The Caucasian., 1913-08-21
CHARTER
OF the Bankers Loan Company.

10Th day Of the month Of August,
one thousand nine hundred and
thirteen, before me, Edward Bar
nett, notary public in and for the
Parish and State aforesaid, d uly
commissioned and qualified, person.
ally came and appeared the several
persons whose names are heretuntO
subscribed, all of whom are resi-
dents of the Parish and State afore-
said, who declared to me, notary, in
the presence of the two competent
witnesses whose names are hereuntO
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
corporation and body polite under
the name and style and for the pur-
poses hereinafter specially set forth.
ARTICLE |.
The name of this corporation and
association shall be The Bankers
Loan Company, and its domicile is
hereby established in the City Of
Shreveport, 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 corporate seal
and the same to break and alter al
pleasure; to hold, receive, have,
purchase, improve, ALLEVIATE, convey,
sell, borrow, pledge, mortgage and
hypothecate, under its corporate
name, property, real, personal and
to name and appoint such
officers, directors, agents and man
ayers or employees as the interest
and convenience Of the corporation
may require; to make and establish
bylaws, rules and regulations for
the proper management and regula-
tion of its affairs, as may be deemed
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 the objects and purposes Of this
corporation. Said corporation, un-
less sooner dissolved in accordance
with its charter, shall exist and
continue for period of ninety-nine
years.
ARTICLE II.
The objects and purposes for
which this corporation is organized
and the nature of the business to be
carried on by it are hereby declared
to be the following, to-wit: To 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 or
such other terms as the board OF
directors may deem proper.
ARTICLE III.
The capital stock Of this corpora
tion shall be divided into ten thous-
and shares of the par value Of ten
dollars each, and shall be entitled to
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-
ary 1 of each year, beginning Janu-
ary 1, 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
the board Of directors, be passed to
the surplus account of the corpora
ton, 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 or
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 this cor
poration shall be vested in and ex-
ercised by a board of seven direc-
tors, four Of whom shall constitute a