The herald. [volume] (New Orleans, La.) 1905-1953, 1920-11-18
CHARTER.
CHARTER OF THE SURETY CREDIT


CHARTER OF THE II REI1 CREDIT
Co, INC.
state Of Louisiana, Parish o. Orleans
city Of New Orleans BE il known. that
on this, the twcuty->iNth day Of IN" month
of October. in tn" year ~ our Lord. nine
teen hundred and twenty; before me.
Charles Schneidau, Il notary public. duly
commissioned and qualified. in and for
the Parish and State aforesaid, therein
residing, and in the presence of the wit
u 'SS"S hereinafter named and under
signed, personally came and appeared tn"
/ persons who's" names are her"untO sub
scrihcd. all of the full age OF majority AMI
residents of this city, who seycTally de
| Clared that. availing themselves Of the
provisions of the Act Of the Legislator"
/ of this State, being known as Act No. 9GI
/ o. Session Acts of 1914. they do. 10y thcN"
| presents. covenant and agree aud bind
! themselves. as well as all such o'hc- per
| sons as may become hereafter associated
/ with them, in order, to form and ,OnSti-
/ tnte corporation or body polite in law,
/ for the objects and purposes. aud under
| the StipulatiOnS following tO-wit:
ARTICLE 1.-The name and title Of this
| corporation shall be Surety Credit Co.
| Inc, of New Orleans. La, and f. shall
| have and enjoy succession and SNiStcnc"
/ for a period of ninety nine years from
/ date hereof. 1t shall have enjoy and
possess all the powers, rights and priyi-
/ leges 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 Cita-
lions and other legal processes shall be
| served on its regular officers according 10
| law.
ARTICLE III-The objects and pur-
poses for which this corporation is or
ganized and the nature of the business 10
| be carried on by II. are hereby declared
! to he: To loan money on personal prop
erty. or real estate; also to buy. sell and
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
erty, either real or personal; to conduct
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.
| 10000 thousand dollars. divided into
twelve thousand. five hundred N2 5oOl
shares of common stock, of the par value
| of ten dollars $4,000 each.
| The capital stock in this corporation
may be increased to five hundred thOuS.
| and CSJOO,OeO) dollars, the said increase of
three hundred seventy-tve thousand
thousand, i've hundred (37.5OO) 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 al
\ not less than seven and not more than
| hftecn and they will be elected by rho
stockholders at a general meeting held on
the second Tuesday in January of each
year.
.. The Board OF Directors shall have tho
power to make all bylaws rules and
| regulations necessary for the conduct ot
the business affairs of said corDorotior
and shall elect from their number. a Presi.
dent three Nice-Presidents, a Secretary
and a Treasurer.
rectorS and officers shall serve for one
year from date or until their successors
are duly elected. They shall be: Ferd.
hahd Mouton, of Lafayette. La, Presi.
cent, who hereby subscribes for one
share: Frederick Wilbert. of PIaGuemine
La. First NicePresident. who hereby sub.
scrlbes for one share; J. l.. Dantzier, OF
New orleans, La, who hereby subscribes
Nor S}6unf one Airs share; F. J; Waguespack, OF
subscribes for one share; c. ]. Ducote
or New Orleans, La, Vice President and
HIrector who hereby subscribes for one
| La, Vice president and Director wbC
hereby subscribes for one share; Judge
robert II. Mari, of New Orleans. La. Ar.
torney and Director. who hereby sub
| Scrlbes Tor one share.
| Thus done and passed. nj nv oa7co
| IN the City of New Orleans, on the date
| nrSt above written in the presence of
MISS Anna Naumann and Miss Rita Mack,
| signed their names with the said appearers
/ and me, Notary, after due reading of rho
| whole VI inc
ORIGINAL SIGNED):
Frederic Wilbert, Fernand Mouton, F. 7
| Maguespack, j. l.. Dantzler, Robert ii,
| MARI. a. +. COmmagere, c. J. Ducote
witnesses: Anna Naumann. Rita Mack.
CHARLES SCHNEIDAU,
| Notary Public.
L, the undersigned. Recorder of Mort
cages IN and for the Parish of Orleans
state OF Louisiana, do hereby certify that
the above and foregoing Act of Incornorae
lon OF the Surety Credit Company, Inc
was this day duly recorded in nv Office
IN Book 12i6, folio 49S. New Orleans, La.
October 81. 1920 '-a''
| tSIGNED) NJ 7 DTTNN Poo
| ~ true copy.
CHARLES SCHNEIDAU.
| Nov .0 Notary Public.