The herald., 1920-12-02
CHARTER.
CHARTER OF THE SURETY CREDIT
co, INC.

co. INC.
State of Louisiana, Parish % Orleans.
city of New Orleans Br it known, that
on this. the twruty-SiNth day Of the month
Of October. in the year Of our Lord. nine
teen hundred and twenty; before me
Charles Schucidau, notary public. dlIy
commissioned and qualified, in and Tor
the Parish and State aforesaid, therein
residing. and in the presence Of the Wit
I.'SScS hereinafter named and under
signed. personally came and appeared the
persons whose names are h"r"unto sub
scrihrd. all of the full age OF majority and
residents of this city. who SevcrallE de
,larcd that. availing themselves of the
provisions of the Act Of tn" Legislature
of this state. being known as Act No. 261
o. Session Acts of 1914. they do, 10y rh"S"
presents covenant and agree aud bind
themselves. as well as all such oth"7 per
sons as may become hereafter associated
with them. in order. to form and ,On>ti-
! tIte corporation or body polite in law,
for the objects and purposes, aud under
| the StipulatiOnS following to-wit.
! ARTICLE 1.-The name and title of this
corporation shall be Surety Credit Co.
/ Inc. of New Orleans. La, and il shall
have and enjoy succession and eNiStcnc"
/ for period of ninety nine years from
| date hereof. 1t shall have, enjoy and
possess all the powers, rights and priv
/ lrgeS and immunities accorded to cor
/ porations under the law.
| ARTICLE 1.-THE domicilc OF this cor
| poration shall be in the City OF New or
! leans, State Of Louisiana. waer~ all 'ita-
| tions and other legal processes shall be
served on its regular officers according TO
/ ARTICLE III-The objects and pur-
poses for which this cOrpOr ition is or
/ ganiZed and the nature of the business to
| be carried on by II. 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
| CuritirS or investments of any Kind with
/ full power to borrow such moneys rs it
! may require for the purpose o. its bust
ness; to buy and sell any kind of prop
| erty, either real or personal: to conduct
| business of the aforesaid character in
any State in the United States
ARTICLE IN.-The capital stock Of this
corporation is hereby declared ia be the
] sum of one hundred and twenty-five (SI2J.-
10000 thousand dollars. divided into
twelve thousand. five hundred az, 500
shares of common stock. of the par value
of ten dollars $4,000 each.
The capital stock in this corporation
may he increased TO five hundred thous.
and tSJOO.OOO) dollars. the said increase OF
three hundred Seventy-fve thousand
thousand. five hundred (37.5OO) shares OF
common stock of the par value OF ten
$1,000 dollars each.
ARTICLE VI. The corporate power,
of this corporation shall be vested in 8
Board of Directors which will consist OF
not less than seven and not more thar
: fifteen and they will be elected by tn,
| stockholders at a general meeting held on
the second Tuesday in January of eacl
year.
. The Board of Directors shall have III,
power to make all bylaws. rules anC
regulations necessary for the conduct a
the business affairs of said corporation
and shall elect from their number. a Presi
P dent, three Vice Presidents, a Secretar,
and a Treasurer.
ARTICLE VI.-The first Board Of hi
5 rectOrs and officers shall serve for on
e year from date or until their successor
: are duly elected. They shall be: Ferd
I nand MoutOn. of Lafayette. La, Presi
1 dent. who hereby subscribes for on
e share: Frederick Wilbert. of Pla0uemin,
La. First Nice-President, who hereby sub
ScriDes for one share: J. l.. Dantzler. o
r Mount Airy. La. Secretary. who hereb
Q SubScribes for one share; c. J. Ducot,
: of New Orleans. La Vice President an
Y Director, who hereby subscribes for on
: share; y +. COmmagere, of New Orlean,
l. La. Vice President and Director, VIII
hereby Subscribes for one share; JudG
l. torney and Director. who hereby sui
y ScribeS for one share.
Il Thus done and passed. at my offic
e in the City of New Orleans, on the dat
I first above written in the presence {
z Miss Anna Naumann and Miss Rita Macl
II competent witnesses. who have hpreunt
signed their names with the said appearer
n whole.
: ORIGINALS SIGNED:
IT Frederic Wilbert, Fernand MOuton. F.
o Waguespack, j. L. Dantzler, Robert 1
: Mari. ~ +. COmmagerc c. J. Ducote
/. Witnesses: Anna Naumann, Rita Mac
d CHARLES SCHNEIDAT
/ Notary Public.
= i. the undersigned. Recorder of Nor
~ cages, in and for the Parish of Orlean
n state of Louisiana, do hereby certify tn,
the above and foregoing Act of IncOrpor;
n ton of the Surety Credit Company, Inc
ie was this day duly recorded in my Off
Is In Book 1916, folio 49S. New Orleans, La
II October %. 1920.
II (SIGNED) NJ J. OHM Rec
IF true copy.
~ CHARLES SCHNEIDAU.
= Notary Public