The herald., 1915-11-18
CHARTER
OF NATIONAL AUDIT CO. INC.
United States Of America. State Of Louisian
Parish OF Orleans, City of New Orleans.

, United States of America. State Of Louisiana,
Parish of Orleans, City Of New Orleans.
Article BE it known that on the 2lst
day OF the month OF October in the year one
= thousand nine hundred fifteen, before me-
, Martin II. MauI0n, notary public, duly COM
m'SNlored 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 hcTcuntO subscribed
who declared that, ayaIling themselves Of the
provisions OF the laws OF this state relative
To- the organization of corporations, they have
c0vcua0tCd and agreed, and do, by these pres
cnts, covenant and agree. bind, form and CON
Sutute themselves, well such other per
sons as may hereafter Join or become asSo
Grated with them, into a corporation and body
polite in law and for the objects and pun.
poses, and under the agreements and stipula.
tons following. to-wit:
Article 1.-THE name and title Of this cor
poratIon shall be National Audit Co., Inc -"
and under that name II shall have and enjoy
all the rights, advantages and privileges
granted by law 70 corporations; II shall exist
for d period Of uiuety-uiue years from the
date hereof; It shall have power 10 contract
sue and he sued in its corporate name; to
make and use corporate seal, and the same
to break a. alter at pleasure; to hold,
CeIye, purchase, convey, mortgage and hvp0th.
ccate 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 10 make and establish such by
laws, rules and regulations for the corporate
management and control Of the affairs OF the
said company as may be deemed necessary or
expedent.
Article III-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 the
president, and in his absence on the vice.
TlraSr dsf NJ ~af1O and ~ he Oh
sence OF the latter on the secretary or treas
urer.
Article IV.-The objects and purposes fer
which this corporation is organized and the
nature OF the business TO be carried on by 1t
are hereby declared TO be: to audit or ex-
anime accounts of, and make reports on, pub
lie officers and public bodies, railroads, mer-
camille or manufacturing concerns, mills, fac
tories, and such other enterprises conducting
business Of any nature description what
sOever, 10 offer suggestions for the improve
mcut Of their system of accounts, TO issue for
them certificates for publication; TO furnish
them with certificates showing the financial
! responsibility of customers desiring credit; to
collect and handle accounts other claims
| OF any character or description; to handle
adjustments Of business matters, and TO con-
duct 4 general collection business; to make
mercantile reports on the credit and standing
p OF persons, firms and corporations in this city
and elsewhere; to acquire and own, by puT-
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 and
. the distribution OF the assets thereof among
those entitled thereto, and in all respects to
do and attend to those things permitted by
the laws Of tins state to corporations OF this
nature, although the same might not be here
particularly expressed or 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 fiduciaries. This
corporation shall have the power also 10
S establish branches or subsidiaries anywhere
in the United States
Article V.-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,
l divided into shares at par value of $1,000 per
share. which shall be paid for in cash. or
may be issued at not less than par for SER
vices rendered to, property actually pur-
chased. or acquired by, said corporation.
All shares of stock shall be full paid and
non assessable; transfer of stock shall be
binding upon the corporation unless made
upon its books The corporation shall be a
going concern and shall be authorized to COM
:. mence business when $4,000 of the capital
stock shall have been subscribed, and when
Sl,25OOO of the said capital stock shall have
been actually paid for.
Article VI.-All the corporate powers OF
this company shall be vested in and exercised
by a board of directors, composed of not more
than seven stockholders and not less than
three, the majority of whom shall constitute
a quorum, for the transaction of all business
c The first board of directors of this corpora
ton shall be elected on the third Monday OF
November nineteen hundred and fifteen, and
thereafter said directors shall be elected an.
nually on the third Monday in January OF
each year. by ballot of the stockholders. Each
stakeholder shall be entitled in person, or by
; written proxy, to one vote each share OF
stock standing in his name the books OF
the company. All elections shall be held
4 under such rules and regulations may be
determined by the board of directors, but after
at least ten days notice of such election shall
have been given to each stakeholder, at his
last known address, or by publication in one
OF the daily newspapers published in the city
of New Orleans for at least ten days preced.
: ing such election The directors thus elected
shall continue in Office for one year, or until
their successors shall have been duly elected
and qualified. No failure to hold election
shall be regarded a forfeiture of this char
ter Any vacancy occurring said board
of directors shall be filled by the remaining
directors for the unexpired term. Said board
= OF directors shall, at its first meeting, elect
from its number a president, vice-president,
a secretary and treasurer. 1t may combine
the two last mentioned Offices in one and may
even elect a secretary, who need not be a
stakeholder. Said board of directors shall
have the right and power to appoint and dis
miss all managers, agents and other employees
of the corporation, including the secretary,
as conditions may justify, the business of
the corporation may require.
Article Vino stakeholder shall ever be
held liable responsible for the contracts,
faults or debts of said corporation, nor shall
mere informality in its organization have the
effect of rendering this charter null, or of ex-
posing any stakeholder TO liability beyond
the unpaid balance due on the shares of its
stock owned by him.
Article VIII.-This act of incorporation may
be changed, modified or altered. or this cor.
poration may be dissolved with the assent
of the stockholders owning majority Of the
stock of the corporation. at a general meet
ing convened for that purpose, after at least
ten days notice shall have been given to
| each stakeholder, in the manner and form pre-
scribed in Article of this charter. In case
of the dissolution of this company by the
expiration of its charter, Oh otherwise, the
stockholders shall elect three liquidators from
among their number at a meeting which de-
cides to lqudate. TO liquidate and settle the
business and affairs of the company. In case
of the death or inability Of any Of said COM
missioners liquidators, the survivors shall
appoint a successor to him.
Thus done and passed at my Office in the
city of New Orleans, on the day, month and
year herein first above written, in the pres
ence of Herbert w. Kaiser and Joe Kauf-
man, both Of this city, competent witnesses
who have hereunto signed their names with
the said appearers and me, notary, after due
reading of the whole.
Signed: c. c. Sandoz, G. E. SanGoz, Ebert
G. Sandoz.
Witnesses: II. W. Kaiser, Joe Kaufman.