The herald. [volume] (New Orleans, La.) 1905-1953, 1921-08-04
CHARTER.

poration. but the directors and of
then in office shall remain in office
their successors shall have been re
lively duly chosen, elected, qualined
ARTICLE IX-The capital stock of
CORPORATION shall not be Issued eNrep 4
labor done, or money or property act
received aud il is hereby declared ina
stock subscribed for herein by the L
Klun Planting and Manufacturing
many. Ltd. and the Sterling Sugi 4
railway Company, Ltd, shall be par 7
in property, as follows
In payment of the subscription Or
thousand three hundred ana my
shares of the preferred stock OF lhls-
marathon and one thousand four hui
and ninety eight O49sJ shares of the
mon capital stock OF SAID CorpoIat1pn
scribrd by the oak Blum Planun |
Manufacturing Company, Ltd, the
OAK Blum Planting ~ Manufacturing
uauy. Ltd, agrees TO sell ana inns
CORPORATION agrees TO buy and Is n
authorized to acquire, to receive ana
title 10. free of any aud all encumOrs |
certain sugar plantations, properties
| improvements thereon, and appurten
| thereof, etc, an accurate, detailed
| itemizrd description OF which sald
| .rty real personal and mixed TO
| uuIrcd and purchased by this corpof
| in exchange for said stock as 10 am
location, extent, character ana state
| proVrmrut. Is hereto attached, maue
| hereof and marked Exhibit an
| partirs named herein as the board
| rrclOrs ut this corporation do hereO
| larr that they have examined SAID
| erty, and do hereby appralse the
| thereof at not less than two hundred
| eighty four thousand, eight hundred
| >UOuOI Dollars; and the president
CORPORATION is hereby authorized !
4 - ht4hnh
pOration from the said OAK Bum IN
| x Manufacturing Company, Ltd, and
| or cause to be issued in payment u
| one thousand three hundred and
/. | l3JUD shares of full paid preferred
of this corporation and one thousanC
/, hundred ana ninety eglht Nliso) sha
, | the full paid common capital stock
In payment of the subscription Z
\ | thousand hye hundred and hrty
2 tlL5y) shares Of the preferred capital
| of this corporation and six thouSan
1 | hundred and ninety three (6Os3l Sha
r the common capital stock OF TINS col
!, ton subscribed for by the sterling
Il x Railway Company, Ltd, the said
ing Sugar X Railway Company,
to sell and this eorpo
| agrees to buy and is hereby authors
, | acquire, receive and take title 10,
y | any and all encumDrances, certain
. | factory and refinery, together with c
i sugar plantations, properties and iml
| ments thereon and appurtenances IN
etc, an accurate, detailed and lite
| description of which said property
j amount, location, extent, character
= | state of Improvement is hereto atti
u made part here Of and marked Il.
i b" and the parties named herein Q
: | hoard of directors of this corporate
: | hereby declare that they have eXal
. said property and do hereby apprai,
1 value thereof at not less than one N
1 two hundred and fourteen thousan
hundred (Sl,2l4 100000 Dollars, and
e president of this corporation Is auth'
: TO acquire said property on behalf Or
u corporation from the said Sterling :
7 X Railway Company, Ltd, and isse'
u cause to be issued in payment ther
II nye thousand i've hundred and ffty
!. t5JJ3D shares of the full paid pref
e capital stock of this corporation an
r thousand five hundred and ninety
I .ril shares Of the fulpa i'd common
h tai stock of this corporation.
ARTICLE X-This charter maJ
| amended, and the capital stock of
corporation may be increased or deere
e or this corporation may be dissolv,
u the method and manner provided by
ARTICLE XI-NO stakeholder of
l. | corporation shall ever be held liable {
l. | sponsiOle for the contracts or 1aui
a | this corporation in any further sum-
"a che unpaid balance on the stock for
N he has subscribed, nor shall any mes
o formality in organization have the
70 of rendering this charter null or o
! posing a stakeholder to any liability
/ | than as above provided.
NJ Thus done and passed in my oft
10 the City Of New Orleans, Louisiana,
No. | day, month and year first herein
y written, in the presence OF X. Z. M
II and Joseph L. Hart, competent with
"a who hereunto sign their names with,
NJ appearers and me, notary, after due
m ing of the whole.
~ Oak Bluff Planting and Manufact
- Co, Ltd, s. I. McCardell, pres
GO Franklin. La, 1850 preferred, 149S
- mon; STEERING Sugars & Ry. Co, LIT,
+. Il. Williams, president, New Or
a, 1858 preferred, 1898 common;
~ Williams, New Orleans, La; / com
- Frederick Wilbert, Plaquemine, l.,
"a common; ]. ii. McCardell, franklin
~ common; G. s. Williams, New On
,'Ss La, n common; J. ii. Murphy, by
20 Kemper, proxy, New Orleans, La. 1,
20 mon.
y witnesses: r.. C. Milling, JOSEF
Of EUGENE d. sAUNDE
ne Notary II
/, the undersigned Recorder of
- = cages, in and for the Parish OF Or
~ State of Louisiana, hereby certify thf
ne above and foregoing Act OF Incorpol
ie Of the Sterling Sugars, Inc, was thi
recorded In my Office In Book 12o3,
% 636
OIL New Orleans, June Goth, 1921.
n ROBT. SEQ
III Deputy Rec,
A true copy:
ue New Orleans, La, July Is, 1921.
NJ EUGENE ID. SAUNDE
(SEAL) Notary p
RS July 21-Aug. %.