The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-22
CHARTERS.
CHARTER OF COLLECTION COMPANY,
INC.

United States of America, State of Louis.
lana, Parish of Orleans, City of New Or.
leans. Be il known, that this 10Th day
of the month OF April, in the year OF our
Lord, One Thousand Nine Hundred and
Nineteen Q9l9), before me, Watts X. Lev.
erich, a Notary Public, duly commissioned
and qualified in and for the Parish of Or.
leans, State of Louisiana, and in the presence
of the witnesses hereinafter named and un
dersigned, personally came and appeared the
several persons whose names are hereuntc
subscribed, who severally declared that avail.
ing themselves of the provisions of the laws
OF this State relating to the organization OF
corporations, they have contracted and agreed
and do by these presents contract and agree
and bind and oblige themselves, as well as
such persons as may become associated with
them, to form themselves into and to con.
sttute a corporate body polite in law with
the objects and purposes and under the
conditions and stipulations of the following
articles, tO-wit:
ARTICLE 1.-The name or this corporation
shall be Collection Company, Inc, and un'
der its corporate name it shall enjoy sue.
cession for the period of ninety years
from date hereof, unless sooner dissolved by
liquidation or otherwise, and shall have
power and authority TO contract, to sue and
be sued; to make mortgages, hypothecations
and pledges, to make and use a corporate
seal and to alter and break same at plea
sure; to hold, receive, lease, purchase, sell,
transfer, assign, nypOlHeCdlt, piSuSc
or otherwise receive, use or dispose OF prop
erty, zeal. personal or mixed, cOrporeal and
incorporeal; to issue bonds and to secure
the same by mortgage or pledge; to buy
and hold or dispose of stock in other COM
panies, to acquire retire reissue its
own stock; to create and accept mortgages,
pledges other hypothecations; to elect and
appoint suNh managers, agents, directors or
officers as it may require; to make and es-
tablish, alter and amend, rules, bylaws and
regulations for its proper government.
ARTICLE 1.-THE domicle of this corpo-
ration shall be in the City of New Orleans,
Parish of Orleans, State of Louisiana. and
citation and other legal process shall be
served upon the President of the corporation,
and in the event of his absence, shall be
served upon the Vice President of the cor
poration, and in the event of the absence of
both the President and Vice President, shall
be served on the Secretary Treasurer of the
corporation.
for which this corporation is created and or
ganized, and the nature Of the business to
be carried on by it are declared to be as
follows: To deal in, buy and sell, as
principal or agent, real estate and lands,
improved and unimproved, and to improve
the same; to buy otherwise acquire. and
to sell or otherwise ALLEVIATE, and to en-
cumber, pledge and hypothecate mortgages.
mortgage notes, other notes, bonds, and all
other classes of securities, and to borrow
anu lcuu 1HOncy OH property, real anu per
sonal, notes, stock, other securities; to
lease, rent, or hire property as agent or trus-
tee or holding company for individuals, firms
or corporations, or for its own account, and
to do any and all things necessary and
proper, incidental or pertinent to the pow
ers herein set forth and to the business
hereby authorized, provided that said Com.
pany shall not engage in the business OF
stock jobbing
ARTICLE Iv-The corporate stock of
AT fo INV red at he
of Five Thousand Dollars (s5OOO.0O), divided
into and represented by fifty $50 shares OF
a par value of One Hundred Dollars $4,000
each. The capital stock may be increased
Dollars CsS00,o00.00).
ARTICLE V.-This corporation shall be-
come a going concern and shall be author
lied to commence business soon Five
Thousand Dollars (ss,0O00O) of its capital
stock shall have been paid for, either in
cash of its equivalent, provided by law.
All certificates of stock issued by this Com
pany shall be signed by the President, OF
by the Vice-President of the Company, and
countersigned by the Secretary of the Com
pany. The stock of this corporation can be
transferred only on the books of the corpora
tioI subject to such rules and regulations as
may be by the Board Of Directors from time
TO time prescribed.
this corporation shall be vested in and ex-
ercised by Board of Directors composed
of not less than three 90 and not more than
seven % stockholders. A majority of the
Directors shall constitute quorum for the
transaction of business. Said Directors may
vote in person or by proxy, written or tele-
graphed, at any and all meetings of direc
tors, regular or special. The Board of Di-
rectors shall be elected annually on the first
MONDAY OF April OF each year after date
hereof, the first election to be held in 1920.
The first Board of Directors shall, be com
posed OF four 90 Directors, as follows: Mr..
Adoiph .Spitzfaden, yr, SIS Pelican Ave,
New Orleans, La; Mr.. Charles w. Hogan,
2l2 Lowerline ST., New Orleans, La; Mr..
Ave, New Orleans, La, Mr.. Lever.
ing Moore, sl4 Walnut St, New Or
leans, La; with Mr.. lowering Moore as
President, Mr.. Adolph Spitzfaden. Jr.. Vice
President, and Mr.. Clarence II. Colgin, Sec
fetary. treasurer. The aforesaid Directors
shall hold their office until the first Monday
OF April, 1910. or until successors are elected
and qualified.
All elections of directors shall be by bal
lot at the office Of the corporation, under
the supervision of the Board of Directors,
under such rules and regulations as the
Board of Directors may from time to time
promulgate. Notice of meetings of stock.
holders, regular special except as other.
wise herein provided or except as otherwise
required by law. shall consist of notice sent
in writing to each stakeholder at his last
known address, as il appears on the books
of the corporation, fifteen days prior TO the
date OF the meeting. In case of failure OF
any stakeholder TO designate an address
his notice shall be addressed In his name.
care of General Delivery, New Orleans,
Louisiana. Each stakeholder at the annual
or other regular or special meeting shall be
entitled 10 one vote for each share of stock
owned by him, and the vote of any stock
holder at any meeting may be cast by writ
ten proxy. Should a vacancy occur in the
Board of Directors same shall be filled by
the remaining directors by the election, for
the unexpired term, of a stakeholder having
the qualifications provided by the charter
and bylaws. Failure to elect directors on
the date specified shall mot dissolve the cor.
poration but the directors shall remain in
office until their successors are elected and
qualified.
The Board of Directors at their first meet
ing following the annual election shall elect
from their number President Vice-Presi-
dent and a Secretary Treasurer. The Board
shall have the power to unite two or more
offices and the same to confer upon one per
son. The Board Of Directors may elect, bu.
not necessarily from their number, such of
ficers and agents as to them seem advisable.
All notice provided for. whether to stock
holders or directors meetings, may be
waived by the written or telegraphic consent
OF the stakeholder or director
ARTICLE VII.-Whenever this corpora
ton shall be dissolved or liquidated. its
affairs shall be lquidated by three 90 stock
holders, elected by the stockholders at
meeting called for that purpose. This cor
poration may be liquidated at any time on
q vote Of two.thirds of the outstanding