The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-17
CHARTER.

OHA
such bylaws for the proper management ant
regulation of it's affairs as may be necessary o.
expedient; and to exercise such other incidental
| rights and powers as may be conferred upon i
by the general or special laws of this State, or
the United States, or any thereof.
| ARTICLE II.
| This corporation chooses the city of New Or
leans in the parish of Orleans as the place of its
domicile, and designates its President, or in his
alb. ence, the Vice President, as the officer on
whom citation or other legal process, or notice
| may be served.
ARTICLE III.
| The object and purpose of this Corporation,
and the nature of the business to be carried on
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
panys own or rented lands, it being understood
| that this Corporation may also raise and Guilt
vate such corn and other incidental products as
may be required to facilitate the production of
cane, and further to construct or 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 a Board of Directors consisting of
nine (9) members, each OF whom must be a
stakeholder, holding in his own name or the
less than five shares Of the capital stock of the
Company; provided, that no two or more men,
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-
directors phert
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 8. Said commissioners Of election shall be
elected by the board from among the stockhold-
ers at least ten Q0l 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 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
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. 6. The directors elected shall take their
seats on the Monday next following the election.
When iority of the board are duly elected, it
rhall 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 a director absents himself, it
will be in the power of the board to appoint tenn
porarlly in his absence another stakeholder to fill
MS place; provided, such substitute has the |
qualifications required for director.
SEC. 8. Five members shall constitute |
quorum.
At all elections, and on all questions submitted
20 general meeting of stockholders, each stock
holder shall be entitled to as many votes as he |
nay have shares, and may cast such votes either |
n person or by proxy; provided, that no indi- |
viduaI, firm or corporation shall be entitled to |
more than two hundred votes.
A 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. The officers of this company shall con-
list of President, Vice President, a Secretary
rom among the Directors for the time beng.
Their duties shall be such as appertains to the
ature of their Office or may be defined in the
,y-laws.
|
which they are above enumerated by the Direc-
ors, at their first meeting after each general
lection.
SEC. 8. The Board of Directors may appoint
UGH clerks, assistants or employees as may be
eemed necessary for the purposes of the COM
any, and remove same at pleasure. and shall
x the salary and compensation OF all officers and
Employees OF the company, and the amount of
ond to be required of any officer, employee or
gent.
Sec. 4. The Board may also delegate such
over 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 to
nact bylaws and to adopt corporate seal for
ARTICLE VII.
SEC. /. The following named stockholders shall
)mpose and are hereby constituted the first
GARD of Directors and officers of this company
ntil the first regular election, provided for in ,
rticle w., to wit:
HOS. TASKER- ....-.......... Vice President
SEIG: Treasurer
G. JOHNSON,
W. LABOUu,SE, q
SCHULTZ, 800. Directors at Large
MITCHELL,
. S. BRINGIER,
Sec. 2. They shall be called together by the !
resident and shall proceed to organize within ]
he week from the date of this act, and said first
BARD shall have and exercise all the powers
rein vested in the Board of Directors and Off
RS Of this company.
ARTICLE VIII.
SEC. l. The Capital Stock of this company is
reby fixed at ONE HUNDRED THOU SAND
)LLARS ($100, 000), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties
9 hundred 5000 shares are hereby assigned to |
Q Julius Robert Diffusion Process Company"
d are considered as full paid stock.
The other five hundred (500) shares are re-
ned as property of the Company and open
subscription, at such time as the Board of
rectors may by resolution determ ne, the full
count Of each share to be paid for in cash upon
oscribing therefor.
Sec 2. No certificate Of stock shall be issued T.
til the same is paid in full. E
ARTICLE TX.
Books for the registry aud transfer of stock