Natchitoches union. [volume] ([Natchitoches, La.]) 1859-1864, 1862-08-14


men, whose service may be required for the
salt manufacture, and emove and discharge
them at pleasure. He shall make also, with
the consent of the Board of Directors, all
other contracts and any thing which he may
deem necessary for carrying on the business
of the Company.
EIGTH.
The said Raymond Thomassy hereby binds
himself towards the company to devote
all his time und practical skill to the manu-
~facture of salt, and also to use. the ,privi-
leges granted to him by the Legislature of
the State solely and exclusively for the bene-
lit Of the Company. In consideration of
these engagements and Of his patent right
for his improved method Of making salt, the
careat of this patent right being already
taken and hereby transferred to the Company
only for the State of Louisiana, L. Thomassy
shall be entitled to one-ffth of the present
capital stock, say fifteen thousand dollars,
Which said one-ffth shall be increased in pro
portion with the increase of capit / and his
salary as superintendent shall be six thou
sand dollars per annum, payable monthly !;
provided that for the increase Of capital his
Bonus Stock shall not be entitled to vote.
NINTH.
The aforesaid salt works shall be worked
by slave labor, in preference to any other,
and any subscriptions Of stockholders will be
recessed in that Kind Of property DIT their
market value, provided the number Of slaves
(women and children included) does not ex-'
ceeds thiriy y, when the capital Of the com
panY amounts to seventy-fye thousand dol
lars. Subscriptions will be also received. al
ways at the market value, Ia materials and
any kind CT labosf fit for carrying on the bust
ness.
0ne-half of the amount Of subscription
shall be paid at The time of subscribing the
act Of incorporation, and the balance after
three and six months, in two equal install
me11zsyas the Board Of Directors shall adyer-
tise after the manufacture of salt shall have
commenced.
The corporation shall go into operation
as soon as twenty-five thousand dollars Of
stock shhll haye been sub cribed for, and the
manufacture of salt shall be commenced ff-
teen days after the erection of the necessary
aie"o o any Pr =
TWELFTH
Los majority Oh otoekholders IN amount
any time, when it ceases to be profitable to
them.
THIRTEENTH. II
None Of the present stockholders, niortheir
associates or successors as such, shall be res
ponsible OF liable for any greater loss or dam
W 'l,'in tiie aliouais VI FaPllai s0och neio OF :
owned by 'nell respeeIYeiy'
~IoenTESSI4.
! ne Paf'es 70 Wis act afe hefeoy ae~
f,afeo! 70 % a. lolpo"s' 70 VII; 30
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