The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-28
CHARTER.

CHARTER.
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3 such bylaws for the proper management ant
regula ton OF its affairs as may be necessary O
expedient; and to exercise such other incidenta
: rights and powers as may be conferred upon i
by the general or special laws of this State or
the United States, or any thereof.
ARTICLE II.
, This corporation chooses the city of New Or
leans in the parish OF Orleans as the place of its
don1icile, and designates its President or in his
, abs ence, the Vice President, as the officer or
whom citation or other legal process, or notice
may be served.
ARTICLE III.
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 or rented lands it being understood
that this Corporation may also raise and culti-
vate such corn and other incidental products as
may be required to facilitate the production of
cane, and further to construct 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 in, and its business shall be
managed by Board Of Directors consisting of
nine (9) 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 men,
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 ex.officio be members of
our board.
SEC. 2. Said directors, excepting the two ex-
offcio 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 majority of the board 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 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 required for director
SEC. s. Five members shall constitute a
quorum.
ARTICLE V.
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, and 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.
A plurality of votes shall be sufficient to elect
md decide all questions, except when otherwise
required by law or by this charter.
ARTICLE vi.
Sec. The officers of this company shall con-
,ist of President, Vice President Secretary
and Treasurer each OF whom shall be chosen
rom among the Directors for the time beng.
Their duties shall be such as appertains to the
nature of their Office Or may be defined in the
bylaws.
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. ,
Sec 3. 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 7
gent.
SEC 4. The Board may also delegate such l
,ower in the transaction of the ordinary business
# the company as they may deem expedent to S
ommittees of their own body or to officers or
Employees or agents, in or out of the State. r
Sec. 5. The Board shall have authority to :
nact bylaws and to adopt corporate seal for I
he company.
ARTICLE VII. c
Sec. 1. The following named stockholders shall
ompose and are hereby constituted the first
oard Of Directors and officers Of this company
nti the first regular election, provided for in t
rticle ~, to wit:
. KRATZ. President
HOS; TAsKER. .............. Vice President
SEI TaNIN s aeas4aer
. G. JOHNSON,
W. LABOUI,SE,
:. SCHULTZ, Directors at Large.
MITCHELL.
Sec. 2. They shall be called together by the T
resident and shall proceed to organize within :
ne week from the date of this act, and said first
GARD shall have and exercise all the powers
erein vested in the Board of Directors and Off
RS of this company.
ARTICLE VIII.
Sec. 1. The Capital Stock of this company is
ereby fixed at ONE HUNDRED THOUSAND
OLLARS (Sl00, 10000, represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties r.
re hundred (500) shares are hereby assigned to Z
e Julius Robert Diffusion Process Company
ID are considered as full paid stock.
The other five hundred (5OO) shares are re-
ined as property of the Company and open
subscription, at such time as the Board of
rectors may by resolution determ ne, the full
Mount Of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate Of stock shall be issued y
It'll the sanie is paid in full.
ARTICLE TX.
Il IL