The St. Mary banner., 1911-05-06
CHAR Err
OF THE
IiLOY 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 NE, 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 APP
peared the persons whose names are here
unto subscribed, all of the full age of ma
iority, who seyerally declared that, avail
ing themselves of the laws of this state re-
latIve 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 purposes
and under the stipulations following, to-
wit:
ARTICLEI. I.
The name and title of this corporation
| shall be and is NILOY SUGAR COMPANY,
and it shall have aud enjoy succession and
| existence tor period OF ninety-nine (y9)
wears from the date hereof; it shall have
i the power aud authority To contract, to
sue and be sued, and make and Use cor
porate Sc II, and to break and alter same
at pleasure; to hold, purchase, lease, sell.
| mortgage, nOypothecate or pledge prop
erty, real, personal Or mixed, necessary
and proper for its business; TO buy and
hold stock in other company or companies
llaL may assist lulS COTpOTdllJn III It's
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 thus
corporation as may be useful, necessary or
convenient.
The general manager of this company
may be an officer or stockholder or he, as
well as other employees, may be Il stranger
10 said company; the salary OF all officers
OF manager to be fixed by the Board of
Directors.
ARTICLE Ill.
The domIcile of this corporation snail be
at Franklin. Parish Of St.-,I ay, Louisiana,
where ali citations and other legal pro-
ce,ses shall be served upon the PRESIDENT
OF III the absence of the President, upon
the Vice President, or, IN the absence of
both, upon the Secretary of said company.
ARTICLE lii.
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-producIs made from
sugar cane: to purchase, build and erect Il
sugar house or factory suitable for the
manufacture OF sugar or the making of
syrup or other y-products. 70 carry out
the purposes OF this corporatlon, it shall
U-Ne pow tI duu dutHOIlty W Duy, sell anu
lease real estate and cultivate the same, o.
to have the same cultivated by lease or
otherwise; to buy sugar G he Irom sugar
cane growers. to purchase tank cars Tor
shipplrg and removing said syrup or re-
"eivIng same, and IL necessary to build and
operate railroads or tram roads or to tran :
sport cane or other by-products by boat or
a ny other means; to connect with said fac
tory OF syrup house, II shall also have the
power to bulid pipe line to connect this
tac ,ory OF syrup mouse with any sugar
manufacturing establishment that it may
,esire for the purpose OF transporting the
syrup to have the same manu- actured into
sugar
lLshall also have the power and authority
to manufacture cable syrup and To can,
bottle or otherwise prepare same for the
market and sell ana dispose OF same at
wholesale or retail. In tact said company
shall have poWe to do all things and
everything necessary to manufacture SUI
gar cane into syrup ana TO cause same 10
be manufactured INTO sugar Dy factory to
be erected ny luselt Or ~ nave The same
II nuti ctured by other factories, and
shall pos, ess all incidental powers To car :
ry out these OBJ sects or TO Manufacture any
other by product from sugar cane unat IL
III Y elec,. and 10 do general merchan.
dIslng business.
ARTICLE ".
The capital stock of this corporation
!, shall be aud is hereby fixed at One Hun
dred Thousand (SlUU,O0O.U0D Dollars, and
shall be and Is divided II to One Thousand
shares Of the par va ue of One Hundred
(9lOOv) Dollars each. The full amount
of e. ch share OF stock shall be paid tor in
cash OF Its equivalent In property of labor
at the time the stock is Issued and deliver.
/, and no stock shall be Issued and de-
liyered until fully p Id for { herein de-
. aignated.
hi compeny shall be considered a.
fully organized and authorized to begin
business as oun For-y Thousand (S4O.'
LW.tU DoIlars OF the capital sock snal
! have been subscribed ana paid for.
ARTICLE Y.
All the corpora e powers of this eorpor.
alton shall be We ted i'll Board of Direct.
ots col ,lsting OF live (5) directors, three
t3) O. whom shall constitute Il quorm fol-
the trasni ction of bus ness. All of these
directors snail be ct osen at the signing o
this ch -rter. Ihe Board of Directors snal
be elected annually from the Stockholders
) OF III Ompany Oh the first MOnda,
! in February OF each year beginning witt
the first Monday in February, 1872, ant
sh ii hold II elr respective offices unit
their success. ors are elected and qualified
All srch elections shall be by ballot, ant
each stockholder snail be entltled 10 on
vote for each share OF stock standing In hi
II ne on the books of the corporation
4 W .lch vote shall be cast Ill person or b,
|. proxy, ard it shall require majority o
the STOCK presen or represented u elect.
:. No per,on sh III be Il member of tn
Board of Directors of said company VIII
T is not the holder and owner in his owl
right of four shares of the capital stock 0
/ | SAID company.
' Any vac ncy occurring on the Board @
Directors shall be filled ny the remainin
4 Ioar..
ARTICLE vi.
The failure to elect directors or officer
at any give time shall not have the ellie,
! of dIssolvlng the corporation, but the ell
? cumbent director or officers shall, in sue