The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-10
CHARTER.

regulation of its affairs az may be necessary OF
expedient; and to exercise such other incidental
rights and powers as may be conferred upon l!
by the general special laws OF this state, OF o.
the United States, or any thereon.
ARTICLE II.
This corporation chooses the city of New Or
leans in the parish Of Orleans, the place OF Its
domicile. and designates it's President, or in his
abe 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 cult
yate 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 in, and its business shall be
managed by a 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 a 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 I" 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-oficio be members Of
our board.
SEC 2. Said directors, excepting the two ex-
offcio directors allotted to the Julius Robert
Diffusion Process Company, shall be elected an
nually. The first regular election to be held on
H. L. e C,,nl. o1A
shall be by ballot, at the Office of the Company,
and conducted by two commissioners, who shall
preside over the same aod make proper returns
of the counting OF the ballots.
Sec. g. 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
ply the vacancy by appointment.
SEC. A. 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. 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 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
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-
vidua', firm or corporation shall be entitled to
more than two hundred votes.
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 President Vice President, Secretary
and a Treasurer, each of whom shall be chosen
from among the Directors for the time be ny.
Their duties shall be such 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.
snch clerks assistants or amnioyeas % nv ha
deemed necessary for the purposes of the com.
panv. and remove same at pleasure. and shall
tx the salary and conversation of ali officers and
EMPLOYEES of the COMPANY. and the amonnt Of
bond fo he reouired ~ anv officer emnlovae or
agent.
SEC. The Board NAV also delepate snch
mower in the transaction Of the ordinary hns
IF the comnany as thew NAV deem exnedient to
,ommittees of their own body or to officers or
EMPLOYEES or agents. in or ont of the state.
SEC s. The board shall have authority IN
,nact bv.laws and to adopt a cornorate seaI Yor ]
;he COMPANY.
ARTICLE VII |,
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