The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-21

own, purchase. sell. lr lease lands Tor Gull
tivation in oranges. grape fruit, corn, vege-
tables, rice sugar care other fruits and
agricultural produce: TO own and operate one
or more central sugar factories and reEner-
les OF canning or other factories; to contract
tor and purchase sugar cane or syrups; to
raise live stock on ITS lands; - carry on
general stores IN connection with its buSI-
ness; 20 construct and operate railroads for
the transportation Of the products Of its lands
or OF products % and from its factory or fac
tories; to build canals for transportation or
drainage and generally, 10 make all con-
necrcd with or incidental TO its main bust
ness oi acquiring and Cultivatug lands and
producing crops thercfrom.
Article IH.-The amount Of the capital
stock Of thi, cooperation shall he one hum
bred thousand dollars (SIOOUGOOl, no portion
Of which shall ne preferred stock. said stock
L. BE issued by the board Of directors Tor
cash, or property or for services rendered the
cgporation AT such times as the board Of
directors may determine and direct.
Article IN.-The aggregate amount 20 which
the capital stock may be increased shall be
two hundred fifty thousand dollars $4,000.
Article N.-The number Of shares OF which
the capital stock shall consist shall be 1000
shares. Of the par value Of one hundred dol
lars tSlpO) each
Article NI.-The location Of the d1micile
u thi- corporation shall he in the city of
New Orleans, State OF Louisiana.
Article NII.-An the corporate powers of
this corporation shall he vested in and cxcr-
Ci>ci by q board II directors 10 consist Of
three 90 stockholders, 20 be elected aunu-
ally at stockholders meeting 20 be held ON
he fourth Tuesday Of the month Of May in
each year, and directors 50 elected shall re-
main in ONCE until their successors are elect
ed and qualified The following persons shall
constitute the first board Of directors of the
corporation, To serve until their successors are
elected and qualified. to-wit: lowering Moore,
81 Audubon s., New Orleans, La; John
Dymoud, Jr., Empire L. o.. La; Harold F.
Nathan. l41+ Toledano ST, New Orleans, La.
Article VIII-Thc duration Of this corpo-
ration shall be for nIuety-nine years.
Article IN.-The names and post office ad-
dresses of the subscribers OF these articles
Jf Incorporation and a statement Of the num-
Der Of shares Of stock OF the corporation Tor
which each subScrihes, are as follows. tO-wit:
lowering Moore, 42l Audubon St, New Or
leans, La, ] share; John DymOud, Jr., En-
pire T.. O., La. ! share; Harold F. Nathan.
l4l+ ToledanO St, New Orleans La, ! share:
New Orleans, 997 shares. OF the above shares
$50 shares are to be paid for in cash. For
20 OF the said shares, Mortgage Securities
Company is TO assign, transfer and deliver
unto the corporation, with full subrogation
70 all is right hereunder. and under the
writ issued thereon, that certain judgment
obtained by the said Mortgage Securities
tDmpany against the Myrtle Grove Planting
Manufacturing Company in the proceed
ingS entitled: Mortgage Securities Company
versus The Myrtle Grove Planting Il Manu-
featuring Company Number 1882 Of the
docket OF the Civil District Court in and for
the parish Of Orleans, which said judgme nj
has been appraised by the directors OF this
corporation at the sum value OF seventy-two
thOus.nC $4,000, as fully appears from the
accurate detailed and itemized description
OF the safd judgment together with the APP
praisenent thereJf by the said directors
which is annexed hereto as part hereof,
marked Exhibit A"
Thus done and signed in my Office in the
city Of New Orleans, in the presence OF
Frank B. Twomey and Joseph L. Weiss, com.
petent witnesses. residing in the said city,
together with me, notary, after due reading
Of the whole.
Original signed: Levering Moore. one
share; John Dymond, Jr, one share; Harold
T. Nathan, one share: Mortgage Securities
Co, by lowering Moore, vice-pres, 997
shares. F. b. Twomey, J. L. Weiss.
FELIX J. DREYFOUS, Not. Pub
I, the undersigned recorder of mortgages
| in and for the parish OF Orleans, State OF
Louisiana, do hereby certify that the above
and foregoing act of Incorporation of the
day duly recorded in my office in book ll95
folio so.
New Orleans, May %, 1916.
(SigneD EMILE J. LEONARD, by. R.
4 true copy from the original act. New
Orleans, August 5Oth, 1916
A. D. DANZIGER,
Notary Public for the Parish of Orleans
! and City OF New Orleans, substituting Felix
/ J. Dreyfous, another notary public for said
parish, now absent on leave from the gov.
ernor, as appears by the instrument annexed
| Dreyfous on August 81, 1916.
| sept IA p 28 oct u