The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-02

CHARTER.

-AeNO
CHARTER.
regulation of it's affairs as may be necessary OF
= expedient; and to exercise such other incidental
, rights and powers as may be conferred upon II
by the general or special laws of this State, or Of
I the United States, or any thereof.
ARTICLE II.
This corporation 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 ence, the Vice President, as the officer on
whom citation or other legal process, or notice
may be served.
| 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 Guilt
vate such corn and other incidental products as
may be required to facilitate the production of
cane, and further to construct cause to be con-
structed and applied the machinery and appara-
tus necessary to the manufacture Of cane sugar
as above.
ARTICLE ".
Sec. l. AL the corporate powers of the Com
pany shall be vested in, and its business shall be
managed by Board Of Directors consisting of
nine 10y 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
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 "Jl-
| 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-oficio be members of
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 stockhold-
ers at least ten Q0) 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. s. 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 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 ma jority of the board duly elected, it
tha 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.
porarily in his absence another stakeholder to fill
his place; provided, such substitute has the |
qualifications required for director.
SEC. 8. 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. 1 The officers of this company shall con-
sist of q President, Vice President, a Secretary
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. q 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 8. 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
employees 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 expedlent 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.
SEC. 1. The following named stockholders shall
compose and are hereby constituted the first
5oard of Directors and officers of this company
Until the first regular election, provided for in
article ~, to wit:
THOS. TAsKER. ................vi Vice President
:. SEiG ...-.........I Treasurer
J. G. JOHNSON,
:. W. LABOUu,SE,
/. SCHULTZ, Directors at Large.
|. MITCHELL,
4. S. BRINGIER. I
Sec. 2. They shall be called together by the I
-
ne week from the date Of this act, and said first
'oard shallshave 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 THOU SAND
COLLARS (sl00,000), represented by one thou
md shares Of ONE HUNDRED DOLLARS
b100) each.
By previous agreement between the parties r
We hundred $500 shares are hereby assigned to /
le Julius Robert Diffusion Process Company"
nd are considered as full paid stock.
The other five hundred (50O) shares are re-
lined as property of the Company and open
subscription, at such time as the Board of
irectors may by resolution determ ne, the full
mount Of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate Of stock shall be issued r.
It'll the same is paid in full.
ARTICLE TX.
Books for the registry and transfer Of stock
all be kept at the Office of the Company, sub ~