The herald. [volume] (New Orleans, La.) 1905-1953, 1917-11-01
CHARTERS.

'Csdt process snail De served upon the Pres |
dent Of said corporation, or, in case OF his |
absence or inability to act or any vacancy |
IN the othce, upon the Vice President, and
IN the absence or inability or resignation |
Of both President and Nice-President, upon
the Secretary. The president shall be the |
executive officer of the corporation; he shall
preside at all meetings Of the Board Of
Directors and stockholders.
Article III.-The objects and purposes for
which this corporation is established, and
the nature OF the business to be carried on
to-wit:
To engage in the business Of lending
money, and 70 conduct general loan busi-
ness; 10 borrow money, TO make and issue
bonds, payable to bearer otherwise, or
notes or drafts tor the same or for any debts
Or obligations incurred by it, or for any
other purposes Of the said corporation, and
10 secure same by mortgage or deed OF trus:
or any OF its property; 10 advance money on
property, both movable and immovaJle, and
20 take mortgages, pledges any other sc.
curIty therefor; also 10 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 withOu; in
terest, and generally 10 do all things nee
essary or convenient 10 properly carry on.
The objects and purposes Of this corporation
and conduct its said business
Article IN.-This corporation may sue and
receive, purchase, convey, sell, mortgage,
aypothccdte, pledge, lease and suitcase and
enjoy real estate and personal and mixed
property; also borrow money, make and issue
notes and bonds, make contrasts, receive
grants OF land or personal property, and make
and use a corporate seal, the same 10 alter
)r break az pleasure; name aad appoint such
managers, directors, Othcers, clerks and
agents as the interest and convenience OF
said corporation may require; and, through
is board OF directors, make and establish
such bylaws and rules and regulations for
the proper management and regulation
II the business and affairs OF said corpora
non as may be necessary and eNpedleGt, and
the SANG 10 alter and change at pleasure, and
shall possess all the rights, powers and
privileges 10 which corporations are now,
by existing laws, or may be by any gen
eral laws, authorized TO possess. SAID cor
pogatlon may exercise its corporate powers
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 N.-The capital stock of this cor
p0ratIon l., hereby tIxrd 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 a going concern,
and may commence business, as soon as
Ifty 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
cancellation by the stakeholder in whose
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
a 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 NL-Thc 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.-Preierred stock shall be emit
| tied by preference to = dividend on stock
| Of eight per cent, and any excess OF proht:
| over that amount shall be apporJioned and
| paid TO the common stock up 10 eight pei
| cent Any excess, after apportioning div
| dends aforesaid, shall be divided and appor
toned equally between the TWO classes o
| stock.
Article VIII.-Ail the corporate powers o
| CORPORATION
| ciSed by, a Board Of Directors. TO be elected
annually, composed Of not less than three
| nor more than eleven members, who shall
be bona hde owners Of common stocI stand
ing in their names, unpledged and unlncum
| bered.
4 majority OF the said board shall consti
tute a quorum for the transaction OF bust
ness.
Until the first Monday in October, 1915
the following named persons shall constitut
the Board Of Directors OF this corporation
,o-wit: Samuel ]. Hart, w. a. BIsSo, Ere
4 Earha-t, II. W. Robinson, d. a. Capdau
all OF New Orleans.
All elections shall be by ballot, and sue
holder OF common stock shall be entitled I
one vote for each share OF said stock stand
ing in his name on the books OF the corpora
ton, the vote TO be cast in person, or b
proxy: it shall require a majority OF stoc
present or represented TO elect.
Failure to elect a board the first Mon
day of October, 1918, or at any other tim
thereafter, shall not work forfeiture 0
this charter. but the old Board OF Director
shall remain in office until their successor
are elected and assume duties.
The officers of this corporation shall con
,ist Of a President, Vice-President and Sec
rotary and Treasurer, and the board ma
combine the Office Of Secretary and treasure
} so that same may be held by one and tn
same person. Until the election IN l9lS tn
| following persons shall constitute the officer
| Of said corporation: Samuel J. Hart, Pres
ident, ". A. Bisso, NiCe-P President, +.
Earhart. Secretary Treasurer.
Article IX-StockhoIders meetings. othe
than that for elections annually OF member
} of the board, NAV be held whenever ordere
nv the Board of Directors, or requested b
IS per cent Of the outstanding stock, con
, mon and preferred.
Notice Of such meetings shall be given l
. the manner required by law by personal NJ
, ice TO each stakeholder oy depositing /
; | the mails, properly addressed, written notiC
, of the meeting, also that each stockholdS
! | shall have at least IS days notice thereo
, Stockholders may, however, waive Write
notice and appear in person or by proxy
y Article N.-Ths charter may be AMENDED
; modified or altered with the consent OF wv
thirds of the amount of common stock pre-
ent or represented, at any general meetir
b. Of said corporation convened for such pu
I pose after due notice as herelnoetoTe pr
I vided for ANY and all meetings OF u
!, | stockholders, whether for the purpose
:, liquidation or for any other purpose, ma
| be held at any time without notice by una
!, | i-1ous consent OF all stockholders, an wriuT
e filed with the Secretary.
Article XI-This corporation may be d.
/ solved and its affairs lquidated whenev
| in the Judgment of the majority OF the VINO
: BOARD Of Directors il shall be deemed advi
8 able, if ratified by a two-thirds vote OF
" stockholders; or by the consent, IN wTitln
e ~ all OF the outstanding stock, in viii
event no meeting shall be necessary.
: Whenever this corporation is dissolved I
), any cause its affairs shall be llquldat
under the superintendent OF three
! Stockholders 10 be chosen for that puTpo