The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13

United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans. Be it known, that on this 18th day
OF the month of January, in the year of our
Lord, one thousand nine hundred and nine
teen. and of the independece of the United
States of America, the one hundred and
forty third. Before me, William ]. Guste,
a Notary Public, duly commits sioned and
qualified in and for the Parish of Orleans,
State OF Louisiana, and in the presence of
the witnesses hereinafter named and I'M
dersgned, personally came and appeared the
several persons whose are hereunto
subscribed, all of full age, who severally de-
clared to me, Notary, that availing themselves
OF the laws of this State relative to the or
ganization OF corporations, they have cove
nanted and agreed and by these presents do
covenant and agree and bind themselves
as well as all such other persons as may
hereafter become associated with them to
form a corporation for the objects and pur-
poses an5 under the articles and stipula-
tons following, which they hereby adopt as
their charter, to-wt:
ARTICLE 1.-The name of this corporation
shall be Southern Development Company,
Inc, and under its corporate name, it shall
have power and authority to have and en-
JOY corporate existence for period of ninety
nine years from date hereof unless sooner
dissolved by liquidation or otherwise 1t
shall have power to contract. TO sue and be
sued. to make and use a corporate seal and
to alter and break the same at pleasure: to
purchase, receive, lease, hold, or otherwise
acquire and convey as well as mortgage and
hypothecate under its corporate name, prop
erty, real, personal and mixed, cOrporeal and
incorporeal; to borrow money and make and
issue bonds and other evidences of indebted
ness, and II desired, to secure the same by
mortgage and otherwise TO buy and hold
stock in other companies incident 10 the
objects and purposes or the expansion of the
business interest of the corporation: 70
name, elect and appoint such managers,
agents, directors and officers as the interest
and convenience of said corporation may re-
quire, and to make and establish as we'll as
alter and amend at pleasure such by laws
rules and regulations for its proper govern
ment as may be deemed necessary and prop
er, and generally to do any and all things
incident to or necessary and proper for the
interest OF the business of the corporation
ARTICLE II.-The domicile of this cor
poration shall be in the City of New Orleans,
IN the State Of Louisiana and all citation
the President of the Corporation and in the
event OF his absence upon the Secretary
Treasurer
ARTICLE III.-The objects and purposes
tor which this corporation is established and
the nature of the business to be carried on
by it are declared TO be as follows: To
acquire by purchase or otherwise to build !;
erect, establish construct upon; to Guilt
waite and develop, to lease, rent. mortgage,
pledge, sell and ALLEVIATE. TO utilize enjoy
estate and lands of every character and de.
scription together with all rights, ways. privi-
leges and Improvements thereon. situated or
thereunto appertaining. To conduct and
carry on such other business as may be found
necessary or convenient for properly affec-
tuating the aforesaid privileges or enhanc-
ing the value of the properties, rights and
privileges of said corporation.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
Six Thousand (s6OOO.OO) Dollars. and shall
be divided into and represented by sixty
900 shares of the par value of $1,000 each.
The said stock shall be paid for in cash
or its equivalent, as provided by law and
in such manner and at such times and in
such installments may be prescribed by
| the Board of Directors. This corporation
shall become going concern and shall be
authorized to commence business when
| three thousand (S3,000O0} dollars has in fact
been subscribed and paid for in cash or its
equivalent as provided by law
ARTICLE V.-The capital stock Of this
corporation may be increased to the sum of
Fifty Thousand Cs5O.OOO0O) Dollars by two
third vote of all the stock at a special
| meeting called for that purpose or at a
regular annual meeting of the corporation
ARTICLE VI.-All certificates of stock