The herald., 1915-11-11
CHARTER
OF NATIONAL AUDIT CO.. INC.

day of the month of October in the wear one
thousand nine hundred fifteen. before me-
Martin H. Manlon, a notary public, duly COM
mISSIoned and qualified in and for this city
and the parish OF Orleans, therein residing,
and IN the presence of witnesses hereinafter
named and undersigned, personally came the
| persons whose names are hereuntO subscribed.
| who declared that, availing themselves of the
! provisions Of the laws of this state relative
| to the organization Of corporations, they have
! covenanted and agreed, and do, by these pres
| entS, covenant and agree, bind, form and con-
/ Sutuie themselves, well such other per
| sons as may hereafter join or become asso
| clated with them, INTO corporation and body
| polite in law and for the objects and pur.
| poses, and under the agreements and stipus-
tions following. to-wt:
Article 1.-THE name and title Of this cor
| poratIon shall be National Audit Co., Inc, >"
| and under that name it shall have and enjoy
| all the rights, advantages and privileges
granted by law to corporations; II shall exist
Tor period Of nnety-uine years from the
date hereof; It shall have power to contract
sue and be sued in its corporate name; to
make and use a corporate seal, and the same
! to break 'r alter at pleasure; to hold, re-
ceiye, purchase, convey, mortgage and hypoth-
eCaie property, real, personal and mixed; to
issue bonds, notes and other obligations; to
have and employ such managers, agents and
other employees, as the interest and Conve-
nlence OF said corporation may require or de-
mand; and to make and establish such by
laws, rules and regulations for the corporate
infringement ana control OF the AFFAIRS OF the
said company as may be deemed necessary or
expedient.
Article IlI.-The domicile of said corpora
ton shall be in the city of New Orleans |
state OF Louisiana, and all citations and
other legal process shall be served on the |
president, and III his absence on the vice |
president of the corporation, and in the alb |
sence OF the latter on the secretary or treas |
urer.
Article IV.-The objects and purposes for
which this corporation is organized and the |
nature OF the business to be carried on by il |
are hereby declared to be: to audit or cx-
anime accounts Of and make reports on pub. |
lie officers and public bodies, railroads, mer-
camille or manufacturing concerns, mills, fac
torres, and such other enterprises conducting
business of any nature or description what
soever, 10 offer suggestions for the improve.
ment OF their system OF accounts, to issue for
them certIhcates for publication; to furnish
them with certificates showing the financial |
responsibility of customers desiring credit; TO |
collect and handle accounts or other claims
OF any character or description; to handle
adjustments OF business matters, and to con-
duct a general collection business; to make
mercantile reports on the credit and standing
OF persons, firms and corporations in this city
and elsewhere; to acquire and own by pur-
chase or otherwise, stocks of merchandise
accounts, notes, chooses in action. Judgments
real estate or other kinds of property and TO
effect the settlement of estates of debtors ard
the distribution of the assets thereof among
muse CHtIlISu Thereto, ana IN all RESPECTS TO |
do and attend to those things permitted by
the laws OF this state to corporations of this
nature, although the same might not be here
expressed provided; 10 render
assistance for the PRONUNCIATION of official re-
ports TO compile statements of trading, profit
and loss, and financial conditions to prepare
accounts OF executors, administrators trus-
tees and guardians, in accordance with the :
legal requirements of the various states: TO
take charge of books of hduciaries This {
corporation shall have the power also TO
establish branches or subsidiaries anywhere
in the United States. Il
Article N.-The capital stock of this cor ,
poration IS hereby fixed at the sum of $4,000
and the said corporation is authorized to in
crease said capital stock to the sum of $4,000.
liVlded into shares at par value of $1,000 per
share, which shall be paid for in cash. or r
may be issued at not less than par for SER
wees rendered to, or property actually pur- |
chased, or acquired by. said corporation ,
All shares of stock shall be full paid and .
non, assessable; no transfer of stock shall be |
binding upon the corporation unless made [
lpon ITS books The corporation shall be a
going concern and shall be authorized to com
nence business when $4,000 of the capital :
stock shall have been subscribed, and when
,l'<o'o OF the sad capital stock shall have 4
'een actually paid for. :
Article Nl.-All the corporate powers of .
MS company shall be vested in and exercised I.
~ board of directors, composed of not more I.
han seven stockholders and not less than !
quorum, for the transaction of all business
he hrst board of directors of this corpora
ION shall be elected on the third Monday of ;
November nineteen hundred and fifteen arJ
hereafter said directors shall be elected an. 1
lualIy on the third Monday in January az
ach year, by ballot of the stockholders Each (
tockholder shall be entitled in person, or bv !,
.rltten proxy TO one vote on each share Of !!
lock standing in his name on the books of J.
ne company. All elections shall be held | J
Inoer sueh rules and regulations as may be !:
etermed by the board of directors but after !:
i least ten days notice of such election shall !;
ave been given to each stakeholder at his !:
ast known address, or by publication in one :;
! the daily newspapers published in the citv :;
New orleans for at least ten days proceed.
ns Such election. The directors thus elected
nail continue in Office for one year, or until
heir successors shall have been duly elected 3
M qualIhed. No failure to hold an election |
nall be regarded as forfeiture of this char.
: ny vacancy occurring on said board :!
! directors shall be filled by the remaining :
ireetors for the unexpired term. Said board !:
directors shall, at its first meeting. elect :!
rom its number president, a vice-president. Z:
s . and treasurer. 1t may combine !;
ne two last mentioned Offices in one and NAV ::
ven eject secretary, who need not he I;
tockholder. Said board of directors sb,ii I:
ave the right and power to appoint and dis. :;
'Ss al managers, agents and other EMPLOYEES q
the corporation, including the secretar, z
conditions may justify, or the business of &
,e corporation may require. q
Aruelc Nll.-No stakeholder shall ever he 8
eld liable or responsible for the contracts 8
iults or debts of said corporation. nor shall 9
ere intormality in its organization have tbe 3
meet OF rendering this charter null. or ~ a.. =
osing any stakeholder to liability bevond !.
ock owned by him. VI '' !
Article Nlll.-Ihis act of incorporation r,av :.
changed, modified or altered, or this cor | =
'raton may be dissolved with the assent 7
the stockholders owning a ma;oritv 81 .ha =
ock OF the corporation, at a general r,..t =
q convened for that purpose. after a, iesst '
n Gays notice shall have been given ~ e
cn stockholder, in the manner and form n-e
riDed IN Article of this charter In case
the dissolution of this company bv the n
piraton OF its charter, or otherwise tbe nj
ockhoiders shall elect three liquidators from W
1ong their number at a meeting which de- M
1es TO lIquidate, to liquidate and settle the XIX
siness and affairs of the company. In csse | XXI
the death or inability of any of said com M
ssioners or lquidators, the survivors shsi, IN
point successor TO him. '-''i M
l nus done and passed at nv Office in III. w
y OF New Orleans, on the day, month and w
ar herein first above written, in the pres. w
&c OF Herbert w. Kaiser and Joe Kauf w
IN Doth OF this city, competent witnesses M
70 nave hereunto signed their names with M
SAID appearers and me, notary, after due III
lding of the whole. oue M
Sandoz. ' Hioer' M
H. w. Kaiser, Joe Kaufman. XXX
(Signed) MARTIN H. MANION. III
A.. Notary Public W
and TOR the parish of Orleans, State of III
do be-