New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-30
CORPORATIONS.
TALCAsNEU SULPHUR
AND
MINNIE COMPANY OF LOGlsKANA
UNITED STATES OF AMERICA
Stata of InnIsInrA GIrp of MN NriranS. !

|
| Be it known, that on this the third day of March
| IN the year of our Lord one thousand eight nun
ored and seventy. and of the independence OF tae
United States of Amer the ninety fourth, before
| me, John q. Eustis, notary public in and for the
CITY of New Orleans, State of Louisiana AZORES i'd
duly commissioned and sworn pei scnaily came ant
| appeared the persons hereinafter nsmsd and un.
der-ignes, who severaly declared that, avajiil
state of Louisiana relative to the organization OF
corporations in this State they have agreed, anC
bind tn mselves and thase whom they represent tc
nm themselves into corporation for the objects
ana unoec the stipui.tions, regulations and oOiga
lions following, to wit:
ARTICLE FIRST.
ne corporate name Of this association shall be
COMPANY o. LOUISIANA
Il s6ail HAYS Cor otate seal aad for device the
inscription the name OF the company and tns date
ARTICLE SECOND.
The place Of business and the legal domic Of this
company snail! DO the city Of New Orleans.
ARTICLE THIRD.
The object of the association shall be to purchase
G lease of Ger. ain mineral lanes situate in the
parish OF Cacasisu in the State OF Louisiana af1re-
said, covering tract of about fourteen hundred
Of land, with the right to dig bore and mn ne
u on SAID lands for mineral oil PetroIeu m
SULPHUR, Sat, Coal oil or other minerals ana for
Copper Iron Lead or other metaIs fexcent oniv
mineral Iyaters), which mey be found on or beneath
said lands and to TAKE carry away and sell the same
and receive me proceeds Of the same and for
necessary for the business appertaniug thereto or
whicl Ale or may hereafter be conferred upon IL.
ARTICLE FOURTH.
The capital stock of this association is hereby
liked ut seven hundred and fifty thousand dollars
represented by nIteen thousand shares of fifty dol
lars each. Three thousand seven hundred and fifty
ell, and three thousand seven hundred aud fifty
shares of said ock is the property of Mistress
paid up, at thus time TO tho extent OF fifty dollars
share. and full paid stock, Liable to any CON
dred shares of SAID stock is the property of Aexan
der Bonneval and his associates, and shall be
lars per share, at this time, aud shall be exempt
from all calls uhti the other shares of stock shall
have been taken and shall Dave paid thirty-hgs dol
lars per share Five per cent of each subscription TO
the o her stock shall pay able at the time of sub
scfiption and the remainder snail be paid at the
time and in the manner determined by the Board of
Directors; provided that not more than ten dollars
per share OF such subscription shall be called tor
any enc time. and not ottener than once II thirty
days; and provided, further that subscriber shall
be called on for more than fifty dollars per share,
Should any subscriber or stockholder neglect or
refuse TO punctuay his installments they fall
due, interest thereon shall be added at the rate of
eiAht per cent per annum from maturity till pay
ment, aud If said payments be not made within
thirty days after the specified time of paymen, s.
tbs Board of Directors shall have the rioht OF caus
ing any shares on which installments may be due.
TO be sold at public auction or otherwise after ten
days advertiseme in any newspaper published in
the city of New or cans or of recovering By suit
iaW the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obi
cations OF Alexander Bonneval and others un4er the
provisions and terms of contract, of date the third
day of March. 1870 by and between Tru1ton Lowell
record in the office of the undersigned notary SAID
act OF deposit bearing date the seventh day of
and others lease of the lands aforesaid, for the
term of nlnety.nine years for mining purposes |
is hereby referred to, and a. certified !
copy made part hereof
And this corporation hereby obligates itself to do
ana perform every obligation, co ndtion and re- |
luremenJ in said contract contained land to no tho
haImes from all liability growing out OF the nom
performance thereof.
Ard tie said Alexander Bonneval and others, his
Tor the herein expressed
and contained, does hereby transfer assign convey
and abandon unto this corporation all the rights
and privileges granted or conveyed 10 Tim and
them, by sad contracj. With all the rights and fran
,hises therein contained. to have, hold and ROY
ne same. as fully and as freely though sad con.
tracc had made directly with this corporation.
Three thousand seven hundred and fifty shares ori
he stock of said ompany shall be the property OF
aid ITuxton Lowell: three thousand seven hun
lred aud fifty shares SHAH be the property of said
hundred shares OF said atock snail be the property
II Alexander Bonneyal and his associates upon
payment of ten dollars per share and then shall be
Iesned DO paid shares TO the extent of thirty five
dollars share. and not liable to calls for further
Contributors until all the other shares shall have
hereafter al the stock. consisting of twenty-five
hundred shares, heretofore assigned to Alexander
t;oresoid their assg ns tranierees shall stand
lpon the same footing, and shall contr butte equally,
hare and share alike, to the necessities ana re |
luIrernents OF SAID corporation, in conformity with
he provisions CT article four OF This charter.
ARTICLE SIXTH.
This corporation shall go into effect ant com.
nerCe operations IRON the date hereof.
ARTICLE SEVENTH.
This charter may be modified or altered and the
apitGi stock may be- increased with the consent ii
represented
Meeting OF tee stockhoiders, covered fer that puT
,ose after thirty days notice By publication in any
.aIy newspaper OF tbs city OF New Orleans
Whenever IN Increase OF tine cayital stock shall be
hall ba published IN two daily newspapers in the
ity Of New Orleans, within which tine stockholders
nail have the first privilege of taking aCdltiopaI
oares, in proportion TO the amount OF their stock
nd any shares not aiken aJ the expiration of that
lue may be disposed OF by the Directors for the |
,enstlJ or the corporation.
ARTICLE EIGHTH.
All business OF the corporation shall be managed
. Board of Directors, consisting OF nina stock |
oldsrs, each of whom snail hold in his own right
iuC the Board of Directors ay BIS increased to
we've when all the shares OF the capital stock shall
ARTICLE NINTH.
The following named Stockholders viz; Paul
ourchy, :. H.; Kennedy. w b. Koontz, Am,lcar
ortier, Carl Konn, Alexander Bonneval Henry
eychaud. Truxton Lowell Z. FL: Summers shall
oard OF directors, who shall, their first meet.
*, elect OF their number President OF said
oard, and shall serve until seeded By their sue
sssors, who sh2ll be elected as provided in article
NTH.
ARTICLE TENTH.
On the second Monday of January, 1872, and ar
uajy thereafter, an elect ion OF DrecIo rs by tne |
oc khOldsrs shall be held the cities o + I'd cor |
Grafton Tor which election previous notice of ten
3Js snail DO giysn IN two newspapers pa bished IN |
,e city OF New Orleans.
ARTICLE ELEVENTH.
plurality of votes, coun tug one vote for each |
lGIe OF stock voted upon, but one stoCkh5 |
Iali vote on more than i've hundred shares shai |
sufficient to elect Directors Who shall at their |
meeting after their election choose OF their
an Der tor PRESIDENT OF this corporation, and said
eCton shall be by majority or the whole board |
nd the President shall be the party upon whom |
CIT aJors and other legal process shall be served
1t shall be tue duty of the Pres cent to preside ,
al meetings OF ina board ana, tina case of nj |
1yence o. inability TO ac, IL shal he the duty of the
lard to elect one of their nun Der President uro |
IN, WI hall, for tina time being exercise the full
lwsrs Of TIE president.
All elections Shall be by ballot nnTer |