The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-15
CHARTERS.

State of Louisiana. All citations and other
iesai process shall be served upon the Pres |
.I L VI saio corporation, or, IN case of his |
absence or inability to act or any vacancy |
IN the ONCE, upon the Vice-President, and |
IN the absence or inability or resignation
Of both President and Viee-President, upon
tne Secretary. The president shall be the |
executive ofheer of the corporation; he shall |
preside at all meetings of the Board of
Directors and stockholders.
Article IlI.-The objects and purposes for
which this corporation is established, and
the nature Of the business to be carried on
by it are hereby declared to be as follows,
to-wit:
10 engage in the business of lending
money, and to conduct a general loan bust.
ness; TO borrow money, to make and issue
bonds payable to bearer or otherwise, or
notes or drafts for the same or for any debts
or obligations incurred by it, or for any
other purposes Of the said corporation, and
to secure same by mortgage or deed of trust
or any OF Its property; to advance money on
property, both movable and immovable, and
10 take mortgages, pledges or any other Sc
curity therefor; also TO issue all kinds of
certificates of Indebtedness, the same as
natural persons; to issue time certificates,
with or without interest; to issue and sell
| investment certificates with or without in
| terest, and generally TO do all things nee
| essary or convenient to properly carry out
| the objects and purposes OF this corporation
| and conduct its said business.
Article IV.-This corporation may sue and
| be sued IN its corporate name; hold, have,
| receive, purchase, convey, sell, mortgage,
| hypotheoate, pledge, lease and suitcase and
| enjoy real estate and personal and mixed
| property; also borrow money, make and issue
| notes and bonds, make contracts, receive
| grants OF land or personal property, and make
and use corporate seal, the same to alter
| or break at pleasure; name and appoint such
managers, directors, officers, clerks and
| agents as the interest and convenience Of
SAID corporation may require; and, through
its board OF directors, make and establish
| such bylaws and rules and regulations for
| the proper management and regulation
| Of the business and affairs of said corpora
| ton as may be necessary and expedient, and
the same 10 alter and change at pleasure, and
shall possess all the rights, powers and
| privileges to which corporations now,
by existing laws, or may be by any gen.
eral laws, authorized to possess. Said cor
within any other State or Territory in the
| United States or foreign country that shall
permit the same, and may acquire real estate
and offices for the purpose Of conducting the
business of said corporation
Article V-The capital stock of this cor
poration is hereby fixed at the sum OF twenty
| thousand dollars, divided into ten thousand
| dollars OF common stock, of the par value OF
5000 per share, and ten thousand dollars
of preferred stock of the par value of 5000
per share.
All stock subscribed for shall be payable
on such terms as the Board OF Directors
may determine.
This corporation shall be going concern.
and may commence business, as soon as
| fifty per cent of said capital stock shall
have been subscribed, and fifty per cent OF
the amount thereof actually paid in.
All transfers of stock shall be made on
the books of the corporation by surrender of
the original certificate properly endorsed for
favor said stock is issued or by his duly
authorized agent in writing.
The preferred stock issued may be in.
creased to one hundred thousand dollars, but
no preferred stock shall enjoy voting pow
ers, provided the increase is voted for, at
meeting duly called, by two-thirds OF all
Of the common stock.
| The Common Stock issued may be in
creased to fifty thousand dollars by a vote
of the Board Of Directors OF the corporation.
! Article VL-The common stock shall have
the complete and exclusive control OF the
, affairs of said corporation, and the exclusive
right to vote at all stockholders meetings.
Article VII.-Preferred stock shall be emit,
! tied by preference to dividend on stock
of eight per cent, and any excess Of profits
over that amount shall be apportioned anC
! paid TO the common stock UP to eight PEI
! cent. Any excess, after apportioning divi
dends aforesaid, shall be divided and appor
: toned equally between the two classes o.
stock.
Article VIII-All the corporate powers o
: this corporation shall be vested in and exer
/ cised by, Board of Directors, TO be elected
annually. composed of not less than three
/ nor more than eleven members, who shall
4 | be bona fde owners of common stock stand
ing in their names, unpledged and unincum
bered.
5 A majority of the said board shall consti
: tute a quorum for the transaction OF bust
5 ness.
e Until the first Monday in October, 1918
J the following named persons shall constitute
u the Board Of Directors of this corporation
0 to-wit Samuel ]. Hart, w. A. Bsso, Free
n A. Earhart, II. w. Robinson, d. A Capdau
!, all of New Orleans.
= All elections shall be by ballot, and sucl
= holder of common stock shall be entitled Z
= one vote for each share of said stock stand
a | ing in his name on the books of the corpora
a | ton, the vote to be cast in person, or b,
/ proxy; it shall require majority OF stool
;. present or represented to elect.
e Failure to electsa board on the first Mon
IT day of October, 1918, or at any other tim
s thereafter, shall not work forfeiture o
| this charter but the old Board Of Director
i shall remain in Office until their successor
l. are elected and assume duties.
y The officers of this corporation shall con
s sst of a President, Vice-President and Sec
d rotary and Treasurer, and the board ma
y combine the office OF Secretary and lreasu re
s same person. Until the election in 1918. tn
l. following persons shall constitute the oft1cer
of said corporation: Samuel ]. Hart, Pres
| ident, w. "A. blSSO, NlCe-IItSluSHl, IL )
J. Earhart, Secretary-Treasurer.
= Article IX-Stockholders' meetings, othe
: than that for elections annually OF member
N Of the board, may be held whenever ordere
I. by the Board of Directors, or requested b
a IS per cent of the outstanding stock, CON
\ mon and preferred.
Notice of such meetings shall be given l
re the manner required by law by personal nc
10 tice to each stakeholder by depositing !
.. the mails, properly addressed, written notic
to of the meeting, also that each stockholdt
TO shall have at least IS days notice thereo
,e Stockholders may, however, waive write
notice and appear in person or by proxy
-yI Article X-This charter may be AMENDED
n; modified or altered with the consent OF tw'
thirds of the amount of common stock pre-
ne ent or represented, at any general meetir
o. of said corporation convened for such pu
q. pose after due notice as hereinbefore pr
Mt yided for Any and all meetings OF Il
Is, stockholders, whether for the purpose
lie, liquidation or for any other purpose, ma
be held at any time without notice by una
IS, imous consent of all stockholders, an with
ne filed with the Secretary.
r, Article XI.-This corporation may be di
H. solved and its affairs hquidated wnenev
:. in the judgment of the majority OF the VINO
le Board of Directors it shall be deemed advi
es able if ratified by a two-thirds vote OF
oI stockholders; or by the consent, in writln
W ue Of all of the outstanding stock, IN viii
n event no meeting shall be necessary
I1ss Whenever this corporation is dissolved
w. any cause, its affairs shall be iiquldat