The Caucasian. (Shreveport, La.) 1900-192?, 1913-08-28
CHARTER
OF the Bankers Loan Company

State OF Louisiana, Parish Of Cad
DO: Be it known that Oh this the
18Th day OF the month Of August
one thousand nine hundred and
thirteen, before me, Edward Bar
nett, a notary public i'll and for tile
Parish and State aforesaid, d uly
commissioned and qualified, person
ally came and appeared the several
persons whose names are herrtunlO
subscribed, all Of whom are resi-
dents Of the Parish and State aforc-
said, who declared to me, nO,ary, III
the presence Of the two competent.
witnesses whose names are hcrcun(u
subscribed as such, that, desiring to
avail themselves OF the laws 81 the
State Of Louisiana relative 10 the
formation of corporations, they do
hereby form themselves into such 4
corporation and body polite under
the name and style and for he p,lr-
poses hereinafter specially SET forth.
ARTICLE |.
The name of this corporation and
association Shall be The Bankers
Loan Company, and its dOnlclle IS
hereby established in the City Of
Shreveport, Caddo Parish, Louis
lana; and under its corporate name
said corporation shall have the
power to contract sue and DC sued !,
to make and use corporate seal
and the same to break and alter al
pleasure; to hold receive, have,
purchase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and
hypothecatc, under its corporate
name, property, real, personal ana
mixed; TO name and appoint such
officers, directors, agents and man
ayers or employees as tile Interest
and convenience of the corporation
may require; to make and establish
bylaws, rules and regulations iOr
the proper management ana reSula-
ton Of its affairs, as may be deemed
necessary and proper, and the same
to change and alter at pleasure"
and shall do all other acls ana
things permitted by law, Or As snail
be necessary and proper TO carry
out the objects and purposes OF Tins
corporation. Said corporation, IN
| II II
with its charter, shall exist and
continue for a period Of nlnrty-nlnc
years. .0
ARTICLE II.
The objects and purposes 1Ol
which this corporation is organized
and the nature Of the business to be
| carried on by it are hereby declared
| To Be the following, tO-Wll: 10 buy
and sell real estate and persona
property, to become fiscal agents, tt
| borrow and loan money on fea
| estate and personal property and al
kinds of security as may be deemed
sufficient byDthe board Of directors
build and construct houses anf
other structures, and to sell tl't
same on weekly, monthly, annual q
such other terms as the board Q
directors may deem proper.
ARTICLE I'll.
The capital stock Of this corpora
lion shall be divided into ten thous-
and shares Of the par value OF TEL
dollars each, and shall be entitled t'
cumulative dividend at the rate o
seven per cent per annllm OF IT,
nar value Of said stock, the same U
be paid at any time the director
NAV elect, but not later than Janu
! arv 1 Of each year, beginning Janu
arv 1 1915, and each year thereafter
out of the net earnings OF the com
panv. All earnings over and aboN
seven per cent may, at the option 0
the board of directors, be passed !
the surplus account Of the corpora
ton. or distributed to the stockhold
ers. as the board may see tit. IN
canital stock Of this corporate
. shall be paid in cash, or the sam
may be issued at not less than pa
lin payment or exchange tor prop
erty or rights actually received {
purchased by the said corporation
or the same may be issued, ~
paid, for money advanced, and L
such other valuable consideration
or services as the board Of director
Of said corporation may deternln
nroyided that no stock shall be l:
! sued until the consideration there
, for shall have been received by tf
said corporation This corporate
shall commence doing business
soon as three thousand dollars OF !
caDital stock shall have been SUI
scribed.
ARTICLE ~.
: The corporate powers OF TINS co
Doration shall be vested III and g.