The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-12

CHARTER.

LIZ 1000
CHARTER.
such bylaws for the proper management ant
regulation of it's affairs as may be necessary o
expedient and to exercise such other incidenta
! rights and powers as may be conferred upon l
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 IT'D
domlclle, and designates its President, or in his
abs ence, the Vice President, as the officer or
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
pany's own or rented lands, it being understood
| that this Corporation may also raise and cult
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 "a 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 a 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 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-
officio 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 (l0) 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. A 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 until their successors are elected
and qualified, and when such failure shall occur
itshall be the duty of the President forthwith to
order an election to take place thereafter, on
giving notice thereof as above provided.
SEC. g. The directors elected shall take their
seats on the Monday next following the election
When majority 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.
Or W1,on roho a,,{o h, o1P
will be in the power of the board to appoint tenn
porary in his absence another stock holder to fill
his place; provided, such substitute has the
qualifications required for director.
SEC. 8. Five members shall constitute a
quorum.
ARTICLE V.
At all elections, and on all questions submitted |
to 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 |
in person or by proxy; provided, that no indi- |
vidual, firm or corporation shall be entitled to |
more than two hundred votes.
A plurality of votes shall be sufficient to elect |
and decide all questions, except when otherwise |
required by law or by this charter.
ARTICLE vi.
Sec. The officers of this company shall con-
sist of President, Vice President, a Secretary
and Treasurer, each of whom shall be chosen |
from among the Directors for the time beng.
Their duties shall be such as appertains to the
nature of their Office or may be defined in the
bylaws.
SEC 2. They shall be elected in the order in
which they are above enumerated by the Direc-
tors, at their first meeting after each general
election
Seq g. The Board of Directors may appoint
such clerks, assistants or employees as may be
1eemed necessary for the purposes of the COM
oany, and remove same at pleasure, and shall
tx the salary and compensation OF all officers and
employees of the company, and the amount of
md RI 70 nf an pff0pr |
tgent.
Sec. A. The Board may also delegate such
power in the transaction of the ordinary business
If the company as they may deem expedient to
committees of their own body or to officers or
employees or agents. in or out of the State.
SEC. s. The Board shall have authority to
nact bylaws and to adopt corporate seal for
he company.
ARTICLE VII.
Sec 1. The following named stockholders shall
compose and are hereby constituted the first
Board of Directors and officers of this company
Until the first regular election, provided for in
Article w., to wit:
}. KRATZ. President
HOS. TASkER. Vice President
!. SEQ ...................... treasurer
/, G. JOHNSON,
W. LABOUn,SE, L
[. SCHULTZ, .. Directors at Large. |
. MITCHELL,
I. S. BRINGIER, II
Sec. 2. They shall be called together by the :
resident and shall proceed to organize within
ne week from tie date Of this act, and said first
oard shall have and exercise all the powers
erein vested in the Board of Directors and Off
ers of this company.
ARTICLE VIII.
Sec 1. The Capital Stock of this company is
ereby fixed ct ONE HUNDRED THOUSAND
OLLARS (s1U0,000), represented by one thou
md shares of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties i,
We hundred (500) shares are hereby assigned to
le Julius Robert Diffusion Process Company"
i'd are considered as full paid stock.
The other five hundred (500) shares are re-
lined as property of the Company and open
subscription, at such time as the Board of
irectors may by resolution determ ne, the full
mount of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate OF stock shall be issued I
It'll the same is paid in full L
ARTICLE TX.
Books for the registry aud transfer of stock