The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-10
CHARTER.

CHARTER.
such bs-laws for the proper management al
| regulation of it's affairs as may be necessary q
expedient; and to exercise such other incidents
rights and bowers as may be conferred upon
by the general or special laws of this State, or
the United States, or any thereof
| ARTICLE II.
| This corporation chooses the city Of Now Or
leans in the parish of Orleans, as the place OF IT.
| domicile and designates its President, or IN M
abs ence, the Vice President, as the officer 81
whom citation or other legal process, or NOTES
| may be served.
ARTICLE III.
The object and purpose of this Corporation
| and the nature of the business to be carried CT
by it, shall be the manufacturing of cane sugal
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 cuiti
vate such corn and other incident tai products al
may be required to facilitate the production o.
cane, and further to construct or cause to be con
structed and applied the machinery and appara
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 menu
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.oficio be members Of
our board.
Sec. 2. Said directors, excepting the two ex-
oficio 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 10) days previous to the day Of
election, and should either of them decline or
fail to attend in time, the President of the Boar
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
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. g. The directors elected shall take their
seats on the Monday next following the election.
When majority 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 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. 8. Five members shall constitute a
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 lie
may have shares, and may cast such votes either
N person or by proxy; provided that no indi-
vidua',. firm or corporation shall 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-
INST Of President, Vice President, Secre tary
and Treasurer, each of whom shall be chosen
rom among the Directors for the time be ns.
Their duties shall be such rs 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 Direc- |
ors, at their first meeting after each general |
election.
SEC g. The Board of Directors NAV appoint |
uch clerks, ASSISTANTS or employees as may be |
leemed necessary for the purposes OF the con-
)any, and remove same at pleasure, and shall
tx the salary and compensation OF all officers ard
Employers OF the company, and the amount of
30 ln 30 olfs4
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
ommittees of their own body or to officers or
Employees or agents, in or out of the State.
Sec. 5. The Board shall have authority 10
nact bylaws and to adopt a corporate seal for
he company.
ARTICLE VII.
Sec. 1. The following named stockholders shall
ompOse and are hereby constituted the first
'oard Ct Directors and officers of this company
ntil the first regular election, provided for in
rticle ", to wit:
HOS. TASKER. Vice President
). SElG ;:.......... Treasurer
G. JOHNSON,
W. LABOUH,SE, II
|. SCHULTZ, Directors at Large.
MITCHELL,
!. .. |
Sec g. They shall be called together by the
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
(sl0O,0O0), represented by one thou
nd shares of ONE HUNDRED DOLLARS
100) each.
By previous agreement between the parties !
re hundred $500 shares are hereby assigned to
e Julius Robert Diffusion Process Company"
ID are considered as full paid stock
The other five hundred (5O0) 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
aount OF each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate OF stock shall be issued I
It'll the same is paid in full
ARTICLE TX.
Books for the registry and transfer of stock
al be e. kept at the Office of the Company, sub .
made on the said books and STONED nv the