The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-09-15

ARTICLE VII.
Sec 1. The following named stockholders shah
/ compose and are hereby constituted the a..
Board of Directors and officers of this commas
until the first regular election, provided f6r 4,
Article ~, to wit:
THOS. TASKER. ................Vi Vice Presidenst
R. SEIG .Tressnrass.
A. T. JANIN .Secr sts.
C. G. JOHNSON,
j. w. LABOUBSE,
Fl. SCHULTZ, ..... Directors at Largo
A. MITCHELL, '''
NJ. s. BRINGIER,
Sec. 2. They shall be called together bv thu
President and shall proceed to organize within
one week from the date OF this act, and said first
Board shall have and exercise all the powers
herein vested in the Board of Directors and Of.
GERS of this company.
ARTICLE VIII.
SEC /. The Capital Stock of this COMPANY in
hereby fixed at ONE HUNDRED THOUSAND
DOLLARS (s100, O0Ol, represented by one thou
sand shares of ONE HUNDRED DOLLARS
(s1O0) each.
By previous agreement between the parties
five hundred 5000 shares are hereby assigned 10
the Julius Robert Diffusion Process Company.n
and are considered as full paid stock.
| The other five hundred (500) shares are re-
tanned as property of the Company and open
to subscription, at such time as the Board Of
Directors may by resolution determ ne, the full
amount of each share to be paid for in cash upon
/ subscribing therefor.
| SEC. 2. No certificate Of stock shall be issued
until the same is paid in full.
| ARTICLE X.
| Books for the registry and transfer Of stock
| shall be kept at the Office of the Company sub
ject to the by laws. All transfers of stock shall
| be made on the said books and signed BY the
translerror or his attorney in fact, which books
the Directors may close as often as convenience
| or expediency may require, and for a period not
exceeding thirty days. No transfer of less than
| one full share of stock shall be permissible.
ARTICLE X.
No stakeholder in this corporation shall ever
be liable responsible for the contracts or faults
of the corporation beyond the amount of his
stock.
ARTICLE XI.
1t shall be the duty OF the President to call a
general meeting of the stockholders whenever
called upon to do so by a vote of the board, or
written request of number of stockholders
representing at least one-fifth of the Capital
Stock of the Company, and it shall be his duty
to convene the Board of Directors at any time
upon the written request of two Directors
ARTICLE XII.
In consideration of the five hundred (500l
shares allotted to the "Julius Robert Diffusion
Process Company" as stated in Article VIII
they turn over to this Company the two diffusion
apparatus and all other machinery owned by
them and now lying at Southwood and Belle
Alliance Plantations, and renounce their royalty
on all sugar and molasses that may be made by
this Company, and they bind themselves and
their heirs to execute, acknowledge and deliver
to the said Company such deeds, writings or
other instruments as shall or may be necessary
to effect in due form to SAID Company the sale
and remuneration above stated.
ARTICLE XIII.
1t shall be lawful for the stockholders of this
corporation, at a general meeting to be convened
fnrt hot oft
ished in one newspaper of this city, to increase
the capital stock Of this Company to any amount
not exceeding five hundred thousand dollars
$500, 00O), and to make any notifications, addi-
tlons or changes in this act of incorporation, or
to dissolve the Company, with the assent of
three fourths of the stock represented at such
meeting. Such modification, addition change or
dissolution shall be recorded as required by
law.
ARTICLE XIV.
Whenever the dissolution of the company shall
take place either by the limitation of its charter,
the vote OF the stockholders, as provided in the
foregoing section, or otherwise, its affairs shall
be Immediately placed in liquidation under the
charge OF two commissioners appointed by the
Board OF Directors. Said commissioners shall
be solvent persons not indebted to the COMPANY
and residents of New Orleans
They shall remain in Office until the final liqui-
dation of the affairs of the company and the dis.
trlbution OF the surplus funds among the stock
holders.
Their compensation shall be fixed before their
election, and shall not exceed two and hall
per cent (2La per cent? of the assets realized by
them, and III case OF q vacancy occurring from
any cause whatever, the remaining or surviving
commissioners shall Immediately appoint another.
otherwise anv court OF general civil jurisdiction
N the parish OF Orleans may make such appoint
ment, on the petition OF any three stockholders.
ARTICLE XIV.
The fiscal year of this company shall end on
he first day of March in each year. On that day.
II as soon thereafter as practicable, the books
If the company Shall be balanced and a general
statement OF it's affairs be prepared and submit
ng such election OF directors
Thus done and passed at my Office in New Or
cans In the presence of Andrew J. Armstro
md Fred. Stansbury, lawful witnesses residing,
this city, who have hereunto signed their
James as such, with said appearers ard me, said
otary, on the day, month and year herein first
1r1tten. after reading the whole.
Original signed
JNO. W. LABOUIssE.
r. SIEG,
R: G. CAMMACK,
VICTOR MEYER.
s. Il. RELF
T. L. AIREY & CO.,
OTTO KRATZ,
A. J. ARMSTRONG.
F. STANsBURY,
j. G. EUSTIS,
Notary Public
l, the undersigned, Deputy Recorder of Mort.
ages, in and for the parish of Orleans and CITY
New Orleans, do hereby certify that the within
ld foregoing Act of Incorporation was This dav
uy recorded in my Office, according to law. ia
. us, folios 6l8, 619, $40, 621. 622 and 623.
New Orleans, La, June 81, 1875.
(Signed) G. DARCANTET,
Deputy Recorder.
L certify the above and foregoing to be a cor
ct copy OF the original Act Of incorporation
ID certlhcate OF recordation thereof extant in
= current register. -
In faith whereof. grant these presents under
y, hsnd ana the impress OF my official seal, this
tn day OF June, A. d. 1875.
;oo- ;-ooo ]. G. EUSTIl, Notary Public.
st. Charles Hotel.