The herald. [volume] (New Orleans, La.) 1905-1953, 1921-05-05
ACT OF INCORPORATION OF EVAN
BELLE PLANTATIONS, MOOR
PORATED.

BELLE PLANTATIONS, INCOR-
PORATED.
State of Louisiana, Parish of Orleans.
City of New Orleans Be it known, Thai
on this the 2lst day of the month of
April, in the year of our Lord, one thous-
and nine hundred and twenty one and
OF the independence Of the United States
OF America, the one hundred and forty
hfth before me, Charles +. Fletchinger, a
notary public, duly commissioned and
qualified in and for the City OF New Or
leans, Parish OF Orleans, State of Louis
lana, therein residing, and in the pres.
ence OF the witnesses hereinafter named
ana Undersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed, all of lawful age
and all residents of the City of New Or
leans, State of louisiana and ayailing
themselves of the laws of the State of
Louisiana aud particularly of Act 267
of the General Assembly Of the State of
Louisiana, for the year 1914, relative to
the organization of corporations, state that
they have covenanted and agreed and do
hereby covenant and agree to form them
selves, as well as such persons who may
become associated with them or succeed
them into corporation, for the objects
ana purposes and under the following ar
ticles, to-wit:
ICLE THE name of this cor
pOration shall be Eyan-Belle Plantations,
Incorporated, and by said corporate name
1t shall have and enjoy succession for a
period of ninety nine (99) years, unless
sooner dissolved in the manner provided
by law, and under said corporate name it
shall have power and authority to con-
tract, sue and be sued, to make and use a
corporate seal the same to alter or break
at pleasure, to make all necessary rules
and regulations for its corporate manage
ment and control; and it shall have and
enjoy all the rights, privileges and immuni-
ties which are now conferred upon or
which hereafter cd 70
porations of the same Kind and char
acter.
ARTICLE 1.-The domicile of the cor
pOration shall be in the City of New Or
leans, State of Louisiana.
ARTICLE III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be-
to own, lease, buy and sell lands and real
estate and to hold, improve and mort
gage the same, to improve lands for gen
eral or special purposes; to purchase, lease
and operate plantations, factories and re-
fineries and to ell and lease the same; to
purchase. sell, construct, lease and Operau
said mills, canning factories and ware
houses and to operate switch tracks, rail
roads, barge and boat lines in cOnneCti""
Herewith, to purchase, sell, manufacture.
produce, refine, prepare, import, export,
and generally, to deal in sugar, sugar cane,
mOlasses, syrups and all products or by
products thereof; and to deal in all food
products generally; to plant, cultivate,
produce and raise sugar cane, corn, oats,
rice and other food crops; to purchase,
sell. breed and deal in cattle and live
stock of all kinds; to conduct a general
mercantile business, wholesale and retail,
in the State of Louisiana. or elsewhere;
to engage in the business of public ware
houseman; to make, draw, endorse bills of
exchange, promissory notes and to issue
bonds, to sell, assign, transfer. mortgage,
pledge or otherwise dispose of bonds, Sc
other
corporations; to own stock in other cor
pOrations, to vote the same, and, generally,
to do any and all things incidental or
poses above specified
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum of
five hundred thousand dollars, divided into
five thousand $4,000 shares of the par
value of one hundred ($1O0) dollars each,
all of which shall be common stock. and
the amount to which the capital stock may
be increased is hereby fixed at the sum
of one million $1,000. OOO.OO) dollars; said
stock shall be issued only for cash or
in payment of property or services act
ually received by or rendered to said cor
poration; and shall be fully paid for at
the time of its issuance and thereafter be
non aSsesSable.
Said corporation shall commence bust
ness and become going concern as soon
as four hundred thousand lS4OOOOOOO)
dollars of the capital stock shall have been
subscribed and paid for.
The parties hereto hereby subscribe for
the number of shares of the capital stock
of said corporation set opposite their re-
spective signatures hereto. so that this act
of incorporation shall serve as an origi-
nal subscription.
ARTICLE V.-The Evan Belle Company,
Inc. a subscriber to four thousand shares
of the capital stock of this corporation.
in full payment of said subscription and
in consideration of the further delivery to
IL, by this corporation of its eight hum
bred and fifty Six per cent. (6 per cent?
First Mortgage and Vendors Lien Serial
Gold Bonds of this corporation. of the
denomination of one thousand $1,000 dol,
lars each, numbered one to eight hundred
and fifty, both inclusive, interest payable
annually on the first day of February of
each year, commencing February i, 1872,
and maturing at the rate of fifty thous-
and per annum commencing February
/, 1922, up to the year 1881, when the re
naming four hundred thousand OF said
bonds mature on February l of said year,
liver, with full warranty of titler to the
Evan-B Belle Plantations, Incorporated. those
two certain plantations, as presently con-
stituted with all the improvements there
railroad, mules. etc, known and desig-
mated as the Belle Alliance Plantation
situated in the Parish of Assumption and
the Evan Hall Plantation situated in the
Parish of Ascension, and the directors of
this corporation do hereby certify and
declare that said plantations are well worth
the sum of twelve hundred fifty thousand
($1250 600 dollars, and appraise the same
at that price.
No dividend shall be declared on the
stock of the corporation unless and until
the bonded mortgage indebtedness to be
incurred by this company in the purchase
of the Belle Alliance and Evan-Hall Plan.
tations, above referred to in Article V. of
the charter, shall have been reduced by
payment to four hundred thousand dol
lars; and no real estate belonging to the
corporation shall be mortgaged or alien
ated until the said bonded mortgage in
debtedness shall have been likewise re-
duced by payment to four hundred thous-
and dollars; and no Indebtedness, except
as hereinafter provided exceeding in the
aggregate at any one time the sum of
two thousand dollars shall ever be incurred
by this corporation, except with the unan-
imous consent of the Board Of Directors,
unless and until the bond mortgage in
debtedness herein provided for shall have
been reduced by payment to four hundred
thousand (s400 0O0.00) dollars.
The corporation may, however, issue
crop liens for annual advances, in excess
Of said sum, same to be made for the Gull
tivation and making of its crops.
ARTICLE vI.-An the powers of this
corporation shall be vested in and be ex-
ercised by Board of Directors of not less
than five shareholders and majority or
said board shall constitute a quorum for
the transaction Of all business.
A majority of the Board of Directors