The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-15
CHARTER.

4
in and for the Parish of Orleans State
or Louisiana, aforesaid, and in the pres
| ence OF the witnesses hereinafter named
and Undersigned. personally came and ap-
peared the several persons whose names
are hereunto subscribed, who severally de-
clared that, availing themselves of the
provisions of the laws of the State of
louisiana in such cases made and pro-
Nlued, they have covenanted and agreed
and do by these presents covenant agree
ana bind themselves, as well as all such
persons as may hereafter become associ-
ated with them, to form 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, lnc.," and under its said corporate
name IL 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 a 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 We'll
as alter and amend, from time to time
such bylaws, rules and regulations for
the proper conduct, management and regu-
lation of the affairs of said corporation
as may he 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 1t are
hereby declared to be:
"a To buy, discount or otherwise ac
quire hold, own, invest in, deal in, accep,,
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,
warehouse receipts, trust receipts, war
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
tiOns, associations, trusts or trustees,
either with or without recourse.
(2D. 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
aAx of
participation shares, trust certificates, GER
tincates of interest, bonds or securities OF
corporations, trust, trustees, or associa-
tons in whatsoever business engaged, com
mercial securities, promssary 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
lions, 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
security anu TO ACT as trustees or Olner-
wise for the securing of loans and invest
ments and the financing thereof.
90 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.
a. 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
lawful acts or things designed to protect,
preserve, improve or enhance the value OF
any such stocks, bonds, securities or eva-
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 az
stakeholder, and to endorse and otherwise
guarantee the principal and interest OF
notes, bonds or other evidences of in
debtedness, created or to be created by |
any such corporation.
(5) To draw, make, accept, endorse, |
execute, issue and have discounted, prom
issory notes, bills of exchange, warrants |
and other negotiable or transferable in |
(6) 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,
casualty, plate glass, boiler, elevator, ac-
cident, health, burglary, rent, marine,
credit, and life insurance, and all other
kinds of insurance, the collection of prem
may be delegated to agents by such conf (
panies, and to conduct a general insur.
ance agency and insurance brokerage busi-
ness, and to act as agent for those de-
string to procure insurance.
CD 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
ngs, machinery, merchandise, business
concerns and undertakings, notes, mort I
cages, guarantees, shares, stocks, bonds,
iebentures. securities, concessions, produce,
policies, and my interest in real or per-
'onal property and any claim against
such property or against any person or
company, and to carry on any business,
concern or undertaking so acquired.
(1O) To acquire the good will, rights
Ind property, and to take over the whole
Or any part of the assets and liabilities,
u any person, firm, association, or cor
,oration, and to pay for the same in cash.
'tock or bonds of this corporation or
otherwise.
ny IT. 49, - 1tho-u-t.o oonn,-o l.,S |