The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-22
CHARTER.

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
the company.
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
Article w., to wit:
THOs. TAsKER. Vice President
Il. SEJG. ..................... treasurer
A. T. JANIN. Secretary
c. G. JOHNSON,
J. W. LABOUl,SE,
II. SCHULTZ, ....-Directors at Large.
A. MITCHELL,
NJ. s. BRINGIER.
Sec. q 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
Board shall have and exercise all the powers
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 THOUSAND
DOLLARS ($100, 000), represented by one thou
sand shares Of ONE HUNDRED DOLLARS
(S100) each.
By previous agreement between the parties
five hundred 5000 shares are hereby assigned to
the Julius Robert Diffusion Process Company,
and are considered as full paid stock.
The other five hundred (500) shares are re-
tanned as property of the Company and open
to subscription, at such time as the Board OF
Directors may by resolution determ ne, the full
amount of each share to be paid for in cash upon
subscribing therefor.
SEC. 2. No certificate Of stock shall be issued
until the same is paid in full.
ARTICLE TX.
Books for the registry and transfer OF stock
shall be kept at the office of the Company, sub,
ject to the by laws. All transfers OF stock shall
be made on the said books and signed by the
transferror or his attorney in fact, which books
the Directors may close as often as convenience
or expediency may require, and for period not
exceeding thirty days No transfer OF less than
one full share of stock shall be permissible.
ARTICLE X.
No stakeholder in this corporation shall ever
be liable or responsible for the contracts or faults
of the corporation beyond the amount OF his
stock.
1t shall be the duty OF the President to call a
general meeting OF the stockholders whenever
called upon to do so by vote Of the board, or
written request of a number of stockholders,
representing at least one-fifth of the Capital
Stock of the Company, and it shall be his duty
to convene the Board of Directors at any time
upon the written request of two Directors.
ARTICLE XII.
In consideration of the five hundred $500
shares allotted to the "Julius Robert Diffusion
Process Company" as stated in Article VIII,
thew turn over to this Company the two diffusion
apparatus and all other machinery owned by
them and now lying at Southwood and Belle
Alliance Plantations, and renounce their royalty
on all sugar and molasses that may be made by
this Company, and they bind themselves and
their heirs to execute, acknowledge and deliver
to the said Company such deeds, writings or
other instruments as shall or may be necessary
to effect in due form to said Company the sale
and remuneration above stated.
ARTICLE XIII.
1t shall be lawful for the stockholders of this
corporation, at a general meeting to be convened
for that purpose, after fifteen days notice, pub
ished in one ne yspaper of this city, to increase
the capital stock OF this Company to any amount
not exceeding five hundred thousand dollars
$500, 000), and TO make any notifications, add
lions or changes in this act of incorporation, or
to dissolve the Company with the assent of
meeting. Such modification, addition change or
dissolution shall be recorded as required by
law.
Whenever the dissolution of the company shall
take place either by the limitation OF its charter,
the vote Of the stockholders, as provided in the
foregoing section, or otherwise, its affairs shall
be Immediately placed in liquidation under the
charge of two commissioners appointed by the
Board of Directors. SAID commissioners shall
be solvent persons not indebted to the company,
and residents of New Orleans.
They shall remain in Office until the final iqui-
dalton of the affairs of the company and the dis
tribution of the surplus funds among the stock
holders.
Their compensation shall be fixed before their
election, and shall not exceed two and half
per cent (2L per cent? of the assets realized by
them and in case of a vacancy occurring from
any cause whatever, the remaining or surviving
commissioners shall Immediately appoint another,
otherwise any court OF general civil jurisdiction
in the parish of Orleans may make such appoint
ment, on the petition of any three stockholders.
ARTICLE XIV.
The fiscal year OF this company shall end on
the first day of March IN each year. On that day,
or as soon thereafter as practicable, the books
of the company shall be balanced and general
statement of its affairs be prepared and submit
ted to the stockholders, for fifteen days preced-
ing such election OF directors.
Thus done and passed at my Office in New Or
leans in the presence of Andrew J. Arm strong
and Fred. Stansbury, lawful witnesses residing
III this city, who have hereunto signed their
names as such, with said appearers and me, said
notary, on the day, month and year herein first
written. after reading the whole.
Original signed.)
JNO. W. LABOUIsSE.
r. sIEG,
Il. G. CAMMACk,
VICTOR MEYER,
s. z. RELF,
T. l.. AIREY & CO.,
OTTO KRATZ,
A. J. ARMSTRONG,
F. STANSBURY,
J. G. EUSTIS,
Notary Public.
/, the undersigned Deputy Recorder of Mort
cages, in and for the parish of Orleans and city
of New Orleans, do hereby certify that the within
and foregoing Act Of Incorporation was this day
duly recorded in my Office, according to law, in
B. l18, folios 6l8, GIG, 620, 62l. 622 and 623.
New Orleans La, June u, 1875.
(Signed) G. DARCANTEL,
Deputy Recorder.
l certify the above and foregoing to be cor.
rect copy Of the original Act of Incorporation
and certificate Of recordation thereof extant in
my current register.
In faith whereof, grant these presents under
my hand and the impress of my official seal, this
Oath day of June, A. D. 1875.
j. G. EUSTIs, Notary Public.
je25 jy2 9 16
EMILE GAMET,