The herald. [volume] (New Orleans, La.) 1905-1953, 1919-05-15
CHARTER

par value of One Hundred Dollars $4,000,
each. The capital stock may be increased
up to the sum of Five Hundred Thousand
| Dollars (S50O.OO0O).
| ARTICLE V.-This corporation shall be
come a going concern and shall be author
Thousand Dollars ($5.OOOOO) of its capital
stock shall have been paid for, either IN
cash of its equivalent, as 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
| tioE subject TO such rules and regulations as
| may be by the Board Of Directors from time
| TO time prescribed.
| ARTICLE VI.-All corporate powers OF
| this corporation shall be vested in and eN-
ertised by a Board of Directors composed
| of not less than three CD 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 the first
Monday of April of each year after date
hereof, the first election to be held in 1870.
The first Board of Directors shall, be com
posed of four ca Directors. follows: Mr..
Adolph Spitzfaden, j., 5l8 Pelican Ave,
PIP Lowerline S., New Orleans, La; Mr..
Clarence II. Colgin, 43O7 Carrolton
Ave, New Orleans, La, MI Lever
ing Moore, 5l4 Walnut ST, New Or
leans, La; with Mr.. lowering Moore as
President, Mr.. Adolph Spitzfaden. Jr, Vice
President, and Mr. Clarence II. Colgn, Sec
rotary Treasurer. The aforesaid Directors
shall hold their office until tie first Monday
of April, 1920, 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 the
Board of Directors may from time 10 time
promulgate. Notice of meetings of stock
holders, regular or special except as other
wise herein provided except as otherwise
required by law, shall consist of notice sent
in writing to each stakeholder at his last
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
entitled to 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
the date specified shall not dissolve the cor
poration but the directors shall remain in
office until their successors elected and
qualified.
The Board of Directors at their first meet
ing following the annual election shall elect
from their number a President a Vice Presi-
dent and a Secretary Treasurer The Board
shall have the power to unite two more
offices and the same TO confer upon 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 directors meetings, may be
waived by the written or telegraphic consent
of the stakeholder director.
ARTICLE VII.-Whenever this corpora
ton shall be dissolved or lquidated its
affairs shall be liquidated by three CD stock
holders, elected by the stockholders at
meeting called for that purpose. This cor
poration may be lquidated at any time on
a vote of two-thirds of the outstanding
stock voting to that effect. In the event
of the death of any liquidator, the surviving
liquidator shall have the right to elect an
other, but pending such election the survv-
ing lqudators shall have full right and au-
thorty TO act in all matters
ARTICLE VIII.-This act Of Incorporation
may be modified, altered amended in the
manner provided by law at any meeting of
stockholders, whether the same be regu-
lar meeting or special meeting dlter pre-
vious notice shall have been sent as here
inabove provided (unless the same shall
have been waived), to the last known adj
dress of each stakeholder at least fifteen
days prior TO the meeting and after publ
cation at least once a week FOR two weeks
in a daily newspaper in New Orleans, Louis
lana. Any increase or decrease of the capt
tai stock of this corporation, except as here
in otherwise provided, shall be made in &C
cOrdance with the law governing such mat
tiers.
ARTICLE IX.-No stakeholder shall be
liable or responsible for the acts, omissions,
or contracts Of the corporation of its Of
ficers in any sum other than the unpaid
balance due on the shares of stock owned
by him, nor shall any mere informality in
organization have the effect of rendering
this charter void or of exposing any stock
holder to any liability in excess of the
amount due his stock; and in order that
this charter may serve as the original sub
scription list, the subscribers hereto have
indicated opposite their respective sigma
lures the number of shares of stock sub
scribed for by each of them.
Thus done and passed in my office, in the
City of New Orleans Louisiana. in the pres
ence of Walter J. Sutton, Jr., and Laurence
Ruel, competent witnesses, residing in this
city, who have hereunto signed their names
with said appearers and me, Notary, after
due reading of the whole
Witnesses: Walter J. Suthon, Jr., Laurence
Ruel.
Names of subscribers omitted
New Orleans, La, April p, 1919.
WATTS X. LEVERICH,
Notary Public
I, the undersigned. Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana, do hereby certify that the Act of
Incorporation of the Collection Company, Inc,
was this day duly recorded in my office, in
Book 1928, Folio -.