The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-06
CHARTER.

CHARTER.
q such bT-laws for the proper management an
8 regulation of its affairs as may be necessary .
: expedient, and to exercise such otner lncldenea
by the general special laws OF this State, OF
the United States, or any thereof.
d ARTICLE IL
This corporate chooses the city Of New Or
leans in the parish of Orleans, as the place OF ~
domicle, and designates its President, or IN nj
, abs ence, the Vice President, as the ofi1cer Oh
whom citation or other legal process, or notice
may be served.
II The object and purpose Of this Corporation
J and the nature of the business to be carried OF
by it, shall be the manufacturing of cane suga
T through the julius Robert Diffusion Process
from cane to be bought, or raised on the Com
{ pany's own or rented lands, it being understood
that this Corporation may also raise and culti
, vate such corn and other incidental products al
may be required to facilitate the production o.
cane and further to construct OF cause to be CON
structed and applied the machinery and appara-
tus necessary to the manufacture Of cane sugar
rs above.
ARTICLE ~.
Sec. /. All the corporate powers of the Com.
pany shall be vested in, and its business shall be
| managed by q Board Of Directors consisting d
stakeholder, holding in his own name or the
name Of the firm OF which he is member, not
less than five shares OF the capital stock OF the
Company /; provided. that no two or more men,
bers Of the same firm shall at the same time hold
seats on the board, except as regards the Jul
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
our board.
| SEC O. 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. 8. Said commissioners of election shall be
elected by the board from among the stockhold-
ers at least ten (10) 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 newspaper issued daily in this city.
Sec 5. A failure to elect the directors on the
day named for that purpose. shall not dissolve
the corporation, but the directors then in Office
enAll nOlO over untu tQer successors are eIeCteQ
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
shall not be necessary to hold further elections to
fill up the vacancies, but said vacancy shall be
supplied by election made by said majority.
SEC. Z. When director absents himself, it
"a n n In tam
porariy in his absence another stakeholder to fill
his place; provided, such substitute has the
qualifications required for director.
Sec. 8. Five members shall constitute =
quorum.
ARTICLE V.
At all elections, and on all questions submitted
to general meeting of stockholders, each stock
holder shall be entitled to as many votes as he
may have shares and may cast such votes either
in person or by proxy; provide that no indi- |
more than two hundred votes.
A plurality of votes shall be sufficient to elect
and decide all questions, except when otherwise |
required by law or by this charter. "a "a
a ARTICLE. W.
SEc.1 The officers OF this company shall con-
sist ola President. Vice President, Secretary
and a Treasurer, each of whom shall be chosen |
from among the Directors for the time be ng |
Their duties shall be such as appertains to the |
nature of their office or may be- defined in the
bylaws. a
SEC. 2. They shall be elected in the order in |
which they are above enumerated by the Direc-
tors, at their first meeting after each general
election.
SEC. g. The Board of Directors NAV appoint
such clerks, assistants or employees as may be
deemed necessary for the purposes OF the COM
pany, and remove same at pleasure, and shall
fix the salary and compensation OF all officers and
eu ployees OF the company, and the amount of
bond to be required Of any officer, employee or
agent.
SEC. 4. The Board may also delegate such
power in the transaction Of the ordinary business
OF the company as they may deem expedent to
committees 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
enact bylaws and to adopt corporate seal for
ARTICLE VII.
SEC. 1. The following named stockholders shall
compose and are hereby constituted the first
Board Of Directors and officers of this COMPANY
until the first regular election, provided for in
1rticle ~, to wit:
CHOe. TASKER. ..........V Vice President
H. SClU.. Treasurer
\. T. JANIN. Secretary
J. G. JOHNSON,
!. w. LABOUisSE, Q
1. SCHULTZ, - Directors at Large.
|. MITCHELL.
4. S. BRINGIER,
SEC. 2. They shall be called together bv the ).
resident snd Shall proceed to organize within :
ne week from the date Of this act and said frat
'oard shall have and exercise all the powers
erein vested in the Board of Directors and Off
ers Of this company.
ARTICLE VIII.
Sec 1. The Capital Stock OF this COMPANY is
ereby fixed at ONE HUNDRED THOUSAND
OLEARS ($l00, 000), represented by one thou
md shares OF ONE HUNDRED DOLLARSI
F1OO( each.
By previous agreement between the parties r
We hundred (500) shares are hereby assigned to
le Julius Robert Diffusion Process Company
I'd are considered as full paid stock.
Inc other i've hundred (500) shares are re-
subscription, at such time as the Board of
rectors may by reso ution determ ne, the full,
mount OF each share to be paid for in cash upor,
bscribing therefor
SEC 2. No certificate Of stock shall be iasued Z,
It'll the same is paid ia full
ARTICLE TX.
Books for the registry and transfer of stock
ha cfi, "a oF N