The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-08
CHARTER.

n CHARTER. =
|, such bs-laws for the proper management an
expedient; and to exercise such other Incidents
/ rights and powers as may be conferred upon
by the general special laws OF this State, or
the United States, or any thereof.
i ARTICLE II. ,..,
i This corporation chooses the city Of New Or
leans in the parish Of Orleans, as the place OF it,
domicile and designates its President or in hi
abs ence, the Vice President, as the officer OF
whom citation or other legal process, or notice
may be served. = ~ "33!'h- R+ s. "A
l. -hrnJ :. 81 ARTICLE Ill, ole i,.gi ayas.
i 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
waite such corn and other 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. +Ah
| = ARTICLE Nv. fa7 +
| 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 q
| stakeholder, holding in his own name or the
name Of the firm OF which he is q member, not
less than five shares OF the capital stock of the
Company provided, that no two or more men,
| beers 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 represents
| 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-
Of6cio directors allotted to the Julius Robert
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 10) days previous to the day of
| election, and should either Of them decline OF
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. atleasttwo weeks in advance, by publ
cation in one newspaper issued daily in this city.
Sec. s. failure to elect the directors on the
day named for that purpose, shall nos dissolve
the corporation, but the directors then in Office
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 ma iority 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.
SEC 7. When a director absents himself, it
To- 20 I'LL
porarily in his absence another stakeholder to fill
his place; provided, such substitute has the
qualifications required for director.
SEC. g.. Five members shall constitute q
quorum.
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- |
vldual, 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, Secre tary
and a treasurer, each Of whom shall be chosen |
from among the Directors for the time be ne.
Their duties shall be such as appertains to the |
nature OF their Office or may be defined in the
bylaws. t4l.
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. f.
SEC. g. The Board of Directors may appoint
such clerks, assistants or employees as may be
deemed nece ssary for the purposes Of the COM
pany, and remove same at pleasure, and shall
fix the salary and compensation OF all officers and
employees 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 busines
Of the company as they may deem sxpedent t.
Of their own body or to officers W
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
he company.
SEC. l. The following named stockholders shall
compose and are hereby constituted the first
Until the fret regular election, provided for in
1rtie5e ~, to wit:
J. kRAIL. PRESIDENT
TH0S; TAsKER. ...............v Vice President
s. SEA- IsNiI Treasurer ssess4aer
J. G. JOHNSON,
|. W. LABOUI,SE,
I. SCHULTZ, 49,. Directors at Large.
!. MITCHELL,
4. s. BRINGIER. II
Sec. 2. They shall be called together by the !
resident and shall proceed to organize within
ne week from the 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. L. The Capital Stock OF this company is
ereby fixed at ONE HUNDRED THOU SAND
DOLLARS ($1O0, 0O0) represented by one thou
and shares Of ONE HUNDRED DOLLARS
s100) each.
By previous agreement between the parties 7
We hundred (500) shares are hereby assigned to j
ne Julius Robert Diffusion Process Company"
nd 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 T
atil the same is paid in full
ARTICLE TX,
Books for the registry and transfer of stock