The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-26
CHARTER.

CHARTER.
: |
such bylaws for the proper management an
regulation of its affairs as may be necessary O
expedient; and to exercise such other incidenta
!, rights and powers as may be conferred upon
by the general or special laws of this State, or
the United States, or any thereof.
ARTICLE II.
This corporation chooses the city of Now Or
leans in the parish Of Orleans as the place of it
domicile, and designates its President, or in hi
abe ence, the Vice President, as the officer OF
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 or
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 other incidental products az
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 ill., and its business shall be
| managed by q 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 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-OfficiO be members of
our board.
SEC. e. Said directors, excepting the two ex-
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 Q0) 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 il 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. S. A failure to elect the directors on the
day named for that purpose, shall not dissolve
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 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.
nj
will be in the power Of the board to appoint tenn
porarlly in his absence another stakeholder to fill
his place; provided, such substitute has the |
qualifications required for director. |
Sec. 8. Five members shall constitute a |
quorum. |
ARTICLE
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 |
may have shares, and may cast such votes either |
n person or by proxy; provided that no indi-
7idual, 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 W.
Sec. The officers of this company shall con-
list of President, Vice President, a Secretary
md Treasurer, each of whom shall be chosen
rom 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
yhich 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
IN hn nf off nyay,1py
gent.
SEC. 4. The Board may also delegate such
over in the transaction Of the ordinary business
the company as they may deem expedlent to {
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
ne company.
Sec. 1. 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 ~, to wit
KRATZ.. ..................... President
HOS; TAsKER. ................V Vice President
r JANiN..'..'.se e ear
G. JOHNSON,
W. LABOUISE,
SCHULTZ, Directors at Large.
MITCHELL,
| i
SEC. 2. They shall be called together by the 7
resident and shall proceed to organize within :
le 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
re- of this company.
ARTICLE VIII.
Sec. 1. The Capital Stock of this company is
reby fixed at ONE HUNDRED THOUSAND
)LLARS ($100, 000), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties
q hundred (500) shares are hereby assigned to /
Q sJulius 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
lount of each share to be paid for in cash upon
describing therefor.
SEC. 2. No certificate Of stock shall be issued r.
til the same is paid in full.
ARTICLE TX.