The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1911-05-20
CHARTER
OF THE
IILOY SUGAR COMPANY.
United States of America,
Parish of st. Mary.
Sfata of nni-,i,o,

Il 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 APP
peared the persons whose names are here
unto subscribed, all of the full age of ma =
JOrlty, who seyerally declared that, avail
ing themselves Of the laws Of this state re :
latve to the org inizati0n 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 a corporation and BODY
polite i'll law for the objects aud purp oses
and under the stipulations following, to-
w.t.
ARrICLEI.
The name and title of this corporation
shall be and is VILoY SUGAR COMPANY.
ana 1t shall have and enjoy succession and
existence for period or 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
porate seal, 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, and 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. a.
well as other employees, may be a stranger
60 said company; the salary OF all officers
OF manager to be fixed by the Board of
! Directors.
ARTICLE Ii.
The domiclle 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 Nice-Presldent, or, IN the absence of
both, upon the Secretary of said company.
ARTICLE LII.
TheObJects 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, 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. 70 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 ears Tor
shipping and removing said syrup or re-
celvlng 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
of
syrup to have the same manufactured into
sugar.
ltshall also nave the power and authority |
to manufacture table syrup and to can. |
bottle or otherwise prepare same for the
market and sell ana dispose of same at
wholesale or retail. In fact said company |
shall have power to do all things and |
everything necessary to manufacture SUI
gar cane into syrup and to cause same to |
he manufactured into sugar by factory to
be erected by itself or tv have the same |
manufactured by ether factories. and
shall possess all incidental powers to car
ry out these objects or to manufacture any
other y-product from sugar cane that IL
may elect. and to do general merchan-
dislng business.
ARTICLE
The capital stock OF this corporation
shall be and is hereby fixed at One Hum
dred Thousand (Sl0U,OO0.OO) Dollars, and
shall be and is divided into One Thousand
shares OF the par value of One Hundred
lSlOO.0O) Dollars each. The full amount
Of each share OF stock shall be paid for in
cash or its equivalent in property of labor
1T the time the stock is issued and deliver.
ed, and no stock shall be issued and de-
llyered until fully paid for as herein de-
slgnated.
This company shall be considered as
1ulIy organized and authorized to begin
business as soon as Forty Thousand (S40,>
O0O.UU) 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.
ors consisting of five (5) directors, three
~ OF whom shall constitute a Quorm for
the trasnaction of business. All 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 or each year beginning with
the tlrst 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
light of four shares of the capital stock OF
sald company.
Any vacancy occurring on the Board of ,
Directors shall be filled by the remaining
Board.
ARTICLE vi.
The failure to elect directors or officers
It any gwen time shall not have the effect
II dlssolving the corporation, but the en-.
;umbent director or officers shall, in such
went, hold office until their successors are
elected and qualified.