The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-13
CHARTER.

II e CHARTER. Fl
81 such By laws for the proper management an
. regulation of its affairs az may be necessary o
: expedient; and to exercise such other incldenta
3 rights and powers as may be conferred upon
by the general or special laws OF this state, OF
: the United States, or any thereof.
ARTICLE II. g.
This corporation chooses the city Of New Or
leans in the parish of Orleans, as the place OF IT.
domcile, and designates its President, or in hii
, alb. ence, the Vice President, as the officer or
whom, citation or other legal process, or notice
may be served.
.45. ARTICLE III.
| 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
vate such corn and other incidental products rs
may be required to facilitate the production OF
structed and applied the machinery and sppsra-
tus necessary to the manufacture of cane sugar
as above. r,t,
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 (9) 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 more MEM
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 representa-
tives, to be chosen by them from their board Of
directors and who shall ex-officio be members of
SEC. 2. Said directors, excepting the two ex-
oficio directors allotted to the Julius Robert
Diffusion Process Company, shall be elected an
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. 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
shau 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. z. 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 a director.
Sec. g. 1--we members shall constitute
quorum. 80
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
vidua firm or corporation shal be entitled to
more than two hundred votes.
A plurality Of vote shall be sufficient to elect
and decide all questions, except when otherwise
required by law or by this charter.
b. ARTICLE W..
Sec The officers of this company shall con-
sist Of PRESIDENT Vice President, a Secrt tary
and Treasurer, each of whom shall be chosen
rom among the Directors for the time be ny.
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 |,
election.
SEC. 3. The Board of Directors may appoint
such clerks, assistants or employees as may be =
leemed necessary for the purposes of the COM |
Oany, and remove same at pleasure, and shall
tx the salary and compensation of all officers and
employees OF the company, and the amount of
bond to be required OF any officer, employee or ,
gent. E
Sec. 4. The Board may also delegate such I
fVop NJ &hao
# the company as they may deem expedient to S
committees of their own body or to officers or
Employees or agents. in or out of the State. Z
Sec 5. The Board shall have authority to :
nact bylaws and to adopt corporate seal for
he company. ...-I +.p
III ARTICLE VII. Id
SEC. 1. The following named stockholders shall
omp0se and are hereby constituted the first
'oard OF Directors and officers Of this company
ntil the first regular election, provided for IN Il
lrticle w., to wit: + 5i
}. KRAFT. President /
HOS. TASkER. y. -. 49,. Vice President
!. SEIG. ......-.... Treasurer
!. G. JOHNSON. = ''''et VAL
W: LABoUASE, Of
[. SCHULTZ, ..... Directors at Large.
MITCHELL,
!. s. BRINGIER, 20 -..t7I r.
Sec 2. They shall be called together by the r
resident and shall proceed to organize within
ne week from tie date of this act and said first
GARD shall have and exercise all the powers
erein vested in the Board OF Directors and Off
RS Of this company.
ARTICLE VIII.
Sec. l. The Capital Stock of this company is
ereby fixed at ONE HUNDRED THOUSAND
OLLARS ($lO0,OO0), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each. -
By previous agreement between the parties r.
70 hundred (500) shares are hereby assigned to II
9 "Julus Robert Diffusion Process Company "
ID are considered as full paid stock.
The other five hun dred (500) shares are re-
med as property OF the Company and open
subscription, at such time as the Board of
rectors may by resolution determ ne, the full
lount Of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate OF stock shall be issued n
I'll the same is paid in full. - Z.
ARTICLE TX.
Books for the registry and transfer of stock
all be kept at the Office of the Company. sub
It to the by laws All transfers of stock shall NJ
made on the said books and signed by the