The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-09

CHARTER.

CHARTER.
/
} such by-laws for the proper management an
regulation OF its affairs as may be necessary
expedient; and to exercise such other incidenta
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 Or
leans. in the parish of Orleans as the place of it
domlclle, and deslgnates its President, or in hi
abe nce, the Vice President as the officer OF
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 a.
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 ill., and its business shall be
managed by q 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
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 Ju-
Illus Robert Diffusion Process Company" which,
on account of special concession made to this
Company, shall be entitled to two represents
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-
oficio directors allotted to the julius Robert
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 (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
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. 5. failure to elect the directors on the
day named for that purpose, shall not dissolve
the corporation, but the directors then in office
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 5T thereof as above provided.
SEC. g. The directors elected shall take their |
seats on the Monday next following the election.
When majority of the board are duly elected, it
hall not be necessary to hold further elections to
i'll up the vacancies, but said vacancy shall be /
supplied by election made by said majority.
Sec. Z. When q director absents himself IL |
will be in the power of the board to appoint tenn.
'orariy in his absence another stockhold to fill
lis place; provided, such substitute has the |
qualifications required for a director.
SEC. 8. Five members shall constitute .
Quorum.
ARTICLE V.
At all elections and on all questions submitted
0 a general meeting OF stockholders, each stock
Older shall be entitled to as many votes as he
nay have shares, aid may cast such votes either
2 person or by proxy; provide d, that no indi-
lduai, 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
squired by law or by this charter
ARTICLE vi.
SEC: The officers OF this company shall con-
st OF President. Vice President, Secrt tary
nd treasurer, each of whom shall be chosen
ON among the Directors for the time be NJ. | ]
heir duties shall be such as appertans to the ]
atnre OF their Office or may be defined in the
Sec. 2. They shsll be elected in the order in I
hich they are above enumerated by the Direc- +
re, at their first meeting after each general I
ection. :
Sec. 8. The Board of Directors may appoint I
lch clerks, assistants or EMPLOYEES as NAV be 4
,emed necessary for the purposes of the COM
my, and remove same at pleasure, and shall 4
< the salary and compensation OF all officers and
bployees OF the company, and the amount of
'nd TO be required OF any officer, employee or
Sec 4. The Board may also delegate such L
wer in the transaction of the ordinary busine IS
the company as they may deem expedent to s.
mmlttees OF their own body or to officers or
lployees or agents. in or out of the State
SEC. 5. The Board shall have authority to II
act bylaws and to adopt corporate seal for p
. company.
ARTICLE VII. 1c
SEC. 1. The following named stockholders shall
impose and are hereby constituted the first
ard OF Directors and officers of this company
I'll the first regular election, provided for IN th
Llcle ", to wit:
ma ana - '............. President
los. TASKER.. ...............V Vice President
T. JaNiN treasurer IT treasurer
G. JOHNSON, 0'-'
w. LABOUu.SE, of
SCHULTZ, $50. Directors at Large.
MITCHELL,
S. BRINGIER. II,
Inv
sident and shall proceed to organize within 4.
week from the date of this act, and said first
nd shall have and exercise all the powers
elm vested in the Board of Directors and Off
) OF this company. I
ARTICLE VIII,
&c. l. The Capital Stock OF this company is
eby fixed at ONE HUNDRED THOUSAND
LIARS (s1OO 1000, represented by one thou
shares OF ONE HUNDRED DOLLARS
0) each.
= previous agreement between the parties IN.
hundred (5OO) shares are hereby assigned to +
Julius Robert Diffusion Process Company"
are considered as full paid stock.
1e other five hundred (5OO) shares are re-
ed as property of the Company and open
Inscription, 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
cribing therefor.
c.. 2. No certificate Of stock shall be issued r.
the same is paid ia full
ARTICLE TX.
oks for the registry and transfer of stock
be kept at the Office of the Company, sub MOS
% the by laws All transfers of stock shall A>
AIDE the aaid hookc nd NV ho