The Caucasian. (Shreveport, La.) 1900-192?, 1913-09-02
CHARTER
OF the Bankers Loan Company

Stat. Of Louisiana, Parish Of Cad
do Be it known that on this thu
10th DAY of the month OF August
one thousand nine hundred anI
thirteen, before me, Edward Bar
nett, notary public III and Tor the
Parish and State aforesaid, q ulN
commissioned and qualified, person
|Hliy came and appeared The ScNerai
persons whose names are herctunto
subscribed all OF whom are resi-
dents of the Parish and State afOre-
SAID, who declared to me, notary, III
tia presence Of the two competent
Witnesses whose names are hereuutO
subscribed as such, that, desiring to
avail themselves of the laws Of the
State of Louisiana relative to the
formation Of corporations. they do
hereby form themselves into such a
corporation and body polite under
The name and style and for the pur-
poses hereinafter specially set forth.
ARTICLE l.
The name Of this corporation and
association shall be The Bankers
loan Company, and its domlclle IS
hereby established in the City Of
Shrc\ eport, Caddo Parish, Louis
lana: and under its corporate name
said corporation shall have the
power to contract, sue and be sued;
to make and use a corporate seal
and the same to break and alter a,
pleasures; to hold, receive, have.
purchase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and
hypOthecatc. under its corporate
name, property, real, personal and
mixed; to name and appoint such
officers, directors, agents and man
ayers or employees as the lnteres;
and convenience Of the corporation
may require: to make and establish
bylaws, rules and regulations for
he proper management and 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 acts and
things permitted by law, or as shall
be necessary and proper to carry
out t4le objects and purposes Of tins
corporation. Said corporation, I'M
less sooner dissolved in accordance
with IFS charter, shall exist and
continue for a period of ninety-nlne
years.
ARTICLE II.
The objects and purposes for
which this corporation IS organized
and the nature of the business to be
carried on by ii are hereby declared
to Dc the following, to-WlL: 10 buy
and sell real estate and personal
property, to become fiscal agents, to
borrow and loan money on real
estate and personal property and all
kinds of security as may be deemed
sufficient by the board Of directors;
build and construct houses and
other structures, and to sell the
same on weekly, monthly, annual Oh
such other terms as the board OF
directors may deem proper.
ARTICLE III.
The capital stock of this corpora
lion shall be divided into ten tllous-
and shares Of the par value OF ten
dollars each, and shall be entitled to
a cumulative dividend at the rate OF
seven per cent per annum OF the
par value of said stock, the same TO
be paid at any time the directors
may elect, but not later than Janu-
AIRY / of each year, beginning Janu-
ny |, 1915, and each year thereafter,
out Of the net earnings OF the com
pany. All earnings over and above
seven per cent may, at the option OF
he board of directors, be passed to
The surplus account of the corpora
,ion, or distributed to the stockhold-
ers. as the board may see fit. The
capital stock Of this corporation
shall be paid in cash, or the same
may be issued at not less than par,
IN payment or exchange for prop
erty or rights actually received OF
purchased by the said corporation:
Or the same may be issued, full
paid, for money advanced, and for
such other valuable considerations
Or services as the board of directors
Of said corporation may determine,
provided that no stock shall be is
sued until the consideration there
for shall have been received by the
said corporation. This corporation
shall commence doing business as
soon as three thousand dollars of its
capital stock shall have been sub
scribed.
ARTICLE ".
The corporate powers OF tins cor
pOratiOn shall be vested in and eX-
ArciraI h1- q hoard of SaNan dlrpr-