The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-04
CHARTER OF THE SURETY CREDIT
INC


state OF Louisiana, Parish OF Orleans.
! city, OF New Orleans. BE il known that
on TINS, the twenty-SiXth day of the month
! OF October, in the year of our Lord. nine
! teen hundred and twenty: before me
'hafltS Schneidau, notary public duly
commissioned and qualified in and for
the Parish and State aforesaid, therein
| residing. and in the presence of rho Wit
! lsnsseS hereinafter named and nndar-
signed, personally cane and appeared the
/ persons whose names are hereunto sinh
scri0ed, all OF the full age of majority and
residents of this city, who seyeralJ;y lie
CARED that, availing themselves of tLa
provisions of the Act of the Legislature
| OF TINS State. being known as Act No o67
OF session Acts of 1914. they do. by these
presents. covenant and agree and hind
themselves, as well as all such otbp- n,.r
sons as may become hereafter associated
WIN them. in order, to form and Consti
for tho corporation nbfoa or body polite in law
the Stlpulations following to.wit:
ARTICLE 1.-The name and title NJ tbis
corporation shall be Surety Credit o.
inc OF New Orleans. La, and n shall
E ana ENJOY succession and s1istppcn
Ta,o period or ninety nine years from
GATE hereof. 1t shall have. enjoy and
possess all the powers, rights and nriyi-
reyes and immunities accorded 70 CO..
poratl0ns under the law.
AhilCLE 1.-The domicile OF this cor
poIauon snail be in the City of New mr.
leans, State Of Louisiana, wnera oII ,i,a-
lions and other legal process han ~, ia a.
served on IFS repuIar "a ;,oon SndIi ne
law. "''orulhS 10
ARTICLE III.-The objects and p,r-
poses Tor which this corporation Is or
ganiZed and the nature of thu bnsinos,,
be carried on by il. are hereby dacIa-oS
70 De: TO loan money on personal nron
Srty' or real estate; also to buy. sell ana
urai III notes, loans, bonds stocks So
CuritleS or Investments of any Kind NTH
borrow
may require for the purpose OF its bI,si.
uesS' 10 buy and sell any Kind of prnr,
business 'e Of rtai or personal; to conduct
any state in the United States. ="
ARTICLE IV-The canitaI stocr - ,hi.
corporation is hereby declared 70 ~ n ~
H nnI o6 OF one hundred and twcnty-fye Is155
,,'oIp thousand dollars. divided into
shares Of TFno ooS five hundred n25OOI
Vi zen dollars $1,000 each pm ''iue
me capital stock in this cornorotioD
and 300 Ug increased to five hundred thons.
three IT, collars. the said increase of
s. oo hundred seventy-tive tbonSond
tES,oOocl dollars to consist of tbirt 's' du
onousahd, i've hundred az 5OOl Sb3ros 90
$50 0oI siock of the par value OF ten
ARTICLE VI. The corno-o.o ,,,,-
Eoord corporation shall be vested in a
noard OF Directors which will copIi. =" q
.ot less than seven and NOT ,,ora oI
ntocth ana they will be elected nv tba
tbe Sa oiutIs NJ a general meeting held ON
year. !" January OF each
The Board of Directors shall have ,,o
PoMSI 10 make all bylaws ruies and
uIal0hs necessary for the condrct nt
oe BUSINESS affairs of said cornor,tion
anu snail elect from their number n p-dsi
dent three Vice Presidents. a secre tsTrr
ARTICLE VI,-The first BOARD q, n,
rectorS and officers shall serve for nna
year from date or until their succossors
are uuIy elected. They shall he. Esrd
1and Mouton, of Lafayette. La Pras;
usnt, who hereby subscribes for ono
snare: Frederick Wilbert. OF PIaoner,; T nn
Id; FIRST Nice-President. who herehv snh
SS II Tor one share; J. l.. Dantzier ~
t Se" orleans, La, who hereby snbscribos
Mt one share; +. j. Waguesnoct @,
M1uht Airy. La, Secretary, who be,ohr
SGoSSrlbeS for one share; c. ] DncotSS
m ne orleans, La. Vice President enJ
ShaOr; who hereby subscribes for ora
I"re' a. r Commagere, of New OrIeonS
bo a vice President and Director, who
pptIteoy subseribes for one share: Jn %no
tt n. MARI, of New Orleans. Ia a.
sor riny ana Director. who hereby .nh-