The herald., 1920-05-13
CHARTER.

agree and bind themselves. 49, wei
| as all such persons as may hereaf
ter become associated with them, to form
! and constitute corporation and body
| polite in law, and to that end they state
| the following matters and things and
execute and adopt these articles of incor.
! pOratiOn as follows, to-wit:
| ARTICLE |. The name of said cOrDOr.
alton shall be LlanO Graude Plantation
! CO.. Inc.
! ARTICLE 1.-THE objects and purpoSeS
| for which this corporation l. established
ana IN" nature of the business to be ear
led on by il are declared 20 be the mau-
ufacturing of sugar and the transaction
| of all business incident thereto. and the
purchase aud sale of such goods wares
and merchandise HS may be used for or in.
cident to said business and the owners hin
Of such buildings. machinery. equipment
aud Lands - may be necessary for that
purpose.
ARTICLE III-The amount of the cap
ltaI stock OF said corporation shalt be one
million tSlOoVuOOWD dollars, all of which
shall be common stock and none of which
shall b" preferred stock. said stock may
BE- issued for labor done. or money. or
property actually received
ARTICLE lN.-Thr amount to which the
capital stock of said corporation may be-
increased shall be two million 49, 900
OUOOOi dollars.
ARTICLE Y The number Of shares of
which said capital stock OF one million
tSl.Uub.UuO OOb dollars Of said rorpOratiOu
shall consist. shall he ten thousand 90
NOb shares Of the par value of one hun
dred tNlw.OOD dollars per share. the shares
of said corporation To remain at one hun
drcd tSlOOOOi dollars in the event of the
inrr"iS" of the capital stock of said cor
p"rhIon beyond on" million $1,000 OOO.O OJ
dollars
ARTICLE VI.-Thc location of the dom
iciI" of said corporation shall be in the
city of New Orleans, in the Parish of Or
leans, in the State OF Louisiana.
ARTICLE NII.-Thc period of duration
of said corporation shall be ninety nine
90 years.
ARTICLE VIII.-Thr number Of Direc-
tors of said corporation shall be five The
officers OF said corporation shall be those
provided for by law. and such other OH
'trS a may he provided for by the by
laws. The names and pO>tOflice addresses
pt the directors of said corporation who
ar" selected To Serv" for the firSt year or
lhtil their successors are elected and uuaI-
ned. shall he a. follows. to-Nit. vii
lam VI. Bancroft. New Orleans La;
lanes +. cunts. New Orleans. Lat: Frank
W. Mc'Owcn. New Orleans La. William |
". WeStrrfield. New Orleans La. and
William poh"rty. of Houston. Texas, with |
" lillian VI Bancroft - President vii
lam Doh"rty a. Vice President and |
rank W. McCowen a. Secretary aud !
Treasurer.
=
nice addresses of the subscribers to
he>e articles of incorporation and "A state
n"nt of the number Of shares of stock
which each subscriber is to take in said
corporation are as follows: William "
bancroft. New Orleans La. 5000 shares |
4 the par value of five hundred three
thousand (SJ03,OOOOO dollars: James f
UNITS, New Orleans. La. five shares of
ne par value of five hundred $500 OOy
"lIdrS: FRANK W. McCOwen. New Or
81 -Ilslr. |
I two thousand ts2.OO0.OO) dollars: vii
am W. Westcrfield. New Orleans La
We shares of the par value of 1--WE hundred
N"op) dollars; William DOherty. HOuS-
oh, IeAas' twenty shares Of the par value
two thousand t$2O0O.OOy dollars.
ARTICLE N.-Each share of stock shall
entitled to one vote. There shall be I
D cumulative voting ,
ARTICLE NI.-The Board Of Director, I
Sald corporation shall be- and are [
'r"by vested with oil the corporate pow '
: OF sald corporation. including among I
her powers the following. viz: The !
'Wer To make. alter and amend suitable I
laws Tor the government of said cor T
'ralOn; the power TO borrow money
."ute mortgages. issue notes or bonds !
sen or pledge the same. and generally :
30 all things pertinent to or npcsS.
ry for the objects and purposes of said !
rporatlon. or which are or may be per- =
tilted by the laws applicable to corpor- +,
the Eoard Of nirac,ars Nv. sld"tth Z
lSive the Intention heinz "a -, ~
1ard of nira.t. "i"S 10 vest the Il
III further no,vors " az >u'h olhef a
comnIish tho ohio.,. nay w proper 10 II
ia rornor.tior 60, anh purposes OF Il
r tho aIection of Diraat np"tlhSS :
,ration shall bo h,Is vi Saih COT
ird TbrrsJn, &c -, annually on the II
,pr,crr
a, nl u MI. ne president and the ;
~ i,IrSiteht' lh" secretary aud Treas It
an ia.,, w duthorlH"d '" receive SerNi ice y
~, ''''H>' i
Thus done and signed In nv office in =
nty of New Orleans. in the presence ,.
Harriet Spickert and ROY Pnvm,nd :,
mpetent witnesses. both of this city :,
40 have hcreuntO signed thair n,r,.. -
IN the said appearers g these arti, les n
Incorporation and me Notary on tho H.
10 and day first above written and tho II
i'll Subscribers do Eprnhv suL.,-;L- g a