The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-14
CHATTER.

II y CHATTER.
such b.-lsws for the proper management au
; expedient; and to exercise such other incidents
!, rights and powers az may be conferred upon
by the general or special laws Of this State, or
the United States, or any thereof. [-...
VI .l-lN ARTICLE IL Il aha
This corporation chooses the city Of New o.
leans, in the parish OF Orleans as the place of it
d6micile, and designates its President, or in hi
abe ence the Vice President as the officer o.
whom citation or other legal process, or motto
may be served.
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 susa
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
cane, and further to construct or cause to be con
| structed and applied the machinery and appara.
| tus necessary to the manufacture Of cane sugal
| as above. s5vHe g eaFFe
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
ID
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 shail 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. c
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. g. 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
lie notice Of each election to be given by the Sec
rotary, at least two weeks in advance, by publi-
cation in one newspaper issued daily in this city.
Sec. 5. a failure to elect the directors on the
lay named for that purpose, shall not dissolve
,he corporation, but the directors then in office
shall hold over until their successors are elected
Ind qualified, and when such failure shall occur
shall be the duty of the President forthwith to
,rder an election to take place thereafter, on |
giving notice thereof as above provided.
SEC. 6. The directors elected shall take their |
eats on the Mondas next following the election |
When majority of the board are duly elected, it |
hall not be necessary to hold further elections to
Ill up the vacancies, but said vacancy shall be |
upphed by election made by said majority.
SEC. 2. When director absents himself, it |
viii be in the power of the board to appoint tenn.
orarily in his absence another stockholde to fill
is place; provided, such substitute has the I
qualifications required for director.
Sec. 8. Five members shall constitute q
uorum. , sft
- ARTICLE aa.ot.
At all elections, and on all questions submitted
0 a general meeting Of stockholders, each stock
older shall be entitled to as many votes as he
hay have shares, and may cast such votes either
ldual, firm or corporation shall be entitled to
lore than two hundred votes.
A plurality of votes shall be sufficient to elect
nd decide all questions, except when otherwise
equired by law or by this charter. ]
ARTICLE vi.
Sec. 1 The officers of this company shall con-
st of President, a Vice President, Secretary ,
nd Treasurer, each of whom shall be chosen
ON among the Directors for the time beng.
heir duties shall be such as appertains to the
AZURE of their Office or may be defined in the
y-laws. r,-..-E I'm ..rs
Sec q They shall be elected in the order in ]
hich they are above enumerated by the Direc- ]
RS, at their first meeting after each general Z
eetiOn. ...;.~l., g. 49, II :
SEC. 8. The Board of Directors NAV appoint
lch clerks, assistants or employees as may be 4
9emed necessary Tor the purposes of the COM =
my, and remove same at pleasure, and shall I
( the salary and compensation Of all officers and
aployess OF the company, and the amount of
md tn hn nfa o<Sin
.ent.
Sec. 4. The Board may also delegate such I
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. >
SEC. S. The Board shall have authority to n
act bylaws and to adopt corporate seal for T
Q company. aa5cs 4 81 ~ ~
.,a.o ARTICLE VII. r.t'... c
SEQ. 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 IL
t ii ~ ~, to wit: ~. T.
KRAFT. ...............-.......Pr President
iOS. TASkER. 49,. Vice President
SEIG; ;.;......."........ Treasurer
6. JOHNSON, ) 49, ,>''> .-
". LABOUn,SE, Of
SCHULTZ, 49,. Directors at Large.
MITCHELL, -r ia. -....-5. ..r
s. BRINGIER, r
'Eo. 2. They shall be called together by the r.
,sident and shall proceed to organize within :
, week from the date of this act, and said first
ard shall have and exercise all the powers
elm vested in the Board of Directors and off,
s Of this company. .,T as.t; II
ARTICLE VIII. f,.5
&c. l. The Capital Stock OF this company is
eby fixed at ONE HUNDRED THOUSAND
LIARS ($100,000), represented by one thou
d shares Of ONE HUNDRED DOLLARS
)O) each.
y previous agreement between the parties ~
hundred $500 shares are hereby assigned to il
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
subscription, at such time as the Board of
sctors may by resolution determ me- the full
'unt Of each share to be paid for in cash upon
scribing therefor.
&c. 2. No certificate OF stock shall be issued n
j the same is paid in full. T.
ARTICLE TX.