The herald., 1920-11-11
CHARTER
CHARTER OF THE SURETY CREDIT
co. INC.

CHARTER OF THE SURETY CREDIT
CO. NC.
STATE of Louisiana. Parish %. orleans.
CITY oC New orleans Br 10 known. that
ON This. the tyyruty-~iNrh day of IA" month
of October. in the year or our Lord. uin".
teen hundred and twenty. before me-.
Charles S'hn,Idau. a notary public. duIN
commissioned and gUaIIurs. in and for
m" Parish and State aforesaid. therein
residing. ana in the prr>ruc" of ia" Wit
a .~~r> hereinafter named aud under
signed personally came and appeared Ia"
persons whose names are her'Uuto sub
>orib,d. all of the fun age OF majority and
residents Of this city. who sevrrally d".
clarrd that 3vailing themselves of I'll"
provisions of the Act OF the Legislator"
of this state, being known As Act No. 20
% Session Acts of 1914. they do. 10y th"s"
presents. covenant and agree and bind
themselves, we'll as all such othc- pr
sons Us may become hereafter associated
with them. in order. To form and 'OH>tI-
tutr q corporation or body polite IN law.
for the objects and purposes. aud under
the supulItIonS following to-wit.
ARTICLE The name and It'll, Of this
corporation shall be surety Credit 90.
Inc. of New Orleans. La, and il shall
hay" and enjoy succession and eNi~t"uc"
for a period of ninety nine years from
date hereof. II shall have. enjoy ana
possess all the powers. rights and priv
! lrgcS and immunitie~ accorded to cor
porationS under the law.
/ AHTICI T. 1.-THE domirilr OF this ror
.
! leans, state of Louisiana. wH'r" all 'i'a-
/ tionS aud other legal processes shall be
served on its regular officers according To
! law.
ARTICLE III--The objects and pur-
/ poses for which this corporation i or
ganizcd and the nature Of the business to
/ be carried on by it. are hereby declared
| to be. To loan money on personal prop
erty, or real estate; also to buy. sell and
deal in notes. loans. bonds, stocks. So
ion Ri ms m of arv ind NRsffh
| full power TO borrow such moneys as il
/ may require for the purpose o. its bust
ness; to buy and sell any Kind of prop
| eTty. either real or personal. to conduct
| business of the aforesaid character in
any State in the United States
! ARTICLE IV.-Thc capital stock Of this
| corporation is hereby declared to be the
sum of one hundred and twenty-five CS12j.-
lively" thousand. five hundred 0250Ol
| shares of common stock. Of the par value
| Of ten dollars $1,000 each.
The capital stock in this corporation
may he increased TO five hundred thous-
and lSJOOO00l dollars. the said increase Of
! tire" hundred Srventy-tivr thousand
| tS@I5ooOl dollars to consist of thirty -Scven
! thousand, five hundred t31 800 shares of
common stock Of the par value Of ten
! $1,000 dollars each.
ARTICLE VI. The corporate powers
Of this corporation shall be- vested in a
Board of Directors which will consist OF
fifteen and they will be- elected by tn,
stockholders at a general meeting held on
the second Tuesday in January of cacl
year.
.. The Board of Directors shall have m,
power to make all bylaws, rules and
, regulations necessary for the conduct nj
the business affairs of said corporation
and shall elect from their number a Presi
dent, three Vice Presidents Sccretar,
and Treasurer.
ARTICLE VI.-The first Board Of hi
re"torS and officers shall serve for on.
year from date or until their successor
are duly elected. They shall be: Ferd
uand MoutOn. of Lafayette. La Prcsi
dent who hereby Subscribes for on,
share. FREDERICK Wilbert, Of Plaqueminc
, / La First Nice-PreSident who hereby sub
sCrihcs for one share; j. l.. Dautzlcr o
, New Orleans. La, who hereby subscribe
) for one share; +. J. Wagucspack. o
Mount Airy. La. Secretary who bcrrb,
Of New Orleans La, Vice President an,
Director who hereby subscribes for on
r share; \. +. Commagcre, of New Orleans
La. Nice-P President and Director. VIII,
hereby subscribes for one share: Judr
I Robert II. Mari. Of New Orleans. La. n
: tornoy and Director. who hereby sub
[ SCrlheS for one share.
Thus done and passed at nv Office
! | in the City of New Orleans on the DAT
hrSt above written in the presence o
Miss Anna Naumann and Miss Rita Mack
! competent witnesses. who have hcreuut,
signed their names with the said appcarpr
: and me, Notary, after due reading of tn
whole.
ORIGINAL SIGNED:
Frederic Wilbert. Fernand MoutOn T. ]
Maguespack, J. l.. Dantzlcr. Robert II
Mari, \. +. COmmagere &. J. Ducote
Witnesses: Anna Naumann. Rita Mack
CHARLES SCHNEIDAIr
} Notary Public.
/. the undersigned, Recorder of Mort
J cages, in and for the Parish of Orleans
E state of Louisiana, do hereby certify tina
5 the above and foregoing Act of Incorpora
| ton Of the Surety Credit Company Inc
! was this day duly recorded in my ofTic
! In Book l2i6. folio 49S. New Orleans. La
p October -. 1920.
, tSIGNEDl NJ T. DIM Rec
y true copy.
CHARLES SCHNEIDAI-.
Notary Public.
Nov. & Dec. o