The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-19

Article N.-All the corporate powers OF
said corporation shall be exercised by a
board of directors, consisting of four stock
holders. three of whom shall constitute a
quorum for the transaction OF business. The
board of directors shall elect annually from
their number a president, vice-presldent.
and a secretary treasurer. The board OF
directors shall appoint from time TO time such
officers ard clerks and agents ard employees
as they may deem necessary for the pur-
poses and business of the corporation, who
Shall hold office at the pleasure Of the board.
SAID board may make, alter and amend any
and all bylaws and regulations proper for
the conduct and management OF the business
and affairs of the corporation.
The following persons shan constitute the
first board of directors: Seely Dunn, Alfred
II. Clement, J. O. Elmer, George s. Taylor.
The annual meeting of stockholders OF
this corporation for the election of directors
shall be held on the second Monday in Au-
gust OF each year, and the directors now
chosen TO represent this corporation shall
hold their Offices until that date, or until
their successors are duly elected and quail
fled. In case vacancies occur during the
year, sane shall be filled by the remaining
| directors or director.
Article Win the event of the liquida-
| ton dissolution OF this corporation, the
| stockholders shall elect two liquidators from
among their number at meeting convened
| for that purpose after ten days written no.
| tiCe sent 10 each stakeholder by mail to his
last know address; said liquidators shall
| have authority to wind up the business and
In case Of death of either of said liqui-
dators, the survivor shall appoint stock
| holder as successor TO him.
Article Widths charter may be modified,
| changed altered, or said corporation may
| be dissolved with the assent of stoCkhold
ers owning two-thirds OF the entire capital
stock at general meeting of the stock
| holders convened for such purpose, after ten
| days written notice shall have been given
| to each stakeholder mailed 10 him at his
| last known address.
Article VITI.-No subscriber for stock shall
| ever be held liable for the contracts, faults
or debts OF said corporation in any further
! sum than the unpaid balance. if any, due the
! corporation OF the stock for which he has
| subscribed; nor shall any stakeholder ever
| be held liable for such contracts, faults, or
| debts in any further sum than the unpaid
| balance, il any, on the stock owned by him;
| nor shall any mere informality in organiza-
| ton have the effect of rendering this char
ter null, or rendering any subscribers or
| stakeholder liable beyond the unpaid amount,
! ii any, remaining due his stock.
Article lN.-This corporation is organized
| and especially Act No Dot of 1914. and the
\ subscribers hereto, for themselves and said
| corporation and for its officers, directors and
stockholders, hereby accept, as, part of this
| ton, all the rights, powers. privileges and
| immunlties granted to corporations, and
granted 10 and conferred upon officers. direc-
1 tors and stockholders of corporations by said
| laws and said act; such acceptance being as
| full complete and binding as if said rights,
| powers, privileges and immunities were set
forth at full length in this instrument.
| Each subscriber hereto sets after his name
| his post office address and a statement of
the number OF shares of stock which he agrees
to take in the corporation.
| Article. N.-Said appearers declared that
they subscribe, respectively, to the follow
ing number of shares OF the capital stock OF
tins corporation: Seely Dunn, 499 shares;
Alfred II. Clement, 499 shares; J. o. Elmer,
Chara Go - ..1A
| The said subscriptions OF Seely Dunn and
Alfred H. Clement shall be paid for and
settled by them by the transfer to this cor
poration OF the following described property
which is owned by them jointly, the title
OF which, however, for the purpose OF their
convenience, Is now in the name of said
Dunn, to-wit:
First: The Clement Sulphur Claim located
by Gustav Grossman, agent for Seely Dunn
mineral file 1909, comprising - acres of land
and located on the Southwest quarter of the
Southwest quarter OF Section IS, Block lO9
grantee p1fblIc school, Culbsrson County,
Texas.
Second: The Dunn Sulphur Claim located
by Gustav GrOssman, agent for Seely Dunn
mineral file 100, comprising 10 acres of lane
and located on the northwest quarter of The
southwest quarter Of section Is, block 100
grantee public school, Culberson County
| Texas.
Third: Douglas Sulphur Claim No. l. 10
Gated by s D. CoalSon, agent for Seely
Dunn, mineral file l7Ol, containing 40 acres
OF land and located on the Northwest quar-
. ter OF the Northwest quarter Of section %
block lO9s grantee public school, CulbersoI
County, Texas.
Fourth: Douglas Sulphur Claim No ,. 10
!, Gated by $. ID. CoalSon, agent for Seell
Dunn, mineral file T02 containing 20 acre
Of land and located on the Southeast quar-
. ter OF the Southwest quarter OF section Is
, block 100, grantee public school, Culbersor
Fifth: Douglas Sulphur Claim No. }. 10
Gated by 5. ID. Coalson. agent for Seell
Dunn, mineral file 1908, containing ~ acre
, of land and located on the Northeast quar-
. block lO9., grantee public school, Culbersoi
County, Texas.
which said above described property ha
been appraised by the directors of this cor
poraton at the sum of 100000
Said Alfred II. Clement, having paid Oh
and advanced to the sum of $6674.SS 70
> account OF this corporation, as shown by tn
|. detaile statement hereto, annexed. .whic
|, bearers. it is agreed that this corporation
shall reimburse the said Alfred II. Clemen
for said payments and advances so made b
! him out Of the first net profits of this COT
u poration.
Thus done and passed, in my notarial OF
. nee, at the city OF New Orleans, aforesaid
in the presence Of Ferdinand f. thinner an
: Raymond Fagot, competent witnesses of Law
= full age, and residing in this city, who here
2 unto subscribe their names, together wit
, said parties and me, notary. on the da
anu udNS SCI lbIlu III inc SdptIOu ncrcOI.
Original signed: Alfred II. Clement, g
!. shares, 3OI IIennen Annex. New Orleans. La
Seely Dunn, 499 shares, S2s Whitney Contra
Building, New Orleans, La; J. o. Elme
one share. SIS Whitney Building, New Or
leans. La; Geo. 5. Taylor, one share, e
Hennen Annex, New Orleans, La.
Witnesses: Ferdinand E. thinner, Raymon
:. Fagot.
W. W. YOUNG, Not. Pub.
!, the undersigned recorder of mortgage.
q, IN and for the parish of Orleans, State c
= Louisiana, do hereby certify that the abov
: and foregoing act Of incorporation Of "Toya
: Sulphur, Company. Inc.," was this day dul
5 recorded in my office, in book 1901, folio =
New Orleans, October 2, 1910.
! (Signed) EMILE J. LEONARD. d. R.
A true copy of the original.
(Signe0 W. W. YOUNG, Not Pub.
6 oct II l9 70 nov ? Q 10