The herald., 1913-08-21
CHARTER
OF THE SECURITY LOAN OFFICE,
LIMITED.

/ CHARTER
OF THE SECURITY LOAN OFF ICE,
LIMITED.
| July %lSr. 1919.
| State Of Louisiana. Parish OF orleans. my
| Of New Orleans.
| Of the month OF July. in the year on" tA"u
! sand nine hundred and thirteen, before me-,
/ Bernard Titche. "a Notary iuUNc di,N com
| missioucd and qualified In ana Tor ID" par
/ ISL of Orleans, state of Louisiana. anu IN
/ the presence Of the witnesses hereinafter
/ named and undersigned. personally came ana
| apptarrd the persons whose names are mere
| unto Subscri bed. who S"Vcrally declared lhai
awaiting themselves Of the laws Of the state
/ of Louisiana in such cases mad" ana pluNth-
ed they have agreed and by these present $
agree and bind themselves as Wen Is Nueh
other persons as may hereafter become as
Sociated with them, to form and do hereby
form and constitute themselves a corP'r-
alton for the purposes and under the sllpu-
lationS following tO-wit:
''' G~rirra The name OF this corporation
shall be the Security Loan once, under
which name il shall enjoy corporate exist
enCe for ninety nine years. us domlclI'
shall be in the city " New Orleans, Where
citation and other legal process shall Ice
served on the president and manager or In
his absence or disability on the secretary
treasurer.
the corporation are and are hereby declared
to be to lend money on pawn or pledge
Of merchandise bonds, stocks, or personal
UrDupTfy of all kinds or on mortgage OF Ven
doris lien on real estate or To secure loahS
by sales with the right of redemption; to
purchase or discount notes. drafts or dc
counts and generally to conduct ana carry
on loan and pledge business and pawn
brokers' office and business, and to do ey-
erything appurtenant thereto or proper, al
yantageOuS or necessary In connection theTe-
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,UOOO)
dollars divided Into one hundred ilool
shares of the par value of one hundred
dollars (S1OO.OO) each, which shall be paid
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 mold
receive, lease, purchase, SELL convey, mort
gage affect and hypothecate property, both
real and personal. and to name and appoint
such officers its interests and convenience
Article IV-The corporate powers Of this
corporation shall be vested in and its DuSt
ness shall be conducted by a board or dl
rectOrs composed Of three stockholders; the
stockholders shall Immediately confer after
the signing Of this charter and elect by a
ma iOrity vote a board of directors VINO Shall
hold office until the thirtieth day of October,
1914 or until their successors are duly
elected and qualified, on the said thirtieth
day Of October, 1914, and annually thereat-
ter the board of directors to serve during
the ensuing year or until their successors are
| duly elected and qualified, shall be eleCled
| by a ma iority vote of the stockholders. with
the exception of the election OF the hrsi
| board of directors which is to take place as
hereina bove provided, elections are TO be
| held after ten days notice in writing shan
| have been sent by mail TO each stOckholder,
| In all elections and meetings OF stOckhold-
| ers each share Of stock shall be entitled to
/ or a 70 N
| The board OF directors shall elect from
their number a 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 a
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 oneI
| to purchase said stock at its market value
! Article Nl.-This charter may be changed
! altered or amended or the corporation may
| be dissolved by a vote OF twothirdS of the
| stock present or represented at 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 vII-At the expiration OF this
! charter or when this corporation Is other
| wise sooner dissolved Its affairs shall be
| liquidatcd by two commissioners selected by
| the stockholders at special meeting called
/ writing mailed to each stakeholder at his
! last known address.
Article VIII.-No stockholdcr 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 e
| the corporation on the shares owned by him
nor shall any mere informality IN organiza
/ ton have the effect OF rendering this charter
null or of exposing a stakeholder to any la
! bility beyond the amount OF his stock,
| In lieu of a formal subscription list thu
! subscribers have written opposite theiI
! several names the number Of shares OF stOcl
! subscribed by them.
Thus done and passed in my office In IN,
city Of New Orleans on the day, month anC
| year first above written I'm the presence o
| Wynne g. Rogers and 7. r. Ferrera, compe
| tent witnesses Of lawful age residing in tn
city of New Orleans who have subscribed
their names hereto, together with appear
ers and me notary, after due reading OF tht
whole.
Original signed Sam BOSNIAN, 40 shares
II and other subscribers.
/ Witnesses Wynne G. Rogers. 7. G. Ferrera
i (SignedD BERNARD TTTCIIE, Not. Pub
1 !. the undersigned recorder Of mortgage
in and for the parish of Orleans. state o
| Louisiana. do hereby certify that the aboy
and foregoing act Of incorporation Of tn
Securitv Loan Office was this day duly re
corded in my office In book 1888, folio TO7
Il New Orleans. August LIST, 1913.
i (Signed) EMILE j. LEONARD, ID. Il.
Il I, the undersigned notary, hereby certif
that the foregoing is a true and correct cop
: Of the original charter Of the Security bOal
Office except names OF subscribers an
amount OF subscriptions, executed before m
, on the 31st day OF July, 1913, together wit
!. the certificate OF the recorder Of mortgage
thereto attached, on file and Of record in m
office.
; In faith whereof | have hereuntO set m
hand and seal this seventh day OF Angus
1913.
BERNARD TITCHE, Not. Pub.
aug IA 81 20 sept IL IS