The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-02
CHARTER.

CHAhIEkks
regulation of it's affairs as may be necessary or |
exDedient. and 10 exercise such other incidental |
rights and powers as may be conferred upon It
by the general special laws OF this State, or OF
the United States, or any thereon.
ARTICLE II.
This corporation chooses the city OF New "
leans in the parish of Orleans as the place OF its
domicile and designates its President, or In his
ab. ence, the Vice President, as the officer on
whom citation or other legal process, or notlce |
may be served. |
The object and purpose OF this Corporation, |
and the nature of the business to be carried on
by IL shaIl 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, 1t beng understood
that this Corporation may also raise and Guilt
waite such corn and other incidental products as
NAV be required to facilitate the production OF
cane and further to construct or cause 10 De con-
structed and applied the machinery ana appara-
tus necessary to the manufacture OF cane sugar
as above.
SEo l. All the corporate powers OF the Com
pany shall be vested in, and It's business snall De
managed by a Board of Directors consisting OF
nine (9) members, each of whom must be
| stockholder, holding in his own name or the
| name of the firm OF which he ls a member, not
less than five shares OF the capital STOCK OF the
COMPANY: provided, that no two or more men,
beers of the same firm shal at the same time h0io
seats on the board, except as regards the Ju-
| Illus Robert Diffusion Process Company, "ncp,
| on account of special concession maze 10 tnls
| COMPANY shall be entitled to two representa-
| tiyes to be chosen by them from their board OF
directors and who shall ex-officlo be members OF
our board. no.
| SEC. g. 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 Oh
| the first Monday of April, 1876. Such elecuoh
shall be by ballot, at the office OF the COMPANY;
| and conducted by two commissioners, who snail
preside over the same and make proper returns
of the counting of the ballots ,.,,h
| SEC g. Said commissioners of election shall Dc
elected by the board from among the stcckholde
ers at least ten (lo DAYS previous 10 the ~ q,
fail to attend in time, the President OF the Board
or if he be not present at the opening OF the
pol]. any other officer of the Company may sup
DIV the vacancy by appointment ,
SEC T. The Board of Directors shall cause pup
lie notice of each election to be given by the sec
retary, at least two weeks in advance, by publ
cation in one newspaper issued daily IN TINS CITY,
SEC. 5. failure to elect the directors on sne
} day named for that purpose, shall not dissolve
the corporation, but the directors then IN once
shall hold over until their successors are elected
and qualified, and when such failure shall occur,
it shall be the duty OF the Presldent lortrMlIh W
giving notice thereof as above provided.
!, SEC g. The directors elected shall take their
seats on the Monday next following the eiectlon.
When majority of the board are duly elected II
hall not be necessary to hold further elections to
iii M the vacancies, but said vacancy shall be
supplied by election made by said majority. :. :,
SEC T. When director absents himself, II
will be in the power Of the board to appoint tenn.
porarily in his absence another stockholder 10 NJ
his place; provided. such substitute has the
Qualifications required for director.
, SEC 8. FIVE members shall constitute
quorum. r
AT all elections and on all questions submitted
to a general meeting of stockholders. each stock
holder shall be entitled to as many votes as ne
, may have shares and may cast such votes eithel
in person or by proxy; .providfd that no ma
vidual, firm or corporation snail Dc ehuueo "
more than two hundred votes.
A plurality of votes shall be sufficient to eiec
! and decide all questions, except when otherwise
e required by law or by this charter.
E ARTICLE vi.
i SEC. 1 The officers Of this company shall con
s sist of President, Vice President, Secrt tar
Il and a Treasurer. each of whom shall be chosel
g from among the Directors for the time be rs
V Their duties shall be such as appertalns to tn
!; nature Of their Office or may be defined IN III
f SEC. 3. They shall be elected in the order Il
d which they are above enumerated by the D1rec
tors. at their first meeting after each genera
election.
such clerks, assistants or employees as may o
al deemed necessary for the purposes OF the com
,, panv and remove same at pleasure. and sha
!, fix the salary and compensation OF ali oihcers an
II employers of the company, and the amount
m | bond to be required OF any officer, employee 0
4 agent. . -
N power in the transaction of the ordinary busines
- of the company as they may deem expedlent I
AZ committees of their own body or to ofhcefs G
~ emnlovees or age nts in or out of the State.
SEC s, The Board shall have authority t
,e enact bylaws and to- adopt corporate seal &c
Y the company.
| SEr 4 The following named stockholders sha
id compose and are hereby constituted the frs
st Board of Directors and officers OF this cOmpan
until the first regular election, provided for
Article ", to wit: NIL.
THOS- TASKER. Vice Presidel
r. SEIG. Ireasur'
A. T. JANIN .Secretal
G. G. JOHNSON,
J. W. LABOUISE,
Ii. SCHULTZ, 800. directors at LaTS
A. MITCHELL,
NJ s. BRINGIER. =,
SIC. D. They shall be called together by Il
President and shall proceed to organize with
one week from the date OF this act, ana SAID nr
Board shall have and exercise all the poGwe
herein vested in the Board of Directors and OF
GERS of this company.
ARTICLE VIII.
~ Sec. l. The Capital Stock of this COMPANY
VI hereby fixed at ONE HUNDRED THOU5 SAN
We DOLLARS (s100, 000), represented by one tho
Nv sand shares of ONE HUNDRED DOLLAf
IN (s100) each. /,
IA Bv previous agreement between the part
III five hundred (500) shares are hereby assigned
the Julius Robert Diffusion Process Company
and are considered as full paid stock.
The other five hundred (50O) shares are r
80 tanned as property of the Company and opt
' ue to subscription, at such time as the Board
nv Directors may by reso luton determ ne, the II
ny amount of each share to be paid for in cash upC
or subscribing therefor.
81 SEC. O. No certificate Of stock shall be ISSUE
'i' until the same is paid in full.
ARTICLE TX.
Books for the registry and transfer OF sto
- shall be kept at the Office Of the Company, 81
iect to the by laws. All transfers OF stock sh;
be made on the said books and signed by u
transferror or his attorney in fact, which boo
ay the Directors nav close as often as convenien