The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-04
CHARTER.
ACT NO. -, NOVEMBER Is, 1919.
ACT OF INCORPORATION OF THE
FEDERAL TAN SERVICE AND
AUDIT BUREAU, INC.

United States of America, State of Louis
lana. Parish of Orleans, City of New Or
leans. BE it known. that on this 18th
day of the month of November, in the
year of our Lord, one thousand, nine
hundred and nineteen (9l9), and of the
Independence of the United States of
America, the one hundred and forty
fourth, before me, James Clark Henri
ques, notary public, duly commissioned
and qualified, i'll and for the Parish Of
Orleans, State of Louisiana, therein re
siding, personally came and appeared the
persons whose names are hereunto sub
scrihed, who declared that ayailing them
selves of the provisions of the laws of
this State relative to the organization of
corporations, and more particularly of
Act No. POI, of the General Assembly Of
this State approved July .. 1914, they
have convenanted and agreed, and do by
these presents covenant and agree bind
form and constitute themselves, as we'll
as such persons who may hereafter join
or become associated with them, into Il
corporation and body polite in law, Tor
the objects and purposes and under the
agreements and stipulationS following to-
wit:
ARTICLE 1.-The name and style of
this corporation shall be The Federal
Tax Service X Audit Bureau, incorporated,
and under that name ii shall have and en-
joy all the rights advantages and priyi-
lcgeS granted by law to corporations; II
shall exist for period of nine nine years
to contract, sue and be sued in its cor
porate name; to make and use a cor
porate seal, and the same to break or
alter at its pleasure. To have and employ
such managers, directors, officers, agents
and other employees AS the interest and
convenience of said corporation may re-
Quire or demand; to make and establish
such bylaws, rules and regulations iOr
the corporate management and control OF
the affairs of the corporation as may be
deemed necessary, convenient and eXpedi-
ent.
ARTICLE 1.-THE domicile of this cor
/ poratiOn shall be in the City of New
, Orleans State of Louisiana, and all eta
tons and other legal process shall be
served on the President, or i'll his absence
on the Vice President.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
gained and the nature of the business to
be carried on by II, are hereby declared to
be as follows, tO-wit:
To engage in the business of prepara-
ton Of Federal Tax Returns, Claims for
Refund and Abatement; Internal Revenue
Matters, Installation of Accounting Sys-
| tens, Auditing and Investigating Books of
Individuals, Co-Partnerships and Corpora
lions, and generally to do and perform
any thing or act necessary, convenient or
proper for the carrying into effect the
above named objects and purposes.
| ARTICLE w. The capital stock or
this corporation is fixed at the sum of
ten thousand dollars $50. O00OO), divided
into one hundred QOO shares OF the par
value of one hundred dollars (s1OO.OOl
each. All shares Of stock shall be full paid
and non assessable.
Said stock shall be paid for in cash, or
the same may be issued, at not less than
par, for labor done or for services rem
dered to the said corporation, or for prop
erty or rights actually received by said
corporation.
This corporation shall have the right to
tnl 1fA thn I'm ri hnr
sum Of thirty thousand dollars $3.50, 900. OO)
or any part thereof, to be divided into
shares Of one hundred dollars ($10O.0Ol
each, provided said increase in capital
stock shall have been authorized by the
stockholders at a meeting held pursuant to
the provisions of law.
This corporation shall be and become a
J going concern when fifty 500 per cent of
| its stock shall have been subscribed.
| ARTICLE V.-All the corporate powers
of this corporation shall be vested in, and
| exercised by, a Board of Directors COM
| posed Of three stockholders, majority of
| whom shall constitute quorum for the
| transaction of all business.
The Directors shall be elected annually
by ballot, by the stockholders, on the first
Tuesday Of January in each year:
The first Board Of Directors of this
| corporation shall consist of John A.
| Maught, L. f. Schenck and G. f. Young
man, whose post Office addresses are New
| Orleans, La, with John A. Maught as
President and Treasurer; l.. r. Schenck as
vice-President and C. f.. Youngman as
election or until their successors have
| been duly elected and qualified.
No failure to elect Directors shall be re-
garded as a forfeiture of this Charter.
Any vacancy occurring on said Board
| Of Directors shall be filled within ten days
at a meeting Of the stockholders called
Said Board Of Directors shall have the