The herald., 1917-05-17
AMENDMENT

/ Of THE CHARTER OF TIE NATIONAL
SULPHUR COMPANY. INC.
United States Of America, State Of Loui>l-
ana, Parish %. Orleans, Cty OF New Or
leans
Be It known, TIA: n this the seventeenth
! day OF the month Of April. III the wear OF
| Our Lord. one thousand, nine hundred and
Scyeu:ecu. and of the Independence Of the
| United States Of America the one hundred
notary public duly commissioned and quail,
fed, within and for the Parish Of Orleans,
State Of LOUISIANA, therein residing, and -
-..e presence Of the witnesses hereinafter
named and uudr-s gTed: Personally came and
appeared NJ. William 7. Luck and NJ.
+. ". Gaudin, residents OF the Parish OF
orleans, State Ot Louisiana, OF full age.
herein appearing and acting IN their Jap4-
lively, of the meeting OF the stockholders OF
the National Sulphur Company, incorporated,
Louisiana corporat'.a domiCIled IN the city
Of New Orleans, organized by act passed be
fore the undersigned notary. March 81
1917, and pursuant TO a resolution of said
stockholders meeting convened on the 10th
day OF April, 1917, certified copy OF which
minutes IS hereto annexed, as part hereof:
Who declared, that a. 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
said charter Of said corporation was amend.
ed, 50 as 70 read. as follows, to.wit:
Article lN.-Ihe capital stock OF TIL
corporation is hereby fixed at two hundred
thousand dollars (S3OO.cOOOO), divided into
and represented by forty thousand shares OF
he par value OF I'VE dollars each; with the
night to increase said capital stock 10 not
more than hye hundred thousand dollars
$5o0Oo0Ul. upon complying with the re-
quIsites OF the law.
The said stock shall be divided into two
classes, preferred and common. The pre-
ierred stock shall consist OF thirty thousand
shares, and the common stock OF ten thou
sand shares. All stock OF the company,
-. all
same voting power, that Is to say, each
share OF stock shall be entitled 10 one vote
upon questions coming before stockholders
meetings. The preferred stock shall be en-.
titled 10 receive Seyeu-eI glthS OF the dIyI-
bends declared by the said corporation, and
10 seven-eig hrhs OF the net profits and OF
the assets Of the company upon the dlssolu-
ton OF the corporations; that IS TO say upon
the declaration OF any dividends at any time
by the said corporation, seven-elghths there
Of shall be set aside and distributed pro-
rata among the hoidrs OF the said preferred
stock, and one-elghth thereof shall be dis
tribu;ed among the holders OF the said com
mon stock; and likewise upon the dissolution
~ the SAID corporation az any time, all OF
the assets and things OF value then belonging
TO said company shall be distributed in the
proportion Of seven-eIgh;hs 10 the holders OF
the preferred stock, and one-e eighth 10 the
holders OF the common stock.
The subscriptions opposite the signatures
Of the subscribers TO this charter show that
the entire amount OF the capital stock has
been subscribed. The said subscriptions are
10 be paid for by the said subscribers by the
transfer and delivery 10 this corporation, of
the placer and uon-metallic mineral rights
following tO-wIt:
All the placer and non-retallic 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 Of the Thirty Third Legs
,ature OF the State OF Texas, Chapter T5,
Acts Of 1918. upon two hundbsd acres OF land,
situated partly in the West Half of the West
half OF Section No. p, and partly in the
north half OF Section No. ., Block No. ll5,
Public School land, in Cuberson County !
consisting OF FIVE mineral claims designated |
IS willis No. !. Willis No. 2, Willis No. ;, |
Willis No. ! and Willis No. ;, OF forty acres |
each; said Willis Claim No. l being located |
partly in Section p and partly in Section |
3 and the remaining claims, to wit: Willis |
No. 5 being located entirely in Section D. |
Block ll5, per field notes and plan OF the
said mineral surveys and claims made BY
W. P. Thaxton, Surveyor Of Culberson !
County, Texas, dated January 3lst, 1917, on
file in the records Of the General Land Office,
at Austin, in the State of Texas.
Said lands dry rolling prairie, unin.
proved, and are supposed 10 contain sulphur,
oil and other minerals. The said mineral |
rights on said lands have been appraised by
he board of directors hereinafter named, at
The full value OF two hundred thousand dol
lars CS1OO,OOOOO)
All shares of stock Of this corporation shall
be fully paid and worcestershire.
Inc whole as will moIe fully appear by
reference 10 the annexed certified copy Of
he minutes OF said stockholders meeting
And the said appearers having requested
ne, notary, 70 put the said amendment in
authentic form, / do, by these presents, re-
celye SAID amendment in the form Of this