The herald. [volume] (New Orleans, La.) 1905-1953, 1913-08-14
CHARTER
OF THE SECURITY LOAN OFFICE.
LIMITED


July 3lSt, 1913.
STATE OF Louisiana. Parish Of Orleans. City
of New Orleans.
Be it known. that on the thirtv-frst day
OF the month of July, in the year one thou
sand nine hundred and thirteen before me
Bernard Titche. a Notary Public duly com
IniSSloncd and qualified in and for the par
lSh OF Orleans. state of Louisiana and in
the presence Of the witnesses hereinaf or
named and undersigned. personally came and
appeared the persons whose names are here
unto subscribed who severally declared that
awaiting themselves Of the laws of the state
oi Louisiana in such cases made and prOvid-
ed they have agreed and by these presents
| agree and bind themselves as well as such
OIher persons as may hereafter become as
Soclated with them, 10 form and do hereby
form and constitute themselves a corpor-
atlon Tor tn" purposes and under the stipu-
latiOnS following, tO-wit:
Article 1.-The name of this cOrnora tinn
shall be the Security Loan Office under
which name 1t shall enjoy corporate exist
ence for ninety-nine years. Its domiciIe
S sI. Ne IN me city OF New Orleans. where
CITATION and other legal process shall be
served on the president and manager or in
MS absence or disability on the secretary
treasurer.
Articel 1.-THE objects and purposes OF
the corporation are and are hereby declared
10 be 10 lend money on a pawn or pledge
OF merchandise, bonds, stocks or pcrsOnaI
properly 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
T On loan ana pledge business and pawn
brokers' Office and business. and to do ev-
erythlng appurtenant thereto or proper, ad-
NahtaSeOns or necessary In connection there
win. Also. to buy and sell merchandise of
every KIND and description.
Article IlI.--The capital stock of the cor
PoratlOn shall be ten thousand $50 600 OO |
dollars divided into one hundred IOOI |
Shnrrs or the par value of one hundred |
oil u1af Il.
Tor when issued in cash. or other property
or Tor services rendered as determined by |
the board Of directors.
This corporation shall begin businoss I'm.
mediately and shall have ali the noU,ars
granted TO such corporations bv law ana
more especially the power TO contract snc
anu De sued in its corporate name; TO hold,
receive lease, purchase sell convey mort
gage, AFFECT and hypOthecate proDertv botb
real and personal. and to name and 3nnoint
Such officers as its interests and convenience
may require.
Article IV.-The corporate novarS of ,,,-
corporation shall be vested in and It's bnSi
ness snail be conducted by a hoard of M
Iect3rS composed Of three stockholders thc
stockholders shall Immediately confer oftar
tn" signing Of this charter ana aiact d., -
majority vote board Of directors who shall
loId Office until the thirtieth dav of Octohor
liIIf, or until their successors are duly
,It''eu ana qualihed, on the said thirtiatb
lay or October, 1914, and annually tharaaF
er' The board of directors to serve during
ne ensuing year or until their succeSsors or |
iuIy elected and qualified, shall he elected
y majority vote of the stockholders. with
ne exception of the election of the first
'oard OF directors which IS to take ploce nc
lerelnabove provided elections are 10 he
leld AFTER ten days notice in writing shall
ave been sent by mail to each stockholder
II an elections and meetings of stockhoId
rs each share Of stock shall be entitled 70
me vote by the owner Thereof or his agent
Inc board of directors shall elect from
helr number n president and manager and
seG,retary- treasurer. All vacancies on the
o y ,,r OF directors OF this corporation shall
e nIIed by the board Of directors
Article N.-No transfer of stock hv n
i9ckholder shall he binding on this cornor.
ION unless the same appear on the hooks
nereoI, and unless said stock shall have {
t tt hrSt onered for sale TO the board OF
ave refused within ten DAYS from said nsnr {
purchaSe said stock at its market yalue
artlcle NL-This charter NAV he changcd | {
Ltered or amended or the corporati6n NAV !
! = III I,IsSoIved by vote of two-thirds of the
80 - present or represented at a general i
vetInS OF the shareholders called for that
lrpose after ten days notice OF said rnaet a
y shaH nave been given in writing mailed
'eSs "S' Aho"n al !
Article VlI-At the expiration Of this $
az 'e e. vi "hen ms corporation Is other p
lse sooner dissolved its affairs shall no n
uidated by two commissioners selected nv s.
e stockholders at a special meeting caIIad a
mat purpose after ten DAYS notice in o.
lung mailed TO each stockholaar at his a.
Il known address at his n
Article VllI.-No stakeholder shall eyer
held liable or responsible for tba 60 II
lets or 1auits OF this corporation in snv v,
rther sum than the unpaid balance dpa RI pt
corporation on the shares owned nv him OF
snah any mere informality in organize, th