The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-09
CHARTER.


CHARTER OF THE SURETY CREDIT
State of Louisiana IAN Pa Parish Of Orleans.
City of New Orleans. BE- il known. that
on this. the twenty-siNth day of the month
of October. in the year of our Lord, nine
teen hundred and twenty: before me.
Charles Schneidau, a notary public duly
commissioned and qualified. in and for
the Parish and State aforesaid, therein
residing, and in the presence Of the wit
Ia'sSeS hereinafter named and under
signed, personally came and appeared the
persons whose names are hercuntO sub
scribcd. all of the full age of majority ana
residents of this city. who Seycrally de
Clared that, ayailing themselves of the
provisions of the Act OF the Legislature
of this state, being known as Act No. 4GI
o. Session Acts of 1914. they do. by th"S"
presents. covenant and agree aud bind
themselves, as well as all such other per
sons as may become hereafter associated
with them. in order. TO form and COnSti-
tute corporation or body polite in law,
for the objects and purposes. aud under
the stipulatiOnS following tO-wit:
ARTICLE THE name and tide of this
corporation shall be Surety Credit Co.
Inc, of New Orleans La. and il shall
have and enjoy succession and CNistenc"
for period of ninety nine years from
date hereof IL shah have. enjoy and
possess all the powers, rights and priv
lcges and immunities accorded to cor
porations under the law.
ARTICLE 1.-THE domicile OF this cor
pOratiOn shall be in the City of New Or
leans, State Of Louisiana. where all oita-
! lions and other legal processes shall be
served on its regular officers according to
| law.
/ ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and the nature of tn business to
| be carried on by IT. are hereby declared
| to be: To loan money on personal prop
| erty, or real estate; also to buy. sell and
I deal in notes, loans. bonds. stocks. Sc
curities or investments of any kind with
| full power to borrow such moneys rs il
may require for the purpose o. its bust
ness; to buy and sell any kind of prop
| business of the aforesaid character in
any State in the United States
| ARTICLE IV.-The capital stock Of this
corporation is hereby declared to be the
sum Of one hundred and twenty-five (Sl2j.-
! OO.OOJ thousand dollars. divided into
| twelve thousand, five hundred Q2. 5oOl
| shares of common stock, of the par value
of ten dollars $1,000 each.
| The capital stock in this corporation
| may be increased to five hundred thous-
| and (SJOO.OOO) dollars, the said increase Of
three hundred seventy-fve thousand
| ($375,O00l dollars to consist of thirty seven
thousand, five hundred (37. 500 shares of
| common stock of the par value OF ten
! $4,000 dollars each.
! ARTICLE VI. The corporate powers
OF this corporation shall be vested In a
| Board of Directors which will consist of
not less than seven and not more than
| htteen and they will be elected by the
I at II general meeting held on
the second Tuesday in January OF each
year.
2. The Board Of Directors shall have the
power to make all bylaws, rules and
regulations necessary for the conduct of
| the business affairs of said CORPORATION
and shall elect from their number a Presi-
dent, three Nice-Presidents, a Secretary
and a Treasurer.
ARTICLE VI-The first Board OF III.
rectorS and officers shall serve for one
year from date or until their successors
are duly elected. They shall be- Ferd-
1and Mouton. Of Lafayette. La, Presi-
dent, who hereby subscribes for one
share: Frederick Wilbert of Plaauemine
| La. First Vice President. who hereby sub
scribes for one share; J. L. Dantzier of
New Orleans, La, who hereby subscribes
Mount Airy, La, Secretary. who hereby
subscribes for one share; c. J. Ducote
OF New Orleans, La, Vice-President and
Director, who hereby subscribes for one
share; A. f. Commagere. of New Orleans
| La, Vice-President and Director, who
hereby subscribes for one share; Judge
Robert II. Mari of New Orleans. La, At
torney and Director. who hereby sub
scribes for one share.
Thus done and passed. at my office
IN the City Of New Orleans, on the date
Miss Anna Naumann and Miss Rita Mack
competent witnesses. who have hereuntC
signed their names with the said appearers
and me, Notary, after due reading of the
! ORIGINAL SIGNED):
Frederic Wilbert, Fernand Mouton, F. J
Maguespack, j. l.. Dantzler. Robert II
Mari; A. F. CommaGere. c. J. Ducote.
witnesses: Anna Naumann, Rita Mack
CHARLES SCHNEIDAU.
Notary Public
/, the undersigned. Recorder of Mort
cages, In and for the Parish of Orleans
State Of Louisiana, do hereby certify tina
the above and foregoing Act of Incorpora
ton of the Surety Credit Company, Inc.
was this day duly recorded in my offc,
October % 1920
(SIGNED) NJ ]. OHM Rec
y true copy.
CHARLES SCHNEIDAU
Notary Public.