The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-28

own, purchase, sell, or lease lands for cul
| tlvation in oranges, grape fruit, corn, vege'
| tables, rice sugar cane or other fruits and
| agricultural produce; to own and operate one
| or more central sugar factories and TeiueT-
| les or canning or other factories; 10 contract
| for and purchase sugar cane or SyrupS; 4
raIse live stock on its lands; 10 carry on
general stores IN connection with It's bust
ness; to construct and operate railroads for
the transportation OF the products Of its lands
or OF products 10 and from its factory or fac
tories; 10 build canals for transportation or
drainage and generally, 10 make all con-
tracts and TO engage in all business con
nected with or incidental 10 its main bust
ness OF acquiring and cultIvating lands and
producing crops therefrom.
Article III.-The amount Of the capital
stock Of this corporation shall be one hun
dred thousand dollars CSl0OOOO0O no portion
OF which shall be preferred stock, said stock
to be issued by the board Of directors for
cash, or property or for services rendered the
cooperation at such times as the board q
directors may determine and direct.
Article IV.-The aggregate amount to which
the capital stock may be increased shall be
two hundred fifty thousand dollars s2SD,OoOl.
Article N.-Thc number of shares Of which
the capital stock shall consist shall be 1000
shares, Of the par value Of one hundred dol
lars tSlOO each
Article VI-The location of the domicile
Of this corporation shall be in the city of
New Orleans, State of Louisiana.
Article VlI.-AlI the corporate powers of
this corporation shall be vested in and exer.
cised by a board Of directors to cousis; OF
three CD stockholders, TO be elected annu-
ally at a stockholders meeting to be held on
the fourth Tuesday of the month Of May in
each year, and directors SO elected shall re-
main in office 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,
El Audubon St, New Orleans, La; John
Dymond, Jr., Empire P. o., La; Harold z.
Nathan, 1924 Toledano St. New Orleans, La.
Article VIIT.-The duration of this corpo-
ration shall be for ninety-nine years.
Article IN.-The names and post Office ad.
dresses Of the subscribers of these articles
OF Incorporation and statement of the num-
Der Of shares OF stock OF the corporation for
which each subscribes, are as follows, to-wit:
lowering Moore. 42l Audubon St, New Or
leans; La, share, John Dym9nd; u, En-
Pire p. O., La; share: Harold P. Nathan.
1924 Toledano St. New Orleans, La, share !;
Mortgage Securities Co., Interstate Building,
New Orleans, 997 shares. OF the above shares
$50 shares are to he 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
TO all its right Hereunder, and under the
writ issued thereon, that certain ludgmen Mt
obtained by the said Mortgage Securities
Company against the Myrtle Grove Planting
Il Manufacturing Company in the proceed
ings entitled: Mortgage Securities Company
versus The Myrtle Grove Planting & Manu-
featuring Company Number 1882 of the
docket Of the Civil District Court in and for
the parish Of Orleans, which said judgment
has been appraised by the directors Of this
corporation at the sum value OF seventy-two
thousand $4,000, as fully appears from the
accurate detailed and itemlzed description
Of the said judgment together with the ap-
praiSemcnt thereJf by the said directors
WHICH is annexed hereto as a part hereof,
marked Exhibit a"
Thus done and signed in my Office in the
city Of New Orleans, in the presence of
petent witnesses, residing in the said city,
together with me, notary, after due reading
of the whole.
Original signed: lowering Moore. one
share; John DymOnd IT., one share; Harold
p. Nathan. one share, Mortgage Securities
Co., by lowering Moore, vce-pTes., 81
shares. F. II. Twomey, ]. L. Weiss.
FELIX J. DREYFOUS, Not. Pub.
I, the undersigned recorder # mortgages,
in and for the parish of Orleans, State of
Louisiana, do hereby certify that the above
and foregoing act OF Incorporation of the
Pointe Celeste Planting Co.. Inc, was this
day duly recorded in my office in book ll95,
folio SO
New Orleans. May g. 1916
(Signe0 EMILE J. LEONARD, by. R.
A true copy from the original act New
Orleans, August S0th, 1916.
=. d. DANZIGER,
Notary Public for the Parish of Orleans,
and City OF New Orleans, substituting Felix
]. Dreyfous, another notary public for said
parish, now absent on leave from the gov
ernor, as appears by the instrument annexed
to an act passed in the Office of said notary
Dreyfous on August 81, 1916.
Z u % act