New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-27
CORPORATIONS.
CALCAaIEU SULPHUR
AND
MINING COMPANY OF LOUISIANA.
UNITED STATES OF AMERICA,
State Of Louisiana, City Of New Orleans. !

UNITED STATES OF AMERICA, !
State OF Louisiana, City of New Orieans- J
Be it known, that on this the third day of March,
| in the ear of our Lord one thousand eight hun
United States Of Amsrica the ninety fourth before
me. John e. Eustis, notary public in and for the
duly Commissioned and sworn, personally came and
appeared tie persons hereinafter named and I'M.
dersignes. who severaily declared that. av.ilip g
themselves Of the provisions OF the statutes OF the
state OF Louisiana relative to the organization OF
corporations in this state, they have agreed. and
form themselves into corporation for the objects,
ana under the atipulstons, regulations and oDiiga
lions following. to wit:
ARTICLE FIRST.
THE OALUASIEU sULPHUa AND MINING
COMPANY OF LOUISIANA"
coat of arms Of the State Of Louisiana and for an
IN description the name OF the company and the date
ARTICLE SECOND.
The place of business and the legal dornicl of this
company shall be the city Of New Orleans.
ARTICLE THIRD.
The object of the association shall be to purchase
lease Of Ger ain mineral lanes. situate in the
parish of Calcaseu in the Stats of louisiana sfore
saio: cevensg tract 81 ABOUT fourtesa hdnaie
uron said lands for mineral ore Petroleum .
SULPHUR, Salt, Coal ore or other minerals and for
mineral waters), which may be found on or beneath
said Ian DIS aud to TAKE carry away and sell the same.
and receive the proceeds of the same and for exer.
cislng such other powers and privileges as may be
necessary for the business appertaining thereto, or
whicl are or may hereafter be conferred upon it.
ARTICLE FOURTH.
The capital stock of this ssociaton is hereby
liked at seven hundred and fifty thousand dollars
represented by fifteen thousand shares of fifty dol
lars each Three thousand seven hundred and fifty
shares of said stock is the property of Truxton Low
ell. and three thousand seven hundred and fifty
Widow Hi;aire Escoubas. and shall be deemed as
paid up at this time to the extent OF nifty dollars
on
dred shares OF SAID stock is the property of Aiexan
der and his and shall be
lars per share. at this time, and shall be exempt
have been taken and shall have paid thirty-ve dol
lars per share Five per cent of subscription to
the other stock shall be pay at the time of sub
time and in the manner determined by the Board Of
Directors; provided that not more than ten dollars
any one time. and not oftener than once in thirty
days; and provided further, that subscriber shall
and his stock be then considered as fully paid
Should any subscriber or stockholder neglect or
due interest thereon shall be added at the rate Of
eleht per cent per annum from maturity till pay
sRd ssd b BE- mot made within
the Board OF Directors shall have the right of caus
ing any shares on which instaments may be due,
to be sold at public auction otherwise after ten
day adverlseme Mt in any newspaper published in
the city of New Orleans, or Of recovering by suit at
law the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obi
cations Of Alexander Bopneval and others the
provisions and terms of contract of date the third
Mrs Hre eposted aDS 81
record in the ofce OF the undersigned notary, said
act Of deposit bearing date the seventh day Of
March, 1870, granting to said Alexander Bonnsval
and others q eass of the lands aforesaid, for the
term Of nlnetynine years for mining purposes.
cat fnrfh and sad lrr -. tx
contract is hereby referred to, and q certified
copy made part hereof.
and perform every obligation, condition and re-
Quiremen in said contract contained, and to hold the
harmless from all liability growing out OF the non
performance thereof
associates, for the consideration herein expressed
and ntained, does hereby transfer assign convey
and privileges granted or conveyed to rim and |
them by said contract with Sill the rights and fran
& go as sas
tract had been made directly with this corporation.
the stock of said company shall be the property of
said Truxton Lowell: three thousand seven hun
dred ana tty shares shall pc the property of said
hundred shares of said atock shall be the property
of Alexander Bonneval and his associates upon |
payment of ten dollars per share and then shall be
deemed to be paid shares to the extent of thirty five
dollars share. and not liable TO calls for further
until all the other shares shall have
been paid up to thirtyhve dollars per share and |
thereafter ali the stock consisting of twenty-five
hundred shares, heretofore assigned to Alexander
BonGeva and his associates, and he'd by ther "a |
aforesaid their assigns or tranerees, shall stand
lpon the same footing, and shall contr butte equally
share and snare alike TO the necessities and re |
luirements o. said corporation, in conformity with |
he provisions of article four of this charter.
ARTICLE SIXTH.
This corporation shall so into effect and com.
nence operations from the date hereof.
ARTICLE SEVENTH
This charter may be modified or altered and The
apital stock may be- increased with the consent of
nree-fourths OF the stock represented in general |
meeting OF the stockholders, convened for that pur
,ose thirty days notice by publication In any
ialy newspaper OF the CITY of New Orleans.
Whenever an increase of the capital stock hall be
!uly authorized. ninety DAYS notice of the same
ball De published in two daily newspapers in the |
ity of New Orleans, within which time stockholders
hall lave the hrst privilege of taking additions |
hares, in proportion to the amouot Of their stock
nd any shares rot aiken At the expiration Of mat
,eneiit OF the corporation.
ARTICLE EIGHTH.
All business of the corporation ahall be managed
" Board of Directors, consisting OF nine stock |
olders. each OF whom sha hold in his own right
sut the Board of Directors may be- increased to !
welve when all tns shares of the capital stock shall
ave been taken.
ARTICLE NINTH
The following named Stockholders viz. Paul !
'ourc hy, 5. ii. Kennedy, W. B. Koontz, Amicar |
Tortier, Carl Kohn, Alexander Bonneval, Henry
'eychauQ, LOweli, Il. II. Summe shall
ompose, and are hereby constituted the first
board OF Directors who SHALL ct their first meet. |
ng, elect of their NUMBER President of said
board and shall until superseded by their suo
essors. who shall be elected provided in article
enth
ARTICLE TENTH.
On the second Monday of Jsnuary, 1872, and on
ualIy thereafter, election of Directo rs by the |
toe kholders snail be held the office the cor
oration for which election previous not ice of ten
lays shall BE- given IN two newspapers pa blished in
he City of New Orleans.
ARTICLE ELEVENTH.
A plurality OF votes. coun ting one vote for each
hare of stock voted upon. bot ore stockhoider
hall vote on more than five hundred shares, shall
70 sufficient to elect Directors. who shalt at their
irst meeting after their election choose OF their
lumber for President of this corporation, and said
lie ction shall be by ma ority OF the whole board |
md the President shaii be the party upon whom
ii cit atoms and other legal process shall be served
1t shall be the duty of the President to preside |
t ali meetings of the board and, in the case of his
bsence inability TO act, it shal he the duty of the
BOARD to elect one of their nun Der President pro |
EN- whs hall, for The time being exercise tho full
,owers of the President.
All elections shall be by ballot under the supern-
endenoe Of inspectors appointed by the board |
ong the stocA holders, not directors st least
lie week prior to election.
ARTICLE TWELFTH.
maioritv OF the Board of Directors all he fplI1