The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-05
CHARTER
CHARTER
SDITTU NEW ORLEANS LANDS COM.

OF SOUTH NEW ORLEANS LANDS COM
PANN.
United States OF America, State Of LOUISIANA,
City Of New Orleans, Parish OF Orleans;
BE it known, that on this 18th day OF the
month Of February, IN the year OF our l.Otd,
one thousand nine hundred and fourteen tlSlD
and Of the INDEPENDENCE Of the United States
Of America, the one hundred and thirty eighth,
before me, Arthur b. Leopold, notary public
IN and for the parish OF Orleans, state OF Lou,
ISlana, duly commissioned and qualihed, ana
IN the presence of the witnesses hereinafter
named and undersigned, personally came and
appeared. The persons whose names are mere
unto subscribed, all residents OF this city, who
severally declared that availing themselves OF
the provisions OF the general laws OF tins
state, relative to the formation OF corpora
tions, they do by these presents form them
selves into and constitute a corporation, Tor
the objects and purposes, and under the stp-
ulatiOus and agreements hereinafter set forth,
which they hereby adopt as their charter, to-
wit:
Article The name OF this corporation
shall be South New Orleans Lands Com
pauy" and under its corporate name II shall
exist and have succession Tor period OF
ninety nine tgyD years from date hereof, and
It shall have and exercise for the purpose of
its business all the powers, rights and privi-
legcs conferred by law on similar corpora
tons, and II shall be and II is further author
Ized and empowered to do and perform any
act or thing and conduct any and all business
usually connected with and pertaining to the
affairs and business set forth in Article
prohibited by law.
Ii shall have power and authority to hold.
own. receive, purchase and lawfully acquire
by deeds of conveyance, contract lease rent
IN any other lawful manner the title and
ownership TO all property, real, personal and
mixed. and likewise with full power and
thority TO ALLEVIATE, dispose Of. lease, rent,
sell, convey, mortgage, hypOtheCate, pledge or
otherwise cucumber, its franchises and prop
erty, real, personal and mixed, or any part
thereof.
Ii shall have power to borrow money, and
10 issue notes, bonds and other evidences of
Indebtedness from time to time, and TO
cure the payment OF the same or any part
thereof, by pledge or hypothecation of prop
erty, or by mortgage or other evidence Of lien
placed upon its franchises and property, real,
personal aud mixed, any part thereof.
Ii shall have power TO acquire undertake
the whole or any part OF the business, prop
erty, good will and liabilities Of any person,
hrm or corporation carrying on any portion
of the business which the corporation is au-
thortZcd 10 carry on or possessed of property
suitable for the purposes Of the company
and 10 pay for the same in cash, bonds or
paid up shares as may be agreed upon; to
enter into any agreement not prohibited by
law Tor sharing profits, union of interests,
cooperation, joint adventure, reciprocal CON
CeSsion otherwise, with any person firm
or company carrying on engaged in or
about 70 carry on or engage in any business
OF transaction which the company IS author
ized 10 carry on or engage IN, or any business
OF transaction capable of being conducted so
as directly or indirectly to benefit the COM
pany, and 20 lend money to. guarantee the
contracts OF OF otherwise assist any such per-
son, hrm or company and TO take or other.
wise acquire shares, bonds and securities of
any such company, and to sell, pledge hold
issue or reissue with or without guarantee or
otherwise, deal with or dispose OF the same.
TO raise or assist in raising money for and
to ard by way Of bonus, loan, promise, en-
dorSement, guarantee or otherwise the per
Torrance OF contracts or for any transaction
hRma
derived by the company for its corporate Dur.
poses, and 10 do any act or thing not prohib-
lted by law, for the protection, preservation.
Improvement OF enhancement of The value OF
the property, shares, interest and obligations
OF the company, or in which the company NAV
be interested or from which il NAV derive any
oeneht OF advantage; to accept in payment Of
any debt or debts due or owing 10 The con, |
pany, the stock, shares bonds debentures of |
any other company or companies and 10 use
any OF the shares, bonds, debeutures or Other
securities or the funds of the company TO pur. |
chase OF otherwise acquire and IN tale boIJ |
assign, transfer or sell the shares hnnds
debentureS or other securities of or in any
company or corporation authorized to carry
on or engage IN carrying on the business
Nhich thiS company is authorized 70 carry a.,
and TO guarantee the payment of the nripc;.
pal and interest of the bonds, debenttires or
dividends upon the shares of such commend |
pI corporation, and while holding such shares. |
DondS, debentureS or other securities of am
pther company or corporation TO exercise All
The, rights and powers of ownership tbersof
including the right TO vote thereon through
'uSh agent or agents as the directors may an. |
1oint' and TO distribute such shares, bonds
iebentureS or other securities or any assets
y such other company in specie upon a div !
ion OF prohts or distribution of capital among
ne shareholders in any manner not prohib
ieu oy law; TO remunerate in fully paid up
mares OF the company any person, firm or corr |
any Tor labor done or for services rendered
Z to be rendered, in placing. or assisting 10
lace or guaranteeing the placing OF any of
ne bonds or shares of the company's bonds
Z capital, debentures or other securities ~
OF the company, or in or about the
Dtaining OF loans on the companys bonds or
iher obligations by way of pledge or other.
use, or for guaranteeing the payment Of any
ldebtedness of the company, directly or in.
rectly. or for endorsing the company's note
notes for obtaining property for the com
my Tor the conduct of its business or opera
1ns, IN any way.
IL snail have power to elect officers and d. {
etors, to name and appoint its managers. '
ents or other employees, and to FIX their