The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-07-03
CHARTER.
STATE OF LOUISIANA,

STATE OF LOUISIANA, |
PARISH OF ORLEANS, CRY OF NEW ORLEANS.
| BE IT KNOWN, that, on this Eighteenth day
OF the month OF June, in the year OF our Lord
| one thousand eight hundred and seventy-fve,
| and Of the Independence of the United States Of
America the ninety ninth,
Before me, JOHN G. EUSTIS, Notary Pub
Lie, in and for this City and Parish Of Orleans,
State OF Louisiana, duly commissioned and quail
fed, and in the presence Of the witnesses here
| matter named and undersigned,
Personally came and appeared the parties
whose names are hereunto subscribed, acting TO
themselves and those whom they represent, as
corporatOrs, and for such other persons as may
become associated with them by succession, pur-
chase, transfer, or subscription, who severally
declared that, availing themselves of the pro-
visions Of the laws Of the State of Louisiana re-
lative to the organization OF Corporations for
| works of public improvements and for other pur-
poses, they have covenanted and agreed, and do
by these presents covenant and agree to form
themselves into and cons itute q corporation
under the following articles, which they adopt as
their charter:
ARTICLEI.
The name of this corporation shall be the
FIRST CENTRAL DIFFUSION SUGAR MAN
UFAOTURING COMPANY, and by that name it
shall have power and authority
First. To have and enjoy succession for the
period OF twenty-five years.
Second. To contract, sue and be sued.
Third. 70 make and use corporate seal.
Fourth. To hold, receive, purchase, and con-
vey property, real and personal.
Fifth. To name and appoint such managers.
directors and officers as it's interest and con-
venience may require.
Sixth. To establish, make, alter, or amend
such be-laws for the proper management and
regulation of its affairs as may be necessary or
expedient; and to exercise such other incidental
rights and powers as may be conferred upon it
by the general or special laws of this State, of
the United States, or any thereof.
ARTICLE II.
This corporation chooses the city Of Now Or
leans, in the parish OF Orleans as the place OF ts
domicle, and designates its President, or in his
Absence, the Vice President, as the officer on
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 Guilt
vate such corn and other inciden tai 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 appara-
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 10y members, each Of whom must be a
stakeholder, holding in his own name or the
name Of the firm OF which he is a 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 i 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-
oficio 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 8. Said commissioners of election shall be
elected by the board from among the stockhold-
ers at least ten (10) 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. 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 are elected
Ind qualified, and when such failure shall occur,
t 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 |
.eats on the Monday next following the election.
When majority of the board are duly elected, it |
hall not be necessary to hold further elections to
i'll up the vacancies, but said vacancy shall be |
uppied by election made by said majority.
Sec. Z. When q director absents himself, it |
will be in the power of the board to appoint tenn
,orary in his absence another stockholder to fill
lis place; provided, such substitute thas the
qualifications required for director.
Sec. s. Five members shall constitute
quorum.
ARTICLE V.
At all elections, and on all questions submitted |
o general meeting Of stockholders each stock
lolder shall be entitled to as many votes as he
nay have shares, and may cast such votes either
n person or by proxy; provided d, that no indi-
idual, firm or corporation shall be entitled to
more than two hundred votes.
A plurality Of votes shall be sufficient to elect
nd decide all questions, except when otherwise
equired by law or by this charter.
ARTICLE vi.
Sec. The officers of this company shall con-
list of President, Vice President, Secretary
nd Treasurer, each of whom shall be chosen
rom among the Directors for the time be ng.
heir 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
vhich they are above enumerated by the Direc-
ors at their first meeting after each general
lection.
Sec. 3. The Board of Directors may appoint
UGH 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
mployees of the company, and the amount of
ond to be required OF any officer, employee or
gent.
SEC. L. The Board may also delegate such
over in the transaction Of the ordinary business
{ the company as they may deem expedient to
ommittees 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
ne company.
ARTICLE VII.