New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-19
CORPORATIONS.
CALCASEEU SULPHUR
AND
MINING COMPANY OF LGgEsEAE A.
UKrrFp SrArEs or AMERICA /
State Of I.ouIsIana, Oily OF New Orleans. J

UKrrEp SrArzs or AMERICA,
State OF LOUISIANA, City OF New Orleans }
Be Il known, that on this the third day Of March,
in tie year Oh our lord ons thousand elgnt hal-
cred aud seventy. and of neutrality-suspicious. % TIE
Ipitsd states OF Aruer She ninety ouIth, before
me. John o. Eustls, notary public IN ann IJr tne
city OF New Oreans. State Of Louisiana aforesaid,
duly com issoned and sworn, personally came and
appeared tie persons hereiuat er named ana un-
dersignea, VINO severally declared mat, avniilng
themselves Of the provisions Of tue statutes OF tne
State of Louisiana relative TO the organization OF
corporations IN this State, they have agreed, ana
bind the lnseiyes and those whom they represent to
form themselves into corporation for the ooIects
and under the stipul atoms, regulations, emo oDasa
lions following, to WIT:
ARTICLE FIRST.
The corporate name Of this association shall be
THE CALOASIkU SutfhuH AND ALNlNU
Il shaii have cor crate seal, and for device the
coat of arm of the State of Louisiana, and for
Inscription the name OF the company and the cate
" '-l' @ ARTICLE SECOND.
The place of business and the legal donicil of this
company snail DO the city Of New Ofieans-
ARTICLE THIRD.
The object of the association shall be to purchase
3 lease OF csrtain Ininera! lanes, situate IN the
parish of Calcaseu. 10 tbs stats OF louisiana atore
said coverisg a tract Of about fourteen hundred
of lano, with the right TO dig, bore and mlEe
uIen said lands for mineral OIL Petroleum.
sulphur, Salt, Coal Ore. other minerals, and fo-
Copper, Iron, Lead CT oJher metals iexcept ouiy
mineral rters), which may be found on or beneath
said lands and take carry away and sell the same,
and receive the proceeds OF The same and for exer
cisiug such other powers and prlvheses as MAJ De
whc1 are or may hereafter be conferred upon 1t.
ARTICLE FOURTH.
The capital stock Of this Association is hereby
fixed at seveu hundred and fifty thousand dollars,
by fifteen thousand shares Of fifty do
lars each. Three thousand seven hundred and nifty
shares of sad stock is the property Of Truxton Lo"
M ,,l tErap yhoIlsa 1I hundred
shares of said STOCK is the property OF Mistress
Widow Hiai-e EscoubGs, and shall be deemed as
paid up this time to the extent OF nifty dollars
per share and full paid stock not liable to any con-
trlDutions assessments. Two Thousand i've hun
der Bopneval and his associates, and shall be
deemed paid up. to the extent OF thirty five dol
lars per share, at this time, and shall De exempt
from all calls til the other shares of stock shall
have been taken and shall have paid thirty i've dol
lars per share. Five per cent of each absorption to
the other stock shall e payable At the time of sub
scription. and the remainder SNAIL DE paid at the
Directors; provided that rot more than ten dollars
per share OF such subscription shall be called Tor at
any one time, and not ottensr than once IN tnlrty
days; and provided further that no subscriber SHAH
be called on for more than fifty dollars per share,
and MS stock be Their, considered as fully paid
Should any subscriber or stockholder neglect or
refuse to pay punctualy his ustallnens as they fall
due interest thereon shall be added at the rate of
| eiAht per cent per annum from maturity sllI pay
ment. 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 caus
ing any shares on which installments may be due,
to be sold at public auction otherwise. after ten
days in any newspaper published in
Law the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obi
cations of Alexander Bonneval and Others an Ter the
provisions and terms of contract OF date the third
day of March, 1870, by and between Truxton Lowell
and Mrs Tldow Hiaire Escoubas, deposited and OF
act OF deposit bearing date the seventh day OF
March, 1870, granting to said Alexander Bonnoval
and Others a lease of the lands aforesaid for the
as set forth and expressed in said contract, which
contract is hereby referred to, and certified
CODY made part hereof.
And this Corporate hereby obligates itself to do
and perform every oolgatlon, .conoition ara re-
quirement in SAID contract CONTAINED and to no the
said Alexander B)nreval and Others his hates.
harmless from all liability growing out OF the non
And tie said Alexander Bonneval and others, his
associates for the consideration herein expressed
and contained, does hereby transfer, assign convex
and abandon unto this corporation all the rights
and privileges granted or conveyed to him and
them by said contract. with all the rights and fran
chises therein contained, have, held and e. JOY
the same, fully and as freely as though SAID con
tract hai baen made directly with this corporation.
Three thousand seven hundred and fifty shares OF
the stock OF said company shall be tbs property OF
said frrnyton Lowell: three thousand sey en- hun.
dred and fifty shares shall be the property of said
Mrs Widow Hiaire Escoubas; two thousand five
hundred shares OF said atock snail b9 the property
| OF Alexander Eonneva and his associates upon
payment of ten dollars per share and then snail be
aeemed to be paid shares TO the extent OF thirty five
contributors until all the other shares shall nave
been paid up TO thirtyhve dollars per share, and
thereafter ali the stock consisting OF yhve
hundred shares heretofore assigned to Alexander
Bonneval and mis- associates, and he By them, as
upon the same footing and shall contT butte equally
share and snsfe alike to the necessities ana re
quremeats OF said corporation, in conformity with
| the provisions CT article four of this charter.
ARTICLE SIXTH
This corporation shall go into effect and com
mence operations irJ the date hereof
ARTICLE SEVENTH
This charter may bs modified or altered and the
capital stock may be INCREASED With tbs consent oi
three torrths or the stock represented IN general
pose after thirty days notice by publication in any
| daily newspaper of the city of New Orleans;
Whenever an increase of the capital stock snail be
| duly authorized, ninety da5s notice OF the same
shall be published in two daily newspapers IN the
city of New Orleans within which time stockho ders
shall have the first privilege of taxing addition a
shares in proportion to the amount OF their stock
any m sOosed Of BY the for
benefit OF the corporation
ARTICLE EIGHTH.
Ali business of the corporation shall be managed
! By q Board of Directors, consisting OF nine ntock
holders each of whom shan hold IN his own rig ht
fifty shares of the .pital stock of this corporation
But the Board of Directors ay be increased to
twelve when all the shares OF the capital stock shall
have been taken.
ARTICLE NINTH.
The following named Stockholders viz; Pau
Fourchy, S II. Kennedy, W b. Koontz, Amilcar
Fortier, Carl Kohn, Alexander Bonneval Henry
Peychaud, Truxton Lowell, r. Ii. Summers, shall
compose, and are hereby constituted. the hrst
Board of Directors, who snail. at their first meet
ing elect one of their nIrlber President of said
Board and shall until superseded by their sue
cessors. who shell Ss el2ctsd IS proTidsl n article
tenth
AETiOLE TENTH.
On the second Monday of January, 1872. and an
nually thereafter, election OF Directors BY the
stockholders shall be held at the office o the cor
poration for which election previous notice OF ter
days shall be given IN two newspapers pu bshed II
the city OF New Orleans.
ARTICLE ELEVENTH.
A plurality of votes, coun ting vote for each
share of stock voted upon, bat stock holder
be sufficient elect Directors who shall at the II
first meeting after their election choose one OF then
number for President OF this corporation, an SAID
election shall be by majority of the whole board
| and the President shall be the party upon whom
aCit atoms and other gal process shall be served
Itsshal be the duty of the President to preside
at az meetings of the board and, IN the case of his
absence inability to act it shall be the duty OF the
board to cleo of their nun Der President pre-
tenn WIZ hail. for the time being exercise the full
powers of the president.
Ali elections shall be by ballot under the supertr
tenGeuce of inspectors appointed by the board
from among the stocB holders, not directors at east
| one week prior to election.
ARTICLE TWELFTH.
A majority of the Board OF Director shall be fully
for conducting the business Of the corporation, TIE
protection of It's rights. and the prosecution Of 1t:
operations.
| ARTICLE THIRTEENTH.
ANY Dir ctor about to absent himself for period
of less. NJ nominate 4 ttute II