The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-21
CHARTER.

CHARTER.
g such bylaws for the proper management an
s regulation of its affairs as may be necess ary
: expedient; and to exercise such other Incidents
rights and powers as may be conferred upon
by the general special laws OF this STATE, or
Z the United States, or any thereof.
d ARTICLE IL
. This corporation chooses the city of New Or
leans, in the parish of Orleans the place OF IT.
domicile, and designates it's President, or in hi
abs 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 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 other incidental products as
may be required to facilitate the production of
cane, and further to construct or cause to be
structed and applied the machinery and appsra-
tus necessary to the manufacture of cane gar
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
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 men,
bers of the same firm sha ! 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- OtticiO be members of
our board.
SEC. 2. Said directors, excepting the two ex-
oficio 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 10) 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. A. 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 publi-
cation IN one newspaper issued daily in this city.
SEC. 3. 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 over until their successors are elected
I'LL
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 ma jority of the board are duly elected. it
hall not be necessary to hold further elections to
i'll up the vacancies, but said vacancy shall be
supplied by election made by said majority.
SEC. 7. When director absents himself it
will be in the power Of the board to appoint tenn.
'orarlly III his absence another stakeholder to fill
lis place provided, such substitute has the
qualifications required for director.
Sec. 8. Five members shall constitute
uorum {
ARTICLE V.
At all elections, and on all questions submitted
0 general meeting of stockholders, each stock
older shall be entitled to as many votes as he
nay have shares, aid may cast such votes either 81
l person or by proxy; provided, that no indi- F
ldual firm or corporation shall be entitled to r
lore than two hundred votes. ~
plurality Of votes shall be sufficient to elect III
nd decide all questions, except when otherwise
'qulred by law or by this charter. l.
ARTICLE VI
Sec. The officers of this company shall con-
st of a President, Vice President, a Secretary =,
nd Treasurer, each of whom shall be chosen 7
ON among the Directors for the time be ng. K
heir duties sha II be such appertains to the NJ
iture OF their office or may be defined in the
FLAWS.
Sec. q They shall be elected in the order in RI
hlch they are above enumerated by the Direc- r,
re-, at their first meeting after each general IT,
ection. 80
Sec 3. The Board of Directors NAV appoint III
ch clerks, assistants or employees as may be III
emed necessary for the purposes Of the COM
my, and remove same at pleasure, and shall he
the salary and compensation OF all officers and
1ployees OF the company, and the amount of ,
md to be required OF any officer, employee or
ent. Lo
SEC. 4. The Board may also delegate such Lo
wer IN the transaction OF the ordinary business Bill
the company as they may deem expedient to St,
mmittees of their own body or to officers or
lployees or agents, in or out of the State.
SEC. 5. The Board shall have authority to Re
act bylaws and to adopt corporate seal for Pr
company.
ARTICLE VII. 70,
Sec l. The following named stockholders shall
npose and are hereby constituted the first
ard CT Directors and officers of this company I
til the first regular election provided for in the
cle ~, to wit
~, !; President j
OS. TASKER. ...............Vic Vice President =
= Sh1 I,NfN .'''..........-....". Treasurer
8. JOHNSON, 5
v. LABOUrSE, of J
MITCHELL n
s. BRINGIER, r,,
&c; q They shall be called together by the r1T
sdent and shall proceed to organize within III
week from the date of this act and said first
I'D shall have and exercise all the powers
elm vested in the Board of Directors and Off =
Of this company.
ARTICLE VIII. K
&C. L. The Capital Stock of this COMPANY ia T
eby fixed at ONE HUNDRED THOUSAND \
Ill AIRS (slO0,0OO), represented by one thou
shares of ONE HUNDRED DOLLARS
O) each.
: previous agreement between the parties n.
hundred 5000 shares are hereby ssgned to FH
Julius Robert Diffusion Process Comnany
are considered as full paid stock.
le other five hundred (500) shares are re-
ed as property of the Company and open
Inscription, at such time as the Board of
ctors may by resolution determ ne, the full
unit of each share to be paid for in cash upon
cribing therefor.
c. 2. No certificate of stock shall be issued IA
the same is paid in full. n
ARTICLE TX
oks for the registry and transfer of stock
be kept at the Office of the Company. sub
% the by. laws. All transfers of stock shall MUS
ade on the said books and signed by the