The herald., 1913-09-11
CHARTER
OF THE SECURITY LOAN OFFICE
ImIr H1s 1n1n

July 3lst, 1913.
State Of Louisiana. Parish of Orleans. cit,
| Of New Orleans.
| OF the month OF July, in the year one thou
| sand nine hundred and thirteen, before me
Bernard Titche. a Notary Public duly com
ImiSsiOned and qualified in and for the par
| iSh of Orleans, state of Louisiana, and IN
| the presence Of the witnesses hereinafter
! named and undersigned. personally came and
| appeared the persons whose names are her.
unto subscribed. who severally declared that
| aVailing themselves or the laws OF the state
| Of Louisiana In such cases made and prOYld.
/ ed they have agreed and by these presents
/ agree and bind themselves as well as such
other persons as NAV hereafter become as
ISOLATED with them, TO form and do hereby
! form and constitute themselves a corpOr-
alton for the purposes and under the stpu-
| latiOns following to-wit:
Article THE name of this COrpOratiO
shall be the Security Loan Office, under
which name 1t shall enjoy corporate exist
ence for min LYNNE years. Its dOmtcile
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
treasurer.
Articpl 1.-THE objects and purposes OF
the corporation are and are hereby declared
to be 10 lend money on a pawn OF pledge
OF merchandise. bonds, stocks, or personal
property of all kinds or on mortgage or ven
doris lien on real estate or TO secure loans
by sales with the right OF redemption; TO
purchase or discount notes, drafts or ac
counts and generally to conduct and carry
on loan and pledge business and pawn
brokers' office and business, and TO do ev-
erything appurtenant 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 |
pOratiUn shall be ten thousand iSlO,OOnOOD /
dollars divided into one hundred loOl
shares of the par value of one hundred |
dollars ($1O0.0O) each. which shall be paid |
for when issued I'm cash, or other property, |
or for services rendered as determined by |
the board Of directors.
This corporation shall begin business i'm.
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; 10 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 Of di |
rectors composed Of three stockholders; the |
shall Immediately confer after |
the signing Of this charter and elect by !
ma jority vote board OF directors who shall |
hold Office until the thirtieth day OF October, |
1914, or until their successors are duly |
elected and qualified, cn the said thirtieth |
day of October, 1914, and annually thereaf- |
ter, the board of directors to serve during
duly elected and qualified shall be elected
by a majority vote of the stockholders. With |
the exception OF the election OF the first
board Of directors which is to take place as
hereinabOve provided, elections are TO be
held after ten days notice in writing shall |
have been sent by mail to each stakeholder. |
In all elections and meetings of stockhOld- |
erS each share OF stock shall be entitled 10 !
one vote by the owner Thereof or his agent. !
The board of directors shall elect from |
their number n president and manager and
a secretary-treasurer: 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 !
stakeholder shall be binding on this corpOr |
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 offer |
to purchase said stock at its market value. !
Article VI.-This charter may be changed, |
altered or amended or the corporation may /
be dissolved by a vote OF two-thirds of the |
stock present or represented at a general |
meeting of the shareholders called for that |
purpose after ten days notice OF said meet |
ing shall have been given In writing mailed |
to each stakeholder at his last known ad- |
dress.
Article VIT-At the expiration OF this |
charter or when this corporation Is other |
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 In /
writing mailed TO each stakeholder at his |
last known address.
Article VIII.-No stakeholder shall ever |
be held liable or responsible for the con |
tracts or faults OF this corporation in any
further sum than the unpaid balance due to |
the corporation on the shares owned by him I;
nor shall any mere informality in organlZa- |
ton have the effect OF rendering this charter /
null or of exposing stakeholder to any liza |
billty beyond the amount OF his stock.
In lieu Of a formal subscription list the
4lrEHrtDprS have 0nDO-itp
several names the number OF shares OF stock |
subscribed by them.
Thus done and passed In my Office in the
city Of New Orleans on the day, month and
year first above written In the presence Of |
Wynne G.. Rogers and p. r. Ferrera, cOmpe- /
tent witnesses of lawful age residing in the |
city OF New Orleans who have subscribed /
their names hereto, together with appear
whole.
Original signed: Sam Rosnan, 40 shares
and other subscribers.
witnesses; wynne G; Rogers, p; G; Ferrera
(Signed) BERNARD TITCHE, Not. Pub. /
/, the undersigned recorder Of mortgages |
in and for the parish of Orleans, state OF |
Louisiana, do hereby certify that the above
and foregoing act Of Incorporation OF the
corded In my once In book 1OSS, folio 707
New Orleans. August LIST, 1913
(SignedD EMILE J. LEONARD. D. r.
i, the undersigned notary, hereby certify |
Of the original charter Of the Security Loan |
Office, except names of subscribers and
amount OF subscriptions, executed before me
on the 31st day Of July, 1913, together with |
thereto attached. on file and Of record in my
ONCE.
In faith whereof have hereunto set nv
hand and seal this seventh day Of August, |
BERNARD TITCHE, Not. Pub.
aug IA 81 % sept IL IS