The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.
CHARTER OF COMMERCIAL CREDIT
COMPANY, INC.

COMPANY, INC.
| United Stats of America State Of Louis
| lana, Parish of Orleans, City of New Or.
| leans. Be il known that on this 9TH day
of the month of January, in the year OF
| our Lord, one thousand. nine hundred
| and twenty, and of the Independence OF
| the United States of America, the one
hundred and forty Fourth; before me, Al.
| fred Charles Hammer, a notary public
duly commissioned, sworn and qualified
| in and for the Parish of Orleans, State
| Of Louisiana, aforesaid, and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed, who seyerally de-
clared that, availing themselves of the
provisions of the laws of the State OF
Louisiana in such cases made and pro-
vided, they have covenanted and agreed
and do by these presents covenant agree
and bind themselves, as we'll as all such
persons as may hereafter become associ-
ated with them, to form a corporation for
the objects and purposes and under the
articles and stipulations following, TO-
wit:
ARTICLE 1.-The name of this corpora
ton shall be Commercial Credit Com
pany, Inc" and under its said corporate
name 1t shall have power and authority to
have and enjoy corporate existence and
succession for the full term and period of
ninety nine years from and after the date
hereof; to contract, sue and be sued to
make and use corporate seal and the
same to break or alter at pleasure; to hold,
receive, lease, purchase and convey, as
well as mortgage and hypothecate prop
erty, real, personal and mixed as well as
corporal and incorpOreal; to own and
hold stocks and bonds of other corpora
tions; to name and appoint such man
ayers, agents, directors and officers as its
business interests or convenience may re-
quire; and to make and establish, as well
as alter and amend, from time to time,
nah hW~ lnNnT alAs .lne.
the proper conduct, management and regu-
latiOn of the affairs of said corporation
as may be necessary and proper.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
leans. State of Louisiana, and all citations
or other legal process shall be served
upon the President of said corporation or
in the event Of his absence, upon one of
the Vice Presidents thereof, or, in the alb
sence of said officers, upon the Secretary
of said corporation.
ARTICLE III.-The objects and pur-
poses for which this corporation is or
ganized and established and the nature
of the business to be carried on by it are
hereby declared to be:
% To buy, discount or otherwise &C
quire, hold, own. invest in, deal in, accept
guarantee, endorse, and to sell, assign,
mortgage, pledge, exchange have dis
counted and otherwise deal with or dis
pose of, upon such terms and for such
consideration, whether for cash or for
other securities as the corporation may
deem proper, shares of stock, participa-
ton shares, trust certificates, certificates
of interest, bonds or securities of corpora
tons, trusts, trustees, or association, in
whatsoever business engaged, commercial
paper, commercial securities, promissory
notes, participation certificates, leases
mortgages conditional sales, open accounts
receivable, book debts and claims, accept
ances, drafts, foreign and domestic bills of
exchange and bills of lading, finance bills
r.Ahn fntl AfWaNG
rants, contracts and chooses in action of
every kind and description, whether is
sued, made or owned by, or existing in
favor of, or against, individuals, corpora
tons, associations, trusts or trustees
either with or without recourse.
(2) To make loans or advances to any
person, firm, corporation, or association
OF any monies or other valuable things
without collateral security or to take as
collateral security for the payment of any
such loans or advances, shares of stock
participation shares, trust certificates, GER
tihcates of interest, bonds or securities of
corporations, trust, trustees, or associa-
tions in whatsoever business engaged, com
mercial securities, promissary notes, par
'ticipation certificates, leases, mortgages,
conditional sales, open accounts receivable
book debts and claims, foreign and do
nestle bills of exchange, acceptances
drafts, bills of lading, finance bills, ware
house receipts, trust receipts, warrants,
contracts, merchandise, real and personal
property and chooses in action of every
kind or description, whether issued, made,
owned or possessed by, or existing in
favor of or against individuals, corpora
tons, associations, trusts or trustees,
either with or without recourse, either by
assignment or in such manner as the cor
poration may desire: to grant procure,
extend and guarantee credits. loans and
investments and TO endorse or otherwise
assure and guarantee the payment and re-
payment thereof, with or without collateral
GsafaINr af md onNa sA.r
wise for the securing Orleans and invest
ments and the financing thereof.
go To become guarantor and surety
upon letters of credit, bank credits, open
accounts, acceptances, drafts, notes, for
eign and domestic bills of exchange; to
act as brokers, factors, agents, trustees,
managers, and attorneys in fact and as
organizers and reorganizers of enterprises
requiring financing.
az To aid in any lawful manner any
person, firm. association or corporation of
which the bonds, stocks or other securities
or evidences of indebtedness are held by
this corporation, and to do any and all
lawful acts or things designed to protect,
preserve, improve or enhance the value OF
any such stocks, bonds, securities or evil
dences of Indebtedness to guarantee divi-
dends on any shares of the capital stock
of any corporation in which this corpora.
ton at any time may have an interest as
stakeholder and to endorse and otherwise
guarantee the principal and interest OF
notes, bonds or other evidences of in
created or to be created by
any such corporation.
90 To draw, make, accept, endorse,
execute, issue and have discounted prom
issory notes, bills of exchange, warrants
and other negotiable or transferable in
struments.
49, To issue bonds, debentures, collat-
eral trust notes, participation certificates
or other obligations Of this corporation
from time to time for any of the objects
or purposes Of the corporation, and to Sc
cure the same by mortgage, pledge, deed
of trust or otherwise.
"a To maintain an auditing, account
ing, credit, collection, financial and legal
department.
(S) To act as agent for insurance COM
panies in soliciting and receiving applica-
tons for fire, theft, conversion, collision,
plate glass, boiler, elevator, ac-
cident, health, burglary, rent, marine
credit, and life insurance, and all other
kinds Of insurance, the collection of prem
iums, and doing such other bushes as
may be delegated to agents by such COM
panies, and to conduct a general insur.
ance agency and insurance brokerage bust
ness, and 10 act as agent for those de-
string to procure insurance.
90 To manufacture, purchase or other
wise acquire, to hold, own, sell. assign,
mortgage, pledge, exchange, use,
lease, rent or otherwise dispose of, to in
vest, trade, deal in and deal with goods,
wares and merchandise and real and per-
sonal property of every class and de-
scription, and in particular lands, build
concerns and undertakings, notes, mort
cages, guarantees, shares, stocks, bonds,
tebentures, securities, concessions, produce, |
policies, and any interest in real or per