The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-01
CHARTER.
STATE OF LOUISIANA,
ARISH OF ORLEANS, CRY OF NEW ORLEA


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| STATE OF LOUISIANA,
PARISH OF ORLEANS, CRY OF New ORLEANS.
BE 1T KNOWN, that, on this Eighteenth da
OF the month OF June, in the year OF our Lore
one thousand eight hundred and seventy-fve
and OF the Independence Of the United States 9
America the ninety-ninth,
Before me, JOHN G.. EUSTIS, Notary Pub
lie, in and for this City and Parish of Orleans
State Of Louisiana, duly commissioned and quail
fed, and in the presence OF the witnesses here
matter named and undersigned,
Personally came and appeared the partie
whose names are hereunto subscribed, acting TO
themselves and those whom they represent, al
corporators, and for such other persons as ma,
become associated with them by succession, pur
chase, transfer, or subscription, who several,
| declared, that, availing themselves of the pro
visions of the laws Of the State of Louisiana re
lative to the organization of Corporations fo
works of public improvements and for other pur
poses, they have covenanted and agreed, and d.
| by these presents covenant and agree to form
themselves into and cons itute corporation
under the following articles, which they adopt al
their charter:
ARTICLEL.
| The name Of this corporation shall be the
| FIRST CENTRAL DIFFUSION SUGAR MAN
| UFACTURING COMPANY. and by that name il
shall have power and authority
| First. To have and enjoy succession for the
period Of twenty five years.
Second. To contract, sue and be sued.
Third. To make and use corporate seal.
Fourth. To hold, receive, purchase, and con.
vey property, real and personal.
Fifth. To name and appoint such managers
directors and officers as it's interest and con-
venience may require.
Sixth. To establish, make alter, or amend
such by-laws for the proper management and
regulation OF its affairs as may be necessary OF
expedient and to exercise such other incidental
rights and powers as may be conferred upon it
by the general special laws of this state, or OF
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's
dOmicile, and designates its President, or in his
aba nce, 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 canesugar
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 Guilt
vate such corn and other incidental products as
may be required to facilitate the production of
cane, and farther to construct 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
stakeholder, holding in his own name or the
name of the firm OF which he is member, not
less than five shares or 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-officio be members of
our board.
Sec. 2. Said directors, excepting the two ex-
Officio 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 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
TAIL 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 |
ic notice of each election to be given by the Sec
'etary, at least two weeks in advance, by publ |
'ation in one newspaper issued daily in this city. |
SEC. 5. A failure to elect the directors on the |
lay named for that purpose, shall not dissolve |
he corporation, but the directors then ia office |
hall hold over until their successors are elected
md qualified, and when such failure shall occur,
shall be the duty Of the President forthwith to |
rider an election to take place thereafter, on |
living notice thereof as above provided.
Sec 6. The directors elected shall take their
eats 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
III up the vacancies, but said vacancy shall be
upplled by election made by said majority.
SEC. z. When director absents himself. it
7ill be in the power of the board to appoint tenn
orarily in his absence another stakeholder to fill
lis place; provided, such substitute has the
Publications required for director.
Sec. s. five members shall constitute a
uorum.
ARTICLE
At all elections, and on all questions submitted
D general meeting Of stockholders, each stock
older shall be entitled to as many votes as he
nay have shares, and may cast such votes either
J person or by proxy; provide d, that no indi-
iduaj, firm or corporation shall be entitled to
lore than two hundred votes.
A plurality of votes shall be sufficient to elect
nd decide all questions, except when otherwise
,quired by law or by this charter.
ARTICLE vi.
SEC. 1 The officers of this company shall con-
st of President, Vice President, Secretary
nd Treasurer, each of whom shall be chosen
ON among the Directors for the time be ng. !
heir duties shall be such as appertains to the
ature of their Office or may be defined in the
y-laws.
SEC. 2. They shall be elected in the order in :
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 !
ch clerks, assistants or employees as may be !
'emed necessary for the purposes of the COM q
my, and remove same at pleasure, and shall /
the salary and compensation OF ali officers and I
nployees of the company, and the amount of i
md to be required of any officer, employee or t
ent. r
SEC. 4. The Board may also delegate such f
wer in the transaction of the ordinary business .
the company as they may deem expedient to t
mmittees of their own body or to officers or n
lployees or agents, in or out of the State. a
Sec. 5. The Board shall have authority to /,
act bylaws and to adopt corporate seal for d
e company.
ARTICLE VII.
Nc o1l or -ho1J hall