The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-13
CHARTER.

/ CHARTER.
OBSERVATION-DISCLOSURES
such bv-laws for the proper management ant
regulation of its affairs as may be necessary O.
expedient; and to exercise such other 1ncldenta
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 IL
This corporation chooses the city of New Or
leans, in the parish Of Orleans the place OF itf
domicile, and designates it's President, or in his
| absence, the Vice President, as the officer or
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 inciden tai 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 appsra-
tus necessary to the manufacture Of cane sugar
| as above.
ARTICLE ~.
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 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 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 exofficio be members of
our board.
SEC q 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. 8. Said commissioners of election shall be
elected by the board from among the stockhold-
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.
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. 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 ma ority of the board are duly elected, it |
hall not be necessary to hold further elections to
ill up the vacancies, but said vacancy shall be
supplied by election made by said majority,
SEC. T. When director absents himself, it |
will be in the power of the board to appoint tenn.
porariy in his absence another stock holder to fill
MIS- 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
20 general meeting of stockholders, each stock
holder shall be entitled to as many votes as he
nay have shares, and may cast such votes either
n person or by proxy; provided, that no indi-
'lduat, firm or corporation shall be entitled to
more than two hundred votes.
plurality of votes shall be sufficient to elect
md decide all questions, except when otherwise
equired by law or by this charter.
ARTICLE vi.
Sec 1 The officers of this company shall con-
list of President, a Vice President, Secretary
md Treasurer, each OF whom shall be chosen
rom among the Directors for the time be ny.
heir duties sha II be such as appertains to the
ature of their Office or may be defined in the
y-laws
Sec 2. They shall be elected in the order in
7hich they are above enumerated by the Direc- ]
brs, at their first meeting after each general II
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
nployees of the company, and the amount of
ond to be required OF any officer, employee or r
gent.
Sec. f. The Board may also delegate such l
over in the transaction Of the ordinary business
the company they may deem expedient to s
OF their own body or to officers or
Employees or agents, in or out of the State
SEC. S. The Board shall have authority to =
nact bylaws and to adopt corporate seal for I
le company.
ARTICLE VII. @
SEC. 1. The following named stockholders shall
impose and are hereby constituted the first
GARD of Directors and officers of this company
ntil the fret regular election, provided for in Il
rticle ", to wit:
HOS. TAsKER. Vice President
nIiU treasurer
G. JOHNSON,
W. LABOUH,SE, o.
SCHULTZ, Directors at Large.
MITCHELL,
s. BRINGIER, y
SEC. g. They shall be called together by the r
'esident and shall proceed to organize within :
e week from the date of this act, and said first
'ard 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 ia
reby fixed at ONE HUNDRED THOU SAND
)LLARS (sl00 ,000), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties r
@ hundred $500 shares are hereby assigned to Il
3 Julius 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
rectors may by resolution determ ne, the full
cunt of each share to be paid for in cash upon
,scribing therefor.
SEC. 2. No certificate Of stock shall be issued r
til the same is paid in full
ARTICLE TX
socks for the registry and transfer of stock
III be kept at the Office of the Company. sub ~.
to the by laws. AL transfers of stock shall m
do IL,