New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-04-07
CORPORATIONS.
CAaCAsgEU SULPHUR
MINING COMPANY OF LOUISIANA A.
UNITED STATES op AMERICA,
q &C o,IlIxna CITY of Nav QriaRuS. !

UNITED STATES OF AMERICA
State of LOUISIANA, City OF New dreams
Be it known, that this, the third day of March,
In the year of our Lord one thousand eght nun
dred and seventy. and OF the independence OF the
United States of Americs the ninety fourth before
me. John g. Eustis, notary public in and for tne
duly commissioned and sworn, per sonally came ana
appeared the persons hereinafter named and IN.
themselves of the provisions of ths ststutss of the
state OF Louisiana relative to the organization OF
bind tn mselves and those whom they represent to
form themselves INTO corporation Tor the oHSec.s'
and under the stipuiations, regulations, ana oohsa
tons following, to wit:
ARTICLE FIRST.
The corporate name of this association shai be
THE CALOASiEU SULPHUR AND MINING
COMPANY o. LOUISIANA"
coat of arm. Of the State of louisiana and for an
Inscription the name of the company and the date
ARTICLE SECOND
The place Of business and the legal domici Of this
company shall DO the city Of New Orleans.
ARTICLE THIRD.
The object of the association shall be to purchase
lease of Ger ain mineral lanes, situate in the
parish of Calcasieu in the state OF Louisiana afore
said, covering tract of about fourteen hundred
acr,s OF land, wi the eight to dig. bore and mine
unen said lands for mineral oil Petroleum,
sulphur Salt, Coal Ore, other minerals. and for
Copper, Iroo. Lead or other metals Except only
mineral waters) whfoh may be found on beneath
said lads and TAXI, carry away and sell the same
and receive the proceeds OF the same and for exer
cising such other powers snd privileges as may be
csssary for the business appotaining thereto,
vnicL may hereafter be conferred upon it.
ARTICLE FOURTH.
The capital stock Of this Association ia hereby
fixed seven hundred aud fifty thousand dollars,
represented by fifteen Thousand shares of fifty do
lars each. Three thousand seven hundred and fifty
shares Of said stock is the property OF Iruxton Low
shares of said STOCK ID the property OF Mistress
Widow Hiaire Escoubas. and shall be deemed as
srYG n tha ant nf "
per share and full paid stock not liable to
tributions or asses snents Two thousand five hun
cred shares Of SAID stock s the property OF AIexan
der Bonneval and mis- associates, and shall be
deemed paid up. to the extent OF thirtyfive dol
from all calls uotl the Othsr shares of stock shall
have been taken AID shall have paid thirty.hve dol
the her stock shall payable at the time of sub
scripton. and the rsInainder shall be paid at the
time and IN the manner determined by the Board CT
Directors; provided that not more tnan ten dollars
per share of such subscription snail be called Tor at
DAYS: and provided further, that subscriber shall
be called for more than nifty dollars per snare,
and his stock be then considered as fully paid.
Should any subscriber or stockholder neglect
refuse pay punctuaiy his instaliments as they iA
interest thereon shall be added at the rate OF
Ell. ut per cent per anpum from maturity till psy-
ment, and II SAID payments De not mace WITHIN
tnlrty days alter the specified time OF payments
the Board Directors snail have the right OF caus
ing any shares on which instalments may pc due,
to be sold at public auction or otherwise after ten
days advertisement in any newspaper published IN
the city OF New Orleans, or OF recovering by suit 81
law the amount due.
ARTICLE FIFTH.
The said corporation hereby assumes all the obi
uations OF AeEsnder Bonneysl and others under the
provisions and of contract of date the third
day OF March. 1870 by and between TruAton Lowell
record in the office of the undersigned notary said
act OF deposit bearing date the seventh cay OF
and others lease of the lands aforesaid. for the
term of ninety.nins years for mining purposes
as set forth and expressed in said contract which
ia by ref a
aud this corporal on hereby obgates itself to do
and perform every obligation, condition and re-
Quiremen in said contract contained to hold the
said Alexander bonneval and others bis associates,
harmless 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 ail the rights
them By sad contract, WITH all the rights and fran
chises therein contained. to have, hold and erjoy
the same, as fully and as freely as though said CON
tract mad b4en made directly with this corporation
Three thousand seveL hundred and fifty shares OF
the stock of said company shall be the property OF
said Tru1ton Lowell; three thousand seven hun
dred and fifty shsres shall be the property OF said
Mrs. Widow Hiiaire Escoubss; two thousand hye
hundred ares OF said atock shall be the property
| OF Alexander bonueval and his associates upon
deemed to be paid shares the extent of thirty five
dollars per share. and not liable TO calls for further
been paid up to thirty five dollars per share, and
thereafter all the stock. consisting OF twenty i've
| hundred shares heretofore assigned to Alexander
Bonneval and his associates, and he'd by them, IS
aforesaid, their tranterees, snail stand
upon the same footing ana sna contribute eq1alis'
| share and shsre aike to the Escessities ana re
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
neace operations IRON the date hereof.
ARTICLE SEVENTH.
This charter may be modified or altered and the
1 al ma q Sai
three .ourtns the stock represented in general
meeting of the stockholders convened for that pur
| daily newspaper of tbs city of New Orleans:
Wherever increase of tie capital stock shall be
| duly authorized. ninety DAYS notice OF the same
STALL be published IN two daily newspapers II the
city Of New Orleans. within which time Stockholders
snail have the first privilege Of taking addition a.
shares in proportion to the amount OF their stock
any shares Dot AIKEN at the expiration OF that
! time may be disposed OF by the Directors TOR The
| benefit OF the corporation.
| ARTICLE EIGHTH.
| All business of the corporation shall pa managed
| hy Board of Directors, consisting OF nine stock
holders, e&cn OF whom saal nola m ms own tigh
| But the Board of Directors may be increased &c
twelve when all the shares OF the capital stock shall
| have been taken.
| ARTICLE NINTH.
| The following named Stockholders viz; Pau
| Fourchy. :. Ii. Kennedy, W b. koontz, Amilcal
| Fortier. Carl Kohn,- Alexander Bonneval. Henry
| Peycnsud Truxlon Lowell L. II. Summers, shall
| pose. and are hereby constituted. the frs
| Board of directors who snail, at their first meet
ing elect Que OF their number President of sale
Board and shall until superseded by their sue
cessors who shall be elected as provided IN article
| tenth.
| ARTICLE TENTH. ----1-- =
| On the second Monday of January, 1872, and an
| nualiy thereafter d election OF Directors by The
kholders shall be held at the office of the cor
poration for hich election previous notice OF ter
days shall be given IN TWO newspapers publlshsd II
| she city of New Orleans.
| vi EVFNTI
| plurality of votes. coun ting one vote for eacl
share of stock voted upon, bat no one stockhotdel
| shall vote on more than five hundred shares, shsi
be sufficient elect Directors, W no shall at thei
first meeting after their election choose one of hei
number for President of this corporation and sale
| election shall be by majority OF the whole board
| and the President shai be the party upon whom
ali cit atoms and other legal process shall be served
1t shall be the duty OF the President to preside
at ali meetings of lna board, and, in the case OF hi
absence inability to act it shall lbe the duty OF thi
| board to elect of their nun Der President pre-
tenn VIII hall, for the time being, exercise the full
powers Of the President.
| ALI elections shall be by ballot, under the superin
tendence of inspectors appointed by the boar(
from ong the stock holders, not directors, at cas-
one week prior TO election.
| ARTICLE TWELFTH
a majority of the Board OF Directors shall be full!
| authorized to do and perform all acts neceSser
fo7 conducting the business of the corporation, tn
protection of its rights, and the prosecution OF 1t
| operations.
|. ARTICLE THIRTEENTH.
Any Dir ctor about to absent himself for psrio
of months, less, may nominate su bs;ltute II
ms stead provided said substitute shall have, in HI
own right. not less than twenty five shares OF tn
tnRn