The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-14
CHARTER.

p |
, such bv-laws for the proper management an'
, regulation of it's affairs as may be necessary
: expedient and to exercise such other incidenta
|, rights and powers as may be conferred t"on
by the general or special laws of this stale OF
the United States, or any thereon.
ARTICLE III.
This corporation chooses the city OF New Or
leans in the parish OF Orleans, as the place OF Ia
domicile, and designstes its President, or IN his
abs ence the Vice President, rs the officer OF
whom citation or other legal process, or notice
may be served.
ARTICLE III.
The object and purpose of this Corporation,
and the nature of the business to be carried on
Dy 1t, snail lie the manufacturing OF cane sugar
! through the julius Robert Diffusion Process,
| from cane to be bought, or rased on the Com
| pany : own or rented lsnds, 1t 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 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 Board of Directors consisting of
nine (9) 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
| 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 :" Jul
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.officio be members of
our board.
SEC. 2. Said directors excepting the two ex-
oficio directors allotted to the Julius Robert
| Dronooa nv han ba tpa q n
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 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
retary 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 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 ma ority 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
porarily in his absence another stakeholder to fill
his place; provided, such substitute has the
qualifications required for director.
Sec 8. 1--we members shall constitute
quorum.
ARTICLE
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
n person or by proxy; provide d. that no indi-
viduaI, firm or corporation shall be entitled to
more than two hundred votes.
A plurality of votes shall be sufficient to elect
md 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 a President, a Vice President, a Secretary
md Treasurer, each of whom shall be chosen
rom among the Directors for the time be n.y.
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- ]
ors, at their first meeting after each general
lection.
SEC s. The Board of Directors NAV appoint
UGH clerks, assistants or employees as may be
eemed necessary for the purposes of the COM |
any, and remove same at pleasure, and shall l
* the salary and compensation OF all officers and
Employers OF the company, and the amount of
ond to be required of any officer employee or j.,
gent.
SEC. T. The Board may also delegate such I
over in the transaction of the ordinary business Z
t the company as they may deem expedient to S
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 +
nact bylaws and to adopt corporate seal for T
le company.
ARTICLE VII. c
Sec l. The following named stockholders shall
impose and are hereby constituted the first
GARD Of Directors and officers of this company
ntll the first regular election, provided for in
rticle ", to wit:
kRAIL. ......................P President
HOS. TASKER. ...........y Vice President
T. JANIN se e'sta 81
G. JOHNSON,
W. LABOUN,SE, Of
SCHULTZ, Directors at Large
MITCHELL,
s. BRINGIER, y
Sec. q They shall be called together by the ~
'esident and shall proceed to organize within l
e week from the date of this act, and said first
rein vested in the Board of Directors and Off
RS OF this company.
ARTICLE VIII.
SEC. /. The Capital Stock of this company is
reby fixed at ONE HUNDRED THOUSAND
)LLARS (s1O0,000), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
lO0) each.
By previous agreement between the parties T,
Q hundred (5O0) shares are hereby assigned to 4
> Julius Robert Diffusion Process Company"
are considered as full paid stock
The other five hundred (50O) shares are re-
ned as property of the Company and open
subscription, at such time as the Board of
'ectors may by resolution determ ne, the full
cunt OF each share to be paid for in cash upon
,scribing therefor.
Ec. q No certificate Of stock shall be issued r
III the same is paid in full.
ARTICLE TX.
,ooks for the registry and transfer of stock
III be kept at the Office of the Company, SUBJ xrl
to the by laws. All transfers of stock shall ">
made on the said books and signed by the
nslerror or his attorney in fact, which books
Directors may close as often as convenience
sxpediency may require, and for a period not
eedlng thirty days. No transfer of less than
of atpc ebolI he