The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-22
CHARTER.

CHARTER.
|, such bylaws for the proper management ant
regulation of it's affairs as may be necessary
: expedient: and to exercise such other lncldenta
rights and powers as may be conferred upon
by the general or special laws OF this STATE VI
: the United States, or any thereon.
ARTICLE II.
This corporation chooses the city of New Or
leans in the parish of Orleans, as the place OF It'll
domicile and designates it's President, or IN his
alb. ence, the Vice President, as the ofacer on
whom citation or other legal process, or notice
may be served.
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
panys own or rented lands it being understood
that this Corporation may also raise and cultl-
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 con-
structed and applied the machinery and appara-
tus necessary to the manufacture of cane sugar
as above.
ARTICLE ".
SEC l. All the corporate powers of the Com
pany shall be vested in, and it's business shall be
managed by Board of Directors consisting OF
nine (9) members, each OF whom must be a
| nOlulDR
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 If the same firm sha at the same time hold
seats ON the board, except as regards the " Jul
| 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-otficio be members OF
| our board.
| Spc Q Said directors excentino 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
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 (lO) 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. t. 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 dali 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 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 1T
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. 7. When director absents himself, it
will be in the power of the board to appoint tenn
hold
his place provided, such substitute has the
qualifications required for director.
SEC. s. 1--we 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; provide d, 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-
sst of President, Vice President, Secre tary
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.
which they are above enumerated by the Direc- |
tors, at their first meeting after each general
election.
Sec 3. 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
EN- loyees 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 expedIent 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 a corporate seal for
the company.
ARTICLE VII.
Sec. /. 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 il 81 !, ~ ~, to wit n,
THoS; TAsKER, Vice President
A. A. r MISUNDERSTANDING e eretarr
G. G. JOHNSON,
J. W. LABOUlSE,
FL. SCH ULTZ, f..... Directors at Large
A. MITCHELL,
NJ. S. BRINGILR,
Sec g. They shall be called together by the
President and shall proceed to organize within
one week rom 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. 1. The Capital Stock of this company is
hereby fixed at ONE HUNDRED THOUSA
(slOO,00O), represented by one thou
sand shares of ONE HUNDRED DOLLARS
5000 each.
By previous agreement between the parties
i've hundred 5000 shares are hereby assigned to
,he Julius Robert Diffusion Process Company"
md are considered as full paid stock
The other i've hundred (5OO) shares are re-
aimed as property of the Company and open
% subscription, at such time as the Board of
Directors may by resolution determ ne, the full
mount of each share to be paid for in cash upon
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
hall be kept at the Office of the Company, sub ,
ect to the by laws. All transfers of stock shall
,e made on the said books and signed by the
or his attorney in fact which books