The New Orleans bulletin., 1875-09-03
CHARTER.

CE1ARTER.
| ~N0|~~O~~~~~~~~~~~~~~~~
J such by-laws for the proper management an
regulation of its affairs as may be necessary {
expedient; and TO exercise such other incidents
rights and powers as may be conferred upon
by the general or special laws of this State, or
the United States, or any thereof
ARTICLE II.
This corporation chooses the city Of New On
leans, in the parish Of Orleans, as the place of it
domicile, and designates it's President, or in hi
abs ence, the Vice President, as the officer O.
whom citation or other legal process, or motto
may be served.
ARTICLE III.
The object and purpose of this Corporation
and the nature of the business to be carried OF
by it, shall be the manufacturing of cane suga
| 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 cult
vate such corn and other incidental products al
| may be required to facilitate the production O.
cane and further to construct or cause to be con
structed and applied the machinery and appsra
| tus necessary to the manufacture Of cane sugar
| as above.
ARTICLE ".
Sec. 1. All the corporate powers of the Com.
pany shall be vested in, and its business shall be
managed by a Board Of Directors consisting o1
nine (9) members, each of whom must. be a
stockholder, 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 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
our board.
SEC. Q. Said directors, excepting the two ex-
oficio 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 Gay of
election, and should either of them decline or
fail to attend in time, the President of the Board
or ii he be not present at the opening of the
poll, any other officer Of the Company NAV SUD-
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
retary, at least two weeks in advance, by publ
cation IN one 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, Oh
giving notice thereof as above provided.
SEC. g. The directors elected shall take their
seats on the Monday next following the election. |
When ajority 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. 7. When a director absents himself, it |
Will be in the power Of the board to appoint tenn
,orariy in his absence another stock holder to fill
lis place; provided, such substitute lhas the |
qualifications required for a director
SEC. 8. Five members shall constitute |
Quorum.
ARTICLE Y.
At all elections, and on all questions submitted
o general meeting of stockholders, each stock
Older shall be entitled to as many votes as he
nay have shares, and may cast such votes either
q person or by proxy; provided, that no indi-
iduai, firm or corporation shall be entitled to |
lore than two hundred votes.
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-
st of President, Vice President, Secre tary
nd Treasurer each OF whom shall be chosen
ON among the Directors for the time be n.y.
heir duties shall be such as appertains to the !
ature Of their Office or may be defined in the
y-laws.
SEC. 2. They shall be elected in the order in ]
hlch they are above enumerated by the Direc- ]
RS, at their first meeting after each general L
eetion. !
SEC. g. The Board of Directors NAV appoint L
lch clerks, assistants or employees as may be
eemed necessary for the purposes of the COM ,
my, and remove same at pleasure. and shall Z
< the salary and compensation OF all officers and
Lployefs OF the company, and the amount of
md to be required of any officer, employee or r
rent.
SEC. T. The Board may also delegate such L
'wer in the transaction of the ordinary business
the company as they may deem expedlent to S
mmittees OF their own body or to officers or
nployees or agents. in or out of the State. n
Sec 5. The Board shall have authority to =
act bylaws and to adopt corporate seal for Z
g company.
SEC. 1. The following named stockholders shall
impose and are hereby constituted the first
ard Of Directors and officers of this company
til the first regular election, provided for in IL
ticle ~, to wit:
hRAIL.. ..Pres1dent
los. TASKER. Vice President
r FLA JaNiN sfeasarer seersaarr
G. JOHNSON, |
W. LABOUnSE Oh
SCHULTZ, Directors at Large.
s. BRINGIER. F.
EC. lucy SudlI Dc Cdlitu tUSSbU0I Dy bUo IT
'sident and shall proceed to organize within -
week from the date of this act, and said first
ard shall have and exercise all the powers
elm vested in the Board OF Directors and Off
8 of this company.
ARTICLE VIII.
&c. 1. The Capital Stock of this company is
eby fixed at ONE HUNDRED THOUSAND
LIARS (s100,000), represented by one thou
shares Of ONE HUNDRED DOLLARS
)0) each.
y previous agreement between the parties r,
hundred (500) shares are hereby assigned to r
Julius Robert Diffusion Process Company"
are considered as full paid stock.
be other five hundred (500) shares are re-
ed as property of the Company and open
ubscriphon, at such time as the Board of
ctors may by resolution determ ne, the full
unit of each share to be paid for in cash upon
cribne therefor.
q No ce1fifinata Of stool, ohio ho ias,,nd |