The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-12

own, purchase, sell, or lease lands for Gull
tivation in oranges, grape fruit, corn, Vege,
tables, -ice sugar cane or other fruits aHd
agricultural produce; 10 own and operate one
or more central sugar factories and rehner-
les canning or other factories; TO contract
for and purchase sugar cane or syrups; 10
raise live stock on its lands; to carry on
general stores in connection with its bust
ness; 10 construct and operate railroads for
the transportation Of the products Of its lands
or OF products 70 and from its factory or fac
tories; to build canals for transportation or
drainage and generally, TO make all con-
tracts and 10 engage in all business con-
nccted with incidental TO its main bust
ness Of acquiring and cultlyating lands and
producing crops theretrom.
Article III-The amount of the capital
stock Of this corporation shall be one hun
dred thousand dollars (Sl0opUoN, no portion
Of which shall he preferred stock, said stock
to he issued by the board Of directors for
ash, or property or for services rendered the
cooperation at such tines the board Of
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 S25O,rrC).
Article V.-The number Of shares of which
the capital stock shall consist shall be l.On
shares, OF the par value Of one hundred dol
lars $500 each
Article VI-The location of the domicile
Of this corporation shall be in the city Of
New Orleans, State OF Louisiana.
Article VII-Au the corporate powers OF
| rhis corporation shall be vested in and excr-
| ciscd by a board Of directors TO consist OF
| three 90 stockholders, TO be elected annu-
| ally at a stockholders meeting to be held on
| he fourth Tuesday Of the month Of May III
| each wear, and directors SO elected shall &c.
| 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-wt: Leverlng Moore
| 1 AnIrlgDu H..
| Dymond, Jr.. Empire =. O., La; Harold z
| Nathan, lI24 Tolcdano St, New Orleans, La
! Article VIII-The duration of this corpo
ration shall be for ninety-nine years.
| Article IX.-The names and post Office ad
| dresses of the subscribers OF these articles
OF Incorporation and a statement OF the mum
| Der Of shares Of stock of the corporation To-
| which each subScribes, as follows. to-wlt
lowering Moore, 42l Audubon St, New Or
leans. La, ! share; John Dymond, j., En-
pire p O., La. share; Harold p. Nathan
| l424 Toledano ST, New Orleans, La, ! share
| Mortgage Securities Co, Interstate Building
| New Orleans, 81 shares. OF the above share
30 shares are TO be paid for in cash. 10
710 OF the said shares, Mortgage SecuritIe
| Company is TO assign, transfer and dcllve
unto the corporation, with full suhrogatioi
to all its right Hereunder, and under tn
wit issued thereon, that certain ludgmen
obtained by the said Mortgage Securltle
Company against the Myrtle Grove Plantn
& Manufacturing Company in the proceed
lugS entitled. Mortgage securities NOulpdh
versus The Myrtle Grove Planting x Manu-
featuring Company" Number 1892 of III
docket OF the Civil District Court in and 70
the parish of Orleans, which said judgmer
has been appraised by the directors Of thi
corporation at the sum value of seventy-tw
thousand $4,000, as fully appears from IN
accurate detailed and itemized descrptio
of the said judgment together with the al
praisement thereof by the said director
which is annexed hereto as a part heTeo
marked Exhibit A."
Thus done and signed in my Office in III
city of New Orleans, in the presence {
Frank b. Twomey and Joseph L. Weiss, con
. petent witnesses, residing IN the said CIT!
together with me, notary, after due readin
, OF the whole.
Original signed: lowering Moore. or
p Nathan, one share; Mortgage Securti,
. Co, by lowering Moore yiCe-pres., y
FELIX J. DREYFOUS. Not. Pub.
! l. the undersigned recorder Of mortgage
4. in and for the parish OF Orleans, State
Louisiana. do hereby certify that the abo,
and foregoing act of Incorporation of Il
I day duly recorded in my office in book lis
{ New Orleans. May %, 1916
(Signed) EMILE ]. LEONARD, by. r.
true copy from the original act. Ne
G Orleans, August S0th, 1916.
= .. d. DANZIGER,
S Notary Public for the Parish of Orlear
and City of New Orleans, substituting Eel
d ]. Dreyfous, another notary public for sa
# parish, now absent on leave from the 60
II ernor, as appears by the instrument annex
e 10 an act passed in the office of said nota
k Dreyfous on August p, 1916.
e sept IL 81 rs oct 5 II