The herald. [volume] (New Orleans, La.) 1905-1953, 1916-11-09


board Of directors, consisting OF four stock
holders three Of whom shall constitute a
quorum for the transaction OF business. me
board Of directors shall elect annually from
their number a president. 4 viCe-Presl dent,
and a northumberland. The board OF
directors shall appoint from time to time such
officers and clerks and agents and employees
a. they may deem necessary Tor 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 Tor
the conduct and management OF the business
ard affairs OF the corporation.
The following persons shall constitute the
first board Of directors: Scely Dunn, Alfred
II. Clement. J. O. Elmer, George s, Taylor.
The annual meeting Of stockholders OF
ths corporation for the election OF directors
shall be held on the second Monday IN Au-
gust Of each year and the directors now
chosen 70 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, same shall be filed by the remaining
directors or director
Article Win the event Of the liGuida-
tipn or dissolution Of this corporation, the
stockholders shall elect two liqu,dators from
among their number AT a meeting convened
for that purpose. after ten days written no
tIcc sent to each stakeholder by mail TO his
last know address; said liquidators shall
have authority to wind up the business and
affairs Of this corporation.
In case Of death Of either OF said liqui-
datorS, the survivor shall appoint a stock
holder as successor TO him.
Article Widths charter may be modified
changed or altered, or said corporation may
be dissolved with the assent OF stockhold.
erS owning twO-thirds of the entire capital
stock, at a general meeting of the stock.
holders convened for such purpose, after ter
days written notice shall have been given
to each stockholder mailed to him at hi.
| last known address.
Article VIII-No subscriber for stock shall
ever be held liable for the contracts, fault.
or debts OF said corporation in any further
sum than the unpaid balance, if any, due the
! corporation on the stock for which he ha.
| subscribed; nor shall any stakeholder eve,
| be held liable for such contracts, faults, o.
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 o.
! stockholder liable beyond the unpaid amount
II any. remaining due on his stock.
Article lN.-Ihis corporation is organize,
! under the laws of the State OF Louisiana
| and especially Act No Isl of 1914 and tn
| subscribers hereto, for themselves and SAT-
corPoTation and for its officers. directors an,
stockholders, hereby accept, as part of thi
charter and as conditions Of this incorpora
ton, all the rights, powers, privileges an
lmmun,ues granted 10 corporations, an,
| granted to and conferred upon officers direc
tors and stockholders of corporations by sal
laws and said act; such acceptance being a
full, complete and binding as if said rights
powers, privileges and immunities were Sc
forth at full length in this instrument
Each subscriber hereto sets after his nam
MS post office address and a statement @
the number Of shares Of stock which he agree
TO take IN the corporation
/ Article N.-Sdid appearers declared tina
they subscribe. respectively, to the follow
tbs cooperation: SHY Dunn 499 share:
Alfred II; Clement, %, shares; J. o. Fine
/
The said subscriptions Of Seely Dunn an
Alfred II. Clement shall be paid for an
settled by them by the transfer to this CO..
! poration OF the following described pronert,
which IS owned by them jointly, the tit
OF which, however, for the purpose of the
convenience, IS now IN the name of sal
! ! Dunn. to-wit:
First: The Clement Sulphur Claim locate
by Gustav Grossman. agent for Seely DUN
mineral hle loy9, comprising 20 acres of lar
and located on the Southwest quarter of II
Southwest quarter Of Section Is. Block 10
grantee public school, Culbsrson Count,
Second: The Dunn Sulphur Claim locat,
? by Gustav Grossnan, agent for Seely Dun
mineral file 100, comprising 20 acres of lar
and located on the northwest quarter of Il
southwest quarter of section IS, block Il
grantee public school, Culberson Count
Texas.
+ Third: Douglas Sulphur Claim No. !, l
Gated by ;. ID. COalson, agent for See
: Dunn, mineral file TOl. containing 20 acr
; of land and located on the Northwest qua
ter of the Northwest quarter of section
block lU. grantee public school, Culbers'
Fourth: Douglas Sulphur Claim No. >, !
r Gated by :. ID. Coalson, agent for See
= Dunn, mineral file l7O2, containing 20 acr
y OF land and located on the Southeast qua
!, ter OF the Southwest quarter Of section
2 block 100: grantee public school. Culbers
: County, Texas.
( Fifth; Douglas Sulphur Claim No. ).
Gated by ;. ID. Coalson. agent for See
e Dunn, mineral file 1908, containing 20 acr
n of land and located the Northeast gu;
!, ter of the Southwest quarter of section
;, block lO9; grantee public school, Culbers
+ which said above described property h
- been appraised by the directors OF this C.
!. poration at the sum of 100000.
:, Said Alfred H. Clement, having paid {
: and advanced to the sum of St,674SS
= account, of this corporation, as shown by
= detailed statement hereto annexed. viii
n. has been approved by all of the said
pearers. It is agreed that this corporate
shall reimburse the said Alfred II. Clemt
IL for said payments and advances SO made
ID him out of the first net profits of this c
~ poration.
b Thus done and passed. in my notarial
IN nee, at the city of New Orleans, aforesa
y. in the presence of Ferdinand f. thinner a
ID Raymond Fagot competent witnesses of Ia
m iul age, and residing in this city. who he
e. unto subscribe their names, together W
y sand parties and me, notary, the
~ and date set forth in the caption hereof
R Original signed: Alfred II. Clement,
shares, 3O4 Hennen Annex, New Orleans,
Seely Dunn. 499 shares. SIS Whitney Cent
- Building, New Orleans, La; !. o. Elm
one share, SIS Whitney Building, New
leans, La; Geo. S. Taylor, one share,
Hennen Annex, New Orleans, La.
c. Witnesses: Ferdinand E. thinner, Raymc
ty Fagot.
> W. w. YOUNG, Not. Pul
!, the undersigned recorder of mortgas
of in and for the parish of Orleans, State
n Louisiana, do hereby certify that the alb
er and foregoing act Of Incorporation OF "To,
he Sulphur Company, Inc" was this day
ly recorded in my Office, in book l2Ol, folio
3d NS iss ofan Emile 9flGOfJ LE fSlS D.
ed A true copy of the original.
e. (Signe0 w. w. YOUNG, Not. Pu
of oct u l9 26 nov 9 10