the date hereof; it shall have
the power and authority to contract, to
sue and be sued, and make and use cor
porate sell. and to break and alter same
at pleasure; to hold, purchase, lease, sell, j,
mortgage, hoypothecate or pledge prop
erfy, 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, and to make anu 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 stranger
20 said company; the salary of all officers
OF manager to be fixed by the Board of
Directors.
ARTICLE III.
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 for which this
corporation Is organized and the nature of
the business to be carried on by it are to
manufacture sugar cane into syrup, molass-
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
l
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 Tor
shipping and removing said syrup or re.
ceivlng same, and If 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, it shall also have the
power to bulld 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 a general merchan-
ufslng business.
ARTICLE IV.
The capital stock of this corporation
shall be and is hereby fixed at one Hun
dred Thousand (SlOU, U,OOO. .OU) Dollars. and
shares of the par value of One Hundred
(SlOO.O0) 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 (S4O.>
OOO.UO) 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 q Board of Direct
ors consisting of tive (5) directors, three
t3) OF whom shall constitute a quOrm for
the trasnactiOn of business. Ali of these
directors snail be chosen at the signing of
this charter. The Board of Directors snail
be elected annually from the stockholders
of said company on the first Monday
in February OF each 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 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.
AuV vacancy OccIlrrlnp on the Roar of
Directors shall be filled by the remaining
Board.
ARTICLE vi.
The failure to elect directors or officers
at any given time shall not have the effect
of dlssolving the corporation, but the en-.