The herald. [volume] (New Orleans, La.) 1905-1953, 1920-02-05
CHARTER OF COMMERCIAL CREDIT
COMPANY, INC.

I II,
lana, Parish of Orleans, City of New Or
| leans. BE IL known that on this 9TH 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 public,
duly commissioned, sworn and qualined
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, ayailing themselves of the
provisions of the laws of the State or
| Louisiana in such cases made and pro-
vided, they have covenanted and agreed
and do by these presents covenant, agree
and bind themselves, as well as all such
persons as may hereafter become associ-
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 it 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 corporate seal ana 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-
lation of the affairs of said corporation
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:
| "a To buy, discount or otherwise ac-
| quire hold, own, invest in, deal in, accept,
| 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
lions, 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
L WnA hN nv Gtl In
favor of, or against, individuals, corpora
| tions, associations. trusts or trustees,
either with or without recourse.
| (2) 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
| such loans or advances, shares OF stock,
participation shares, trust certificates, GER
| tiicates of interest, bonds or securities OF
| corporations, trust, trustees, or associa-
| tions in whatsoever business engaged, COM
mercial securities, promissary notes, par
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 lnulNluudlS, coTpOTd-
| tions, 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
| go 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.
(4) 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
l debtedness. created or to be created by
| any such corporation.
| 90 To draw, make, accept. endorse
execute, issue and have discounted, prom.