The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-16

I CHARTER.
| ~-o~N~O~~~~~~~o~~~~>~ ~~~~~~~~~~~~~~~~~~~~~
such bylaws for the proper management and
regulation of its affairs as may be necessary OF
expedient; and to exercise such other incidental
, rights and powers as may be conferred upon il
by the general special laws of this State, Of
the United States, or any thereof.
ARTICLE II.
This CORPORATION chooses the city of New Or
leans in the parish of Orleans as the place Of its
domicile and designates its President, or in his
absence, the Vice President, as the officer on
whom citation or other legal process. or notice
may be served.
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
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 sugar
| as above.
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 10y members, each OF whom must be a
| SIOcknOlder, hOlCQn6 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-oficio be members of
our board.
| Spr 0 Said d;rectora axcentipo tho tvo nv
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 (10) 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 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
rotary, 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 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
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.
SEC. 7. When a director absents himself, it
will be in the power OF the board to appoint tenn
his place; provided such substitute has the
qualifications required for director.
Sec. 8. Five members shall constitute a
quorum.
ARTICLE v.
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-
viduaI 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 1 The officers of this company shall con-
sist of a 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 g. 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
employees of the company, and the amount of |
bond to be required of any officer, employee or |
agent.
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 corporate seal for
the company.
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 w., to wit:
IH o.; TAsKER ..............v Vice President
L. Seq MN treasurer
G. G. JOHNSON,
]. W. LABOUu,SE,
q. SCHULTZ, Directors at Large.
A. MITCHELL,
NJ. s. BRINGIER,
Sec. g. They shall be called together by the
President and shall proceed to organize within
)ne 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. 1. The Capital Stock of this company is
hereby fixed at ONE HUNDRED THOUSAND
DOLLARS (s100, 000), represented by one thou
and shares Of ONE HUNDRED DOLLARS
s100) EACH
By previous agreement between the parties
i've hundred (500) shares are hereby assigned to
he Julius Robert Diffusion Process Company"
nd are considered as full paid stock.
an es Onep % the and
o 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 I
ntil the same is paid in full.
ARTICLE TX.
Books for the registry and transfer Of stock
a La,, {ba oGra ~ fhnO =