The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-03
CHARTER
OF THE MILAN STREET LOAN
COMPANY


laws of the State of Louisiana relative
to the formation of corporations, and
especially Act No, % of the General AS
senlhly of the State of Louisiana for the
year 1904, they have formed them
selves, their associates and successors,
into a corporation for the objects and
purposes, and under agreements and
stipulations hereinafter set forth, which
they adopt as their charter.
ARTICLE l.
The name of this corporation shall be
THE MILAN STREET LOAN COM
PANY, with its domicile in the City of
Shreveport, in said Parish and State,
and under said corporate name it shall
have and enjoy succession for a period
of thirty years unless sooner dissolved
as hereinafter specified. All legal pro-
cess shalI be served on the president, or
in his absence at the office of the com
pany according to law.
ARTICLE IL.
The object and purposes of this cor
poration Is declared to be: To conduct
and carry on a general mercantile bus
mess: to buy and sell jewelry of all
kinds. music and musical instruments,
and to conduct IN connection herewith
general loan business to make loans
of money on, and receive and hold IN
pledge iewery and other articles OF
value to do any and all things incident
to carrying out the business herein pro-
vided for
ARTICLE III.
The corporation shall have power to
contract. sue and to be sued to make
and use a corporate seal and the same
TO alter at pleasure; to hold, receive,
purchase. improve, ALLEVIATE, convey, sell,
borrow. pledge, mortgage and hypothe-
cate under the corporate name all kinds
of property, and to make and establish
such rules and regulations for the prop
er management of the affairs as may
be deemed necessary, and the same to
alter or change at pleasure; and TO en-
JOY ali other privileges and immunities
given by the laws of the State of Louis
lana to corporations organized for sim
liar purposes.
ARTICLE ~.
| The capital stock Of this corporation
is hereby fixed at ten thousand dollars
| (S1o,oooool, divided into one hundred
shares of one hundred ($1oooo) dollars
rach, payable at the time of its issuance,
in cash, property or for services per-
formed as the board of directors may
determine. This corporation shall com.
fnence business whenever six thousand
| (S6,ooo.oo) dollars of the capital stock
is subscribed and paid for in full. Nc
stakeholder shall sell or transfer hi,
stock until ten days notice of such in
tention to sell has been given the presi-
dent or the vice president of the com
pany, during which time the remaining
stockholders shall have the first option
to purchase the said stock, and on theii
failure to do so within the ten days
stated, It may be sold to other persons
but all transfers of stock must be made
on the books of the company at its Of
fee
ARTICLE V.
The corporate powers Of this corpora
ton shall be vested in board Of direc-
tors composed of three stockholders
who shall be elected annually on the
first Tuesday in the month of April oi
each year. The first board of directors
is declared to be Robert S. Mandel, Mi
rian Levy and Theodore Mandel, who
shall serve until their successors are
elected. Three members shall constitute
quorum for the transaction of the
business. The officers of this company
shall be a president vice president and
secretary treasurer, and the first of said
officers are declared to be Robert S
Mandef, pnesident; Miriam Levy, vice
\ president; and Theodore Mandel, secre.
tary treasurer; and they shall serve until
their successors are chosen, and the said
officers shall be elected on the first
Tuesday in the month of April. A ma
iority Of stock present shall elect the di-
reetors, and in all elections or proceed
ings Of the stockholders each share Of
stock present or represented by written
proxy shall be entitled to one vote. No
tees of meetings Of stockholders shall
be advertised for thirty days in q
Shreveport newspaper. Failure to hold
an election for directors on the day
named shall not dissolve the corporation
but the incumbent directors shall hold
over until their successors are duly
elected and qualified Any vacancy in
the board of directors shall be filled By
the remaining directors.
ARTICLE VI.
This charter may be amended or this