The herald., 1919-03-06

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 J. Guste,
a Notary Public, duly commissioned and
| qualified in and for the Parish of Orleans,
| State OF Louisiana, and in the presence OF
| the witnesses hereinafter named and un-
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 avaling themselves
i 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 4 corporation for the objects and pur-
poses and under the articles and stipula-
tions 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 period of ninety
nine years from. date hereof unless sooner
dissolved by liquidation otherwise. 1t
shall have power to contract, to 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 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 If desired, to secure the same by
mortgage and otherwise; to buy and hold
stock IN other companies incident to the
objects and purposes the expansion of the
business interest of the corporations 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 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 necessary and proper for the
interest Of the business of CHE corporation.
ARTICLE 1.-THE domiciIe of this cor
poraIon 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
Treasurer.
ARTICLE III.-The objects and purposes
| for which this corporation is established and
the nature of the business to be carried on
l'by it declared to be as follows: To
E 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, enjoy
and improve, and generally to deal in real
, estate and lands of every character and de-
i 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 (s6,OO0.0O) Dollars. and shall
be divided into and represented by sixty
IL H. = r Afn M
The said stock shall be paid for in cash
4 or its equivalent, provided by law and
IN such manner and at such times and ir
E such instaiiments as may be prescribed by
me board OF Directors. This corporation
shall become going concern and shall be
authorized TO commence business wher
three thousand (30oo.0o) dollars has in fact
| been subscribed and paid for in cash or its
equivalent provided by law
Il ARTICLE V.-The capital stock Of thi,
corporation may be increased to the sun. o.
Fifty Thousand (S50,000O0 Dollars by two
third vote of all the stock at a special
meeting called for that purpose or at Z
regular annual meeting of the corporation
ARTICLE VI.-All certificates of stocl
| issued by the Company shall be signed BY
the President and countersigned by the Vice
President. or il authorized by resolution Of
the Board of Directors shall be signed by
the President and countersigned by tn.
Secretary-Treasurer. The stock of this cor
poration can be transferred only on the
DOCKS OF the corporation and subject TO sucf
regulations and formalities 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 If
writing TO the other stockholders through the
Board Of Directors at a price not exceedins
| the book value thereof, and the stockholder:
shall have an option and first right to pur
chase all the shares of stock to be thus dis
posed of by sale or by the DEATH resigna
40 aN ha~ - - H. -t-yr
ers of the corporation. and shall have !
period OF ten days in which to accept o.