The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-22

United States of America, State of Louis
! lana, Parish of Orleans, City of New Or
leans, be 1t known that on the 23rd da!
OF the month of August, 1921. before me
Daniel Vending, u notary public. dull
commissioned and qualified in and 70
the Parish of Orleans, State aforesaid
therein residing, and in the presence o
the witnesses hereinafter named and un
derslgned, personally came and appeared
the parties whose names are hereunto sub
scribed, all of the full age of majority
VINO. declared that, availing themselves o.
the constitution and laws of the State o
Louisiana relative TO the organization anC
formation OF corporations, and more par
tlcuIarly Act No. 267 of the acts of tn,
legislature of the State or Louisiana foI
1914, they have c0venanted and agreed
and by these presents do covenant. agre,
ana bind themselves and those who may
hereafter become associated with them
ana their successors to form themselves
into corporation for the objects anu
purposes and under articles of incorpora.
ton following:
ARTICLE The name and title of this
corporation shall be and is the Livingston
Finance Corporation, Inc, and under its
said corporate name it shall have power
ana authority to have and enjoy corporate
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
ana other legal process shall be served
upon the president of said corporation
or, IN case OF his absence or inability to act
or IN case OF vacancy in the office. upon
the yice-president, and in case of absence
or inability or resignation Of both thu
president and vice president, upon the
secretary. The. president shall be the ex-
tcutive officer OF the corporation he shall
preside at all meetings of the board OF
directors and stockholders.
ARTICLE uI-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.
as follows, tO-wit:
To develop improved and unimproved
property for its own account and 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 expedient. and i'm
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
draw, make. accept, endorse, assign, dis
count, execute and issue promissory notes,
bills Of exchange, warrants and other in
struments either negotiable or on-negoti-
aDie 10 advance money on property,
and to take mortgages, pledges or any
other security therefor; to issue all kinds
OF certlncates Of Indebtedness, the same
as natural persons; to give pecuniary aid
10 any person, firm or corporation that
the corporation shall deem in need thereof
by loans OF money at interest upon the
pledge, mortgage or hypothecation 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
trustees, mortgages and other liquidat-
ing or private sales, and to convert the as
sets SO bought into money, and thereby re-
alize thereon, in so far as such may be
necessary to protect any interest right
equitable or legal, that the corporation
may have as to the property, right or in
terest sold or against the cestui que trust,
pr 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
curitles or evidences OF Indebtedness Great
ca py 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
al the rights, powers, and privileges of
ownership, including the right to vote there
on, conformably to and in so far as such
rlghts' 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
20 the purchase or acquisition of shares of
lts own capital stock from time to time
TO sucn extent and in such manner and
may determine. To acquire by purehasa
grant, or otherwise acquire own hoId