The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-02
CHARTER.

shall be kept at the office of the Company, su
lect to the by. laws. ALI transfers of stock sh,
:, be made on the said books and signed by tt
7 translerror or his attorney in fact, which bool
= the Directors may close as often as convenient
Z or expediency may require, and for a period n
u exceeding thirty days. No transfer of less ths
one full share OF stock EI shall be permissible.
> No stakeholder in this corporation shall ev,
be liable or responsible for the contracts or faul
of the corporation beyond the amount of b
stock.
ARTICLE XI.
, 1t shall be the duty OF the President TO call
! general meeting of the stockholders wheneyt
called upon to do so by vote of the board. or
written request of number of stakeholder,
representing at least one.tfth of the Capits
Stock OF the Company, and it shall be his dut
. to convene the Board of Directors at any tim
upon the written request of two Directors
|, ARTICLE XII.
In consideration of the five hundred $500
shares allotted to the "Julius Robert Diffusion
Process Company" as stated in Article VIII
they turn over to this Company the two diffusiol
apparatus and all other machinery owned b
them and now lying at Southwood and Bell
Alliance Plantations, and renounce their royalt,
on all sugar and molasses that may be made b,
this Company, and they bind themselves ant
their heirs to execute, acknowledge and deliver
to the said Company such deeds, writings OF
other instruments as shall or may be necessary
to effect in due form to sad Company the sale
and remuneration above stated
| ARTICLE XIII.
| 1t shall be lawful for the stockholders of this
| corporation, at general meeting to be convened
| for that purpose, after fifteen days notice. pub
lished In one newspaper Of this city, to increase
the capital stock Of this Company to any amount
not exceeding five hundred thousand dollars
(s5OO ,0O0), and to make any notifications, add.
tons or changes in this act of incorporation, or
| TO dissolve the Company, with the ascent of
| three-fourths of the stock represented at such
| meeting. Such modification addition, change or
law.
ARTICLE XIV.
Whenever the dissolution Of the company shall
take place either by the limitation of it's charter.
the vote OF the stockholders, as provided in the
foregoing section, or otherwise, its affairs shall
be Immediately placed in liquidation under the
charge OF two commissioners appointed by the
Board OF Directors. Said commissioners shall
be solvent persons not indebted to the company,
and residents of New Orleans.
They shall remain in Office until the final lioui
dation of the affairs of the company and the dis
trlbution OF the surplus funds among the stock
holders.
Their compensation shall be fixed before their
election, and shall not exceed two and half
per cent (2L per cent? of the assets realized by
them, and 10 case Of vacancy occurring from
any cause whatever the remaining or surviving
commissioners shall Immediately appoint another
otherwise any court of general civil jurisdiction
In the parish OF Orleans may make such appoint
ment, on the petition OF any three stockholders.
ARTICLE XIV.
:, The fiscal year OF this company shall end on
the first day of March in each year. On that day.
or as soon thereafter as practicable, the books
OF the company shall be balanced and a general
statement of it's affairs be prepared and submit.
ted to the stockholders for fifteen days preced- |
ing such election OF directors
Thus done and DASsed at NV Of1on in Novv Or /
cans In the presence Of Andrew j. Arm strong |
Ind Fred. Stansbury, lawful witnesses residing
n this city, who have hereunto signed their
names as such, with said appearers ard me, said |
notary. On the day, month and year herein first
written. after reading the whole.
(Orlginal signed
JNO. W. LABOUISSE,
K. SIEG,
R. G. CAMMACK,
VICTOR MEYER,
=. z. RELF,
T. L. AIREY 4 CO.,
OTTO KRATZ,
A. J. ARMSTRONG,
F. sTANSBURY,
J. G. EUSTIS,
-, Notary Public.
|, the undersigned, Deputy Recorder of Mort
ages, IN and for the parish OF Orleans and CITY
New Orleans, do hereby certify that the within q
ad FOREGOING Act OF Incorporate was this day
., lls, folios 6l8, 619, 500, 62l. 622 and 623. G
New Orleans La, June 81, 1875. v
(Sgned) G. DARCANTEL, t
Deputy Recorder. T
certify the above and foregoing to be cor (
ct copy OF the original Act of incorporation A
I'd certificate Of recordation thereof extant in Fl
Y current register. b
In faith whereof, grant these presents under b
hand and the impress of my official seal, this b
tn day OF june A. D. 1875
J. G. EUSIIS, Notary Public.