The herald. [volume] (New Orleans, La.) 1905-1953, 1916-03-09
CHAR
OF THE FISCAL AGENCY, INCORPO-
RATED.

-. -
Ste Of LOUISIANA, ia'iNH Of oIIea"S' lily
~ Ne" Orleans.
! Ec De- Lr."r that. on tbs, the fDI-tN i-lhl
| Hly Of February IN the year OF oar Lord
! r.rrrerr hundred and sixteen. before me-
! Edward Peter Cousin. % notary public, duly
| commissioned and qualified. IN and i'r the
parish and state aforesaid therein residing
/ .-I ia ,,,. r,rc,r-re NJ the witnesses herein,
! after named and undersigned, personally
came and appeared the persons whose names
/ are hrrruutl subscribed all OF the full aye
If majority and residents of this city. who
| ~cvc-a..y declared that. avaiiiug themselves
/ 'urc Of thls State. being known as Act No.
! 2t7 Of the Session Acts Of I2li they do. 10y
! these presents. covenant aud agree and bind
| themselves. as well o., all such other persons
81, may become hereafter associated with
them. IN order 10 form and constitute a cor
r9ratiou or BODY polite in law for the OBJ
! irrts and purposes, ard under the siipull-
! t,ors following. to.w't.
Article The name and title OF this cor
rorasial shall be The Fiscal Agency Iucor-
rgrlt-H. of New Orleans Louisiana, and it
Shall have and ,-irv succession ami exist
.~cc f,- a period Of riuerv-uiuc wears from
date hereof Il shall have. enjoy and pos
sr-- all the powers. rights. privileges and
i~rrnur-rlss accorded O. corporations under
tho law
Ariel. 1.-THE dnmieilc If this corpora
'.pu shall he iu the city Of New Orleans.
State Of Iqgf,i4r4 where all citations and
Other Irral process shall be served OF its
REGULAR o0,rf-s according 10 law.
Article HI-Thc objects and purposes for
which this corporation is organized. and the
nature Of the business 70 be carried on bv
IL are hereby declared 10 be. to act as fiscal
agents for orarr r1~porations. partnership
firms and individuals 10 lease. promote buy
sell. mortgage lrvp1thccatc. pledge and deal
IN real estate stock, rn'rs bonds and other
,erl,r,ric, and commercial pqpers: 10 act as
agent for any and all business relating or
pertaining to real estate stocks. bonds. in
,rirancc. notes. and other commercial papers;
70 borrow and Ie-I money on notes bonds
mortgages or pledges: and generally 70 do
and perform all other things that NAV be
necessary 10 carry out the objects and pur-
poses of this corporation
Article IV-The capital stock Of this cor
marathon is hereby declared to be the sum
Of five thousand dollars CssO0OCM. divided
into five hundred shares Of the par value Of
ten dollars each. No transfer Of stock shall
be binding upon this corporation unless same
30 stockholder shall have the right to as
sign or transfer any share or shares held by
him unless he shall have first offered same
in writing TO the board of directors, which
ten d9vs there after tC at the valuation deter
mined nv the hoard. aud in case Of disSatiS-
faction as to the price the matter shall be
arbtrated. one arbitrator with the powers
of auicabIc cnrnpounders TO be appointed by
each side and an umpire to be selected bv
those two. who shall take oath. and whose
decision will be final. and no recourse to thee
courts TO be hereafter allowed And all the
shares Of stock when so purchased may be
reissued at not less than par value.
Article VI. The corporate powers of
this corporation shall be vested in a board
of directors 10 be composed of FIVE directors
to be elected bv the Stockholders at a GEN
cral meeting to be held on the second Mon
day Of January in each year No stakeholder
Of this corporation shall be eligible unless
he owns in his own name at least one full
paid share of the capital stock
2 The board Of directors shall have the
power to make all bylaws, rules and regula-
tions necessary for the conduct Of the bust
ness affairs OF said corporation; shall elect
from their number president, vice-Presi-
dent and secretsry-t-eaSurer.