The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-21
CHARTER.

CHARTER.
|
such by-laws for the proper management an
regulation of it's affairs as may be necessary
expedient; and to exercise such other incidents
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 IL
This corporation chooses the city of New o.
leans in the parish Of Orleans as the place of it
domicile, and designates its President, or in hi
abb ence, the Vice President as the officer o.
whom citation or other legal process, or motto
may be served.
ARTICLE III.
The object and purpose of this Corporation
| and the nature of the business to be carried OF
| by it, shall be the manufacturing of cane suga
| through the Julius Robert Diffusion Process
| from cane to be bought, or raised on the Com
pany's own or rented lands, it being understood
! that this Corporation may also raise and cult
vate such corn and other incidental products al
may be required to facilitate the production Of
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
AZ above.
ARTICLE ".
Sec. 1. All the corporate powers of the Com.
pany shall be vested in, and it's business shall be
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 sha.l 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
rIrna4 Al vt,1n hall g. L.. %
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 (10) 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 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.
c 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. g. failure to elect the directors on the
lay udu1Co iOl tudt pun pO5S. budI uOC QlSSOlV6
he corporation, but the directors then in office
hall hold over until their successors are elected
md qualified, and when such failure shall occur
shall be the duty of the President forthwith to
rider an election to take place thereafter, on
irving notice thereof as above provided
SEC. 6. The directors elected shall take their |
eats on the Monday next following the election. |
When ma ority of the board are duly elected, it |
hall not be necessary to hold further elections to
ii up the vacancies, but said vacancy shall be |
1ot1lIn cd hx1o do hx,oa
Sec. Z. When director absents himself, it |
I'LL be in the power of the board to appoint tenn
orarily in his absence another stakeholder to fill
is place; provided, such substitute has the
Publications required for director.
SEC. 8. Five members shall constitute
uorum.
ARTICLE v.
At all elections, and on all questions submitted
} a general meeting of stockholders, each stock
older shall be entitled to as many votes as he
lay have shares, and may cast such votes either
! person or by proxy; provide d, that no indi-
lore than two hundred votes.
plurality of votes shall be sufficient to elect
nd decide all questions, except when otherwise
squired by law or by this charter.
ARTICLE vi.
Sec. The officers of this company shall con-
st of President, Vice President, Secretary
nd Treasurer, each of whom shall be chosen
ON among the Directors for the time be ng.
heir duties shall be such as appertains to the
ature of their office or may be defined in the
y-laws.
SEC 2. They shall be elected in the order in
hich they are above enumerated by the Direc- ]
RS at their first meeting after each general
eetion.
Sec. 8. The Board of Directors may appoint :,
lch clerks, assistants or EMPLOYEES as NAV be !
eemed necessary for the purposes of the COM
my, and remove same at pleasure, and shall
< the salary and compensation of all officers and
nployees of the company, and the amount of
md to be required Of any officer, employee or ,
rent.
SEC. T. The Board may also delegate such l
,wer in the transaction of the ordinary business
the company as they may deem expedient to S
mmittees of their own body or to officers or
nployees or agents, in or out of the State. T
SEC. s. The Board shall have authority to I
act bylaws and to adopt corporate seal for 1
9 company.
SEC. 1. The following named stockholders shall
impose and are hereby constituted the first
ard of Directors and officers Of this company
til the first regular election, provided for in t
ticle ~, to wit:
KRAFT ,:.;;....... President
Hos. TASKER. Vice President
SElG. ACKNOWLEDGEMENTS. Treasurer
Il. JANlN. ACKNOWLEDGEMENTS Secretary
G. JOHNSON,
W. LABOUu,SE,
SCHULTZ, Directors at Large.
MITCHELL.
s. BRINGIER, F
SEC. g. They shall be called together by the Y
esident and shall proceed to organize within :
3 week from the date of this act, and said first
ard shall have and exercise all the powers
'ein vested in the Board of Directors and Off
8 OF this company.
ARTICLE VIII.
EC. 1. The Capital Stock of this company is
'eby fixed at ONE HUNDRED THOUSAND
LIARS ($100,000), represented by one thou
ID shares Of ONE HUNDRED DOLLARS
00) each.
~ previous agreement between the parties r,
hundred (5O0) shares are hereby assigned to II
Julius Robert Diffusion Process Company"
are considered as full paid stock.
he other five hundred (500) shares are re-
led as property of the Company and open
at such time as the Board of
ectors may by resolution determ ne, the full
punt of each share to be paid for in cash upon
scrbing therefor.
&c. 2. No certificate of stock shall be issued q
Ii the same is paid in full.
ARTICLE TX.
ooks for the registry and transfer of stock
i be kept at the Office of the Company, SUBJ ,.,