New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-17
CORPORATIONS,
CAACA9EEU SULPHUR
MINING COMPANY OF LOUISIANA
UNITED STATES OF AMERICA,
STATE of Loulsiana. CltY Of NeW Orleans.


State of Louisiana, City OF New Orleans
Be II known, that on this, the third day of March,
in the year OF our lord one thousand eght nun
cred and seventy, and OF the Independence oi the
United States OF Amer ca the niosJy fourth, before
me. john o. Gusts, notary public in and for tne
city of Rev Dreams state Of Loui5lana azores 10,
duly comm ssioDed and sworn, lily came and
appeared the persons bereinaf er na,nsd and TN.
derslgnes, who severa,y declared hat. ay,lhug
therse of the provisions Of the statutes OF the
state of Louisiana relative 10 the organization of
corporations in this State, they have agreed, ana
bind tn nselves and those whom they represan TO
form them selves into COOPERATION for the offsets
and under the tprlatious, regulations, and opnsa-
tons following. to wit:
ARTICLE FIRST.
The corporate name of this association shall be
1.-THE CALCASiEU SULPHUR AND MINING
COMPANY Os LOUISIANA"
1t shall have cor. crate seal, and for device the
coat of arm. Of the State of louisiana and for
inscription the name of the company and ths date
ARTICLE SECOND.
The place Of business and the legal domicil Of this
company shall be the city of New ofleans
ARTICLE THIRD.
The object of the association shall be to purchase
a lease of Ger ain mineral lanes situate in the
said, covering tract of about fourteen hundred
acrss of land, with the right to Dig bore ard mine
sulphur, It, GOAL Ore. or other minerals, and for
Copper, Iron, Lead or other metals Except only
SAID lands and 20 TAX carry awsy and sell the same,
and receive nc proceeds OF the same and for exer
c!Slug such otntr powers ana privileges as may be
necessary for the business -ppeftaining thereto, or
which may hereafter be conferred upon it.
ARTICLE FOURTH.
The capital stock of this. sssoci alton is hereby
fixed at seven hundred and fifty thousand dollars,
ented by hteen Thousand shares OF fifty dol
lars each. Threethousand seven hundred and fifty
shares OF said stock is the property of Truxton Low
ell, aud three thousand seven hundred and fifty
shares of said $ ock is the property of Mistress
Widow Hi'airs kscoub.g. and shall be deemed
paid up, at this time. TO the extent OF fifty dollars
per share. and full paid stock not Liable to a0y
trDutions or asses sinents. Two Thousand five hun
dred shares of said STOCK is the property Of Aexan
der Bonneval and his associates, and shall be
deemed as paid up, TO the extent of thirtytive do
lars per share, at this time, and shall be exempt
from all calls ult the other shares of shall
have been taken and shall have paid thrty-ive doi.
lars per share Five per cent each subscription
the o. her stock shall payable the time of sub
scriptiop. and the remainder shall be paid AT the
time ard in the manner determined by The Board of
Directors; provided That not more than collars
per share OF such subscription shall! be called or at
daSs and provided. further that subscriber shall
be called for more than tifty dollars per share
and his stock be then considered as fully paid.
should any ub=criber srockholder neglect or
due interest thereon shall be added at the rate of
hit per cent per annum from maturity till pay
ment, and If said payments be not MADE within
tbe BosrS Of Directors h have the r IL Of ea1s
ing any shares on which installments may be due,
days sdvertiseme 1t in any newspaper published in
the city OF New Orleans Of recovering by suit at
law the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obi
cations O.! Alexander BonnevR and OF hers inter the
provisions and terms of contract, of date the third
day of March. 1876 by and betty TruSton Lowell
record in the office OF the undersigned notary said
act of deposit bearing date the seventh day of
and others lease of the lands aforesaid, for the
term of nInety-nine years for mining purposes,
as set forth and expressed in said contract VIII ch
contract is hereby referred to, and a certified
copy made part hereof.
and perform every obligation, CONDITION and re-
quirement in said contract and to hold the
said Alexander B2nneyal and otners bis associates,
harm ess from all liability growing out OF the non
performance thereof.
And the said Alexander Bonneval and others, his
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 to him and
them, by said contract with all the rights and fran
chises therein conteined. to have hold and er Joy
the same as fully and as freely as though sad con
tract had been 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
bred ana fifty shares shall be the property of said
hundred shares of said atock hall be the property
OF Alexander Bonnevdl and his associates upon
deemed to be paid shares to the extent of thirty five
dollars per share and not liable 10 calls for further
contributiots until all the other shares shall havs
been paid up to thirty-tve dollars per share and
thereafter ali the stock. consisting OF twenty-five
hundrei shares. heretofore as igned to Alexander
BonCeval and mis- associates. and held by thsm as
aforesaid their assigns tranerees. shall stand
upon the same footing and shall contr butte equally,
share and share alike, to the necessities and
Quirements OF said corporation, in conformity with
the provisions of article four Of this charter.
ARTICLE SIXTH
This corporation shall go into effect and com
mence operations from TIE date hereof.
ARTICLE SEVENTH
This charter may be modified or altered, and the
capital stock may be increased with the consent Of
three fourths the stock represented in general
meeting of tie stockholders convened for that pur
pose, after thirty days notice by publication in any
daily newspaper OF the city of New Orleans
Whenever increase of the capital stock shall be
duly authorized. ninety DAYS notice of the same
shall he published IN two daily newspapers in the
snail the first privilege of taking addition al
sbares in proportion to the amount of their stock,
and any shares rot 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 shall hold in his own right
fifty shares of the capital stock of this corporation.
But the Board of Directors n ay BIS increased to |
twelve when all the shares of the capital stock shall
have been taken.
ARTICLE NINTH.
The following named Stockholders viz; Paul !
FouJchy s. r. Kennedy, W B. koontz, Amicar |
Fortier, Carl kohn, Alexander Bonneval, Henry |
Truxton Lowell, E. II. Summers, shall |
Board of Directors, who SHALL at their first meet |
ing, elect OF their number President of said |
Board and shall serve until superseded by their
cessor5. who shall be elected as provided IN article
tenth.
ARTICLE TENTH.
On tie second Monday of January, Is72 and an
nually thereafter, an election of Directors By the |
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