The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-05
CHARTER.

CHARTER.
:
q such br-laws for the proper management an
3 regulation of its affairs may be necessary o
: expedient; and to exercise such other incidenta
2 rights and powers as may be conferred upon
by the general special laws OF this State, or
the United States, or any thereof.
ARTICLE H.
This corporation chooses the city of New Or
leans, in the parish of Orleans as the place OF III
domicile, and designates its President, or In hi
abs ence, 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
yate such corn and other incidental products as
may be required to facilitate the production of
cane, and further to construct 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 ill., and its business shall be
managed by a Board OF Directors consisting of
| nine (9) members, each of whom must be
| 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 90 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. @ Said directors, excepting 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
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 Q0l days previous to the Gay 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
1t shall be the duty of the President forthwith to
order an election to take place thereafter, on
giving notice thereof as above provided.
SEC T.. The directors elected shall take their
seats on the Monday next following the election
When majority of the board are duly elected, it
hail 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. 2. When director absents himself, it
hQ in fhn of thah nar1
oorarly in his absence another stakeholder to fill
lis 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
o 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 Q
person or by proxy; provide d, that no indi- +
ldua, firm or corporation shall be entitled to r
nore than two hundred votes ,
a plurality OF votes shall be sufficient to elect
nd decide all questions, except when otherwise
equlred by law or by this charter. I
ARTICLE VI.
Sec. The officers of this Company shall con-
list of President, Vice President Seer. tary =,
nd Treasurer, each of whom shall be chosen
'om among the Directors for the time be ny. X
heir duties sha II be such appertains to the N
ature Of their Office or may be defined in the
y-laws.
SEC 2. They shall be elected in the order in R
hlch they are above enumerated by the Direc- R
'rs, at their first meeting after each general T
eetion. -
SEC. 3. The Board of Directors NAV appoint N
lch clerks, assistants or employees as may be T.
eemed necessary for the purposes of the COM
sny, and remove same at pleasure, and shall II
x the salary and compensation OF all officers and
nployees OF the company, and the amount of
md to be required of any officer, employee or
gent. LIZ
SEC. 4. The Board may also delegate such Le
'Wer IN the transaction OF the ordinary business Bi
the company as they may deem expedent to ST
mmittees OF their own body or to officers or
nployees or agents, in or out of the State
SEC 5. The Board shall have authority to I've
act bylaws and to adopt a corporate seal for Pr
e company.
ARTICLE VII. 70
SEC. 1. The following named stockholders shall
impose and are hereby constituted the first
ard OF Directors and officers of this company
u the hrst regular election, provided for Ia the
tiele ~, to wit:
los. TASKER. ..............v Vice President
u EHI1, N''....'............. Treasurer
q YoHNsoN Secretary
W. LABOUDSE, of
7
S. BRINGIER, TT,
Ec. 2. They shall be called together bv The -
-
week from the date Of this act and said first
ard shall have and exercise all the powers
Elm vested in the Board of Directors and Off =
& of this company. {
ARTICLE VIII. \
&c. l. The Capital Stock of this company is
eby fixed at ONE HUNDRED THOUSAND \
LIARS (sl0O,0 represented by one thou
d shares Of ONE HUNDRED DOLLARS
j0) each.
y previous agreement between the parties IN.
hundred $500 shares are hereby assigned to EG
Julius Robert Diffusion Process Company"
are considered as full paid stock.
be other five hundred (500) shares are re-
ed as property of the Company and open
Inscription, at such time as the Board of
ctors may by resolution determ ne, the fnIl
unit OF each share to be paid for in cash upon
crbing therefor.
&C.. g. No certificate OF stock shall be issued Ia
the same is paid in full. "A
ARTICLE TX.
,oks for the registry and transfer of stock
be kept at the Office Of the Company. sinh
to the by laws. All transfers of stock shall MOS
lade on the said books and signed by the
slerror or his attorney in fact. which books
Directors may close as often as Convenience
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