The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-31
CHARTER
OF THE COMMERCIAL, LAW AND AID
JUSTMENT AGENCY, INC.

OF THE COMMERCIAL, LAW AND AID
JUSTMENT AGENCY, INC.
UNITED STATES OF. AMERICA, STATE
OF LOUISIANA, PARISH
OF ORLEANS.
BE 1T KNOWN, that on the twenty-eighth
day of the month of July, in the year OF
our Lord one thousand nine hundred and
eleven and of the Independence of the
United States of America the one hundred
and thirty-sixth, before me, Sidney Francis
Gautier, a notary public, duly commissioned
and qualified, in and for the Parish OF Or
leans, State of Louisiana aforesaid, therein
residing, and in the presence OF the wit
nesSeS hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto subScrlb-
ed. and who are all of full age of majority
and residents Of this city and the said ap-
bearers declared that, availing themselves
of the laws of this State relative to the or
ganizatiOn of commercial corporations they
do by these presents, contract, covenant,
agree and bind themselves, as well as such
other persons as may hereafter become asso-
ciated with them, 10 form and constitute
a corporation for the objects and purposes
and under the articles and stipulatiOns fol
lowing, TO wit:
The name and title Of this corporation
shall be the COMMERCIAL LAW AND ADJUST
IENT AGENCY, Incorporated In its said
name and corporate capacity 1t shall have
and enjoy succession for the term of ninety
nine years from the date hereof, and shall
have the power and authority to contract,
sue and be sued, to make and use a SEAL
and the same TO break and alter at pleasure ;
TO receive, purchase, hold, lease, sell, eX-
change, donate, mortgage, pledge property,
both real and personal; to issue CONNER
cial reports and commercial ratings, TO issue
bonds, notes and other certificates or evil
dence of Indebtedness; to name and appoint
such managers, agents, directors and officers
as its business or interest and convenience
may require; and to make and establish as
| n oil npA fraVfa fpaA IN
| time, such bylaws, rules and regulations
| for the proper conduct, management and
| regulation Of the affairs Of said corporation
| as may be necessary and proper
| ARTICLE III.
This corporation shall be dOmiclled in the
| City of New Orleans, and all citations or
other legal process shall be served upon
| the president. or in his absence upon the
secretary, and in the absence of both, then
| in the manner directed by law.
ARTICLE III.
| The objects and purposes for which this
| corporation Is organized, and the nature OF
| the business to be carried on by ii, Is 10
do a general collection business, TO deal in
commercial paper, to issue commercial re-
| ports and commercial ratings, for profit, TO
buy, sell and otherwise deal in all descrip-
! tiOn of bonds, notes or any other certificates
| or evidence of Indebtedness, as well as to
buy, sell, mortgage, pledge and otherwise
| deal in both real and personal property.
ARTICLE ".
The total authorized capital stock of this
| corporation is Ten Thousand (S1O,OOO) Dol
| lars divided into Four Hundred Shares of
twenty-five Dollars each. Subscription to
| stock of this corporation shall be paid In
cash, or its equivalent in property, merchan'
disc, labor or value, at such times and In
such amounts and with such notices to the
subscribers as the directors of the corpora
ton shall deem for the best interest of al
parties concerned. No stock certificates
4 shall issue to any person until the payment
in full Of the shares subscribed.
ARTICLE V.
| All the powers of this corporation shall
be vested in and be exercised by Boarc
of Directors, to be composed OF not more
than seven nor less than three stockholders
n who shall be elected by ballot, at a stock
holders meeting to be held for that purpose
on the First Tuesday of Che month Of Au
gust of each year, at the domicile of tn,
corporation. From and after the first Tues
day of August, 1911, all elections of direct
ors as well as of all meetings of stockhold
ers, except for the purpose of liquidating o.
dissolution, or as otherwise required by law
ten days notice sent by mail to his las
designated address shall be given to eacl
e person who appears as a stockholder Oh
4 the books of the corporation.
/ Each stakeholder shall be entitled to on
vote for each share OF stock standing L
his name on the books of the corporation
: to be cast in person or by proxy, and tn tn
5 majority of the votes cast shall elect. Tn
/ Board Of Directors shall have the power I
r I'LL all vacancies that may occur on tn
e board
e above specified shall not dissolve the col
@ poration, but the directors then In offiC
t shall remain in office until their successor
e are elected. Due notice Of another electio
II shall be given as above provided, and sue
notices of election shall continue to be give
n until the election is held.
d A majority of the directors shall const
5 tute a quorum for the transaction of an
l. business At its first meeting followin
Is each annual election, the Board of Dire
IS tors shall elect a President, Vice Presiden
e, a Secretary-Treasurer, and such other o
fcers as 1t shall deem necessary.
The Board Of Directors shall have powe
in it's discretion, to unite two or more o
fees, and to confer the same upon one pc
son.
The Board of Directors may make an
establish, as well as alter and amend, an
5, and all bylaws, rules and regulations nece
If sary and proper for the support and ma
-e agement of the business and affairs OF Il
lie corporation, not inconsistent with its cha
Y. ter.
d The Board Of Directors shall also ha,
full power and authority to borrow mons
l. through the resident or some other du
authorized agent or agents; to eIecu
10 mortgages, Issue notes, bonds or other OBJ
IgI cations; issue commercial reports and col
n mercial ratings and, generally, to do thin
2 reasonable and necessary for the prop
ID carrying on Of the business Of the corpor
ton, and also 10 issue and deliver fullpa
~ shares of stock, or bonds, or obligations
il, said corporation in payment OF labor,
money borrowed, or property, or rights &C
ually received by the corporation.
Any member Of the Board Of Directo
who may be absent from the domicile
the corporation, or who may be prevents
by sickness from attending, may give a wr
= ten proxy to any other member of sa
Board of Directors to represent him In 9
matters at any meeting Of the Board
Directors, whether general or special.
ARTICLE vi.
Whenever this corporation may be d.
solved, either by limitation or by any 9th
cause whatever, its affairs shall be liquida
ed by three commissioners, TO be appoint
at a general meeting of the stockholde
D for the purpose Of liquidating, as hereinaft
provided, each share being entitled to o.
vote in person or by proxy.
Said commissioners shall remain in
fee until the affairs OF said corporate
shall have been fully settled and liquidate
of and shall have full authority and pow
O. to transfer and give title to all the asse
So and property Of the corporation.
To- In case Of the death, disability or resi-
n nation Of one or more Of said commissio
ne ers, the vacancy shall be filled by electi
IT. by the surviving commissioners or comm
a sioner.
e: The stockholders are especially empo
nd cred by three-fourths vote Of the emit
IS stock, cast at a meeting called for tn
IN purpose, to sell the entire assets Of Il
he corporation, either for cash or for stoc
a. in some other corporation.
OIL Before aly stOcfhOlder shall diSnnea