The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-06
CHARTER.

/ CHARTER.
| ..~>o~oosO-.o-~~
srcb bv.laws for the proper management ana
REGULATION of its affairs as may be necessary VI
exnedient and to exercise such other incidental J!
r;dhts and powers as may be conferred upon ~
by the general special laws OF TINS Sta'e' VI "
| the United States, or any Thereon.
ARTICLE II.
| r,,;s oo-ro-at;on chooses the city of New Or
leans in the parish Of Orleans, as the place OF lts
domicile. and designates its President, OF IN ms
| silence fine Vice President, as the oflcer on
whom citation or other legal process, OF no'ice
may be served. ,,Dr1
The object and purpose OF this Corporaado ~,
and the nstnre of the business to be carried on
| nv II shall he the manufacturing OF cane sugar
through the julius Robert Diffusion fro G
| from cane to be bought, or raised Oh tne ooln
pany's or rented lands, II peins ad cmlti-
that this Corporation may also raise anu Iuis W.
waite such corn and other incidental products %
NAV be required to facilitate the productlon VI
cane and further to construct or cause W W eo
structed and applied the machinery ana appaIa-
tus necessary to the manufacture oi Gallo sugar
| as above.
| Sic. [. All the corporate powers OF the C0m-
nany shall be vested ill., and It's business snail pe
managed by a Board OF Directors CONSISTING % -
nine 79) members, each of whom must De
stockholder, holding in his own name OF tne
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 OF more ore; n haId
| hers of the same firm shall at the came time hoid
| seats on the board, except as regards the ~
| Illus Robert Diffusion Process Company, Whicn,
| on account OF special concession MADE 10 inns
Company, shall be entitled to two represents a.
| tives' to be chosen by them from their board OF
| directors and who shall ex-officio be members OF
| our board 80
SEC 2. Said directors, excepting the two ex.
oficio directors allotted to the Julus hoDert
Diffusion Process Company, shall be elected an
nually. The first regular election to be held on
| the first Monday of April, 1876. Such electlon
shall be by ballot, at the office OF the COMPANY,
| and conducted by two commissioners, who snail
preside over the same and make proper fe'ufns
| of the counting of the ballots.
| SEC. 8, Said commissioners OF election shall De
elected by the board from among the stockholds
| ers at least ten Q0) days previous to the cay OF
election, and should either OF them { decline OF
fail to attend in time the President OF the Board
| or if he be not present at the opening OF the
poll. apy other officer of the Company may sup
ply the vacancy by appointment
| SEC. 4. The Board OF Directors shall cause pup
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 S. A failure to elect the directors on the
day named for that purpose, shall not dissolve
the corporation, but the directors tnen IN olllce
shall hold over until their successors are elected
and qualified, and when such failure shall occur,
it SHAH 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, 1t
hail not be necessary to hold further elections to
fill up the vacancies, but said vacancy shall De
| 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.
porarly in his absence another stockholder to MI
his place; provided, such substitute has the
qualifications required for director. ~
Sec. 8. Five members shall constitute a
quorum.
| At all elections, and on all questions submitted
to a general meeting of stockholders, each stock
holder shall be entitled to as many votes as he
NAV have shares, and may cast such votes ethel
in person or by proxy; provide d, that no indl
vidual, firm or corporation shall be enutled te
more than two hundred votes.
A plurality of votes shall be sufficient to elec
and decide all questions, except when otherwise
required by law or by this charter.
ARTICLE vi.
Sec l The officers OF this company shall con
sist of President, Vice President, a Secre tar.
and Treasurer, each of whom shall be chosen
from among the Directors for the time beng
Their duties shall be snch as apperta1ns TO TINT
nature of their Office or may be defined IN thu
SEC 2. They shall be elected in the order il
| which they are above enumerated by the Dlrec
tors, at their first meeting after each genera
election.
SEC. 8. The Board of Directors may appoin
such clerks, assistants or employees as may b.
| deemed necessary for the purposes OF the com
psnv and remove same at pleasure, and shall
fix the salary and compensation OF all officers ant
t en- ployees of the company, and the amount o
! bond to be required of any officer, employee o
agent.
. | lha fron at of he hnSiDos
, of the company as they may deem expedient t.
committees of their own body or to officers O
r employees or agents, in or out of the State.
SEC. S. The Board shall have authority t
enact bylaws and to adopt corporate seal 10
the company.
SEC, l. The following named stockholders sha
compose and are hereby constituted the frs
Board of Directors and officers OF this compan
until the first regular election, provided for
Article w., to wit:
THOS. TASKER. ................V Vice Presiden
4. SElG ,...................'.. feasule
A.. I. JANiN: $780,; ............' .oecretai
G. G.. JOHNSON,
J. W. LABOUh,SE,
II. SCHULTZ, directors at Large
A. MITCHELL.
NJ. s. BRINGIER,
President and shall proceed to organize With
one week from the date of this act, and said frs
Board shall have and exercise all the power
herein vested in the Board OF Directors and off
GERS of this company.
ARTICLE VIII.
f Sec. 1. The Capital Stock OF this company
q hereby fixed at ONE HUNDRED THOU SAM
DOLLARS (s1O0 O0O), represented by one thor
' sand shares of ONE HUNDRED DOLLAR
! (s100) each.
/ By previous agreement between the partie
five hundred $500 shares are hereby assigned
| 10 s.T, ,1; prncnaa Inmnanv
and are considered as full paid stock.
The other five hundred (500) shares are re
tanned as property of the Company and ope
: to subscription, at such time as the Board Q
v Directors may by resolution determ ne, the flu
amount of each share to be paid for in cash upo
subscribing therefor.
SEC 2. No certificate OF stock shall be issue
until the same is paid in full.
ARTICLE TX.
Books for the registry and transfer OF stoc
| Al ooe@l Hon, .,,I