The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-11
CHARTER.

ARTICLE IX-The capital stock of this
corporation shall not be issued except 1of
labor done or money or property actually
received; and it is hereby declared that the
stock subscribed for herein by the YAK
Bluff Planting and Manufacturing Com
pany, Ltd, and the Sterling Sugar
Railway Company, Ltd, shall be paid for
in property, as follows:
In payment Of the subscription OF one
thousand three hundred and h1ty (l5OV)
shares of the preferred stock or this cor
pOratiOn and one thousand four hundred
and ninety eight Q49S) shares Of the com
mon capital stock of said corporation SUB
scribed by the Oak BLUM Planting
Manufacturing Company, Ltd, the salu
Oak Bluff Planting n Manufacturing Com
pany, Ltd, agrees to sell and this sald
CORPORATION agrees to buy and is hereby
authorized to acquire, to receive and take
title TO, free of any and all encumDrahces,
certain sugar plantations, properties anu
improvements thereon, and appurtenanceS
thereof, etc, an accurate, detailed ana
itemiZed description of which said prop
erty, real, personal and mixed 10 De ac-
quired and purchased by this corporation
in exchange for said stock as to amount,
location, extent, character and state OF i'm
proyement, is hereto attached, made part
hereof and marked Exhibit a.; and the
parties named herein as the board or d.
rectors of this corporation do hereby de-
lare that they have examined said prop
erty, and do hereby appralse the value
thereof at not less than two hundred ana
eighty four thousand, eight hundred lSZei,-
$1,000 Dollars; and the president OIL TINS
corporation is hereby authorized to &C
Quire said property on behalf OF TINS cor
poration from the said Oak Blum Planting
& Manufacturing Company, Ltd, ana issue
or cause. to be issued In payment thereof
one thousand three hundred and hfty
(l3J0) shares of full paid preferred STOCK
of this corporation and one thousand four
hundred and ninety egiht Q49o) shares OF
| the full paid common capital stock OF SAID
corporation.
In payment Of the subscription of five
thousand live hundred and hfty-three
| (5553) shares of the preferred capital stock
of this corporation and six thousand nVe
hundred and ninety three (6o93l shares oil
the common capital stock OF this corpora
| ton subscribed for by the sterling Sugar
" Railway Company, Ltd, the said Sterl-
| ing Sugar & Railway Company, Ltd,
- to sell and this corporation
agrees to buy and Is hereby authorized 70
| acquire, receive and take title to, free OF
any and all encumbrances, certain sugar
| factory and refinery, together with certain
| sugar plantations, properties and improve
ments thereon and appurtenances thereof
| ETC., an accurate, detailed and 1temlzed
description of which said property as to
| amount, location, extent, character and
| state of improvement Is hereto attached
made part here of and marked Exhibit
| b" and the parties named herein as the
board of directors of this corporation do
| hereby declare that they have examined
| said property and do hereby appraise the
| value thereof at not less than one million
| two hundred and fourteen thousand six
| hundred ,600.00} Dollars, and the
president Of this corporation is authorized
| to acquire said property on behalf of this
| corporation from the said Sterling Sugar
| & Railway Company, Ltd, and issue OIL
| five thousand five hundred and fifty-three
| (5553) shares of the full paid preferred
| capital stock of this corporation and six
| thousand five hundred and ninety th rec
:i3) shares of the fulpa i'd common CAPT
| tai stock of this corporation.
ARTICLE X-This charter may bt
| amended, and the capital stock of this
| corporation may be increased or decreased
| or this corporation may be dissolved il
| the method and manner provided by law
ARTICLE XI-No stakeholder of thi:
| corporation shall ever be held liable or re-
| spOnsible for the contracts or faults OF
i this corporation In any further sum thar
| the unpaid balance on the stock for which
he has subscribed, nor shall any mere In
| formality in organization have the effec
| of rendering this charter null or Of ex
posing stakeholder to any liability othel
than as above provided.
Thus done and passed in my Office a
the City of New Orleans, Louisiana, on tn,
| day, month and year first hereinabov
written, In the presence of r. c. Milling
and Joseph K. Hart, competent witnesses
who hereunto sign their names with sal,
appearers and me, notary, after due read
ing of the whole.
Oak Bluff Planting and Manufacturing
Co., Ltd, S. T. McCardell, president
Franklin, La, 1850 preferred, 149S com
mon; Steering Sugars q Ry. Co, Ltd, b.
f. Ii. Williams, president New Orleans
La, 1858 preferred. 6593 common; c.
Kemper, Franklin, La, / common; Il. Z
Williams, New Orleans, La; / common
Frederick Wilbert, Plaquemine, La,
common; J. II. McCardell, Franklin. La
common; c. s. Williams, New Orleans
La, 1 common; J. Fl. Murphy, by c. u
Kemper, proxy, New Orleans, La. com
mon.
Witnesses: R. C. Milling, Joseph 4
Hart.
EUGENE ID. SAUNDERS,
Notary Public
I, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans
State of Louisiana, hereby certify that tn
above and foregoing Act of Incorporatio
of the Sterling Sugars, Inc, was this da
recorded in my Office In Book 1858, foil
638.
New Orleans, June Goth, 1921.
Il ROBT. SCOTT
Deputy Recorder
New Orleans, La. July Is, 1921.
Ill EUGENE ID. SAUNDERS,
(SEAL0 Notary Publ,
July 21-Aug. IS