New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-16
CORPORATIONS,
CAACAsrEU SULPHUR
MINING COMPANY OF LOUXsIANA'
UNITED STATES OF AMERICA,
State of Louisiana, City of New Orleans

UNITED STATES OF AMERICA, |
State of Louisiana, City of New Orleans
Belt known, that on this the third day OF March,
in the year of our Lord one thousand eight nun
dred na tatss OF the fourth
me. John q. Eustls. notary public IN ana Tor tne
duly comm issio ned and sworn, personally came and
appeared tie persons hereinafter nam 30 ana un.
derslgnss wI 1 nrovsious Of ths statutes of the
state of Louisiana relative TO the orgahlAaion u
corporations in this state .ney thew repressnt to
form themselves into corporation Tor tns oH1eCIs'
and under the stipulations, equations anu JUNG"
tions following, to wit:
ARTICLE FIRST.
The corporate name of this association shall be
THE OALCASIEU SULPHUR AND MINING
COMPANY OF LOUISIANA A..
1t sna have cor yorate seal. and for device tne
coat of arma of the State OF Louisiana and Tor an
inscription the name of tho company ana INC GATE
VI 'A'' "'' ARTICLE SECOND.
The p,ace of business and the legal iomici Of this
company s1a be the city of New Orleans
ARTICLE THIRD.
Tho obact of the association an all be to purchase
a lease of certain mineral lanes, situate IN Une
parish of Cacasleu in the stare OF Louislapa al1re
said covering d tract of about fourteen hundred
Of land, with the right TO Gig, pore anu lnine
SAID LANDS TOR aeTai Oh: He' sod for
Copper Iron. Lead other metals Except only
mineral waters, which may be found on or beneath
said lands and take carry and sell the same,
and receive the proceeds or the same ana Tor exsr
cising such other powers and PRIVILEGES as may oe
necessary for the business appertainlng thereto CT
whicu are or may hereafter be conferred upon IT,
ARTICLE FOURTH.
The capital stock of this Assoc alton ia hereby
| fixed at seven hundred and fifty thousand ooAars.
represented by fifteen Thousand shares OF nifty DOL
| lars each. Three thousand seven nundred ana MY
shares of said stock is the property OF IEuxon Low
| ell and three thousand hundred ana nfty
shares Of said sock is the property OF Mistress
Widow Hiiaire Escoubas. and shall De deemed as
paid up at this time to the extent OF nifty dollars
per share and full paid stock not liable to any CON
| tributions assessments. Two thousand hve nun
der Bonne7al and MS associates and shall be
deemed as paid up. to the extent OF thrtyt Dol.
rom all calls uotil the other shares of stock sha!
have been taken and shall have paid thirty-tye dol
The other stock shall ue payable the time of sub
scription and the r,nainder shall be paid at the
directors provided that not more than ten dollars
per share OF such subscription snail De caea toi a.
DAYS; and provided further. that subscriber shall
be called for moro tue hitI dollars per snare
Should any sub -criber or stakeholder neglect. or
refuse pay punctuay his lnstaiiInens as tney tal
due interest thereon shall De added at the rate OF
ei.ht Der cent per aunuln from maturity till pay
| ment, aud If said pay ments De not made WITHIN
| thirty days after the specified time or payments
the Board of Directors SNAIL have the right Of caus
ing any shares on which Iostailments may oe que
De s6p IN sny newspaper published IN
the c.ty of New orleans OF recovering oy suit at
| law the amount due.
ARTICLE FIFTH
| The sad CORPORATION hereby assumes al the oo
cations Alexander Bonneval and lners IN Ter the
provisions and terms of contract OF date the thir
Of Marcel 8 BY and oetTesn iGoAi91 ao y
record in the Office OF the undersigned netary sslo
act OF DEPOSIT bearing dhts the seventh DAY OF
and Others lease OF the lands Aforesaid, for the
term of ntnet3;nine years for mining purposes
as set forth and expressed in said contract Wh,cn
contract IS hereby referred TO, and certified
copy made part hereof.
and this Corporation hereby obllgates itself 10 DC
and perform every obligation, CONDITION and re
quireent in said contract contained and TO hold tns
said Alexander BonneGai and others, MS associates
harmless from all liability growing out OF the non
| performance thereof, :.
And the said Alexander Bonneva and others, nj;
| associates for the consideration herein expressed
and containe5 does hereby transfer, assign, CONVEX
and privileges granted or conveyed to MIN anc
them, by said contract with all the rights and fran
| chises therein contained, 10 have hold and erIo2
the same as fully and freely as though said con
tract had bsen made directly WITH TINS corporation
| Tnree thousand seven hundred and nifty shares o
the stock of said company shall be the property o.
7 said Truxton Lowell; three thousand seven nun
dred and city shares shall be the property of sale
Mrs Widow Hiiaire Escoubss: two Thousand hv;
hundred of said atock snail De the propert!
Of Alexander Bouneval and his associates upor
PAYMENT OF ten dollars per share, and then snail b
teemed to be paid shares TO the extent OF thirty "
con.-ibutiors until all the other shares shall nav
been paid up to tnirty i've dollars per snare, ant
thereafter al the stock. consisting OF twenty-five
hundred shares heretofore assigned to Aie1ar de
RoneevaI and bis associates, and he'd By them, a
sforessId or their assigns or tranferees snail stsn
mon the same footn G. and shall contribute equally
share and snare alike, to the necessities ana re
oui-ements OF said cor poration, 10 conformity Wit
the provisions CT article four OF this cnarters
ARTICLE SIXTH.
2 This CORP 3ratIou shall. go into etfec: sad com
. meuce operations from the date hereof
! ARTICLE SEVENTH.
j This charter may be modified or altered. and tn
capital stock may be increased with the consent
OF socH f hat pu
pose after thirty days notice 81 publication IN an
taiIr newspaper of the city of New Orleans
Whenever an increase OF the capital stock shall D
duly authorized. ninety days notice OF the saio
shall hS 9rlaan5 Hitin wich Tine stockhoder
snail have the first privilege OF taxing aoditlon 4
soares in proportion to the amount o. tnsir 5'oc
and any shares not taken at the expiration OF ina
3 time may be disposed OF by the Directors for "a
= | benefit or C1a corporation
+ ARTICLE EIGHTH.
y All business of the corporation snai! oe manage
ny Board of Directors, consisting o. aIn9 otoci
a | holders, each of whom shall nod IN Ms own rlgf
fifty shares OF the .pta stock OF tlis corporatior
= | But the Board of Directors may o5 increased I
twelve when all the shares OF the capital stock 81
: | nave been taken.
y ARTICLE NINTH
! The following named stoekhoders viz; Pa a
| Fourchy B Ii. Kennedy, W b. koontz, Aniici
| Fortiar Carl Kohu, Alexander bonnevai Hem
G | Peychaud, Truxton Lowell T. H. summers, sna
f SoarS Of nirectors who shall at their first NEE
: irg a.pct one OF their number President OF ss
Roari and shall serve until superseded D. their 81
ces.ors who shall be elected as provided IN artic
tenth.
ARTICLE TENTH.
On 5he second Monday of January 1872. and a.
DT.ally iherea ter, an election OF Directors by q
| stockholders snail pc held at the office OF the CO
noratiou, for which election previous notice Of Il
., | fa-s shall bs given two newspapers pr olisled
the city OF NeW Orleans.
ARTICLE ELEVENTH
os.ra,,t1 OF votes, coun ting vote for eaC
share of stock voted upon, but no one STOCK noldi
D. ehaI vote on more tnaD tive hundred shares, sha
e bs sufficient 20 elect Directors, who shall at the
first m eeting after their escon choose one OF the
I'd number for President Of tais corporation, and sa
N election shall be by MAJORITY OF the whole boar
W aud the President shall be tco party upon VINO
all cit stioDs ard other legal process snail De serVe
1f I! sfail be the duty of the President TO presto
at all IT settings of the board, aud, in the case OF
If absence OF inability to act it shall be the duty OF t,
g board to cleo one of their nun Der President p
tenn win hall for the time being, exercise the II
i'll powers of the President.
Ali elections shall be by ballot, under the supert
~ tendence of inspectors appointed by the ooa1
from among the stoc holders, not directors. az ga
" one week prior TO election.
,r ARTICLE twelfth.
S, majority of the Board Of Directors shall be fU
- authorized to do and perform al acts necessa
a for conducting the business of the corporation, q
sr protection of cs rights, and the PROSECUTION u
>, operations