The herald., 1920-01-29
CHARTER OF COMMERCIAL CREDIT
COMPANY, INC.


lana, Parish of Orleans, City of New Or
leans. Be it known that on this 18th 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, notary pubic,
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 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-
vided, they have coyenanted and agreed
and do by these presents covenant, agree
and bind themselves, as well as all such
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 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
tons; 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,
such bylaws, rules and regulations for
the proper conduct, management and regu-
LIT 81 ehn aff nfr NE said m IN
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 1t are
hereby declared to be:
az To buy, discount or otherwise &C.
Quire hold, own, invest in, deal in, accepe,
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
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
lions, associations, trusts or trustees,
either with or without recourse.
(2) To make loans or advances to any
person, firm, corporation, or association
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
tifcates of interest, bonds or securities OF
corporations, trust, trustees, or associa-
lions 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
drafts, bills Of lading, finance bills, ware
house receipts, trust receipts, warrants,
contracts, merchandise, real and personal
property and chooses in action Of every
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; and to act as trustees or other
wise for the securing of loans and invest
ments and the financing thereof.
80 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
debtedness, created or to be created by
any such corporation.
(5) To draw, make, accept endorse
execute, issue and have discounted, prom