The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-28
CHARTER.

CHARTER.
, such bs-laws for the proper management and
: regulation of its affairs may be necessary or
expedient and to exercise such other incidental
rights and powers as may be conferred upon it
by the general special laws of this State or OF
the United States, or any thereof.
ARTICLE II.
This corpora ton chooses the city of New Or
leans in the parish of Orleans as the place of its
domicile, and designates its President, or in his
abs nce, the Vice President, as the officer on
whom citation or other legal process, or notice
may be served.
i 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
pany's own or rented lands, it being understood
that this Corporation may also raise and cultl-
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. 1. All the corporate powers of the Com
pany shall be vested ill., and its business shall be
managed by Board of Directors consisting of
nine ~ members, each of whom must be
stakeholder, holding in his own name or the
name of the firm OF which he is a member, not
less than five shares Of the capital stock of the
| Company; provided, that no two or more mem
bers Of 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-ofticio be members of
our board.
| SEC. 2. Said directors, excepting the two ex-
officio directors allotted to the Julius Robert
| Diffusion Process Company, shall be elected
nuallv. 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 stockhold-
ers at least ten (10 days previous to the Gay of
| election. and should either of them decline
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
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. 6. 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. 7. When a director absents himself, it
will be in the power of the board to appoint tenn
porary in his absence another stakeholder to fill
his place; provided, such substitute has the
qualifications required for director.
SEC. s. Five members shall constitute a
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; provided, that no indi-
vidual, firm or corporation shall be entitled to |
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.
ARTICLE VI
Sec The officers of this company shall con- |
sist Of President, Vice President, Secrt tary
and Treasurer, each of whom shall be chosen |
from among the Directors for the time be ns. |
Their duties shall be such as appertains to the |
nature of their office or may be defined in the |
bylaws.
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 may 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
employers 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 expedient 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
the company.
ARTICLE VII.
Sec. l. 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 III
Article ", to wit:
o. KRATZ. ACKNOWLEDGEMENTS President
THOS. TASKER. Vice President
A. T. JANIN. Secretary
G. G. JOHNSON,
J. W. LABOUHSE,
FL. SCHULTZ, Directors at Large.
A. MITCHELL,
NJ. s. BRINGIER.
Sec. 2. They shall be called together by the
President and shall proceed to organize within
one week from the date of this act and said first
herein vested in the Board Of Directors and Off
GERS of this company.
ARTICLE VIII.
Sec. 1. The Capital Stock of this company is
hereby fixed at ONE HUNDRED THOU SAND
DOLLARS (s100,000) represented by one thou
sand shares of ONE HUNDRED DOLLARS
,S1O0) each.
BY previous agreement between the parties
i've hundred (500) shares are hereby assigned to
he "Julius Robert Diffusion Process Company"
md are considered as full paid stock.
The other five hundred (500} shares are re-
aimed as property of the Company and open
% subscription, at such time as the Board of
Directors may by reso ution determ ne, the full
lmount of each share to be paid for in cash upon
therefor
SEC. 2. No certificate Of stock shall be issued :
Until the same is paid in full.
ARTICLE TX.
Books for the registry aud transfer of stock
hall be kept at the Office of the Company, sub !
ect to the by laws. All transfers of stock shall
,e made on the said books and signed by the
ransferror or his attorney in fact, which books