New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-03


he n known. that on this the third day of March,
In the ). ar Of our Lord one thousand eight nun,
dred and seventy, and OF the noepenuendh bo fors
United states of Amer ca the ninety fourtn peIoIe
me. John q. kusts, notary public IN ana lor 'n a
city of New Or cans. state OF LOUISIANA atoreso,u;
duly commissioned and sworn, pei sonaly cams snu
appeared the persons bereinafIe r named aud an.
dersignes, who severally declared mat, aV.hth h
state Of Louisiapa relative TO the organization OF
corporations in this State. they nave agreeo, anu
bind tn mselves and thosa whom they represent 10
form themselves into corporation for the objects
and under TIE stipulatlons, regulations Gnu opi's"
lions following. TO wit:
ARTICLE FIRST.
The corporate name Of this assocas6n sn NfS ~
THE OALOASiEU SULPHUR AND MIMI"
COMPANY OF LOUISIANA"
1t all have cor. crate seal, and for DEVICE 'he
coat of of the state of Louisiana. and for an
| inscription the name of the company and the oa'e
ARTICLE SECOND.
The place of business and the legal domici Of this
company stall DO the city of New Orleans
ARTICLE THIRD.
yhs object of the association shall be to purchase
q lease OF ain mineral Iaa7ts situate in the
parish of Cilcaseu IN the state OF Louisiana aiore
said, covering a tract of about fourteen hundred
of land with the<ight 10 org pore and Iniae
aoon saiS lanSs , for mineral oil ao 10;
Copper, Iron, Lead or other metals Except Only
mineral wterf), which msy be found on or beneath
ead lands and 10 TAKE, carry away and sell the same,
and receive The proceeds Of the same and for exer
cis,ng such other powers and privileges as MAJ ne
which are or may hereafter be conferred upon II.
ARTICLE FOURTH.
The capital stock of this ssoci alton is hereby
dXed 30 sovep hundred and fifty thousand dollars,
represented by fifteen thousand shares OF hIty CO.
lars each. Three thousand seven hundred and fifty
shares of said stock is the property OF Iruxtoq Low
shares of said ocK is the property of Mistress
| Widow Ha're kseoubss, and shall be deemed as
per share full paid stock not Liable to any cor
triDutions assessments: Two thousand f1Ve hun
! IS ~ ia
| der Bonneval ana his associates, and shail De
deemed paid up. to the extent of thirty i've dol
| lars per share at this time, and shall be exempt
from ali calls uotil the other shares Of stock shali
have been taken and shall have paid thirtg-nve dol
lars per share Five per cent Of each subscription to
the 6Jher stock shall payable at the time of sub
scriptiop ana the r,mainder shall be paid ct the
time and in the deter med by the Board or
| directors: provided that more than ten dollars
per share of such subscription shall be called Tor at
DAYS. and provided, further, that no subscriber shhu
be called on for more than ffty dollars per share,
| Should any subscrib stockbolder neglect or
refuse 10 pay punctuay his instalmens as they fai,
| eth ner cent per annum from maturity till pay
| ment, and If said payments be not made WITHIN
the ospd of Directors shall have he right Of caus
| ing any shares which iustaliments may be due,
days adver iseme in any newspaper published IN
the city OF New Or cans or OF recovering by SUIT 81
| law the amount due.
ARTICLE FIFTH.
|
cations OF Alexander Bonneyal and others un Ter the
provisions snd terms of contract, OF date the third
s as :? r ar Esooubas deposited Of
record in the office OF tina undersigned notary salc
March $50. granting 10 said Alexander Bonneyal
and others a lease OF tbs lands Aforesaid. for the
as set forth and expressed in said contract, which
| contract is hereby referred to, ana certified
Rnd this CORPORATION hereby obligates itself to DO
| ara perform every obligation, condition and re-
ouirenent in said contract ana TO no the
sid Alexander nnev1l and otoers, bis associ ates
harm ess from all liability growing out OF the non
And the said Alexander Bonneval and others, his
associates, the consideration herein expressed
| and abandon uato this corporation al the rights
! aud privileges granted or conveyed TO MN ana
chises therein contained to have, hold and e; Joy
the same as fully and freely though sa.d CON
tract had bsen made directly With this corporation
| Three thousand seven hundred and fifty shares OF
the stock of said company shsu he ths properly OF
~ ~, ap@ lit 81 res shall be the property of said
| Mrs Widow Hiiaire Escouh2s: two thousand hvs
| OF Alexander Borrevai and his associates upon
psyrent OF ten cellars per hare. ana men shal De
SoIars per share and rot Liable calls for further
contributions, uEt all the other shares shall nave
been paid up to thirty-fve d7grs per share, and
thereafter ali the stock. consisting OF twenty-five
hundred shares heretofore assigned to Alexander
aforesaid or their ass gus or tr3nlerees shal s2na
upon the same footing, and shal contribute equally
|
quirements o: sad 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 the date hereof
ARTICLE SEVENTH.
| This charter msy be modified or altered, and the
capital stock may be increased with the consent o.
| tlree-iourths OF the stock represented IN genera
meeting OF the stockholders convened for that ppr
| pose after thirty DAYS notice BY puoicauon IN an!
| daijy OF the City OF New dreams.
Whenever an increase Of the capital stock snaii o.
duly authorized ninety days notice OF the SAINT
snail be published in two daily newspapers in th'
city of New Orleans. within which tune stocknotder
shall have the first privilege of taking addition
sbares in proportion the amount of their stock
and any shares rot AIKEN It the e3plrs.lon OF Una
time may be disposed OF by the directors LOT th
| benefit OF the corporation.
ARTICLE EIGHTH.
All business of the corporation shall be managed
| by q Board of Directors, consisting Oh nine otock
each Of s stat a hi. ho
But the Board of Directors may be increased t.
twelve when all the shares OF the capital stock shs
3 have been taken.
f ARTICLE NINTH.
e The following named Stockholders viz; Pau
Fourchy, S. Ii. Kennedy " b. Koontz. Amilcs
Q Fortier, Carl Konu, Alexander bonneval, Henri
| Peychsud, Truxton Lowell, L. H. Summers, sna
compose, and hereby constituted. the hrs
Board Of directors. who shall, st their first meet
T. ing elect one OF their number President OF sal
Board and shall until superseded by their 50.
cessors who shall be elected provided in srtic
,; tenth.
ARTICLE TENTH.
On the second Monday of January, 1872, and an
rually thereafter, election OF DlrecJor by tn
). stockholders shall be held at the Office oil the
% poraton. for which election previous notice of te
n | DAYS snail be given newspapers ublIshSd
Is the city of New Orleans
n ARTICLE ELEVENTH.
A plurality OF votes. coun ting vote for eac
share of stock voted upon, bat no one STOCK hodi
shall vote on more than five hundred shares, sna
70 be sufficient elect Directors, no snail at the
n mum Der for President Of this corporation and
l. election shall be By majority OF the whole boar
and the President ehsi be the party upon who
sill cit atoms and other legal process shall be served
g. 1t shall be the duty of the President to presto
ID at all meetings OF the board and, in the case OF a
absence inability to act, it shall be the duty OF u
ID board to elect one of their nun Der President p
tenn VIII hail. for the time being. exercise the fu
h powers of the president.
IN All elections shall be by ballot. under the superb
| tendence of inspectors appointed by the poai
Of from ong the holders, lot directors at ea
id one week prior to election.
~ ARTICLE TWELFTH.
st majority OF the Board of Direc shall be full
authorized to do and perform ali acts pecessa
for conducting the business Of the cofporatlon I,
| protection of its rights, and the prosecution OF
operations
ARTICLE THIRTEENTH.
ANY Dir ctor about to absent himself tor peri'
- OF SIX months, less, may nominate substitute
~ hIs stead provided said substitute sha nave, IN
own right not less than twenty hve shares OF q
capital stock of this corporation, ana PROVIDED as
thst sal d ubstitute be elected By the Board OF
rectors for the time Bong.
ARTICLE FOURTEENTH.
tendent, and Secretary. and Treasurer, ana
clerks and agents and remove the same at pIeasul