The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-15
CHARTER.


, regulation of its affairs as may be necessary 81
expedient and to exercise such other Incidental
rights and powers as may be conferred upon II
by the general special laws OF this State OF OF
the United States, or any Thereon.
ARTICLE II.
This corporation chooses the city of Now Or
leans in the parish Of Orleans as the place OF It's
domicle and designates it's President, or In his
abs ence, the Vice President as the officer on
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
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 rented lands, it being understood
| that this Corporation may also raise and cultI-
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. |. 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
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 mem
seats on the board, except as regards the Jul
Inns 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 e1 otficio be members of
our board.
SEC 2. 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. 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
poll, any other officer Of the Company may sup
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. 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 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.
DEC. b. Inc directors elected snail lake JnGlf |
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 stock holder to fill
his place. provided, such substitute has the
qualifications required for director.
Sec. s. Five members shall constitute a
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 AID may cast such votes either
in person or by proxy; provided that no ndi-
vldua, 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, a Secretary
and Treasurer, each of whom shall be chosen
rom among the Directors for the time beng.
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 above enumerated by the Direc-
'ors, at their first meeting after each general ,
election.
SEC. g. The Board of Directors may appoint ,
such clerks, assistants or employees as may be !
ieemed 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 ,
lgen.
SEC. 4. The Board may also delegate such /
power in the transaction of the ordinary business
If the company as they may deem expedlent 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 1
he company.
ARTICLE VII. E
Sec. l. The following named stockholders shall
ompose and are hereby constituted the first
Board of Directors and officers of this company
ntil the first regular election provided for in t
lrtcle w., to wit:
}: KRAFT. .........................P President
HOS. TASKER. Internationally Vice President
I. SElG Treasurer
:. T. yANIN; ..-;................s Secretary
. G. JOHNSON,
W. LABOUn,SE, o
[. SCHULTZ, ...... Directors at Large.
. MITCHELL,
I. s. BRINGILR, Z
Sec; q They shall be called together by the 7
resident and shall proceed to organize within :
ne week from the date of this act, and said first
oard shall have and exercise all the powers
ereln vested in the Board Of Directors and Off
ers OF this company.
ARTICLE VIII.
Sec. 1. The Capital Stock of this company is
ereby fixed at ONE HUNDRED THOUSAND
OLLARS (slO0,000), represented by one thou
md shares OF ONE HUNDRED DOLLARS
s100) each.
BY previous agreement between the parties r
We hundred $500 shares are hereby assigned to 1
re "Julus Robert Diffusion Process Company"
nd are considered as full paid stock
The other five hundred (500) shares are re-
ined as property Of the Company and open
subscription, at such time as the Board of
lrectors may by resolution determ ne, the full
mount of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate Of stock shall be issued r
It'll the same is paid in full.
ARTICLE TX
Books for the registry and transfer of stock
all be kept at the Office of the Company, sub NJ
ct to the by laws. All transfers of stock shall 49,
made on the said books and signed by the
anslerror or his attorney in fact, which books
Directors may close as often as convenience
expedlency may require, and for period not
ceedlng thirty days. No transfer of less than
@ full share OF stock shall be permissible.
ARTICLE Y.
No stakeholder ia this corporation shall ever IL