The herald., 1916-10-12
CHAR TER

| CHARTER
| OF TOYAH SULPHUR COMPANY, INC.
| State Of Louisiana, Parish Of Orleans, City
of New Orleans.
BE it known that, on this sixth dav Of
| October. in the year one thousand nine hun
| dred and sixteen, before ne. William Waller
Young, notary public, in and for the
| commissioned and qualified. and in the pres
| ence of the witnesses hereinafter named and
| undersigned, personally came and appeared
| the several persons whose names are here
| unto subscribed, all above the full age OF
| majority, who Severally declared that. avail
| ing themselves Of the laws of the State of
| Louisiana. aud especially the laws relative
| TO the organization of corporations thew have
| covenanted and agreed to bind, form and
| constitute themselves, well as all such
| other persons a may hereafter join or be-
| come associated with them, into a corporation
| and body polite in law, for the objects and
purposes and under the articles. agreements
| and >upulations following, tO-wIt:
| Article The name. style and title OF
| this corporation shall be "Toyah Sulphur
Company. Inc, and, under that name. it
| tageS and privileges granted by law TO cor.
poratiOnS, and shall exist for the full term
and period OF ninety-nne years, from this
day. II shall have power TO contract sue
| ana be sued; 10 make and a corporate
seal, and the same to alter or break at
pleasure; TO hold, receive, lease, purchase
sell and convey, a. well as mortgage, hypoth-
eCate and pledge property, real, personal and
mixed corporal and incorporeal: to name
| and appoint such managers, directors ofi.
GERS, agents and other EMPLOYEES az It's in.
tereNtS and convenlenceS may require. and
10 make and establish, well as alter and
| amend, IRON time TO time, such bylaws
rules and regulations may be necessary
and eXpedIent for the proper management
and government OF the affairs OF said cor
poration.
Article 1.-The domicile OF said corpora
ton is hereby fixed in the City of New Or
| leans, State Of Louisiana. and all citations
or other legal process shall DE served upon
the president of said corporation. or. in his
absence. upon its secretary treasurer
Article III.-The objects and purposes Of
this corporation. and the nature OF the bust
ness TO be carried on by it, are hereby de-
clared to be that Of a general sulphur min
State of Louisiana. and throughout the United
States, and to that end to mine. MILL con-
centrate, convert, smelt, treat and prepare
| tor market, manufacture. buy, sell and other
wise produce. and deal in sulphur and it's
products and bysprOducts of every kind and
| description, and by whatsoever process the
same can or may hereafter be produced !;
to mine gypsum and other minerals to buy
| sell. exchange, lease, acquire and deal in
sulphur, gypsum and other mines, and gvp-
sum sulphur and other mining grounds and
generally to do any and all things compile.
mentary or incidental to the sulphur mining
business.
Article GN.-The capital stock Of this cor.
poration is hereby fixed at the sum of one
hundred thousand dollars (SlOO,OOOO. to
be divided into and represented bv one thou.
sand 1000 shares OF stock, in the sum of
one hundred dollars (SlOOOO each. Said
stock shall be paid for when, and in such
nstallmentS, as directed by the board of
directors. The capital stock may bc in
creased or diminished, provided by law
All shares OF stock shall be issued as full
pad and non assessable. and no transfer of
all h.,
unless recorded on its books.
The capital stock of this corporation NAV
be increased to the sum OF FIVE hundred thou
sand dollars (S5O0,000OO)
Article YAH the corporate powers of
SAID corporation shall be exercised by a
holders three of whom shall constitute a
quorum for the transaction of business, The
board OF directors shall elect annually from
ane d number a president. vicePresident
ana secretary treasurer. The board of
directors shall appoint from time to time such
oftcers and clerks and agents and EMPLOYEES
as they may deem necessary for the pur.
psi and business OF the corporation, who
shaiI hold office at the pleasure of the board
Said board may make, alter and amend any
and all bylaws and regulations proper for
inc conduct and management Of the business
ana affairs OF the corporation.
The following persons shall constitute the
htst board of directors: Seely Dunn. Alfred
ii: Element, J. o. Elmer. George S. TAYLOR
Inc annual meeting of stockholders of
shall be held on the second MONDAY in A..
gust OF each year, and the directors now
Sh0Sen 10 represent this corporation shall
nola their Offices until that date, or until
tneir successors are duly elected and anal.
ihed. In case vacancies occur during The
year, same shall be filled by the remaining
directors or director
Article Win the event of the I;ou;da.
non or dissolution of this corporation, the
I oil i
among their number at a meeting convened
LOT that purpose, after ten DAYS written no.
ice Sent 10 each stakeholder by mail TO his
last know address; said liauidators shall
nave authority to wind up the business and
AFFAIRS of this corporation gnu
In case of death of either of said I;cu;
Ia,9rs' the survivor shall appoint stock.
| hoider as successor TO him
Article Nll-This charter may be modified.
Inanged or altered or said corporation NAV
| De dissolved. with the assent of stockhoId
erS owning two-thirdS of the entire cani.aI
StGGk, at a general meeting of the stock.
| IoluerS convened for such purpose, after ten
DAYS written notice shall have been given
10 each stakeholder mailed to him at bis
last known address, --''
Article VIII.-No subscriber for s,ocL sh.,I
ever be held liable for the contracts, faults
sum than the unpaid balance, if any' due the
corporation on the stock for which he has
suoScrt1ed; nor shall any stakeholder ever
/ HSiu idoic LOT Sucn contracts, faults
debts in any further sum than the ,n1,;d
balance If any. on the stock owned by him
nor snail any mere informaity in organiza,
non nave the effect of rendering this char.
ter null or rendering any subscribers or
stockholder liable beyond the unpaid amount.
IL any, remaining due Or his stock.
article lH-This corporation is organized
under the laws of the State of IoSis;ana
ana especially Act No .267 of 1914, and the
suoscrioers hereto, for themselves and said
corporation and for its officers, directors and
stockholders, hereby accept as part of this
ehar'er and as conditions of this incorpora-
ton, all the rights. powers, privileges and
immunities granted to corporations. and
granted to and conferred upon officers, direc-
,ors ana 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 sci
| 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.