The Caucasian. (Shreveport, La.) 1900-192?, 1910-04-14
CHARTER
OF THE MILAN STREET LOAN
COMPANY.

23rd day of March IN the year 1910, De
fore me, Frank A. Blanchard, notary
public in and for Caddo Parish, Louis
lana, duly commissioned and sworn, and
in the presence of the witnesses herein
aftern named and undersigned, person
ally came and appeared the persons
whose names are hereunto subscribed,
who severally declared that, awaiting
themselves of the Constitution and the
laws of the State of Louisiana relative
to the formation of corporations, and
especially Act No. % of the General As
sembly 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 period
of thirty years unless sooner dissolved
as hereinafter specified. All legal pro-
cess shall be served on the president, or
in his absence at the office of the COM
pany according to law.
ARTICLE II.
The object and purposes of this cor
poration is declared to be: To conduct
and carry on 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 jewelry 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 te
alter or change at pleasure; and to en-
JOY ali other privileges and irnmunities
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 dollar:
| ($Io,ooooo), divided into one hundred
shares of one hundred ($Ioo.oo) dollars
| each, payable at the time of its issuance
in cash, property or for services per
/ formed as the board of directors ma,
determine. This corporation shall com
mence business whenever six thousant
($6,ooo.oo) dollars of the capital stool
is subscribed and paid for in full. M
| 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 OPTIC
to purchase the said stock, and on thei
failure to do so within the ten day
stated, it may be sold to other person:
but ali transfers of stock must be mad
on the books of the company at its OF
| fee.
ARTICLE V,
The corporate powers of this corpora
u ton shall be vested in a board of diree
tors composed of three stakeholder
who shall be elected annually on tn
first Tuesday in the month of April c
each year. The first board of director
is declared to be Robert S. Mandel, M
rian Levy and Theodore Mandel, VIII
shall serve until their successors al
!, elected Three members shall constitu
quorum for the transaction OF II
business. The officers of this compar
h shall be a president, vice president an
& secretary treasurer, and the first of sa
officers are declared to be Robert
Mandel, president; Miriam Levy, vi
president; and Theodore Mandel, seer
r tary treasurer; and they shall serve uni
their successors are chosen, and the sa
officers shall be elected on the FIJI
Tuesday in the month of April. A m
jority Of stock present shall elect the
rectors, and in all elections or procee
: ilgs of the stockholders each share
stock present or represented by writ
: proxy shall be entitled to one vote. N
3 tees of meetings of stockholders sh
20 be advertised for thirty days in
n Shreveport newspaper. Failure to he
Il an election for directors on the d