The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-31
CHARTER.

CHARTER.
such bv-laws for the proper management AM
! regulation of its affairs as may be necessary o
: expedient and to exercise such other lncldenta
, rights and powers as may be conferred upon
by the general or special laws of this State, or
the United States, or any thereon.
ARTICLE II.
This corporation chooses the city Of New Or
leans in the parish Of Orleans, as the place OF lti
domicile, and designates its President or IN hi
abs ence, the Vice President, as the othcer OF
whom citation or other legal process, or notice
may be served.
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
pany's own or rented lands, it being understood
that this Corporation may. also raise and cult
| vate such corn and ether incidental products as
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 its business shall be
| managed by Board of Directors consisting OF
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 mem
bers Of the same firm sha j at the same time hold
| seats ON the board, except as regards the :" Jul
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 exoficio be members of
our board.
SEC O. Said directors, excepting the two ex-
dfficio 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. 8. Said commissioners OF election shall be
elected by the board from among the stocRhold-
ers at least ten Q0l days previous to the Gay 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.
SEQ. 5. failure to elect the directors on the |
the corporation, but the directors then in Office |
shall hold over until their successors elected
and qualified, and when such failure shall occur,
it shall be the duty of the President forthwith to
order 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 maj ority of the board are duly elected, it
hall not be necessary to hold further elections to
ell up the vacancies, but said vacancy shall be
supplied by election made by said majority.
SEC. Z. When a 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. s. Eve members shall constitute a
quorum.
ARTICLE V.
at all elections and on all questions submitted
% 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; provide d. that no indi-
idual firm or corporation shall be entitled to
more than two hundred votes.
plurality of votes shall be sufficient to elect
nd decide all questions, except when otherwise
equred by law or by this charter. /
ARTICLE W. Is
Sec. The officers of this company shall con-
list Of President, Vice President, Secret ary :
nd Treasurer, each Of whom shall be chosen !,
rom among the Directors for the time be n.y. :
heir duties shsllsbe such as appertains to the 4
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- r
ors, at their first meeting after each general 7
lection. D
SEC. 3. 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
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 s,
,mmittees of their own body or to officers or
nployees or agents, in or out Of the State. D
SEC. 5. The Board shall have authority to n
lact bylaws and to adopt corporate seal for f
le company.
ARTICLE VII. G.
Sec. l. The following named stockholders shall
impose and are hereby constituted the first
oard of Directors and officers of this company
It'll the first regular election, provided for in tn
't KR, AZ to wit; p...,,.,,.
hos. TAsKER. ...............V Vice President
SEIG Treasurer
T. yANIN; ;;.....; .................s Secretary
W. LABOUuSE, Of
MITCHELL, ''')'' ''''i' ~ &C.
S. BRINGIER, r,
Sec; 2. They shall be called together by the r.,
eoiuotio aho oiidli PioCeeu W organize Within | -
e week from TIE date of this act and said first
ard shall have and exercise all the powers
rein vested in the Board of Directors and Off 4
rs OF this company. Z
ARTICLE VIII.
SEC l; The Capital Stock of this company is
reby fixed at ONE HUNDRED THOUSAND
'LLAKS (slO0, 900, represented by one thou
Id shares Of ONE HUNDRED DOLLARS
00) each.
BY previous agreement between the parties IN
3 hundred (50O) shares are hereby ASST gned to +
, , Julius Robert Diffusion Process Company"
are considered as full paid stock.
he other five hundred (500) shares are re-
ned as property of the Company and open
subscription, at such time as the Board of
ectors may by resolution determ ne, the full Z
scribing therefor NfO"
&c. z No certificate Of stock shall be Issued III
ii the same is paid in full "a
ARTICLE TX