The herald., 1919-03-13

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
a Notary Public, duly commi STONED and
qualified in and for the Parish of Orleans
State OF Louisiana. and in the presence of
the witnesses hereinafter named and I'M
dersigned, personally came and appeared the
several persons whose names 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
| ganlzatlon 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 corporation for the objects and pur-
poses and under the articles and stipula-
| tons following, which they hereby adopt as
| their charter, to-wit:
| 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 a period of ninety
| nine years from. date hereof unless sooner
| dissolved bye liquidation otherwise 1t
snail nave power to contract, to sue and be
| sued, to make and use 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 apd mixed, corporeal and
| incorporate; to borrow money and make and
| issue bonds and other evidences of indebted.
| ness. and il desired, to secure the same by
| mortgage and otherwise; to buy and hold
| stock in other companies incident TO the
| OBJECTS and purposes or the expansion sof the
| business interest of the corporation; to
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 well 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 1.-THE domicile of this cor.
poration shall be in the City of New Orleans
| in the State of Louisiana and all citation
| and other legal process shall be served upon
the President of the Corporation and in the
event of his absence upon the Secretary
| ARTICLE 1II.-The objects and purposes
| TOR which this corporation is established and
the nature of tho business to be carried on
by it are declared to be as follows: To
acquire by purchase or otherwise to build;
| erect, establish or construct upon; to cult.
vate and develop, to lease, rent, mortgage
| pledge, sell and ALLEVIATE. to utilize enioy
and improve, and generally to<deal in real
| estate ana landS or every character and de-
| scription together with all rights, ways privi-
leges and Improvements thereon. situated OF
| thereunto appertainng 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 1V.-The capital stock of thi:
corporation is hereby fixed at the sum Of
Six Thousand (s6,Oo0.oO Dollars. and shall
10 Nvfd cd VnN.
(6O shares of the par value of $4,000 each
| The said stock shall be paid for in cash
or Its equivalent, as provided by Jaw anc
in such manner and at such times and ir
the Board of Directors. This corporation
shall become going concern and shall b,
| authorized to commence business wher
three thousand tS3,0OOOO) dollars has in fac
been subscribed and paid for in cash or it.
equivalent as provided by law
ARTICLE V.-The capital stock of thi,
corporation may be increased to the sum o.
Fifty Thousand (sS0,OO000) Dollars by two
third vote of all the stock at specia
meeting called for that purpose 'or at
| regular annual meeting of the corporation
| ARTICLE V1-All certificates of stool
issued by the Company shall be signed BY
the President and countersfgned by the Vice
| PRESIDENT, or n-authorized by resolution Of
| the President and countersigned by the
Secretary Treasurer. The stock of this cor
poration can be transferred only on the
books OF the corporation and subject to such
regulations and fornalities as may be BY
the Board of Directors from time to time
prescribed No stakeholder shall be per.
mitted to sell or otherwise dispose of hi:
| stock without first offering the same in
writing to the other stockholders through the
Board of Directors at a price not exceeding
| the book value thereof, and the stockholders
shall have an option and first right 10 pur.
| chase all the shares of stock to be thus dis.
posed of by sale or by the death. resigna,
ton or otherwise of any of the stockhold-
ers of the corporation. and shall have a
| period of ten days in which to accept or