The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-29
CHARTER.

CHARTEK. s.
such by.laws for the proper management ana
regulation Of its affairs as may pe necessaly VI
aynedient. and to exercise such other incidental
rights and powers as may be conferred upon IL
by the general or special laws OF this state, OF u
the United States, or any thereof.
ARTICLE II.
This corporation chooses the city of New Or
leans in the parish OF Orleans, the place OF lts
abs ence, the Vice President as the officer on
whom citation or other legal process, or notice
may be served.
The object and purpose Of this Corporation,
and the nature of the business to be carried on
bv Il shall be the manufacturing OF cane sugar
tbrmeh the julius Robert Diffusion Process,
from cane to be bought, or raised on the Com
nanys own or rented lands, it being understood
that this Corporation may also raise and culti-
vate such corn and other lncldental pr0oucts as
NAV be required to facilitate the production OF
cane and further to construct or cause to be con-
strncted and applied the machinery and appara-
tins necessary to the manufacture OF cane sugar
as above.
ARTICLE ".
SEC. 1. All the corporate powers OF the Com
panv shall be vested in, and its business snail De
managed by Board Of Directors consisting OF
nine 19) members, each of whom must be
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 or more mem,
bers If the same firm sba l at the same time hold
seats on the board except as regards the Jul
lius Robert Diffusion Process Company" which,
on account OF special concession maze 10 tnls
Company. shall be entitled to two representa-
tives, to be chosen by them from then poafa Oh
directors and who shau eA'oinclo pe meAAooie VI
cur board.
SEC. 3. Said directors, excepting the two e1-
cficio directors allotted to the julius Robert
Diffusion Process Company, shall be elected an
nually. The first regular election 70 pc hela 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 De
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.
SEC. 4. The Board Of Directors shall cause pub
lie notice of each election to be given by the Sec
retary, at least Two weeks in advance, by publ
cation in one Newspaper issued daily in this city.
SEC s. 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. g. The directors elected shall take their
seats on the Monday next following the election.
When ma jority of the board are duly elected, 1t
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. T. 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 req uired for director.
SEC. 8. 1--we members shall constitute
quorum.
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, ard may cast such votes either
in person or by proxy; provide d, that no lndl-
viduat, firm or corporation shau be entitled to
more than two hundred votes.
A 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. The officers OF this company shall con-
sist of President, Vice President Secre tary
and Treasurer, each of whom shall be chosen
from among the Directors for the time be nk.
Their duties shs II 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 Dlrec-
tors, at their first meeting after each general
election.
Sec g. The Board of Directors may appoint
such clerks, assistants or employees as may be
deemed necessary for the purposes OF the COM
pany, and remove same at pleasure, and shall
fix the salary and compensation OF all officers and
en-, pIoyees of the company, and the amount OF
bond to be required of any officer, employee or
agent.
power in the transaction OF the ordinary business
of the company as they may deem expedient to
committees 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
enact bylaws and to adopt a corporate seal for
the company.
Sec. 1. The following named stockholders shall
compose and are hereby constituted the first
Board of Directors and officers Of this company
until the first regular election, provided for in
Article ~ ", to wit:
THOs. TASKER. 49,. .......... Vice President
r. SEIG. observation-disclosures. Treasurer
A. I. JANlN. .............. Secretary
G. G. JOHNSON, OF
J. W. LABOUn,SE,
II. SCH ULTZ, directors at Large.
A. MITCHELL,
NJ. s. BRINGIER, ss.
Sec g. They shall be called together by the
President and shall proceed to organize within
one week from tie date of this act and said first
Board shall have and exercise all the powers
herein vested in the Board of Directors and Off
GERS of this company.
ARTICLE VIII.
SEC /. The Capital Stock OF this company is |
hereby fixed at ONE HUNDRED THOUSAND |
($100, 000), represented by one thou |
sand shares Of ONE HUNDRED DOLLARS |
(s100) each.
By previous agreement between the parties |
five hundred (500) shares are hereby assigned to |
the Julius Robert Diffusion Process Company"
and are considered as full paid stock
The other five huud red (500) shares are re-
tained as property Of the Company and open
TO subscription, at such time as the Board of |
Dire ctors may by resolution determ ne, the full |
amount of each share to be paid for in cash upon
subscribing therefor.
SEC. g. No certificate Of stock shall be Issued |
Until the same is paid in full.
ARTICLE TX.
IL - L u