The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-28

CHARTER.

| I'll An En-
regulation of it's affairs as may be necessary o
expedent and to exercise such other lncldenta
rights and powers d 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, as the place OF 1T
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
1 that this Corporation may also raise and cult
yate such corn and other incident tai products Sc
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.
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 a
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 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. officio 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
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 Q0) 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. 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 ma jority of the board are duly elected it
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
IT,,
his place; provided, such substitute has the |
qualifications required for a director.
Sec. 8. Five members shall constitute a |
quorum. |
ARTICLE Y.
At all elections, and on all questions submitted
% 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; provide d, that no indi-
'idual, 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
equlred by law or by this charter.
ARTICLE vi.
Sec. The officers of this company shall con-
list of President, Vice President, q Secre tary
md Treasurer, each Of whom shall be chosen
rom among the Directors for the time be ny.
their duties shall 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
7hioh they are above enumerated by the Direc-
ors, at their first meeting after each general
lection. |
SEC. 8. The Board OF Directors may appoint
ueh clerks, assistants or employees as may be
eemed necessary for the purposes of the COM
any, and remove same at pleasure. and shall
x the salary and compensation OF all officers and
n ployees OF the company, and the amount of
ond to be required Of any officer, employee or
gent.
Sec. T. The Board may also delegate such
over in the transaction of the ordinary business
the company as they may deem expedlent to S
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
nact bylaws and to adopt a corporate seal for /
le company.
ARTICLE VII. |r
Sec. 1. The following named stockholders shall
impose and are hereby constituted the first
GARD OF Directors and officers of this company
ntil the first regular election, provided for in t
rticle ", to wit:
HOS. TAsKER. Vice President
SEIG. Treasurer
G. JOHNSON,
W. LABOUI,SE, o
SCHULTZ, Directors at Large.
MITCHELL.
8. BRINGIER, n
Sec 2. They shall be called together by the =
esldent ana snail proceed to organize within =
q 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
RS OF this company.
ARTICLE VIII.
SEC. l. The Capital Stock OF this company is
reby fixed at ONE HUNDRED THOUSAND
)LLARS (sl00, 000), represented by one thou
nd shares Of ONE HUNDRED DOLLARS
1907 each.
By previous agreement between the parties r.
9 hundred $500 shares are hereby assigned to L
Julius Robert Diffusion Process Company"
are considered as full paid stock.
The other five hundred (5OO) shares are re-
ned as property of the Company and open
subscription, at such time as the Board of
ectors may by reso tuition determ ne, the full
cunt OF each share to be paid for in cash upon
,scribing therefor.
Ec. g. No certificate Of stock shall be issued =
ii the same is paid in full. L
ARTICLE k
looks for the registry and transfer of stock
ii be kept at the Office of the Company. snb- A.,
to the by laws. All transfers of stock shall M
made on the said books and signed by the
nslerror or his attorney in fact, which books
Directors may close as often as convenience
9xpediency may require, and for period not