The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-15

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, notary public, duly
| commissioned and qualified in and for
| the Parish of Orleans, State aforesaid,
| therein residing, and in the presence of
| the witnesses hereinafter named and I'M
dersigned, personally came and appeared,
the parties whose names are hereunto sub
scribed, all OF the full age of majority.
VINO, declared that, ayailing them selves OF
! the constitution and laws of the State OF
Louisiana relative to the organization and
formation of corporations, and more par
ticularly Act No. 267 of the acts of the
legislature of the State OF Louisiana for
1914, they have covenanted and agreed,
and by these presents do covenant, agree
and bind themselves and those who may
hereafter become associated with them,
ana their successors to form themselves
into corporation for the objects and
purposes and under articles of incorpora-
ton following:
ARTICLE 1.-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
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
poration shall be in the City of New Or
leans, State OF Louisiana. All citation
ana other legal process shall be served
upOn lue pEeSlueUI OIL SdlQ
Or in case of his absence or inability to act
or In case of vacancy in the Office, upon
the ylce-president, and in case of absence
or inability or resignation of both the
president and vice president, upon the
secretary. The president shall be the ex-
ecutive 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,
~ ra of ha m al In hn
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 in
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 -negoti-
a aoie' 10 advance money on property.
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
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, mortgagees 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
may have as to the property, right or in
terest sold or against the cestui que trust,
piedgor, 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
or the capital stock of, or any bonds, Sc.
curltles or evidences of Indebtedness Great
ed Dy any other corporation or corpora
tlons, association or associations, company
or companies, person or persons of this
OF any other state territory or country,
ana Whlle 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
rlghts' powers, privileges are not limited
or restricted by the laws of the state. |
territory or country having Jurisdiction
tnereof; to use and apply this corporations
81 r th earnings and accumulated profits
TO the purchase or acquisition of shares of
us own capital stock from time to time
10 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,