The herald., 1917-10-25
CHARTERS.


.gal process shall be served upon the Pres
lent OF said corporation, or, in case of his
oSence or inability to act or any vacancy
a the office, upon the Vice President, and
: me absence or inability or resignation
both President and president, upon
ne Secretary. The president shall be the
xecutive othcer OF the corporation; he shall
reside at all meetings OF the Board of
directors and stockholders.
Article III.-The objects and purposes for
Inch this corporation is established, and
he nature of the business to be carried on
y 1t are hereby declared to be as follows,
O-wit
To engage in the business of lending
money, and to conduct a general loan busi-
-ess; 10 borrow money, to make and issue
'onds, payable to bearer or otherwise, or
.otes or drafts for the same or for any debts
T obligations incurred by it, or for any
ther purposes of the said corporation, and
secure same by mortgage or deed OF trust
II any OF ITS property; 10 advance money on
Toperty, both movable and immovabie, and
O take mortgages, pledges or any other Sc
urIty therefor; also 10 issue all kinds OF
certificates OF Indebtedness, the same as
saturaL persons; 10 issue time certificates,
With or without interest; to issue and sell
Investment certificates with or without IN
crest and generally to do all things nee
ae objects and purposes OF tins corporation
nd conduct its said business.
Article IN.-ThIs corporation may sue and
Ic sued IN its corporate name; hold, have,
-ceIve, purchase, convey, sell, mortgage,
ypothecate, pledge, lease and suitcase and
nJoy real estate and personal and mixed
rUperty; also borrow money, make and issue
DteS and bonds, make contracts, receive
rants OF land or personal property, and make
nd use a corporate seal, the same to alter
break al pleasure: name and appoint such
anageTS, directors, officers, clerks and
gents the interest and convenience OF
AID corporation may require; and, through
board OF directors, make and establish
uCh bylaws and rules and regulations for
ne proper management and regulation
the business and affairs OF said corpora
on may be necessary and eXpeden:, and
ne same 10 alter and change at pleasure, and
hall possess all the rights, powers and
.rIvileges to which corporations are now,
y existing laws. or may be by any gen
raj laws, authorized TO possess Said cor
yOratlon may exercise its corporate powers
within any other State or Territory in the
nited States or foreign country that shall
.ermIt the same, and may acquire real estate
nd offices for the purpose OF conducting the
1usIness 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
S2O0 per share, and ten thousand dollars
II 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.
md 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
. he al nrnOerly endorsed fpr
by the stockholder 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, al
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 vote
of the Board of Directors OF the corporation
Article NI.-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 a dividend on stoch
of eight per cent, and any excess OF proht'
over that amount shall be apportioned and
paid to the common stock up to eight pc
cent. Any excess, after apportlonIng dlvl
dends aforesaid, shall be divided and appor
.ioned equally between the two classes o
stock.
Article VIII-All the corporate powers o
this corporation shall be vested in and exer
Used by, Board Of Directors, 10 be electe'
annually, composed of not less than three
nor more than eleven members, who shall
be bona hde owners Of common stock stand
ing in their names, unpledged and unincum
bered.
A majority of the said board shall consti
tute a quorum for the transaction OF busi
ness.
Until the first Monday in October, 1911
he following named persons shall constltut
the Board Of Directors OF this corporation
,o-wit: Samuel J. Hart, w. A. Bisso, Ere
A. Earhart, H. w. Robinson, D. A. Capdar
all of New Orleans.
All elections shall be by ballot, and sue
holder of common stock shall be entitled I
me vote for each share of said stock stand
ng in his name on the books of the corpora
ion, the vote to be cast in person, or b
proxy; it shall require majority OF stoc
present or represented to elect
Failure to elect a board on the first Mon
day of October, 1918, or at any other tim
thereafter, shall not work forfeiture Q
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 cor
sist of 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 ana IN
same person. Until the election in 1918 tn
following persons shall constitute the oflcer
Of said corporation: Samuel J. Hart, IRE:
ident w. A. Bisso, Vice-President, +.
Earhart, Sec-stary-Treasurer.
Article IX-Stockholders' meetings, othe
than that for elections annually OF member
of the board. may be held whenever ordere
by the Board of Directors, or requested
IS per cent of the outstanding stock, con
mon and preferred.
Notice of such meetings shall be given !
he manner required by law by personal NJ
tice 10 each stakeholder by depositing i
the mails, properly addressed, written notit
| of the meeting also that each stockholdt
| shall have al least Is days notice thereo
Stockholders may, however, waive write
notice and appear in person or by proxy.
Article X-This charter may be amende
| r,odihed or altered with the consent OF tw
thirds of the amount OF common STOCK pig
| ent or repre- scented, at any general meetif
| Of said corporation convened tor sucn pu
| pose after due notice as hereinbetore pr
| vided for. ANY and all meetings OF
| stockholders, whether for the purpose
i liquidation or for any other purpose ma
be held at any time without notice by una
| imous consent of all stockholders, an "riN'
| filed with the Secretary.
| Article XI.-This corporation may be di
| solved and its affairs liquidated whenev
| in the Judgment of the majority OF the who
| BOARD of Directors il shall be deemed advi
| able. If ratified by two-thirds vote OF
| stockholders; or by the consent. IN writin
Of all of the outstanding stock, IN whi
event no meeting shall be necessary. .
Whenever this corporation is dissolved
anv cause, its affairs shall be liquidat
| Nd, the superintendence of three