New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-03-31
CORPORATIONS.
NAxOAsEEU sULFHUk
MINING COMPANY OF LOUISIANA.
UNITED STATES OF AMERICA,
n,s, IS Natu NV.

UNITED STATES OF AMERICA, }
State of LOUISIANA, City of New Orleans. }
Be it known that on this the third day of March.
in the " ar of lord one thousand eight nun
9Tea ana ssvsny ana OF me
me. John q. Eustis, notary public IN and Tor ID 9
duly commissioned and sworn, personally came ana
appeared tie persons hereinafter named and un.
dersisne.. who severay declared that avsii,e g
themse YES of the provisions CT the statutes OF the
state of Louisiana relative to the organization OF
corporations IN this state, they have agreed, and
bind mselves and those whom they represent TO
form themselves in corporation for the objects,
and under the tpnatlons regulations, and obIga-
tons following, to wit:
ARTICLE FIRST.
The corporate name Of this association shall be
..ThE CaLUASiEU SULPHUR AND MINING
COMPANY o. LOUISIANA"
1t snail have corr crate seal. and for device the
coat of arm of he 81 ate OF Louisiana and for an
Inscription the name OF the company and the date
ARTICLE SECOND.
The place of business and the legal domcil OF this
company snail BIO the city OF New Orleans
ARTICLE THIRD.
The object of the association shall be to purchase
a lease OF cer.ain mineral laaos situate in the
parish OF Cscasieu in the state OF Louisiana afore
said, covering tract of about fourteen hundred
of land, with the right to dig, bore and mine
said lands mineral oil Petroleum,
Sulphur, Salt, Coal oil other minerals and for
Copper, Iron, Lead or other metals Except only
mineral W ters) which may be found on or beneath
said lands and to tak carry away and sell the same,
and receive the proceeds of the same and for exer
cising such other powers and privileges may be
necessary for the business thereto, or
whc1 are or may hereafter be conferred upon it.
ARTICLE FOURTH.
THE capital stock of this ssociation ia hereby
fixed at seven hundred and fifty thousand dollars,
represented by fifteen thousand shares OF fifty doI
lars each. Three Thousand seven hundred and fifty
cH DT al is a l.OH
ell, aud three thousand seven hundred and fifty
shares OF said STOCK ID the property OF Mistress
Widow Hialre Escoubas, and shall be deemed as
paid up, at this time to the extent of fifty dollars
per and full paid stock not liable to con-
dred shares of SAID stock is the property of Alexan
der Bonneval and his associates, and shall be
lars per share at this time, and shall be exempt
from all calls uotii the other shares of stock shall
lars per share Five per cent of subscription to
the other stock shall pay able at the time of sub
time an in the manner determined by the Board Of
Directors provided that not more than ten dollars
per share OF ss od & sha De caea 6f AZ
days; and provided further that no subscriber shall
be called on Tor more tnsn nifty dollars . per SHARE
Should any subscriber or stockholder neglect or
refuse pay punctuay his instaments as they fan
duo. interest thereon shall be added at the rate OF
eis ht per cent per annum from maturity till pay
ment, and If said pa, ments 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 installments may be due,
to be sold at public auction otherwise. after ten
days advertisems in any newspaper published in
the city of New or OF recovering by suit at
law the amount due.
ARTICLE FIFTH.
Tho said corporation hereby assumes all the obi
cations of Alexander Bonneval and others under the
provisions and terms of contract, of date the third
day of March, 1870, by and between Truxton 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 nlnety.nine years for mining purposes,
Contract is hereby referred to, and a certified
copy made part hereof.
And this corporation hereby obligates itself to do
and perform every obligation, condition and re-
quirement n said contract contained, and to no the
said Alexander Bonneya and others, his assoc ates,
harmless from all liability growing out OF the nom
performance thereof.
And the said Alex ander 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
them By said contract with all the rights and fran
chises therein contained, to have, hold and erjoy
the same, as fully and as freely though sad con-
tract had bsen made directly with this corporation
Three thousand seven hundred and fifty shares OF
sad THuxton Lowell shres thousand sevea hun
dred and fifty shsres shall be the property OF said
Mrs Widow Hiaire Escoubas two Thousand 1--WE
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
deemed to be paid shares to the extep of thirty i've
dollars per share and not liable to calls for further
contributors. until all the other shares shall have
been paid up to thirty-tive dollars per share. and
thereafter ali the stock. consisting OF twenty i've
hundred shares, heretofore ASS gned to Alexander
Bopneval and mis- associates. and he'd by the m, as
aforesaid, their assigns or ranferees, shall stand
upon the footing, and shall butte equally,
share and share alike, to the necessities and re-
auirements OF said corporation, in conformity with
the provisions Of article four of this charter.
ARTICLE SIXTH.
This corporation shall go into effect eud oon.
mence operations from the date hereof.
ARTICLE SEVENTH.
This charter may be modified or altered, and the
capital stock may be increased with the consent Of
Lbree.fourths OF the stock represented in general
meeting OF stockholders, convened for that pur
pose after thirty days notice by publication in any
DAILY newspaper of tho city of New Orleans
Wherever increase of the capital stock shall be
duly, authorized ninety days notice OF tne same n
city of New Orleans, within which time stockholders
shall have the first privilege of taking additona al
SHARES proportion to the amount OF their stock,
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 mis- own rig bit
hs Boar5 ne Of be-
twelve when all the shares OF the capital stock shall
have been taken.
ARTICLE NINTH.
The following named Stockholders viz; Paul
Fourchy, s. II. Kennedy w. B. Koontz, Amcar
Fortier. Carl Kohn,. Alexander Bouneval. Henry
Peychaud, Truxton Lowell, E. H. Summers, shall
Soa4d Of birectors who shall at their first meet
ing. elect one OF their number President OF said
cessors who shall be elected as provided in article
tenth.
ARTICLE TENTH.
On the second Monday of January. 1872, and an
nually thereafter election of Dlrecto rs by the
stockholders shall be held at the office of the cor
poraton for which election previous not ice OF ten
days shall be given IN two newspapers pu bilsned III
the city of New Orleans.
ARTICLE ELEVENTH.
A plurality OF votes, coun ting vote for each
share of stock voted upon, bot one stockhoider
thal vote more than five hundred shares, shall
be sufficient elect Directors, ho shall at their
first meeting after their eectIon choose one of heiI
number Tor President Of this corporation, and said
election shall be by majority OF the whole board
| and the President shall be the party upon whom
all cit atoms other legal process shall be served
1t shall be the duty OF the President to preside
at all meetings Of the board and; in the case Of hit
absence or inability TO act it shall be the duty of ths
beard to elect of their nun Der President pre-
tenn, wis hall, for he time being exercise the full
All elections shall be by ballot, under the superin
tendenee OF ,nsPectqbrs, dsPpo,nted by the ooarf
one week prior to election.
ARTICLE TWELFTH
majority of the Board of Directors shall be full
authorized to do aud perform ali acts pecessar.
for ductir the business Of the corporation. IT,
protection of It's rights, and the prosecution Ct it
operations.
ARTICLE THIRTEENTH.
Any Dira ctor about to absent himself for a perot
of less, may nominate uostit uGe il
ms stead, provided sad substitute shall have, IN
own right. not less than twenty five shares of tn
oitai stock If this corporation, and provided alo
that saIs substitute be elected By the Board of Di
rectors for the time being.
ARTICLE FOURTEENTH.