The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-08-04
CHARTER.

CHAKlERs
S regulation of its affairs as may be necessary Q
expedent; and to exercise such other lncldenta
3 rights and powers as may be conferred upon
by the general special laws of this State, or
7 the United States, or any thereof.
ARTICLE Ii.
This corporation chooses the city of New Or
leans, in the parish of Orleans as the place of it
domicile, and designates its President, or il hi
, alb ence, the Vice President, as the officer OF
whom citation or other legal process, or notic
may be served
; ARTICLE III.
/ The object and purpose Of this Corporation
and the nature of the business to be carried OIL
by it, shall be the manufacturing of cane suga
T through the julius Robert Diffusion Process
from cane to be bought, or raised on the Com
7 pany's own or rented lands, 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 o.
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 It's business shall be
| managed by BOARD of Directors consisting OIL
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 men,
| bers Of the same firm shall at the same time hold
seats on the board, except as regards the 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. 2. Said directors, excepting the two ex-
officio dire tors 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 1O) 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 be 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
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. &. The directors elected shall take their
seats 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
fill up the vacancies, but said vacancy shall be |
supplied by election made by said majority.
SEC. 7. When director absents himself it |
will be in the power of the board to appoint tenn
porarly IN his absence another stock holder to fill
his place; provided, such substitute has the |
qualifications required for director.
SEC. .. Five members shall constitute |
quorum.
ARTICLE
At all elections ard on all questions submitted |
to a general meeting of stockholders. each stock
holder shall be entitled to as many votes as he
may have shares, ard may cast such votes either
N person or by proxy; provide d, that no indi-
Vldua', firm or corporation shall be entitled to
more than two hundred votes.
plurality of votes shall be sufficient to elect
md decide all questions, except when otherwise
'equred by law or by this charter.
ARTICLE vi.
Sec. 1 The officers of this company shall con-
list of President, Vice President, a Secrt tary
md Treasurer, each of whom shall be chosen
rom among the Directors for the time be ny.
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
which they are above enumerated by the Direc- ]
ors, at their first meeting after each general
lection.
Sec. 3. The Board of Directors NAV appoint
ueh 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
nployees 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 L
over in the transaction of the ordinary business Z
the company as they may deem expedlent to G
ommittees of their own body or to officers or
Employees or agents, in or out of the State
SEC. 5. The Board shall have authority to n
nact bylaws and to adopt corporate seal for T
le company.
ARTICLE VII. g
SEC. /. The following named stockholders shall
impose and are hereby constituted the first
GARD OF Directors and officers of this company
ntl the first regular election provided for in IL
rticle w, to wit:
hhA L ~, President
dOr. IAShEh. Vice President
n 9HI I3,IN Treasurer
G. JOHNSON,
W. LABOUbSE, Of
SCHULTZ, ... Directors at LARGE.
MITCHELL,
s. BRINGIER, "
SEC: 2. They shall be called together by the =,
esident and shall proceed to organize within =
. Week from bEe Qate OF THIS act, and said first
ard shall have and exercise all the powers
rein vested in the Board of Directors and Off
RS OF this company.
ARTICLE VIII. *S
SEC. l. The Capital Stock of this company ia
reby fixed at ONE HUNDRED THOUSAND
,LLARS (s1O0, 000), represented by one thou
I'd shares OF ONE HUNDRED DOLLARS
00) each.
BY previous agreement between the parties IN
3 hundred (500) shares are hereby assigned to +
, Julius Robert Diffusion Process Company"
are considered as full paid stock.
he other five huudred (500) shares are re-
ned as property of the Company and open
subscription, at such time as the Board of
ectors may by resolution determ ne, the fnll
cunt of each share to be paid for in cash upon
scribing therefor.
&C. Co., z No certificate Of stock shall be issued r.
IL the same is paid ia full.
ARTICLE TX.
ooks for the registry and transfer of stock
IL be Kept at the Office of the Company. SUBJ Urn
to the by laws. All transfers of stock shall no
made on the said books and signed by the
lslerror or his attorney in fact. which books
Directors may close as often as convenience
xpedlency may require, and for a period not