The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-04
CIIARTET,
CHAR / Elk
OF THE SECURITY LOAN OFFICE

OF THE SECURITY LOAN OFFICE,
July 3lst, 1913.
State Of Louisiana. Parish Of orleans. cit,
| of New Orleans.
Re- il known. that on the thirty-tir-t day
| OF the month Of July, in the year one tHou
sand nine hundred and thirteen, before me,
Bernard Tttche. Notary rum. du,H y'll
imisSioucd and qualified In and t1r the par
ish of Orleans. state Of Louisiana. ana III
the presence Of the witnesses hereinafter
named and undersigned. personally came ana
opprared the persons whose names ar" here
INTO subscribed who Seyeraily declared tHtl
availing themselves Of the laws OF the star"
of Louisiana in such cases made ana pIoNIl
| ed they have agreed and by these presents
agree and bind themselves as well as Such
| other persons as may hereafter become as
| ISOLATED with them, 10 form ana do hereoy
form and constitute themselves "a cotnoI ,
| alton for the purposes and under the stlpu-
! latiOns following, to-wit:
Article THE name Of this corporation
shall be the Security Loan Once, un rue,
ence for ninety nine years. Its domlclle
! shall be In the city OF New Orleans, where
| citation and other legal process shall be
| served on the president and manager or IN
! his absence or disability on the secretary
ATticcl 1.-THE objects and purposes Of
| the corporation are and are hereby declared
| 10 be to lend money on a pawn or pleuIr
| Of merchant Sc, bonds, stocks, or personal
| property of all kinds or on mortgage or ven
| doris lien on real estate or 10 secure Ioais
/
| purchase or discount notes, drafts or &C
counts and generally to conduct and carry
| on a loan and pledge business ana pawn
! brokers' office and business, and TO do ey-
| erything appartenant thereto or proper, ad-
| vantageouS or necessary in connection there.
with. Also, to buy and sell merchandise OF
| every kind and description.
Article III.--The capital stock OF the cor
poration shall be ten thousand (SlO,OOOOO)
| dollars divided into one hundred (lool
! shares of the par value of one hundred
.l,1 4 oh
| for when issued in cash, or other property,
| or for services rendered as determined by
the board of directors.
mediately and shall have all the powers
granted TO such corporations by law, and
more especially the power to contract, sue
| and be sued in Its corporate name: TO hOld,
receive, lease, purchase, sell. convey, mort
| gage, affect and hypOthecate property, both
| real and personal, and to name and appoint
| such officers as Its interests and convenience
Article IV-The corporate powers OF this
! corporation shall be vested in and its bust
ness shall be conducted by board or al
| rectOrs composed Of three stockholders; the
| stockholders shall Immediately confer after
| the signing Of this charter and elect by a
majority vote a board of directors who snail
hold Office until the thirtieth day OF October,
| 1914 or until their successors are duly
| elected and qualified, on the said thiriieth
day OF October, 1914, and annually thereaf-
ter, the board of directors to serve during
| the ensuing wear or until their successors are
>
duly elected and qualified, shall be elected
by majority vote OF the stockholders WIN
the exception Of the election OF the hrst
board of directors which Is TO take place as
herenabove provided, elections are TO be
held after ten days notice in writing shaI
have been sent by mail to each stockholder
In all elections and meetings OF stockhold-
ers each share OF stock shall be entitled TO
one vote by the owner Thereof or his agent
| The board of directors shall elect from
their number a president and manager and
a y-tr All vacancies on the
board of directors of this corporation shall
be filled by the board Of directors.
: Article V-No transfer OF stock by n
/ stakeholder shall be binding on this corpor-
alton unless the same appear on the books
thereof. and unless said stock shall have
been first offered for sale to the board OF
} directors Of this corporation and they shall
have refused within ten days from said ofer
to purchase said stock at its market value.
D Article VI.-This charter may be changed,
I altered or amended or the corporal ton may
be dissolved by vote OF two-thirds of the
stock present or represented at general
meeting of the shareholders called for that
+ purpose after ten days notice Of said meet,
S ing shall have been given in writing mailed
; to each stakeholder at his last known adj
dress.
b charter or when this corporation Is other
i wise sooner dissolved Its affairs shall be
liquidated by two commissioners selected by
/ the stockholders at special meeting called
for that purpose after ten days notice u
r writing mailed to each stakeholder at his
I last known address.
, Article vIII.-No stakeholder shall evel
I be held liable or responsible for the con
: tracts or faults of this corporation in any
i further sum than the unpaid balance due tC
: the corporation on the shares owned by him
nor shall any mere informality In OrganlZa
|. tlon have the effect OF rendering this charter
! null or of exposing a stakeholder to any la
Q billty beyond the amount Of his stock.
In lieu of a formal subscription list thu
n subscribers have written opposite theil
r several names the number Of shares OF stool
o subscribed by them.
: Thus done and passed In my office In tn,
n | city OF New Orleans on the day, month ant
i year first above written In the presence o
Q Wynne G. Rogers and p. r. Ferrera, compe
4 tent witnesses OF lawful age residing in tn
= city of New Orleans who have subscribe,
+ their names hereto, together with appear
d ers and me notary, after due reading OF IN
| whole
= Original signed Sam Rosman, 40 shares
. and other subscribers
v Witnesses Wynne g. Rogers. i. G. Ferrera
r. (Signed BERNARD TITCHE. Not Put
" /, the undersigned recorder Of mortgage
J. in and for the parish of Orleans state o
N and foregoing act Of incorporation Of tn
Ia Securitv Loan Office was this day duly re
n corded In my office In book 10sS folio 70I
X New Orleans. August list, 1913.
"a I, the undersigned notary, hereby certif
n that the foregoing is a true and correct cop
n of the original charter Of the Security Loa
q Office, except names of subscribers an
o. amount of subscriptions, executed before m
IN on the 31st day Of July, 1913, together wit
A. the certificate OF the recorder OF mortgage
le thereto attached, on file and Of record In m
Office
d. hand and seal this seventh day Of Angus
a ~ BERNARD TITCHE, Not Pub
aug Il 81 % sept IL IS