The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-03
CHARTER.

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shall be kept at the office of the Company, sub,
iect to the by laws. All transfers OF stock small
be made on the said books and signed by the
transferror or his attorney in fact which books
the Directors may close as often as convenience
or expediency may require, and for period not
exceeding thirty days. No transfer OF less than
one full share of stock shall be permissible.
No stakeholder in this corporation shall ever
be liable or responsible for the contracts or faults
of the corporation beyond the amount OF his
stock.
1t shall be the duty OF the President to call a
called upon to do so by vote of the board, or a
written request of number OF stockholders,
representing at least one. fifth of the Capital
Stock of the Company, and it shall be his duty
to convene the Board of Directors at any tune
upon the written request OF two Directors.
ARTICLE XII.
In consideration of the five hundred 5000
shares allotted to the "Julius Robert Diffusion
Process Company" as stated in Article VIII,
they turn over to this Company the two diffusion
apparatus and all other machinery owned by
them and now lying at Southwood and Belle
Alliance Plantations, and renounce their royalty
on all sugar and molasses that may be made by
this Company, and they bind themselves and
their heirs to execute, acknowledge and denver
to the said Company such deeds, writings or
other instruments as shall or may be necessary
to effect in due form to sad Company the sale
and remuneration above stated.
ARTICLE XIII.
It shall be lawful for the stockholders of this
corporation at a general meeting to be convened
for that purpose, after fifteen days notice, pub
lished in one newspaper of this city, to increase
the capital stock OF this Company to any amount
not exceeding five hundred thousand dollars
$500, 0O0), and to make any notifications, add.
lions or changes in this act of incorporation, or
to dissolve the Company, with the assent OF
three fourths Of the stock represented at such
meeting. Such modification, addition, change or
dissolution shall be recorded as required by
law.
ARTICLE XIV.
Whenever the dissolution of the company shall
take place either by the limitation of its charter
the vote OF the stockholders, as provided in the
foregoing section, or otherwise its affairs shall
be Immediately placed in liquidation under the
charge of two commissioners appointed by the
Board of Directors. Said commissioners shall
be solvent persons not indebted to the company,
and residents of New Orleans.
They shall remain in Office until the final lqui-
dation of the affairs of the company and the dis
tribution of the surplus funds among the stock
holders.
Their compensation shall be fixed before their
election, and shall not exceed two and a half
per cent (2L per cent? of the assets realized by
them, and in case of a vacancy occurring from
any cause whatever, the remaining or surviving
commissioners shall Immediately appoint another,
otherwise anv court Of general civil jurisdiction
in the parish Of Orleans may make such appoint
ment, on the petition of any three stockholders.
ARTICLE XIV.
The fiscal year OF this company shall end on
the first day of March in each year. On that day,
or as soon thereafter as practicable, the books
of the company shall be balanced and general
Of its affairs be prepared and submit
ted to the stockholders, for fifteen days preced-
ing such election OF directors.
Thus done and passed at my Office in New Or
leans in the presence OF Andrew j. Arm strong
and Fred. Stansbury, lawful witnesses residing
In this city, who have hereunto signed their
names as such, with said appearers ard me, said
notary. on the day, month and year herein first
written. after reading the whole.
Original signed
JNO. W. LABOUIssE,
R. SIEG,
r. G. CAMMACK,
VICTOR MEYER,
s. z. RELF,
T. L. AIREY & CO.,
OTTO KRATZ,
A. J. ARMSTRONG,
F. STANSBURY,
J. G. EU5TIS,
Notary Public.
cages in and for the parish of Orleans and city
IF New Orleans, do hereby certify that the within
md foregoing Act of Incorporate N was this day
July recorded in my office, according to law, in
B. us, folios 61S, 619, 620, 62l. 622 and 623.
New Orleans La, June 81, 1875.
(Sgned) G. DARCANTEL,
Deputy Recorder.
certify the above and foregoing to be a cor
'ect copy of the original Act of Incorporation
md certificate Of recordation thereof extant in
ny current register.
In faith whereof, grant these presents under |
nv hand and the impress of my official SEAL this |
.4th day of June, A. D. 1875.
]. G. EUSTI', Notary Public.
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