The Caucasian. (Shreveport, La.) 1900-192?, 1910-03-29
CHARTER
OF THE MILAN STREET LOAN
COMPANY

BE 1t remembered that on ILilS tl'
23rd day of March in the year 1910, be
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, ayaillng
themselves of the Constitution and the
laws of the State of Louisiana relative
to the formation of corporations, and
especially Act No. 78 of the General As
sembly of the State of Louisiana for the
year 1904, they have formed them
| selves, their associates and successors,
into 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 .de1nicile 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. Ali 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 a general mercantile bus
mess; to buy and sell jewelry of all
kinds, music and musical instruments, |
and to conduct in connection herewith
a 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-
yided for
ARTICLE III.
The corporation shall have power to
contract, sue and to be sued; to n1akeI
and use corporate seal and the same
to alter at pleasure; to hold, receive,
purchase, improve, ALLEVIATE, convey, sell,
borrow, pledge, mortgage and hypothe-I
cate under the corporate name all kinds
of property, and to make and establish
such rules and regulations for the PROP
be deemed necessary, and the same to
alter or change at pleasure; and to en-
Joy all 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
($Ioooooo), divided into one hundred
shares of one hundred ($Ioooo) dollars
each 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
menee business whenever six thousandi
($6.ooo.oo) dollars of the capital stock
is subscribed and paid for in full No
stakeholder shall sell or transfer his
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 optionI
to purchase the said stock, and on their
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 a board of direc-
tors composed of three stockholders,
who shall be elected annually on the
first Tuesday in the month of April of
each year. The first board of directors
is declared to be Robert S. MandeI, 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 companyl
shall be president, vice president and
secretary treasurer, and the first of said
officers are declared to be Robert S.
Mandef president; Miriam Levy, vice
president and Theodore Mande1, 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
jority of stock present shall elect the di-
rectors, 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 al