The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-25
CHARTER.

CHARTER.
-
10 such by-laws for the proper management an
ls regulation of its affairs as may be necessary
expedient; and to exercise such other incidents
g rights and powers as may be conferred upon
by the general or special laws of this State, or
Y the United States, or any thereof.
ARTICLE IL
= This corporation chooses the city of New Or
leans in the parish Of Orleans, as the place of it
Y domicile, and desgnates its President, or in hi
, abeence, the Vice President, as the officer OF
whom citation or other legal process, or notic'
may be served.
ARTICLE III.
f 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 sugar
{ 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 az
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
as above.
ARTICLE ".
SEC. 1. All the corporate powers of the Com
pany shall be vested in and it's business shall be
managed by a Board of Directors consisting of
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 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 e1-
ofhcio 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. A. The Board Of Directors shall cause pub
lie notice of each election to be given by the Sec
retary at least two weeks in advance by publ
cation in one newspaper issued daily in this city,
Sec. 5. failure to elect the directors on the
day named for that purpose, shall not dissolve
the corporation, but the directors then in office
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 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. 8. Five members shall constitute a
quorum.
At all elections, and on all questions submitted
% 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; provide d, that no indi-
7idual, firm or corporation shall be entitled to
more than two hundred votes. &,
plurality of votes shall be sufficient to elect
md decide all questions, except when otherwise
equired by law or by this charter.
ARTICLE vi.
Sec 1 The officers of this company shall con-
list OF a President, Vice President, Secretary 7
md Treasurer, each of whom shall be chosen :
rom among the Directors for the time be ng. l
heir duties shall be such as appertains to the 4
ature of their Office OF may be defined in the
y-laws.
Sec. 2. They shall be elected in the order in F
'hich they are above enumerated by the Direc-
ors, at their first meeting after each general I
lection. .
Sec. g. The Board of Directors NAV appoint !,
UGH clerks, assistants or employees as may be L
eemed necessary for the purposes of the COM .
any, and remove same at pleasure. and shall N
X the salary and compensation OF all officers and
Employers OF the company, and the amount of
ond to be required OF any officer, employee or
gent. l.
Sec 4. The Board may also delegate such L
over in the transaction Of the ordinary business
the company as they may deem expedient to 81
'mmittees of their own body or to officers or
nployees or agents, in or out of the State.
Sec. 5. The Board shall have authority to "
lact bylaws and to adopt corporate seal for r
lie company.
Sec. 1. The following named stockholders shall
impose and hereby constituted the first
,ard OF Directors and officers of this company
It'll the first regular election, provided for in tn
'tice ", to wit:
Hos. TASKER. .............v Vice Precedent
SElG. Treasurer
T. JANIN. ..................S Secretary
G. JOHNSON,
W. LABOUI,SE, OF
SCHULTZ, Directors at Large.
MITCHELL,
s. BRINGIER, ri
SEC. 2. They shall be called together by the TT
eelueHt anu sudl proceed 10 organize Within -
g week from the date of this act, and said first
ard shall have and exercise all the powers
rein vested in the Board of Directors and off,
g of this company.
ARTICLE VIII
'Ec. l. The Capital Stock OF this company is
'eby fixed at ONE HUNDRED THOUSAND
LIARS (sl0O, OOOl, represented by one thou
ID shares Of ONE HUNDRED DOLLARS
00) each.
,y previous agreement between the parties
, hundred $500 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 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
scribing therefor.
&c. g. No certificate Of stock shall be issued IA
il the same is paid ia full Ed
ARTICLE TX.
ooks for the registry and transfer of stock
u be kept at the Office of the Company SUBJ
to the by laws. ALI transfers of stock shall MO-
made on the said books and signed by the