The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-24
AMEsDMENT

]
SULPHUR COMPANY, INC.
| United States Of America, State OF Louisi-
ana, Parish Of Orleans, City OF New Or
! Re 1t known. that on this the seventeenth
! day Of the month Of April, in the wear OF
! Our Lord, one thousand, nine hundred and
seventeen, and Of the Independence Of the
| United States Of America the one hundred
| and f0rty-ti-St: before ne, Alexis Brian, a
| notary public duly commissioned and quail
! fed, within and for the Parish OF Orleans,
! State OF Louisiana, therein residing, and Il.
-.Ie presence 81 the witnesses hereinafter
| named and undersigned. Personally came and
| appeared NJ. William p. Luck and Mr..
| F. W. Gaudin, res dents OF the. Parish Of
! Orleans, State OF Louisiana, Of full age,
| herein appearing and acting II their capa-
| cities as President and Secretary, respect
lively, OF the meeting OF the stockholders OF
! the National Sulphur Company, Incorporated,
| a Louisiana corporation dpmcIed IN the city
| OF New Orleans, organized by act passed be-
| fore the underS. guei notary, on March 81,
| 1917, and pursuant to resolution OF said
stockholders meeting convened on the 10th
! day Of April. 1917, a certified copy OF which
| minutes IS hereto annexed, as part hereof:
Who declared, that AT a general meeting OF
| the stockh9iders Of said corPoraI9n con
vened the 10th day OF April, 1917. which
had been convened for that especial purpose
| in accordance with law, Article " OF the
said charter of said corporation was amend
ed A 50 ' Gv Ts2d as stock 59"', Of ,b,
corporation is hereby fixed at two hundred
thousand dollars lSN00COOOD, divided into
and represented by forty thousand shares Of
the par value OF five dollars each; with the
right 10 increase said capital stock to not
more than five hundred thousand dollars
(S50O0O0Dl, upon complying with the re-
quISites OF the law.
The said stock shall be divided into two
classes, preferred and common. The pre-
! ferred stock shall consist OF thirty thousand
shares, and the common stock OF ten thou
sand shares. All stock OF the company,
whether preferred or common, shall have the
same voting power, that Is to say, each
share of stock shall be entitled 10 one vote
upon questions coming before stocEho!ders
/ meetings The preferred stock shall be en-
| titled 20 receive Seven-eIghths OF the dlvI.
| dends declared by the said corporation, and
| 10 lElrhS OF the net prOttS and OF
| the assets OF the company upon the dissou-
ton OF the corporation; that IS 70 say, upon
! the declaration Of any dividends at any time
| by the said corporation, seven-eighths there
| OF shall be set aside and distributed pro-
| rata among the holders OF the said preferred
stock. and one-eIEhth thereof shall be dis
! .ributed among the holders OF the said com
mon stock; and likewise upon the dissolution
| OF the said corporation at any time, all OF
| the assets and things OF value then belong ng
/ 10 said company shall be distributed IN the
| proportion OF seven-eighths to the holders OF
| the preferred stock, and one-eighth to the
! holders Of the common stock.
! The subscriptions opposite the signatures
| Of the subscribers 10 this charter show that
| the entire am cunt Of the capital stock has
/ been subscribed. The said subscriptions are
| 10 be paid for by the said subscribers by the
| transfer and delivery 70 this corporation, OF
the placer and non-me;allIc minera! rights
I following to-wIt:
! All the placer and on-metallic mineral
| rights 10 which the original locator and ap-
plICant therefor Is entitled under the pro-
| visions OF the mining law, adopted by the
| regular session Ofv the Thirty Third Legs
! Iature Of the State Of Texas, Chapter H5,
/ Acts Of 1918, upon two hundred acres OF land,
/ situated partly in the West Half OF the West
half of Section No. q, and partly IN the
! Public School land. in Culberson County,
Texas: the said two hundred acres Of land
consisting OF hve mineral claims designated
as Willis No /. Willis No. ,, Willis No. J.
each; said Willis Claim No. being located
partly IN Section - and partly IN Section
y, and the remaining claims, 10 Wit: Willis
No ,, Willis No ;. Willis No. and Willis
No being located entirely in Section .,
Block ll5, as per field notes and plan OF the
". 2. Thaxton. Surveyor Of Culberson
County. Texas, dated January 5lst, 1917, on
file in the records Of the General Land Office,
at Austin. in the State OF Texas.
Said lands are dry rolling prairie, unIm-
proved. and are supposed to contain sulphur,
oil and other minerals. The said mineral
rights on said lands have been appraised by
The board of directors hereinafter named, az
The full value Of two hundred thousand dol
lars (S0OOOOO).
be fully paid and nou-assessable.
The whole as will more fully appear by
/ reference 20 the annexed certified copy OF
the minutes Of said stockholders meeting
And the said appearers having requested
me, notary, 20 put the said amendment in
authentic form, do, by these presents, re-
oeve said amendment in the form Of this