The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-08

CHARTER OF THE LIVINGSTON FL
NANCE CORPORATION, INC.

United States of America, State of Louis
lana, Parish of Orleans, City of New Or
leans, be it known that on the 23rd day
OF the month of August, 1921. before me,
Daniel Vending, a notary public, duly
commissioned and qualified i'll and for
the Parish of Orleans. State aforesaid.
therein residing, and in the presence of
The witnesses hereinafter named and IN
derSlgned, personally came and appeare
the parties whose names are hereunto sub
scribed, all of the full age of majority.
VINO, declared that, avalling themselves of
the constitution and laws of the State of
Louisiana relative to the organization and
formation of corporations, and more par
ticularly Act No. 26I of the acts of the
legislature of the State or Louisiana for
lPl4, they have covenanted and agreed,
and by these presents do covenant, agree
ana bind themselves and those who may
hereafter become associated with them,
and their successors TO form themselves
into corporation for the objects and
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 1t shall have power
and authority to have and enjoy corporate
existence for a period of ninety nine years
from the date hereof.
ARTICLE 1.-The domicile of this cor
poratlon shall be In the City of New Or
leans, State Of Louisiana, All citation
and other legal process shall be served
upon the president of said corporation
or III case of his absence or inability TO act
or III case or vacancy in the Office, upon
the vice president. and in case of absence
or inability or resignation of both the
president and yice-president, upon the
secretary. The president shall be the ex-
ecutlNe officer of the corporation; he shall
preside at all meetings of the board OF
directors and stockholders.
ARTICLE III-The objects and purposes
Tor which this corporation is established,
and the nature of the business to be car
ried on by it, are hereby declared to be,
follows, to-wit:
To develop improved and unimproved
property for its own account and for the
account of others, to engage in the bust
hess OF lending money; and to conduct
general loan business; to advance and lend
money or give credit TO such persons and
on such terms as may be eXpedient, 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
ana issue bonds or obligations of this
corporation from time TO time for any of
the objects or purposes of the corporation
ana 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
bllls or exchange, warrants and other in
Struments either negotiable or non negoti-
able. To advance money ON property,
real or personal, movable or immovable
and to take mortgages, pledges or any
other security therefor; TO issue all kinds
OF certificates of Indebtedness, the same
as natural persons; to give pecuniary aid
TO any person, firm or corporation that
I he 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
trustee S, mOrtgagee'S 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
necessary to protect any interest, right.
equitable or legal, that the corporation
Ierest. sold or against the cestui que trust
piedgOr, mortgagor or other party for
whose interest or account the property |
rlght or interest may be sold. To pur-
chase, mold, assign, transfer, mortgage
pledge or otherwise DISPOSE of the shares |
u the capital stock of, or any bonds, Sc
turtles or evidences of Indebtedness Great
ID by any other corporation or corpora |
Mons, association or associations, company |
Or companies, person or persons of this |
'r any other state, territory or country. |
ma while owner of such stock, to exercise |
III the rights, powers, and privileges of |
including the right to vote there
IN. conformably to and in so far as such
lghts, powers, privileges are not limited |
n restricted by the laws of the state,
errltory or country having jurisdiction |
hereof; to use and apply this corporations |
urpius earnings and accumulated profits |
o the purchase or acquisition of shares of |
Us own capital stock from time to time
o such extent and in such manner and |
lpon such terms as the board OF directors
nay determine. To acquire by purchase
grant, or otherwise acquire, own, hold