New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-14
CORPORATIONS.
CAACASIEU sULFHUK
AND
MINING COMPANY OF LOUISIANA.
UNITED STATES OF AMERICA, 4
State q IcuisI&ph. City of New Orleans.

u.
State OF LOUISIANA, City of New Dreams
Ee 1T known, that or this the third day of March
in the year Of our Lord one thousand eight nun
dred and seventy aud OF the independence OF the
United States of America the ninety fourth before
me- John g. Eustis, notary public in and for the
city OF New Or cans state OF LOUISIANA aforess Id
duly commissioned and sworn, personally came and
appeared the persons hereinafter named and un.
dersgpea, who severa!ly declared that, availiu c
state of Louisiana relative to the organization o.
corporations in this State, they have agreed, enc
form themselves into corporation for the objects
and under the populations. regulations, and ob4iga
tons following, to wit:
ARTICLE FIRST.
The CORPORATE name of this association stall be
THE CALOASiEU SULPHUR AND MINING
COMPANY OF LOUISIANA
1t shall have corr crate SEAL and for device the
coat Of arms of the state of Louisiana and for
inscription the name OF the company and the date
ARTICLE SECOND.
The place of business and the legal domcil OF nis
company snall DC the city of New Orleans.
ARTICLE THIRD.
The object OF the association shall be TO purchase
tease OF certain mineral ianC situate IN the
parish OF Cacaseu. in the state OF louisiana afore
said, covering a tract of about fourteen hundred
acres Of land, with the right to dig, bore and min
1ion sGlo lands for mineral oil Petroleum
sulphur, Salt, Coal Ore, other minerals, and for
Copper, Iron. Lead or other metals texcppt only
mineral waters), which may bs found beneath
SAID lands and to TAKE, carry away and sell the sae
and receive the proceeds of the same and for exer
ci5ng such otner powers and privileges as may be
which are or may hereafter be conferred upon it.
ARTICLE FOURTH.
TIE capital stock of this Association is hereby
fixed at seven hundred and fifty thousa nd dollars,
represented by fifteen thousand shares of fifty do
lars each. Three thousand seven hundred and fifty
shares OF said stock is the property of Truxton Low
shares of said s ock is the property of Mistress
Widow Hare Escoabas. and shall be deemed as
per share. and full paid stock. not liable to any CON
trtbut,ons or assessments. Two Thousand five hun.
der Bonneval and his associates, AND shall be
deemed paid up, to the extent of thirty five DOL
lars per share. at this time, and shall be exempt
from all calls uotil the other shares of stock sha
have been taken and shall have paid thirty-five dol
lars share. Five cent of subscription to
the other stock shall e payable at the time of sub
scriptioD. and the remainder shall be paid at the
time ard in the manner determined by the Board of
Directors; provided that not more than ten dollars
Per share OF subscription shall be called for at
any one time, and not ottener than IN thirty
DAYS: and provided, further that no subscr Der shall
be called on for more than fifty dollars per share
and his stock be then considered as fully paid.
refuse 10 paw punctuay his instaimen,s as ts
QUO, interest thereon shall be added at the rate of
Ell. 1T per CENT per annum from maturity till pay
mert, and If said pay ments be not made within
thirty days after the specified time of payments,
the Board of Directors shall have he right of caus
10 be sold at public suction otherwise, after ten
days advertlserne NJ in any newspaper published in
IL
law the amount due.
ARTICLE FIFTH
The said corporation hereby assumes &L the obi
cations OF Alexander Bonneva and 0; hers Ter the
provisions and terms of contract of date the third
day of March, 1870, by and between Truxtou Lowell
and Mrs Widow Hlsire Escoubas. deposited and of
record in the office of the undersigned notary said
act of deposit bearing date the seventh day of
March, 1870, granting 10 said Alexander Bonneval
and others lease of the lands Aforesaid, for the
term OF rlnety.nine years for mining purposes,
as set forth and expressed in said contract which
contract is hereby referred to, and certified
copy made part hereof.
And this corporation hereby oblgates itself to do
and perform every obligation condition and re-
Guirement IN said contract contained to hold the
aid Alexander blnneval and Others his associates
harm ess from all liability growing out of the non
performance thereof,
associates. for the consideration herein expressed
and contained does hereby transfer assign, convey
and abandon unto this corporation all the rights
and privileges granted or conveyed 10 him and
them, by said contract, With all the rights and fran
same as fully and as freely as though SAID con.
tract had been made directly with this corporation.
Three thousand seven hundred and fifty shares of
tie stock said company shall be the property of
said TruEton Lowell: three thousand seven hun
ored and fifty shsres shall be the property of said
Mrs. Widow Hilalre Escoubas; two Thousand five
hundred shares OF said aock shall be the property
OF Alexander Bonneval and his associates upon
payment of ten dollars per share and hen shall be
seemed to be paid shares to the extent of thirty five
dollars per share and not liable calls for further
contributors until all the other shares hall have
been paid up to thrty-five dollars per share and
hereafter az the stock. consisting of twenty-five
hundred shares, heretofore assigned to Alexander
Boz Geval and his associates, ard he'd by them as
Aforesaid their assigns trapferees, shall stand
upon the same footing and SHAH contribute equally,
hare and share alike, to the necessities and re.
luiremeuts OF said corporation. in conformity with
he provisions Of article four of this charter.
ARTICLE SIXTH.
This corporation shall go into effect and com
hence 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
hree fourths OF the stock represented in general
Meeting of the stockholders, conveD ed fer that
after thirty Gays notice 5s in any
Whenever increase OF the capital stock shall be
July authorized. ninety days notice of the same
hall be published in two daily newspapers in the |
ity of New Orleans. within which time stockholders
hall have the first privilege of taking addition al
nd any shares not taken the expiration of that
me may be disposed of By the Directors for the |
enetit OF tie corporation.
ARTICLE EIGHTH.
All business of the corporation shall be managed |
y Board of Directors, consisting OF nine stock
olders each of whom sha hold in his own ight |
fly shares of the cspta stock of this corporation.
,ut the Board of Directors ay be increased to |
welve when all the shares of the capital stock shall
ave been taken. |
ARTICLE NINTH.
The following named Stockholders viz; Paul !
Tourchy, 5. Il: Kennedy, w E. Koontz, hmilcar |
'eychaud. Truxton Lowell, E. II: Summers shall |
ompose, and hereby constituted. the first |
pg, elect one of their number President Of sid |
;oard and shall until superseded by their sue
essors, who shall be elected provided in article
snth.
ARTICLE TENTH.
On the second Monday of January, 1872, and an !
uaily thereafter, an election of Directors by the
shall be held the Office of the cor
Grafton, for which election previous rot ice of ten
avs shall be given in two newspapers pu blished IN
ne city OF New Orleans.
ARTICLE ELEVENTH.
A plurality of votes. coun ting one vote for each
b all vote more than five hundred shares shall |
e sufficient to elect Directors who shall at their |
lumber for President of this corporation, and said
lection shall be by majority OF the whole board
nd the President fhai be the party upon whom |
II cit atoms and other legal process shall be served
1t ehail be the duty of the President to preside /
all meetings OF the board and, the case of his
bsence inability act it shall be the duty of the
GARD to elect one of their nun Der President pro
,m, who shal! for the time being. exercise the full
overs of the President.
Alrelections shall be by ballot, under the superip-
sndence of inspectors appointed by the board |
ON ong the STOCK holders, not directors at least
ne week prior to election.
ARTICLE TWELFTH
majority of the Board of Directors shall be fully
lthorized to Go and perform all acts necessary
IT conducting the business of the corporation tie
rejection OF Its rights, and the prosecution of its
ARTICLE THIRTEENTH.
Any Director about to absent himself for a period
six months, or less, may nominate substitute in |
IS stead provided said substitute shall have in his
yn right. rot less than twenty five shares of the
ptal stock of this corporation, and provided Also |
lat SAID substitute be elected by the Board of Di
ctors for the time being.
ARTICLE FOURTEENTH.