The herald. [volume] (New Orleans, La.) 1905-1953, 1920-01-22
CHARTER.

creasing or decreasing the capital stool
| or the corporation of the character hereb,
created.
| ARTICLE VII.-Whenever this corpora
ton may be dissolved, either by Limitation
| or from any other cause, its affairs shall
| be hquidated by four ca commissioners
| two OF whom shall be selected from
| among the holders of the preferred stock
| by majority of the preferred stock, anC
| two of whom shall be selected from
among the holders of the common stock
| by majority of the common stock, pres
| ent or represented at general meeting
| convened for the purpose as above pro
'lded ana after due notice; the said com
mlssloners shall remain in office until tn,
| affairs of said corporation shall have beer
| fully iquidated. In case of the death OF
resignation of any one or more of said
commissioners, the vacancy or yacancie,
snail be hlled by the survivor of the same
class. In the event of any disagreement
among said commissioners. the action OF
the majority shall control and prevail
Said commissioners shall have all powers
conferred upon them by law or by the
stockholders at such meeting. ii not in
consistent with law
ARTICLE NIII.-NO stakeholder shall
ever be held liable or responsible for the
contracts, faults or defaults OF said cor
poration i'll any further sum than the un-
paid balance, if any, due the corporation
on the shares of stock owned by him nor
shall any mere informally in organiza-
ton have the effect of rendering this
charter null or of exposing a stakeholder
10 any liability beyond the unpaid amount
II any. remaining due on his stock
ARTICLE IN.-The following shall con
Stitute the first Board OF Directors OF
this corporation:
Dufour, New Orleans, La: A f. Duncan.
baltimore, Md; j. j. a. Fortier New Or
leans, La; &. +. Herb. New Orleans, La
+ NJ; Loeb, New Orleans. La; 5. II.
I "a lafrR
Mathews, New Orleans La: W. 7. Simp-
son. New Orleans, La. and \. f. Duncan
shall be Chairman of the Board James J.
A. Fortier, President of the Company.
Charles +. Herb. Vice President II. Il.
Mathews. Vice President. y q. Reese.
Secretary, and ii. J. Boyle Treasurer.
The said Board of Directors shall hold
office until the third Tuesday in January.
49,. or until their successors shall have
been duly elected and qualified
The subscribers TO the capital stock of
said corporation and their respective ad-
dresses are:
j. A. Bandi, Marine Bank & Trust Com
pany, New Orleans. La: II. c. Dufour.
Hibernia Bank building. New Orleans. La.
Charles +. Herb. Hibernia Bank X Trust
Company, New Orleans La: Ernest VI.
Loeb, SIS Magazine Street New Orleans.
La; W. l.. Simpson, sol TchOupitoulas
street. New Orleans. La; 4. T.. Duncan.
Garrett Building. Baltimore. Md: James
j. \. Fortier. 1O6 Camp Street, New Or
leans. La: Sylvan H. Lauchheimer. ll2
North Charles Street. Baltimore. Md; II.
II. Mathews. lO6 Camp Street New Or
leans La: \. T.. Duncan. Garrett Build
ing. Baltimore. Md.
ARTICLE N.-The subscribers hereto
have respectively written opposite their
names the amount of stock in this cor
poration subscribed for by eJch of them
so that this act of incorporation may also
serve as the original subscription list OF
said corporation.
Thus done and passed. at my Office in
the City of New Orleans on the day month
and year herein first above written, in
the presence OF Eugene Thorpe and Jacob
+. Baer. cOmpetetent witnesses. who have
hereuntO siTned their names, together
with the said appearers and me- Notary,
after due reading of the whole.
Original SignedD
CHARLES r. HERB.
New Orleans, La.
ERNEST NJ. LOEB.
New Orleans, La.
J.. \. BANDI,
New Orleans, La.
W. p. SIMPSON.
by III. Generes Dufour.
New Orleans. La.
II. GENERES DUFOUR.
New Orleans. La.
SYLVAN HAYES LAUCHHEIMER,
Baltimore, Md.
JAMES J. A. FORTIER.
New Orleans, La.
H. II. MA r. W -.
New Orleans, La.
4. Z. DUNCAN.
Baltimore. Md.
Witnesses:
Eugene Thorpe.
Jacob +. Baer.
AL. c. HAMMER,
Notary Public.
|. the undersigned Recorder of Mort
cages, in and for the Parish of ORLEANS,
State of Louisiana, do hereby certify that
the Act of Incorporation Of the Com
mercial Credit Co., Inc was this day
duly recorded in my office in Book 123S,
folio 224 New Orleans. January o. 1920
(Signed EMILE J. LEONARD.
by. Il.
i. the Undersigned notary public. do
hereby certify that the above and fore
going is true and correct copy of the
act of incorporation of the Commercial
Credit Company, Inc, on file and on
record in my Office, together with the
certificate of the Deputy Recorder OF
Mortgages thereto attached.
Witness my hand and seal Of Office al
N Mew orleans ,oao L. this 18th day of JAN
AL. G. HAMMER.
Notary Public.
Jan. 15-Feb. 49,