The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-27
CHARTER.


~ = CHARTER.
such bylaws for the proper management and
raonlation of Its affairs as may be necessary OF
expedient; and to exercise such other lncidental
rights and powers as may be conferred upon !,
by the general or special laws of this state OF OF
the United States, or any thereof. ts.,...,
ARTICLE H.
This corpora ton chooses the city OF New Or-
leans in the parish Of Orleans as the place OF i!s
domicile. and designates it's President, or IN his
ALI ence. the Vice President, as the offlcer on
whom citation or other legal process, or notice
may be served. - ,sN cdR us
The object and purpose of this Corporation,
and the nature OF the business TO pc 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 ana cuitl-
vate such corn and other 1ncldentai products as
NAV be required to facilitate the production OF
cane and further to construct or cause to be con-
structed and applied the machinery and appara-
tus necessary to the manufacture OF cane sugar
as above 81 afsf isti tr
o ARTICLE ~.
Sec. 1. All the corporate powers OF the Com
pany shall be vested in, and its business shall De
managed by Board OF Directors consisting OF
nine 19} members, each of whom must be a
stockholder, holding in his own" name or the
name Of the firm OF which he is q member, not
less than five shares Of the capital stock OF the
Company provided, that no two or 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 exoficio be members OF
cur hoard lf.
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
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 (l0) 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 il he be not present at the opening OF the
poll any other officer OF the Company may sup
ply the vacancy by appointment. 1k eta.
SEC. 4. The Board OF Directors shall cause pub
lie notice of each election to be given bythe Gee
rotary, at least two weeks in advance, by publ
cation in one newspaper issued daily N this city.
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
hall 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
porariy in his absence another stockholder to fill
his place; provided, such substitute khas the
qualifications required for director.
SEC. 8. Eve members shall constitute q
quorum. sa
ARTICLE v.
Atall elections, and on all questions submitted
to q general meeting Of stockholders, each stock
holder shall be entitled to as many votes as he
may have shares, ard may cast such votes either
in person or by proxy; provided, that no indi-
viduaI, firm or corporation shal be entitled to
more than two hundred votes. r1ss1 ist t.-
A plurality Of votes shall be sufficient to elect
and decide all questions, except when otherwise
required by law or by this charter. f.. M
81. u 90 ARTICLE W. a.s.. GAG
SEC. The officers OF this Company shall con-
sist Of President, Vice President, Secre tary
and . Treasurer, each of whom shall be chosen
rom among the. Directors for the time be ng.
Their duties shall be such as appertains to the
nature Of their Office or may be defined in the
oy-laws. 1- .at5 d 5sic i
SEC. O. 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. 80
Sec g. The Board of Directors may appoint
such clerks, assistants or employees as may be |
1eemed necessary for the purposes of the COM |
oany, and remove same at pleasure and shall
employees of the company, and the amount of |
bond to be required OF any officer, employee or
lgent.
SEC. 4. The Board may also delegate such |
,ower in the transaction of the ordinary business
IT the company as they may deem 4expedient to |
committees of their own body or to officers or
employees or agents, in or out of the State. a
SEC. 5. The Board shall have authority to /
nact bylaws and to adopt corporate seal for
ARTICLE VII. ~
Sec. 1. The following named stockholders ehall |
compose and are hereby constituted the first |
>oard Of Directors and officers of this company
Until the first regular election, provided for in
Article ", to wit:
;; MAT y PRESIDENT
H SEiG IAshEk, Vice President President
: n JANIN .secretarv
i, G. JOHNSON, H..
W. LABOUuSE,
[. SCHULTZ, $50. Directors at Large.
. MITCHELL
I. s. BRINGIER,
Sec. 2. They shall be called together by the
resident snd shall proceed to organize within
ne week from the date of this act, and said first
card shall have and exercise all the powers
erein vested in the Board Of Directors and Off
ars of this company. 4-4
ARTICLE VIII.
SEC 1. The Capital Stock OF this company is
ereby fixed at ONE HUNDRED THOUSAND
CELLARS (s100, O00), represented by one thou
and shares Of ONE HUNDRED DOLLARS
S100) each. -H t
BY previous agreement between the parties
We hundred (500) shares are hereby gned to !
Re Julius 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
irectors may by resolution determ ne, the full
Mount Of each share to be paid for in cash upon
describing therefor. & 20
SEC. 2. certificate OF stock shall be issued