The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18
CHARTER
OF THE SECURITY LOAN OFFICE,
Julv 3lSt. 1913.

OF THE SECURITY LOAN OFFICE,
July 3lst, 1913.
State of Louisiana. Parish Of Orleans. city
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 mere
| unto subscribed, who severaIIy declared that
! ayailing themselves Of the laws of the state
| of Louisiana in such cases made and proVld-
| ed they have agreed and by these presents
! agree and bind themselves as we'll as such
| other persons as may hereafter become as
ISOLATED with them, to form and do hereby
| form and constitute themselves corpor-
alton for the purposes and under the supu
| lations following, to-wit:
Article 1.-The name OF this corporation
shall be the Security Loan Office, under
which name 1t shall enjoy corporate exist
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
Articel 1.-THE objects and purposes OF
the corporation are and are hereby declared
to be TO lend money on pawn or 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; 10
purchase or discount notes, drafts or &C
counts and generally to conduct and carry
on a loan and pledge business and pawn
brokers' office and business, and 10 90 eS-
erythng appurtenant thereto or proper; au
yantageOus or necessary In connection there.
with Also, TO buy and sell merchandise or
every kind and description;
Article III.--The capital stock OF the cor
poration shall be ten thousand (SlO,OOnOO)
dollars divided into one hundred uOOl
shares of the par value or one hundred
dollars (SlO0.OO) each, which snail De paIu
for when issued in cash, or other property,
or for services rendered as determined Oy
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; TO hold
receive, lease, purchase, sell, convey, mort
gage, affect and hypothecate properly, pom
real and personal, and to name and appoint
such officers as its interests and convenience
may require.
Article IV.-The corporate powers Of this
corporation shall be vested in and Its 0uSt
ness shall be conducted by n board or oil
rectors composed OF three stockholders; the
stockholders shall Immediately confer AFTER
the signing Of this charter and elect by
majority vote a board OF directors who shall
hold office until the thirtieth day or OctoDer,
1914, or until their successors are duly
elected and qualified, on the said THIRTEEN
day Of October, 1914, and annually thereaf-
ter the board of directors 10 serve during
the ensuing year or until their successors are
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
herenabove provided elections are TO De
held after ten days notice In writing snan
| have been sent by mail to each stakeholder
| In all elections and meetings or 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 a president and manager and
| q 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 DOCKS
thereof. and unless said stock SHAH nave
| been first offered for sale to the board OF
| directors OF this corporation and they shall
have refused within ten days from said ofrer
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 general
| meeting OF the shareholders called for that
| purpose after ten days notice OF said meet
| Ing shall have been given IL writing mailed
TO each stakeholder at his last known ad-
| dress.
| charter or when this corporation Is other
wise sooner dissolved Its affairs shall be
| liquidated by two commissioners selected by
at special sn dnSs notice
writing mailed to each stakeholder at his
| last known address.
Article vIII.-No stockholder 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 10
the corporation on the shares owned by him
nor shall any mere informality in organlza-
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 the
1 vol r
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 tn,
city of New Orleans who have subscribed
their names hereto, together with appear
ers and me notary, after due reading or the
whole.
Original signed Sam BOSNIAN. 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 o.
Louisiana, do hereby certify that the aboy'
and foregoing act Of Incorporation OF thu
! Securitv Loan ONCE was this day duly re
corded In my ONCE In book 1888, folio 707
! New Orleans. August list, 1913.
Z (Signed) EMILE ]. LEONARD, d. r.
, !, the undersigned notary. hereby certifl
that the foregoing Is a true and correct cop
. Of the original charter OF the Security LOAF
Office, except names OF subscribers an
, on the 31st day Of July, 1913. together witt
r the certificate of the recorder OF mortgage
( thereto attached, on file and Of record In m
In faith whereof have hereunto set m
: hand and seal this seventh day Of August
i'i'' BERNARD TITCHE, Net. Pub.
aug IA 81 % sept IL Is