New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-08
CORPORATIONS.
CAs.CASEEU SULPHUR
AND
MINING COMPANY OF LOUISIANA
UNITED STATES OF AMERICA,
Lonlsiana, CITY of New Orleans.


Be it known, tina: on this, the third day of March,
in the ~ Of our Lord one thousand eight nun
dred and seventy. and OF the independence or tne
United States of America the ninety fourth before
me, John q. Eustis, notary public in and for the
city of New Orleans State of Louisiana Aforesaid,
duly commissioned and sworn, personally came anc
appeared tie persons hereinafter named and un.
designed who seVersly declared that, avsihng
themselves Of the provisions CT statutes OF the
State of Louisiana relative to the organization OF
! corporations in this State, they have agreed. and
bind tbs mselves and those whom they represent TO
form themselves into corporation for the objects,
aad under the tipuia:ions. regulations, ane ohhsa-
tons following, to wit:
ARTICLE FIRST.
The corporate name Of this association shall be
THE CALCASiEU SULPHUR AND ri MING
COMPANY Ot LOUISIANA 7"
coat of arDs Of the Stete Of Louisiana. and for au
Inscription the name of the company and the date
ARTICLE SECOND.
The place of business and the legal dornicil @. this
company stall be the city OF New Orleans
ARTICLE THlRD.
The object OF ths association ehsl be TO purchase.
"a lease of certain mineral lanes situate in th(
parish of Caicaseu, in tbs Stee of Louisiana afore
acr.s OF land with the right to dig bore and mice
uton said lanes for mineral oil Petroleum.
Sulphur, Salt, Goal Ore, ot ner minerals snd for
Copper, Iron, Lead or other metals Except orly
mineral wsters,, which msy be found on or Beneath
and receive the proceeds of the and Tor exer
cising such other powers and privileges as may be
wt1cA are Or may hereafter be conferred upon it.
ARTICLE FOURTH.
The capital stock Of this Association js hereby
liked 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
s ares OF said sock is the property of Mistress
Widow Hiiairs Escoubas. and shah be deemed as
per and full paid stock not lisble AIRY con-
tribatlons or assessments. Two Thousand five hun
der Bonneval and his associates, and shall bs
deemed paid up. to the extent OF thirty five dol
from all calls unti the other shares of stock sh a
have been taken and shall have paid thirty five dol
the her stock shall payable at the time of CUB
scripiion, and the rtmainder shall be paid at the
Directors; provided that NOT more than dollars
per share of such subscription shall be called Tor at
days. and provided, further, that subscr Der shall
be called on for more than hfty dollars per share,
Should any subscriber or stockholder pegIect or
refuse pay pnnctuay his lDstaiimeuts they fall
eight per cent per &nnum from maturity till pay.
ment, and If said payments be not made WITHIN
the Board OF Directors shall have me right Of caus
ing any shares which instanents may be due,
days advertisement in any newspaper published in
the cry OF New Or cans, or OF recovering oy suit st
law the amount due.
ARTICLE FIFTH.
The SAID corporation hereby assumes all the obi
cations % Alexander Bonneval and others Ter the
provisions and terms Of ract, OF date the third
day Of March. 1870, BY and between Truxton Lowell
and Mrs. HIcoW diiSre Escoubas deposite q and of
record in the Office of the undersigned netarr said
act Of deposit bearing date the seventh day OF
March, 1870, granting to said Alexander Bonneyal
and others lease of the lands aforesaid, for the
tern Of nlnety,nipe years for mining purposes, |
set forth and expressed in said contract, which
contract is hereby referred to. and certified |
copy made part hereof.
And this corporation hereby obiigates itself to do
and perform every obligation, condition and |
qureent in said contract contained and to hold the
said Alexander Bonpeva and ers, his associates,
harmless from all liability growing out OF the non
performance Thereof,
And the said Alexander Bonneval and others, his |
associates. for the consideration herein pressed
and contained, does hereby transfer, assign, convey
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
the same as fully and as freely as though sad con
tract bad baen made directly with this corporation.
Three thousand seven hundred and fifty shares OF |
the stock of said company shall be the property of
said Truxton Lowell; three Thousand seven hun |
dred and fifty shares shall be the property of said
Mrs. Widow Hiaire Eseoubas; two Thousand i've |
hundred shares of said atock shall be the property !
OF Alexander Bonnevai and his associates upon |
payment of ten dollars per share, and then shall be
6eemed to be paid shares 10 the extent of thirty five
dollars per share and not liable TO calls for further
contributors. until all the other shares shall nave |
been PAID up to thirty five dollars per share, and |
hundred shares, heretofore assigned to Alexander |
Bonceval and his associates, and he'd by them, |
aforesaid or their assigns or tranfeIees shall sta nd
upon the footing, and snail contribute equally,
share and share alike. TO the necessities and re
Q1irements OF said corporation. in conformity with
the provisions Of article four of this charter.
ARTICLE SIXTH
This corporation shsIl go into effect and con |
rnence operations from the date hereof.
ARTICLE SEVENTH
This charter may be modified or altered an d the |
capital stock may be Increased with the consent CT
meeting of the stockholders convened for that pur
pose, after thirty days notice by publication IN any
d sn as
duly authorized. ninety days notice of the same |
city Of New Orleans within witch tune
shall have the first privilege OF taking additional
and any shares not taken at the expiration of that
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 sha hold in his right |
fifty shares of the capital 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; Paul
Fortier. Carl Kohn,, Alexander ,Bonneval. Henry
Peychaud, Truxton Lowell, Z. Fl. Summers, shall |
Board Of directors who shall. at their first meet:
ing, elect of their number President of said |
cessors WHO shall be elected as provided in article
tenth.
AETIOLE TENTH.
On the second Monday of January, 1872. and an
nually thereafter, election OF Directors by the
poration, for which election previous rot ice OF ten
days shall be given IN two newspapers pu blished in
the city Of New Orleans.
ARTICLE ELEVENTH.
plurality OF votes. coun ting one vote for each |
share of stock voted upon. bat no one stockholder
thal vote more than five hundred shares, shall |
be sufficient to elect Directors who shall at their
first meeting after their election choose of their
number for President of this corporation, and said
election shall be by amajority of the whole board
and the President shall be the party upon whom
all cit atoms and other legal process shall be served
1t shall be the duty of the President to preside |
all meetings Of the board, and, the case OF his
absence inability to act it shall the duty Of the
board to elect one OF their nun Der President pro |
tenn, whe hs for the time being exercise the full
All elections shall be by ballot under the superin-
tendence OF inspectors appointed by the board |
one week prior to election.
ARTICLE TWELFTH.
majority OF the Board of Directors shall be fully
authorized to do and perform eli acts necessary |
protection Of its rights, snd the prosecution of its
operations.
ARTICLE THIRTEENTH
Any Dir ctor about to absent himself for q period
of six months less, may nominate substitute in
ms stead provided said substitute shall have in b,s
right, not less than twenty five shares of the
capital stock OF this corporation and provided s,so
rectors for the time being. |
ARTICLE FOURTEENTH.
The Board Of Directors shall appoint a Superin.
tendent, and Secretary, and Treasurer and ali |
clerks and agents, and remove the same at pleasure
and shall tx the salaries OF all officers of the corpo
ration and the amount OF security to be required of
The board l. may s also delegate such power in the
or n tbpir Office