The herald. [volume] (New Orleans, La.) 1905-1953, 1921-10-06
CHARTER OF THE LIVINGSTON IL
NANCE CORPORATIONS, INC.

United States Of America, State Of Louis
! lana. Parish uf orleans. City of New Or
! leans. be it known that on the 23rd day
| Of the month ~ August, III before me.
| Dams" W-ndliug. i HOtdr! public. duly
| commissioned and qualified in and for
! The Parish Of Orleans state aforesaid
! therein residing, aud in the presence Of
| the witnesses hereinafter named and uu-
rr>i-Hed. personally came anu appeared.
! The parties whose names are htreuntO sub
>'rIOrd. all Of the full age OF majority
"hD. declared that, avai.ing them selves 81
! "a" constitution and laws Of the state Of
Louisiana relative to the organization ana
formation Of corporations, and more par
tiru.aTly Act No. 2O1 Of the acts Of the
legislature Of the state OF Louisiana TOR
iJl4. they have coyenanted and agreed.
and by these presents do covenant. agree
AMI bind themselves and those who may
hereafter become associated with them,
AMI their successors TO form them selves
into corporation for the objects and
purposes and under articles Of incOrpora-
ton following:
+ ARTICLE The name aud title Of this
corporation shall be and il the Livingston
Finance Corporation. Inc, and under it,
and authority 10 have and enjoy corpOr1t,
existence for period Of ninety nine years
| from the date hereof
| ARTICLE 1.-THE dOmicile Of this cor
poration shall be in the City Of New or
| leans. State Of Louisiana. All citation
aud other legal process shall be served
upon the president Of said corporation
Or, in case Of his absence or inability to act
! the yice-president, and in case of absence
| or inability OF resignation of both the
| president and vice-president. upon the
| secretary. The president shall be the eN %
ecutiye officer of the corporation; he shall.
preside at all meetings Of the board OF
| directors and stockholders
ARTICLE III-The objects and purposes
| for which this corporation is established.
| and the nature of the business to be car
| ried on by 1t, are hereby declared to be,
| Is follows, tO-wit:
To develop improved and unimproved
property for its own account aud for the
| account Of others; to engage in the bust
! ness OF lending money, and to conduct a
/ general loan business; to advance and lend
money or give credit to such persons and
on such terms as may be eXpedieut, and in
particular to customers and others having
| dealings with the company, and to give
guarantee and become security for any
| such persons. To borrow money; to make
/ and issue bonds or obligations of this
| corporation from time to time for any of
the objects or purposes of the corporation
| and TO secure the same by mortgage
| pledge. deed OF trust or otherwise. To
I draw, make, accept, endorse, assign, dis
count, execute and issue promiSsOry notes
| bills Of exchange, warrants and other in
| Struments either negotiable or nOn-negoti-
! able. To advance money ON property,
real or personal, movable or immovable
other security therefor; tc issue all kind ;
| Of certificates of indebtedness, the same
as natural persons; to give peCuniary aid
| to any person. firm or corporation that
the corporation shall deem in need thereof
| by loans of money at interest upon the
pledge, mortgage or hypOthCcation of real
or personal, movable or immOvable prop
erty, or upon any other security which the
corporation may deem sufficient; to buy
assets of all kinds at judicial, fiduciary.
trustee 5, mortgages and other liquidat-
ing or private sales, and to convert the as
sets so bought into money, and thereby re
allZe thereon, in so far as such may be
equitable or legal that the corporation
may have as to the property, right or in
tereSt sold or against the cestui que trust
pledgor mortgagOr or other party. for
whose interest or account the property,
right or interest may be sold. To pur-
chase, hold, assign, transfer, mortgage.
pledge or otherwise dispose of the shares
of the capital stock of, or any bonds. Sc
curltles or evidences of indebtedness Great
ed by any other corporation or CORPORA
lions, association or associations, company
or companies, person or persons of this
or any other state, territory or country,
ana while owner of such stock, to exercise
all the rights, powers, and privileges of
ownership, including the right to vote there
on conformably to and in so far as such
rights, powers, privileges are not limited
or restricted by the laws of the state,
territory or country having Jurisdiction
thereof; to use and apply this corporations
surplus earnings and accumulated profits
10 the purchase or acquisition of shares of
ITS own capital stock from time to time
TO such extent and in such manner and
upon such terms as the board of directors
may determine. To acquire by purchase.
grant, or otherwise acquire, own, hold,