The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-25
CHARTER.
STATE OF LOUISIANA.

III STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF New ORLEANS
BE IT KNOWN, that, on this Eighteenth day
OF the month OF June, in the year Of our Lord
one thousand eight hundred and seventy-tive
aud OF the Independence of the United States Of
America the ninety ninth,
Before me, JOHN G. EUSTIS, q Notary Pub
lie, in and for this City and Parish Of Orleans,
State OF Louisiana, duly commissioned and quail
fed, and in the presence OF the witnesses here
matter named and undersigned,
Personally came and appeared the parties
whose names are hereuntO subscribed, acting To-
themselves and those whom they represent, as
IcorporatOrs, and for such other persons as may
become associated with them by succession. pur-
chase, transfer, or subscription, who seVerally
declared, that, awaiting themselves OF the pro-
visions Of the laws OF the State OF Louisiana, re-
lative to the organization OF Corporations for
works Of public improvements and for other pur-
poses, they have coyenanted and agreed, ana do
by these presents covenant and agree to form
themselves into and cons itute corporation
under the following articles, which they adopt as
'''0'N 0'''' w. ARTICLEE
The name Of this corporation shall be the
FIRST CENTRAL DIFFUSION SUGAR MAN
UFACTURING COMPANY, and by that name it
shall have power and authority
! First To have and enjoy succession for the
period OF twenty five years.
| Second. To contract sue and be sued.
Third 10 make and use a corporate seal.
Fourth. To hold, receive, purchase, and con-
vey property, real and personal
| Fifth. To name and appoint such managers,
directors and officers as its interest and con-
yenence may require.
Sixth. To establish, make, alter or amend
| such b laws for the proper management and
regulation of it's affairs as may be necessary or
expedient; and to exercise such other incidental
rights and powers as may be conferred upon it
by ths general special laws of this state, or Of
the United States, or any thereof.
ARTICLE H.
This corporation chooses the city Of New Or
leans in the parish Of Orleans, the place Of its
domicile and designates it's President, or in his
abs ence, the Vice President, as the officer on
whom citation or other legal process or notice
may be served.
ARTICLE III.
The object and purpose Of this Corporation,
and the nature of the business to be carried on
by it, shall be the manufacturing of cane sugar
through the julius Robert Diffusion Process
from cane to be bought, or raised on the Com
panys own or rented lands, it being understood
that this Corporation may also raise and cult
vate such corn and other Incidental products as
may be required to facilitate the production Of
cane, and further to construct or cause to be con-
structed and applied the machinery and appara-
tus necessary to the manufacture OF cane sugar
as above.
ARTICLE ".
Sec. l. All the corporate powers of the Com
pany shall be vested in, and its business shall be
managed by Board Of Directors consisting Of
nine (9) members, each Of whom must be a
stakeholder, holding in his own name or the
name of the firm OF which he is member, not
Jess than five shares OF the capital stock of the
Company; provided, that no two or more men,
bers IF the same firm sha at the same time hold
seats on the board, except as regards the ''Ju.
Illus Robert Diffusion Process Company" which,
on account of special concession made to this
Company, shall be entitled to two representa-
tives, to be chosen by them from their board Of
directors and who shall ex.officio be members of
Cur board.
SEC. 2. Said directors, excepting the two ex-
officio directors allotted to the julius Robert
Diffusion Process Company, shall be elected an
nually. The first regular election to be held on
the first Monday of April, 1876. Such election
shall be by ballot, at the Office of the Company,
and conducted by two commissioners, who shall
preside over the same and make proper returns |
of the counting of the ballots.
SEC. 3. Said commissioners Of election shall be |
elected by the board from among the stcckhold- |
ers ct least ten l0) days previous to the day of
election, and should either of them decline or
fail to attend in time, the President of the Board
or If he be not present at the opening Of the |
poll, any other officer of the Company may sup |
ply the vacancy by appointment.
SEC. 4. The Board Of Directors shall cause pub |
Lie notice of each election to be given by the Sec
rotary, at least two weeks in advance, by publ |
cation in one newspaper issued daily in this city |
Sec. 5. failure to elect the directors on the |
day named for that purpose, shall not dissolve |
the corporation, but the directors then in Office
shall hold over until their successors are elected
and qualified, and when such failure shall occur,
it shall be the duty of the President forthwith to
order an election to take place thereafter on
giving notice thereof as above provided.
SEC. g. The directors elected shall take their
seats on the Monday next following the election.
When majority Of the board are duly elected it
hall not be necessary to hold further elections to
Ill up the vacancies but said vacancy shall be
supplied by election made by said majority.
SEC. z. When q director absents himself. it
porarily in his absence another stockholder to fill
lis place; provided, such substitute Ihas the
qualifications required for director.
Sec. s. Eye members shall constitute
quorum.
At all elections. and on all questions submitted
o a general meeting Of stockholders each stock
holder shall be entitled to as many votes as he
nay have shares, ard may cast such votes either
n person or by proxy; provided, that no indi-
ldua, firm or corporation shall be entitled to
more than two hundred votes.
A plurality of votes shall be sufficient to elect
nd decide all questions, except when otherwise
equired by law or by this charter.
ARTICLE vi.
Sec The officers of this company shall con-
list Of President, Vice President, Secretary
md Treasurer, each of whom shall be chosen
heir duties shall be such as appertains to the
atufe of their Office or may be- defined in the
y-laws.
SEC. 2. They shall be elected in the order in
1hich they are above enumerated by the Direc-
ore, at their first meeting after each general
lection.
Sec. 3. The Board of Directors may appoint
UGH clerks, ASSISTANTS or employees as may be
eemed necessary for the purposes of the COM
any, and remove same at pleasure. and shall
x the salary and compensation OF all officers and
Employers of the company, and the amount of
ond to be required Of any officer, employee or
gent.
SEC. 4. The Board may also delegate such
I the company as they may deem expedlent to
ommttees of their own body or to officers or ,
Employees or agents. in or out of the State.
SEC. 5. The Board shall have authority to
nact bylaw and to adopt corporate seal for
he company. ,
ARTICLE VII.
SEC. /. The following named stockholders shall
ompose and are hereby constituted the first
'oard OF Directors and officers Of this company