The herald., 1915-11-25

OF NATIONAL AUDI w. Inv
limited States of America, State of LOUISIANA
parish of Orleans, City of New Orleans
Article BE it known that on 'he Lis.
dav of the month Of October in the year one
thousand nine hundred fifteen, before me-
Martin H. Manion, a notary pubic, duiy Oo'ii
missioned and qualified IN and LOT inns eIIy
and the parish of Orleans, therein residing,
aud in the presence of witnesses herelnaltei
named and undersigned, personally came the
persons whose names are hereunto suDscrioIu.
Who declared that, availng themselves OF inc
provisions Of the laws Of this state IelatlVe
10 the organization of corporations, they nave
roveranted and agreed, and do, by these pres
ents, covenant and agree, bind, form ana con
stitute themselves as well as such Quiet per
sons as may hereafter JOIN or become asSo
ciated with them, INTO corporation anu 49,:
nolitic in law and for the objects and puT'
noses. and under the agreements and stipuIs-
lions following, to-wlt:
Article 1.-THE name and title of this cor.
poration shall be National Audit Co., lhc.'
and under that name 1t shall have ana ENJOY
all the rights, advantages and privllegcs
granted by law to corporations; 1t shall exist
for a period of ninety-nine years from inc
date hereof; it shall have power to contract
sue and be sued in its corporate name; 10
make and use a corporate seal, and the same
TO break .r alter at pleasure; to hold, re-
ceive, purchase, convey, mortgage ana hyPoth-
ecate property, real, personal and mlXed' 10
issue bonds, notes and other Obligations; 10
have and employ such managers, agents ana
other employees, as the interest and conve-
nience of said corporation may require or de-
| mand; and to make and establish such by
laws, rules and regulations for the corporate
management and control OF the AFFAIRS OF inc
said company as may be deemed necessary or
expedient.
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 on the
| president, and in his absence on the vice
president of the corporation, and in the abb
sence of the latter on the secretary or treas
urer.
Article IV-The objects and purposes for
| which this corporation is organized ana the
| nature Of the business to be carried on by II
| 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, to offer suggestions for the improve
4 ment of their system of accounts, to issue tor
| them certificates for publications; TO furnish
| them with certificates showing the financial
! responsibility of customers desiring credit; &c
collect and handle accounts or other claim:
of any character or description; to handle
| adjustments of business matters, and to con
| duct a general collection business; to make
4 mercantile reports on the credit and standing
L OF persons, UIUlS ana III lll4S III
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 t
4 effect the settlement of estates OF debtors anC
the distribution of the assets thereof among
| those entitled thereto, and in all respects L
do and attend to those things permitted b,
| the laws of this state to corporations OF thl
| nature, although the same might not be her,
particularly expressed provided; to rende
l assistance for the PRONUNCIATION OF official re
ports, to compile statements OF trading, prom
and loss, and financial conditions; to prepar
| accounts of executors, administrators, trus
| tees and guardians, in accordance with tn
| legal requirements of the various states; Z
! take charge OF books OF hduciaries. Thi
corporation shall have the power also L
establish branches subsidiaries anywher
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
divided into shares at par value of $1,000 pc
1 share, which shall be paid for in cash, o
may be issued at not less than par tor ser
vices rendered to, or property actually pun
| chased. or acquired by, said corporation.
| All shares of stock shall be full paid an
non assessable; no transfer OF stock shall b
| binding upon the corporation unless mad
upon its books. The corporation shall be
going concern and shall be authorized to CON
mence business when $4,000 of the capita
| stock shall have been subscribed, and whe
| 81 5000 of the said capital stock shall hav
| been actually paid for.
| Article NI.-All the corporate powers
| this company shall be vested in and exercise
by board of directors, composed of not NOR
than seven stockholders and not less tina
tthree, the majority of whom shall constitut
! a quorum for the transaction of all business
The first board of directors of this corpor;
ton shall be elected on the third Monday
! 1 November nineteen hundred and fifteen an
4 . har hall ha al ii
nually on the third Monday in January
l each year, by ballot of the stockholders. Fac
: stakeholder shall be entitled in person, or
written proxy to one vote on each share
stock standing in his name on the books
the company. All elections shall be hel
| under such rules and regulations as may
determined by the board of directors, but aftt
/ at least ten days notice of such election sha
have been given to each stakeholder, at h
last known address, or by publication in or
Il of the daily newspapers published in the cit
of New Orleans for at least ten DAYS precet
/. ing such election. The directors thus electe
shall continue in office for one year, or unit
| their successors shall have been duly electe
and qualified. No failure to hold an electio
| shall be regarded as forfeiture of this cha
ter. Any vacancy occurring on said boar
OF directors shall be filled by the remainir
i directors for the uneXpired term Said boar
of directors shall, at its first meeting, ele
/ from its number president, vice presden
secretary and treasurer. 1t may combir
i the two last mentioned Offices in one and ma
/ even elect a secretary, who need not be
stockholder. Said board of directors sha
have the right and power to appoint and di
| miss all managers, agents and other employee
| of the corporation, including the secretar
as conditions may justify, or the business
/ the corporation may require.
L Article Nll.-No stakeholder shall ever
| held liable or responsible for the contract
| faults or debts of said corporation, nor sha
/. mere informality in its organization have Il
effect of rendering this charter null, or of e
= posing any stakeholder to liability beyor
= the unpaid balance due on the shares of
| stock owned by him.
| Article VIII.-This act of incorporation m;
be changed, modified or altered, or this &C
poration may be dissolved with the asse
of the stockholders owning a majority of 4
stock of the corporation, at a general me,
ing convened for that purpose, after at lea
ten days notice shall have been given
Il each stakeholder, in the manner and form Of
i scribed in Article of this charter In ca
of the dissolution of this company by 4
/ expiration of its charter, or otherwise I
stockholders shall elect three liquidators fro
among their number at a meeting which q
| cides TO liquidate, to liquidate and settle I
business and affairs of the company. In ca
of the death or inability of any of said CO.
missioners or liquidators, the survivors sh;
/ appoint successor to him.
II 11t,o