The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-10-08
CHARTER.

CHARTER.
srcb by.laws for the proper management anu y.
raonlation of its affairs as may be necessary VI
ey1edient and to exercise such other =
r;Gbts and powers as may be conferred upon y
by the general or special laws OF Inls o'a'o' - -
the United States, or any thereon.
ARTICLE II.
r,,;a oor,oration chooses the city of New Or
aons in the parish of Orleans, as the place OF l!s
Son1cile and designates its President, or IN MS
oh. ance the Vice President, as the ofhcer on
whom citation or other legal process, or no'lee
may be served rcDru
The object and purpose OF TINS ooap srd ~,
and the nature of the business to be carrleu on
hv 4 shsll be the manufacturing OF cane sugar
through the julius Robert Diffusion = Iro Cs
from cane to be bought, or raised on Tue ooi i7
napy's own or rented lands, 1t belng uliu9ie SUI;
that this Corporation may also false anu I.4s "
vate such corn and other incidental prooucts as %
mav he required to facilitate the producilou Vi
cane and further to construct or cause W 10 III
sfructed and applied the machinery and appaIa-
tina necessary to the manufacture OF cane sugar
as above.
src I All the corporate powers Of the Com
many shall be vested in, and its business shaA DC
managed by a Board of Directors consisting Oh
nine 19) members, each OF whom must pe
stakeholder, holding in his own name or lne
name of the firm OF which ne Is d menpoi, noe
Company; provided, that no two or more mem en- ,
hers of the same firm shall at the same time hoiu
seats on the board, except as regards tLe ~
lus Robert Diffusion Process Company, WHICH,
on account of special concession mace W tns
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. O. Said directors, excepting the two ex-
officio directors allotted to the Jullus ROBERT
Diffusion Process Company, shall be elected an
nuallv. 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, VINO 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 l0) days previous TO the Gay Oh
election, and should either OF them decline or
fail to attend in time, the President OF the b6aTd,
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 T. The Board of Directors shall cause pub
lie notice of each election to be given by the Sec
rotary, at Least two weeks III advance, ny puon-
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 ONCE
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. 6. The directors elected shall take their
seats on the Monday next following the election.
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 a director absents himself, it
will be in the power OF the board to appoint tenn
porarily in his absence another stakeholder to fill
his place; provided, such substitute has the
qualifications required for director.
SEC. 8. 1--we members shall constitute
quorum.
ARTICLE V.
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 he
may have shares, and may cast such votes either
in person or by proxy; provided, that no 1ndl-
vidual, firm or corporation shall be entitled to
more than two hundred votes.
A plurality of votes shall be sufficient to elect
and decide all questions, except when otherwise
required by law or by this charter.
ARTICLE VI
SEC The officers of this company shall con-
sist of President. a Vice President, Secretary
and Treasurer, each of whom shall be chosen
from among the; Directors for the time beng.
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
tors, at their first meeting after each general
election.
SEC. 3. The Board of Directors may appoint
such clerks, assistants CT employees as may be
deemed necessary for the purposes Of the COM
panv, aud remove same at pleasure. and shall
fix the salary and compensation OF all officers and
employers of the company, and the amount of
bond to be required Of any officer employee or
agent
SEC. L. The Board may also delegate such
power in the transaction of the ordinary business
of the company as they may deem expedent to
committees 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
enact bylaw and to adopt corporate seal for
ARTICLE VII.
SEC. l. The following named stockholders shall
compose and are hereby constituted the first
Board of Directors and officers of this company
until the first regular election, provided for in
Article ", to wit:
Q. KRAFT. President
IHOS. IAShER. Vice President
Il. SEIG .........-.......... treasurer
C. G. JOHNSON.
J. w LABOUhSE,
II. SCHULTZ. Directors at Large.
A. MITCHELL.
NJ. S. BRINGIER,
Sec. 2. They shall be called together by the
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 III the Board OF Directors aud Off
GERS of this company.
ARTICLE VIII
Sec. l. The Capital Stock of this company is
hereby fixed at ONE HUNDRED THOU SAND
DOLLARS (SI00, 0O0), represented by one thon
sand shares OF ONE HUNDRED DOLLARS
(S100) each.
BY previous agreement between the parties
five hundred (500) shares are hereby ASST gned to
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
therefor.
SEC. g. No certificate Of stock shall be issued
Until the same is paid ia full.