The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-05
CHARTER.

/ CHARTER.
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.rcb bv.laws for the proper management ana
romn,at ion of it's affairs as may be necessary VI
aY1edient. and to exercise such other lncluenVs:i
r;dhts and rowers as may be conferred upon ~ II
hy tie general or special laws OF this otate' VI
| the United States, or any Thereon.
ARTICLE II.
This corporation chooses the CITY OF MeH vt it,
dnmicile and desgnates its President, or III DIS
obt ance the Vice President, as the officer on
whom citation or other legal process, or notice
may DC s9f'eo' ARTICLE III.
The object and purpose OF TINS IS he caprred on
| hv Il shall be the manufacturing OF cane sugar
| tIro1,gh the julius Robert Diffusion froGess'
| from cane to be bought, or raised on lIe oo
nany q own or rented lands, 1T Den8 uno5i yt
| thaf This CORPORATION may also raise ana cuili-
| vate snch corn and other incidental products as
NAV be required to facilitate the produc'lo ~ VI
cane and further to construct or cause " w ~
structed and applied the machinery ana appsta
| tus necessary to the manufacture OF CANE eos"i
as above.
SEo l. ALI the corporate powers or the C0n-
pany shall be vested in, and its business shall pc
managed by a Board OF Directors consisting Vi
nine 10y members, each OF whom must De d
| stockholder, holding in his own name or lhe
| name of the firm OF which he Is member, not
less than five shares OF the capital STOCK ol tne
Company: provided, that no two or more mem,
bers of the same firm shall at the same time nolo
seats on the board, except as regards the 'Ju-
| Illus Robert Diffusion Process Company, whicD,
on account of special concession mace TO tnls
Company, shall be entitled to two representa-
tives, to be chosen by them from thelr poaru vi
directors and who shall ex-olnclo % menpois VI
our board.
SEC. 2. Said directors, excepting the two ex-
officio directors allotted to the Jullus hoper'
Diffusion Process Company, shall be elected an
the first Monday of April, 1876. Such election
shall be by ballot, at the Office OF the Company,
and conducted by two commissioners, who snail
preside over the same and make proper returns
of the counting Of the ballots.
Sec. 3. Said commissioners OF election snall %
elected by the board from among the stockhold..
ers at least ten (10) days previous to the cay 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
retarv, 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 once
shall hold over until their successors are elected
Sls
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. g. The directors elected shall! take their
seats on the Monday next following the election.
When a majority of the board are duly elected, it
hall 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. Z. When a director absents himself, 1t
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. Five members shall constitute
quorum.
At all elections, and on all questions submitted
to a 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 midi
viduai, firm or corporation shall be entitled TO
more than two hundred votes.
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, 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.
SEC. 8. The Board of Directors may appoint
such clerks, assistants or employees as may be
deemed necessary for the purposes of the COM
pany, and remove same at pleasure, and shall
fix the salary and compensation of all officers and
employers of the company, and the amount of
bond to be required Of any officer, employee or
agent.
SEC 4. The Board may also delegate such
power in the transaction of the ordinary business
of the company as they may deem expedent to
committees 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
enact bylaws and to adopt corporate seal for
the company.
SEC l. 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
0. KRATI. ......................Pr President
IHOS. IAShER. wee President
II. SEIG '........-........... treasurer
G. G. JOHNSON,
J. W. LABOUE,SE,
H. SCH ULTZ, .... Directors at Large.
A. MITCHELL,
NJ. S. BRINGIER,
SEC. 2. They shall be called together by the
President and shall proceed to organize within
one week from the date OF this act and said first
Board shall have and exercise all the powers
herein vested in the Board of Directors and Off
GERS of this company.
ARTICLE VIII.
SEC. l. The Capital Stock of this company ia
hereby fixed at ONE HUNDRED THOUSAND
DOLLARS (il00,000), represented by one thou
sand shares Of ONE HUNDRED DOLLARS
(s100) each.
BY previous agreement between the parties
five hundred $500 shares are hereby assigned to
the Julius Robert Diffusion Process Company"
and are considered as full paid stock
The other five hundred (500) shares are re-
tanned as property of the Company and open
to subscription, at such time as the Board of
Directors may by resolution determ ne, the fnll
amount of each share to be paid for in cash upon
subscribing therefor.
SEC. 2. No certificate Of stock shall be issued
until the same is paid in full.
ARTICLE TX.
Books for the registry and transfer of stock
shall be kept at the Office of the Company. snb-
lect to the by laws. All transfers of stock shall
be made on the said books and signed by the
translerror or his attorney in fact, which books
the Directors may close as often as convenience