New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-06
CORPORATIONS.
CALCASIEU 6UkPEUK
AND
MINING COMPANY OF L0UIsFAE 4.
UNITED SrAres oY AS6ERICA, I
Stase If I.nnI siana Cirq of New Orleans. I

Be II known, that OF this the third day OF March,
IN the year of Lord one thousand eight nun
ored au6 seventy, and of the independence OF the
United states of America the ninety fourth before
me, John g. kustis, notary public IN ana 1or tne
city of New Dreams. State of Louisiana aforesaid,
duly commissioned and sworn, personally came and
appeared the persons hereinafter named and nm
dersigpea. who severally declared nat. avsilipg
themselves of the provisions of tie statutes OF the
state of Louisiana relative to organization of
corporations in this state, they have agreed, and
hlnd themselves and those whom they represent, TO
form the mseves into corporation for the objects.
and under the stiputarions, reg uatons and obiiga
tlons following. to w.t.
ARTICLE FIRST.
T he c9Fo9rsts nss 81 tas assooaSn shsi oe
COMPANY OF LUUlSIAHAS
1t snail have .orats seal. and for device the
coat ct arms OF the state Of Louisiana. and for
inscription the name OF the company and the date
ARTICLE SECOND
The place of business aud the legal doncil OF this
company snsli be the city Of New Orleans
ARTICLE THIRD.
the object of the alton shall be to purcn ass
parish of CacasIau. in tina state OF Lousiaps afore-
said, covering tract of about fourteen hundred
uIen SAID lands for mineral oil fetrole cum.
Sulphur. Salt, Goal Ore. other minerals 6nd for
copper Iron, Lead other metals Except Only
mineral W'ters,, which ISsy 20 found on or beneath
said lands and 10 TAX carry away and sell the same,
and receive the proceeds Of the and Tor
csluF 5ucn other powers ana privileges as may he
necessary for the business eppertsining thereto, or
H.
ARTICLE FOURTH
The capital stock of this association is hereby
fixed at seven hundred and fifty thousand dollars,
represe nted by fifteen thousand shares OF fiftv do
lars each. Three thousand seven hundred and fifty
shares Of said stock rs the property of Tru1ton Low
ell aud three thousand seven hundred and fifty
Widow Hi,aire Escoubas, aud shah be deemed as
pAC up, this time. to the extent of fifty dollars
per share and iui paid stocs not Liable to any con
srIDottons CT assessments Two thonsano tive nun
dred shares Of SAID stock IS the property of Aieyau
der Bonneval and his associates, and shall be
deemed as paid up. 70 the extent OF TIM, five dol
lars per share, at this time, and shall be exempt
from all calls uut the other shares Of stock shall
hhye been taken and snail nave pao thlTty-h dol
lars per share Five cent OF eacn subscription 70
the her stock sha!! payable al tie time Of sub
scripton. and the ryInslnder Shai be paid at the
tine and ID the determined by the Board Of
Directors; provided hat not more than ten dollars
per share OF such sabscr ptlou shall be called Tor at
any one time and not ottener than once thirty
DAYS and provided, further that subscriber shall
be called on for more than Dty dollars per share,
and bis stock be Their considered as fully paid.
should any subscriber or stockhoder neglect
refuse to pay punctualy his nstarnents they fall
duo, interest thereon shall be acded at the rate CT
ella ht per cent per annum from maturity till pay
ulent and If said payments be not made WITHIN
thirty days after the specified time of payments,
the Board of Directors shall have the right of
ing any shares on which irstailments may Re due
TO be sold at public auction otherwise, after
days advertisement in any newspaper published in
the city OF New Orleans or Of recovering by su;t az
Law the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obli-
cations of Alex snder Bonnevsl and others Ter the
provisions and terms of contract of date the thrd
ard Mrs -Eicow Hiairs Escoubas, deposited and Of
record in tie office OF the Undersigned notary, said
March. 1870, granting TO said Alexander Bonneval
and others 3 Lessee OF the lsuds aforesaid, Tor the
term OF nlnetynIne years Tor mining purposes.
as set forth and expressed in laid contract, when
contract is hereby referred to, and certified
COPY made part hereof.
And this corporal on hereby lSates itself to do
and perform every obligation, condition and re
ouirement IN said contract to hold the
sid Alexander ,nneva and otners, his associates,
harIness from all liability growing out OF the non
Andt tie said Alexander Bonneval and others, bis
associates, for the consideration herein expressed
and contained does hereby transfer, assign, convey
and absndon unto this corporation all the rights
and privileges granted or conveyed to him and
the, by said contract with 81 the rights ana fran
cnises therein contained. to have, mold and Ell JOY
the same, fully and as freely as though sad con,
tract had bseu made directly with this corporation.
Three thousand seven hundred and fifty shares Of
the stock of said company shall ne the property OF
sad lruIton Lowell: three thousand seven hun.
dred and nifty shares sha! pc ina property OF said
Mrs. Widow Hi are EscouhGs; Two thousand five
hundred shares CT said atock snail bs the property
OF Alexander Bonpevai ano his associates upon
payment Of ten dollars per share and hen shall lie
deemed TO be rad shares 10 tie extert of thirty i've
dollars per share. and not liable TO Calls for further
contributors. until all the other shares shall
been pad up to thIrty-hve dollars per share, ard
thereafter al the stock. consisting of wen; five
hundred shares, heretofore assigned TO Alexander
BorGeva aGd MS associates, and ne d d. them,
aforesaid, their assigns rsnferees, shan stand
upon Tire same footing an shah Cortr butte ecu ally
share and snare s!ite. to the necessities and re.
tie provisions CT article four OF tins charter.
ARTICLE SIXTH.
This corporation shall go into etfec. and con
uleuce operations II IN the date hereof.
ARTICLE SEVENTH
This charter may be modified or altered and the
capital STOCK may be increased with the consent CT
nlaetiug of tie stockholders convened for that pur
pose, after thirty days notice By publication IN any
daily newspaper OF the city of New Orleans.
Whenever an increase of the capital stock shall be
duly authorized. ninety DAYS notice of the same
ety of New Oresn Within whieh lime oil
shall have first privilege OF taking addition al
s1ares in proportion 70 the AMOUNT Of Their stock,
time may be disposed OF by the Directors for the
benefit OF the corporation.
ARTICLE EIGHTH.
All business of the corporation shall be managed
by Board of Directors, consisting OF nine stock
holders, each of whom shall hold in his own rig ht
fifty shares of the capital stock of this corporation
But the Board of Directors AZ be increased to
twelve when all the shares of the capital all
have been taken.
ARTICLE NINTH
The following named Stockholders viz: Paul
Fou1chy. :. ID: Kennedy. W Is. koontz Amilcar
Peychaud. Truxton Lowell F. H. Summers, shah
compose, and hereby constituted. the first
ing, elect one of their number President Of said
Board and shall serve until perseded BY their sue.
cessors who shall be elected as provided il article
tenth.
ARTICLE TENTH
On the second Monday of January, 1872, and an
nually thereafter, eisctIon of Directors by the
stockholders shall be held at ,he Office of the cor
poraton, for which election previous notice OF ten
Gays shall be given two newspapers pu biished in
the city of New Orleans.
ARTICLE ELEVENTH.
4 plurality OF votes, eouu ting one vote fer each
share of stock voted upoo. bat no one holder
shall vote on more than five hundred shares, shall
be snttclant u elect NlrEcLnrs NJ -.