The herald. [volume] (New Orleans, La.) 1905-1953, 1919-12-18
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 il known. that on this 18th
day of the month of November, in the
year of our Lord, one thousand. nine
hundred and nineteen Q919J, and of the
Independence OF the United States of
America, the one hundred and forty
fourth, before me, James Clark Henri
qucS, 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
>Cribsd, who declared that awaiting them
selves of the provisions of the laws OF
this state relative to the organization OF
corporations, ana more particularly of
Act No. 26I, Of the General Assembly Of
this State. approved July ., 1911. they
have Convcnauted and agreed, and do by
these presents covenant and agree, bind.
form and constitute themselves, as well
as such persons who may hereafter join.
or become associated with them, into
corporation and body polite i'll law, Tor
the objects and purposes and under the
agreements and stipulations following to
Wit:
ARTICLE 1.-The name ana style OF
this corporation shall be- The Federal
Tax Service X Audit Bureau, Incorporated,
and under that name it shall have and en-
JOY all the rights advantages and priyi-
lvGeS granted by law TO corporations; IT
shall exist for Il period of nine nine years
from this date; it shall have the power
to contract sue and be sued in its Tor
pOrate name. to make and use 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 rs the interest and
convenience OF said corporation may re
/ quire or demand to make and establish
! such by laws, rules and regulations ior
| the corporate management and control of
| the affairs of the corporation as may be
/ deemed necessary, convenient and CNpedl-
! ent.
| ARTICLE 1.-THE domicile of this cor
l pOratiOn shall be in the City of New
d Orleans. State of Louisiana, and all eta
tons and other legal process shall be
served on the President, or in his absence
/ OH the Vice President.
| ARTICLE III-The objects and pur-
| poses for which this corporation is or
/ ganiZed, 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 prepare
| 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-PartnprShipS and Corpora
| tiOnS, 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 " The capital stock of
]
! ten thousand dollars (Sl0O00.OOD, divided
/ into one hundred (lOOD shares of the par
value of one hundred dollars C$l00.00)
! 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
| increase its capital stock up to the further
! sum of thirty thousand dollars (S30,OO0OO)
| or any part thereof, to be divided into
| shares of one hundred dollars ($100.O0)
each, provided said increase in capital
| stock shall have been authorized by the
stockholders ut a meeting held pursuant to
| the provisions of law.
This corporation shall be and become {:
going concern when fifty 600 per cent %
its stock shall have been subscribed.
ARTICLE V.-All the corporate power!
of this corporation shall be vested in, ant
exercised by, Board of Directors com
posed of three stockholders, majority o
whom shall constitute a quorum for thu
transaction of all business.
The Directors shall be elected annual!
by ballot, by the stockholders, on the frs
Tuesday of January in each year
The first Board of Directors of thi
! corporation shall consist of John a
Maught. l.. L. Schenck and G. F. Young
: man. whose post office addresses are New
Orleans La. with John A. Maught n
: President and Treasurer; l.. f. Schenck a
Vice President and c. f. Ioungman a
= Secretary, to serve until the next annua
election or until their successors hav
been duly elected and qualified
E No failure to elect Directors shall be re
! garded as a forfeiture of this Charter.
Any vacancy occurring on said Boar
| of Directors shall be filled within ten day
at a meeting of the stockholders calle
for that purpose.
( Said Board of Directors shall have tn