The herald., 1920-01-08
CHARTER.
ACT OF INCORPORATION OF THE
FEDERAL TAX SERVICE AND
AUDIT BUREAU, INC.

United States Of America, State of Louis
lana, Parish Of Orleans, City Of New Or
| leans. Be II known, that on this 18th
day of the month of November, in the
year of our Lord, one thousand, nine
hundred and nineteen Q9l9), and of the
Independence of the United States Of
America, the one hundred and forty
fourth, before me, james Clark Henri
ques, notary public, duly commissioned
and qualified, in and for the Parish of
Orleans, State of Louisiana, therein re-
siding, personally came and appeared the
persons whose names are hereunto sub
scribed, who declared that avaiIing them
selves of the provisions of the laws of
this State relative to the organization of
corporations, and more particularly of
Act No. 267, of the General Assembly of
this State. approved July o, 1914, they
have cOnvenanted 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 a
corporation and body polite in law, for
| the objects and purposes and under the
agreements and stipulations following to-
wit:
ARTICLE 1.-The name and style of
this corporation shall be The Federal
Tax Service x Audit Bureau, Incorporated
and under that name IL shall have and en-
JOY all the rights, advantages and privi-
leges granted by law to corporations; 1t
shall exist for a period of nine nine years
| from this date; it shall have the power
| to contract sue and be sued in its cor
porate name; to make and use Il 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 as the interest and
convenience of said corporation may re-
quire or demand; to make and establish
such bylaws, rules and regulations for
| the corporate management and control of
| the affairs of the corporation as may be
deemed necessary, convenient and expedi-
| ent.
ARTICLE 1.-THE domicile of this cor
pOration shall be in the City of New
Orleans, State of Louisiana, and all cita-
lions and other legal process shall be
served on the President, or in his absence
on 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 IL, are hereby declared q
be as follows, t0-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-Partnerships and Corpora
lions, and generally to do and perform
any thing or act necessary, convenient OF
proper for the carrying into effect the
above named objects and purposes.
ARTICLE " The capital stock OF
II
ten thousand dollars (s1OOO0.OO), divided
into one hundred (100) shares OF the par
value Of one hundred dollars ($10O00)
each. All shares Of stock shall be full paid
and nom assessable.
Said stock shall be paid for in cash, OF
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 $3.50. 100000,
or any part thereof. to be divided into
shares of one hundred dollars ($1OO.0O)
each, provided said increase in capital
! stock shall have been authorized by the
stockholders at a meeting held pursuant to
| the provisions of law.
| This corporation shall be and become a
going concern when fifty 500 per cent of
its stock shall have been subscribed.
| ARTICLE y.-All the corporate powers
Of this corporation shall be vested in, and
exercised by, Board of Directors COM
posed Of three stockholders, majority of
whom shall constitute a quorum for the
transaction of all business.
The Directors shall be elected annually
by ballot, by the stockholders. on the first
Tuesday Of January in each year.
The first Board of Directors of this
corporation shall consist of John A.
Maught, L. 4. Schenck and c. F. Young
man, whose post Office addresses are New
Orleans, La, with John A. Maught as
President and Treasurer; l.. f. Schenck as
| Vice-President and c. f. Youngman as
| Secretary, to serve until the next annual
election or until their successors have
been duly elected and qualified.
No failure to elect Directors shall be re-
| garded as n forfeiture of this Charter.
| Any vacancy occurring on said Board
Of Directors shall be filled within ten days
at meeting Of the stockholders. called
for that purpose.
Said Board of Directors shall have the