The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-24
CHARTER.

such bylaws for the proper management AM
regulation of its affairs as may be necessary
expedient; and to exercise such other lncldenta
rights and powers as may be conferred upon
by the general or special laws of this state, or
the United States, or any thereof.
ARTICLE II.
This corporal ion chooses the city of New Or
leans in the parish of Orleans, as the place OF I'll
domicile, and designates its President, or in his
abs ence, the Vice President, as the officer OF
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
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
panys own rented lands, 1t 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 further to construct or 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 ill., and its business shall be
managed by a Board OF Directors consisting OF
| nine r9) members, each OF whom must be a
stakeholder, holding in his own name or the
| name of the firm of which he is 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 sha 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 eX-oticio 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 Q0) days previous to the Gay of
election, and should either of them decline or
fail 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
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 5. A 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. 6. The directors elected shall take their
seats on the Monday next following the election.
When ma ority of the board are duly elected, it
shall 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 stakeholder to fill
his place; provided, such substitute has the |
qualifications required for director.
SEC. s. 1--we members shall constitute
quorum.
ARTICLE V.
At all elections, aud 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
N person or by proxy; provided that no indi-
Vidual, firm or corporation shall be entitled to
more than two hundred votes.
plurality of votes shall be sufficient to elect
and decide all questions, except when otherwise
required by law or by this charter.
ARTICLE W.
Sec. The officers of this company shall con-
sist of President, Vice President, a 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
bylaws.
SEC. 2. They shall be elected in the order in
which they are above enumerated by the Drec-
ors, at their first meeting after each general
election.
SEC 8. The Board of Directors may appoint
uch clerks, assistants or employees as may be
ieemed necessary for the purposes OF the COM
'any, and remove same at pleasure, and shall !
tx the salary and compensation of all officers and
Employees of the company, and the amount of
'ond to be required OF any officer, employee or ,
gent.
SEC. 4. The Board may also delegate such !
'ower in the transaction of the ordinary business
# the company as they may deem expedIent to S
t{aaS cft ha;r h1I,, 10 |
Employees agents. in out Of the State.
SEC. 5. The Board shall have authority to
nact bylaws and to adopt a corporate seal for 1
he company.
ARTICLE VII. {
SEC. 1. The following named stockholders shall
Ompose and are hereby constituted the first
oard OF Directors and officers of this company
ntil the first regular election, provided for in t
rticle w., to wit:
:. KRAFT. 80. President
HOS. IAShER.. ............. Vice President
d. SEIG ..'..-..-....o.... treasurer
G. JOHNSON,
W. LABOUaSE, o
;. SCH ULTZ, Directors at Large |
MITCHELL,
:. S. BRINGIER, 2
Sec. 2. They shall be called together BY the r.
resident and shall proceed to organize within :
he week from the date of this act, and said first
GARD shall have and exercise all the powers
rem vested in the Board of Directors and Off
rs of this company.
ARTICLE VIII.
SEC. 1. The Capital Stock of this company is
.reby fixed at ONE HUNDRED THOUSAND
OLLARS ($lO0,OOO), represented by one thou
nd shares OF ONE HUNDRED DOLLARS
1907 EACH
By previous agreement between the parties E
'e hundred $500 shares are hereby ASST ned to L
e Julius Robert Diffusion Process Company"
d are considered as full paid stock
The other five hundred (500) shares are re-
med as property of the Company and open
subscription, at such time as the Board of
rectors may by reso. ution determ ne, the full
lount of each share to be paid for in cash upon
bscribing therefor.
SEC. 2. No certificate Of stock shall be issued r
til the same is paid in full.
ARTICLE TX
Books for the registry and transfer of stock
all be kept at the Office of the Company, sub NJ
It to the by laws. All transfers of stock shall l"
made on the said books and signed by the
nslerror or his attorney in fact, which books
} Directors may close as often as convenience
expediency may require, and for period not
'eeding thirty days. No transfer of less than
fnl Ghara of stn bo1l bo