The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-16
CHARTER.

CHARTER.
such bs-aws for the proper management ano
regulation of it's affairs as may be necessar OF
expedient and to exercise such other incidental
rights and powers as may be conferred upon II
by the general or special laws of this State, or Of
the United States, or any thereof.
ARTICLE III.
This corporation chooses the city of New Or
leans in the parish Of Orleans, as the place OF lie
domicle, and designates its President, or IN his
abs ence, the Vice President, as the officers on
whom citation or other legal process, or notice
ARTICLE III.
The object and purpose OK 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 Iraised on the Com
pany's own or rented landsd 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 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 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 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.
Sec. 2. Said directors, excepting the two ex-
ST. oliA ta1 &k1 T,,1,, Dbl.
Diffusion Process Company, shall be elected an
nualy. 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. g. Said commissioners of election shall be
elected by the board from among the stockhold-
ers at least ten u0l 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 appointing mt.
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. S. 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 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 it
shall 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
porarily in his absence another stakeholder to fill
his place; provided, such substitute has the |
qualifications required for director.
Sec. 8. Five members shall constitute a
quorum.
ARTICLE ".
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-
vidua, firm or corporation shall be entitled to
more than two hundred votes. t.
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. 81,
Sec 1 The officers Of this company shall con-
sist of a President, a 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
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
ieemed necessary for the purposes of the COM
oany, and remove same at pleasure and shall
TX 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 T. The Board may also delegate such
hn fron OH Of
If the company as 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 a corporate seal for
he company.
ARTICLE VII. {
Sec 1. The following named stockholders shall
compose and are hereby constituted the first
80 I'd of Directors and officers of this company
Until the first regular election, provided for in
lrticle w., to wit:
}: KRAFT. 49,: ............. ........ President
HOS. TASkER. ........... 49,. Vice President
I. SEIG ........ Treasurer
!. 1. JANlN: .-..........- ........ Secretary
. W. LABOUu,SE, o
|. SGHULTZ, ......p Directors at Large.
I. s. BRINGIER, Z
Sec. q 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
ereln vested in the Board of Directors and Off
9rs of this company.
ARTICLE VIII.
Sec. 1. The Capital Stock Of this corpany ia
ereby fixed at ONE HUNDRED THOU SAND
oLLARS (sl00 O0O), represented by one thou
mo mo, shares snare OF ONE HUNDRED DOLLARS
By previous agreement between the parties 7
We hundred (5o0) shares are hereby assigned to 1
le Julius Robert Diffusion Process COMPANY
Id are considered as full paid stock.
The other five hundred (50O) shares are re-
ined as property of the Company and open
SUBSCRIPTION, at such time as the Board of
ire ctors may by resolution determ ne. the fnll
mount Of each share to be paid for in cash unon
describing therefor.
SEC. 2. No certificate of stock shall be issued r
It'll the same is paid in full.
ARTICLE X
Books for the registry and transfer of stock
all be kept at the Office of The Companv. sub- ~
ct to the by. laws. All transfers of stock shall !"
made on the said books and signed bv the
anslerror or his attorney in fact. which books