The herald. [volume] (New Orleans, La.) 1905-1953, 1917-05-03

| OF THE CHARTER OF TIE NATIONAL
SULPHUR COMPANY, INC
! United States OF America, State Of LOulsl-
ana. Parish Of Orleans, City OF New Or
Be It known, tina; 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 forty.frSt: before me, 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 OF the witnesses hereinafter
| named and undersigned: Personally came and
| appeared Mr.. William L. Luck and Mr.
| F. W. Gaudin, residents OF the Parish of
! Orleans, State of Louisiana, Of full age
| herein appearing and acting in their capa-
cities as President and Secretary, respect.
lively, of the meeting of the stockholders OF
| the National Sulphur Company, Incorporated
louisiana corporation domlcIled in the city
OF New Orleans, organized by act passed be
fore the undersigned notary, on March 81,
| 1917, and pursuant to a 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 Stockholders OF said corporation, CON
vened on the 10th day of April, 1917 which
had been convened for that especial purpose,
in accordance with law, Article " of the
sad charter Of said corporation amend
ed, as 10 read, as follows, to-wit:
Article lN.-The capital stock of this
corporation IS hereby liked at two hundred
, thousand dollars (S2O,G0OO), divided into
and represented by forty thousand shares OF
the par value Of five dollars each; with the
right to increase said capital stock to not
more than FIVE hundred thousand dollars
(S50OOOOWl, upon complying with the re-
quisltes 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 common. shall have the
| same voting power, that Is to say, each
| share of stock shall De entitled to one vote
| upon questions coming before stockholders
| meetings The preferred stock shall be en-
utleu 10 receive seven-elghthS of the divi-
| dends declared by the said corporation, and
| to Seven-eighthS of the net profits and of
| the assets OF the company upon the dissolu
| ton OF the corporation; that is TO say, upon
| the declaration OF any dividends at any time
| by the SAID corporation, seVeu-eighths there
| OF shall be set aside and distributed pro-
| rata among the holders Of the said preferred
| stock, and One-elghth thereof shall be dis
| irlbued among the holders of the said com
| mon stock; and likewise upon the dissolution
| Of the said corporation al any time, all Of
| the assets and things Of value then belonging
to sald company shall be distributed in the
proportion OF seven-elghths to the holders of
! the preferred stock, and one-ei ghth TO the
| holders OF the common stock.
Inc subscriptions opposite the signatures
| OF the subscribers to this charter show tina;
| been subscribed The said subscriptions are
to be paid for by the said subscribers BY the
| transfer and delivery to this corporation, OF
the placer and non-metallic mineral rights
| following to-wit:
All the placer and non-metallic mineral
| rights to winch the original locator and ap.
plcant therefor IS entitled under the pro.
| visions OF the mining law. adopted by the
regular session Of the Thirty Third Iegis.
| lature u the State Of Texas, Chapter l73
Acts If 1913, upon two hundred acres of land
| situated partly in the West Half of the West
halt OF Section No. "a, and partly in the
North halt OF Section No. g. Block No. ll3
| Public School land, in Culberson County,
! Texas; the said two hundred acres Of land
| consisting OF five mineral claims designated
| as Willis No !, Willis No ,, Willis "a 4
| Willis No. and Willis No. s OF forty ac-eS
each; said Willis Claim No. / being located
partly IN Section ~ and partly in Section
| Is, and the remaining claims to wit. Willis
| No. ?, Willis No ;, Willis No ! and Willis
No. being located entirely in Section "a
| Block liz, as per field notes and plan of the
SAID mineral surveys and claims mad. nv
| W. +. Thaxton, Surveyor OF Culberson
| county, Texas dated January 3lst 1917. on
| ME IN the records Of the General Land Office,
at Austin, in the State OF Texas.
| Said lands dry rolling prairie inir,.
| 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 al
| the fulI value Of two hundred thousand dol.
| lars (s100OOO.0O).
All shares of stock Of this corporation shall
be fully. paid and worcestershire.