New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-29
CORPORATIONS.
CALCASIEU SULPHUR
MINNIE COMPANY OF LOUlsI ANA
UNITED STATES or AMERICA,
Gtata Of Ion,s,.ra liItu Of Na,r Or.nau

| UNITED STATES or AMERICA, !
State of LOUISIANA, City OF New Orleans.
| Be it known that this the third day of March.
| in the ytar of our lord one thousand eight nun
dred and seventy. and of The indepsndence 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 aforesaid
duly commissioned and sworn, personally came and
appeared the persons hereinaf, err named and un.
dersignes, who severally declared that, av.llln
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
bind the nseves and those whom they repres ant to
form themselves into corporation for the objects
and UNDER the stipuations, reg uation5 and oonga
tons following to wit:
ARTICLE FIRST
The corporate name Of this association shall be
COMPANY Or LOUISIANA
1t shall have cor crate seal and for device the
ccat OF arm of the State of Louisiana. and for an
inscription the name of the company ana tho date
ARTICLE SECOND.
The place OF busnes So and the legal domioi of this
company shall DO the city of Now Orleans
ARTICLE THIRD.
The obi act of the association shsl be to purchase
lease OF certain mineral lancs situate 10 the
parish OF Caeasieu, in tia state of louisiana afore
said covering q tract OF about fourteen hundred
of land, with the right 20 dig bore and nina
uoou said lands for mineral oil Petroleum,
sulphur Salt, Coal oil OF other minerals and Tor
topper, Iron Lead or other metals (excapt only
mineral wsters) which may be found on or Beneath
said lands and to take away and sell the same,
and receive the proceeds OF the same and for exer
cising such other powers and privileges as may be
necessary for the business sppartaning thereto,
whict. are or may hereafter be conferred upon it.
ARTICLE FOURTH.
The capital stock of this Association is hereby
fixed at seven hundred and fifty thousand dollars,
sented by fiteeu Thousand shares of fifty dol
lars each. Three thousand seven hundred and fifty
ell, and three thousand seven hundred and fifty
shares OF said stock is the property of Mistress
paid up, at this time to the extent of fifty dollars
per share. and full pad stock not liable to any
drad shares of SAID stock is the property of Ae1an
der Bonneval and his associates, and shall bs
lars Der share. at this time. and shall be- EXEMPT
from all calls un til the other shares of stock shall
have osep taken AND snal nave pa'd thstynve dol
the other stock shall ue payable at the time of sub
scription. and tho r,ma'nder shall be paid at the
time and in the manner determined by the Board of
Directors provided that not more than ten dollars
per share OF such subscription shall be called tor at
ally one time, and not oitener than once IN thirty
days; and provided. further that nosubscriher shall
be called on for more than fifty dollars per share,
and his stock be then considered as fully paid.
Should any subscriber or stockhoider neglect or
refuse to pay punctuay his nstanents as they iali
hit per cent per annun from maturity till pay
ment, aud If said payments be not made within
thirty days after the specified time OF payments.
the Board of Directors shall have he right Of
ing any shares which lDstallments may be due,
TO be sold at public suction otherwise. after ten
days sdvertiseme Mt in any newspaper published in
the ciEy OF New Orleans. Of recovering by suit at
law the amount DUE
ARTICLE FIFTH.
Ths said corporation hereby assumes all the obi.
cations Alexander Bonneval and others under the
provisions and terms OF contract of date the third
day of March. 1870, BY and between Tru1ton Lowell
and Mrs %ioow Hilaire Escoubas deposited and of
record in the office of the undersigned notary SAID
act OF deposit bearing date the seventh day of
and others a lease of the lands aforesaid. for the
term of ninety nine years for mining purposes.
set forth and expressed in said contract, which
contract is hereby referred to, and i certified
copy made part hereof.
And this corporal hereby ob!igates itself to do
and perform every obligation, condition and re-
Guirement in said contract contained and to hold the
said Alexander )unevai and others, bis associ ates,
harm from all liability growing out OF the nom
performance thereof.
And tie said Alexander Bonneval and others, his
associates, Tor the consideration herein expressed
and cortaiEei does hereby transfer, assign, convey
and abandon unto this corporation all the rigats
and privileges granted or conveyed TO him and
them by said contract, with eli the rights and fran
cnise3 therein contained. TO have. hold and sr JOY
the same, fully and as freely as though sad con
tract had been MADE directly Wit this corporation
Three thousand seven hundred and fifty shares OF
the stock of said company shall be the property OF
said Truxtoa Lowell: three thousand seven hun
bred and fifty shares shall be the property of said
Mrs. Widow Hiiaire Escoubas; two thousand 1--WE
hundred shares of said atock snail bs the property
OF Alexander Bonneva! and his associates upon
payment OF ten dollars per share and Then shall be
deemed 70 be paid shares to the extent of thirtyve
dollars share, and not liable TO calls for further
been Dald I'D to thirty five dollars per share and
thereafter al the stock consistiug of twenty-five
hundred shares, heretofore assigned to Alexander
BonceVal ard his associates, and he'd by thsIn as
Aforesaid their assigns trAnfeIees, shall stand
upon the sans footing and SHAH contrbu eauely,
sagra aG1 snare alike, to the necessities and
quirements OF said corporation, in conformity with
the provisions OF article Jour Of this charter
ARTICLE SIXTH
This corporation shall go into efect and COM
mence OPERATORS fr1m the date hereof
ARTICLE SEVENTH.
This charter mag ba modified or altered and the
capital stock may Increased with the consent
three fourths OF the stock represented general
meeting OF stockholders CONVEX ed for that pur
pose, after thirty Gays notice By publication in any
daily newspaper of the city OF New Orleans
Whenever an increase OF the caDitat stock shall be
stall be Published IN two daily newspapers in the
city OF New Orleans within which tiIe stockholders
shall have the first privilege OF taking aoditiop al
SPARES in proportion TO the OF their stock,
and any shares not AIKEN at the expiration of that
time may be disposed OF by the Directors for the
benefit OF the corporation.
ARTICLE EIGHTH.
All business of toe corporation shall be managed
by Board OF Directors consisting Oh nine stock
holders. each of whom shall hold in his own right
But the Board OF Directors II ay bs increased to
twelve when all the shares of the capital stock ali
hGva been TAKEN
ARTICLE NINTH.
The following named Stockholders viz; Paul
Fourehy, :. H. Kennedy, !" b. koontH Amilcar
Fortier, Carl Konn, Alexander Bonnsval. Henry
Peychaud, TruXton Lowell II. IL. Summers, shall
compose, and hereby constituted, the first
Board of directors, who shall, at their first
ing, elect of their number President of said
Board and shall serve until superseded by their
cessor5 who shall be slected provided in article
tenth.
ARTICLE TENTH.
On the second Monday of Jauuary, 1872, and an
nuaily thereafter, election OF Director rs by the
pordtion for which election not of ten
days shall be given two newspapers pa bished N
the city OF New Orleans.
ARTICLE ELEVENTH.
A plurality OF votes. couu ting vote for each
share of stock voted upoD bat stockhotdsc
shall vote on more than five hundred shares shall
be sufficient elect Directors, who shalt at their
first meeting after their election choose OF their
number for President OF this corporation, and said
election shall be by majority OF the whole board,
and the President shall be the party upon whom
al cit atoms other legal process shall be served
IL email De the duty OF tho President TO preside
a ali eetiD IS OF the boaro, and in the OF his
absence inability to act IL shall be the duty Of the
board TO siect OF their nun bsr Preside Mt pro
ter VII" hall, for the time being exercise the full
powers OF the tre5ldent..
All elections shall be by ballot, under the superin
tendence OF inspectors appointed Sy the board
from ong ths stOCb holders not directors. at east
week prior 70 election.
ARTICLE TWELFTH
a majority OF the Board OF Directors shall be fully
70. conducting the business of the corporation.
protection Of its rights, and the prosecute Of its
operations.
ARTICLE THIRTEENTH
Any Dir ctor about to absent himself for period