The herald., 1921-10-06
CHARTER OF INDUSTRIAL ADJUST
MEST BUREAU, INC.

United States of America, State of Louis
lana Parish of Orleans, City OF New Or
leans Be il known that on this 9th gay
of the month of September. in the year
of our Lord, nineteen hundred ana twenty
one before me Warren V. Miller, ouIy
commissioned, qualified and acting notary
nublic I'm and for the Parish of orleans,
state of Louisiana, and in the presence OF
the hereinafter named and undersigned
witnesses personally came and appeared
the several persons whose names are mere
unto subscribed and severally declared lhat
availing themselves and those they repre-
sent as well as those who may hereafter
become associated with them OF the gem
raj laws of the State of Louisiana, IN sucn
cases made and provided, they have formed
and organized and by these presents form
themselves as well as those they represent
and such others as may hereafter become
associated with them, into corporation
and body polite in law, for the oD1ects anu
purposes in the following articles set forth
and expressed, which they adopt as their
charter.
ARTICLE THE name and title OF TINS
corporation is and shall be lndustrlai
Adjustment Bureau, Inc, and II shalI
exist and enjoy succession by ITS corporate
name for a period of ninety nine (99) years
from the date hereof, with all the rights.
privileges and powers now or hereafter
conferred by law upon tradlnS SoIpCoiIta
tions. Its domicile shall be In inc ollS
of New Orleans and all citations AND iegai
services shall be made upon the president
and In the event of his inability to act,
etc, upon the vice-president or treasurer
in the order named.
ARTICLE 1.-THE capital stock OF TINS
corporation is hereby fixed at the sum OF
twenty thousand dollars (S2OOO0O1 all OF
which shall be divided into ana repre-
scented by eight hundred (Sool shaIes o oi
the par value of twenty-five dollars tSZo.Ul
each. Stock may be paid for In money IN
S.ryices rendered the corporation. or IN
property regularly transferred TO the cor
poration all as shall be determined Dy the
board of directors.
ARTICLE III-The objects and purposes
of this CORPORATION and for which IL is
organized are hereby declared to be, TO
purchase the entire business, assets, name
and good will of the Industrial auJusl,
7 ment Bureau. a Delaware Corporation anu
| thereafter to conduct SAID business 50
purchased as the property Of this corpora,
zion 70 operate and maintain general
collection and claim adjustment bureau -
70 operate and maintain general creult
rating and reporting bureau 10 Du!' 81, 81,
hynothecste lend on, or otherwise handle
mortgages, claims, notes, actions lIsn.s
of actions and assets or all natures VIVA
sover as well as to buy and sen ana also
| to operate and maintain any ouSihsSs ~,
commodities articles or things whlch lne
| CORPORATION may acquire as collateral 10
| said notes, mortgages, actions OF ris ;int
| of actions. or obtained IN cohJunS.Ion
| Herewith or through foreclosure thereon
or towards adjustment thereof; ana III
| general 10 do any and all acts pertaining
| or germaue to the above and foregoing
| purposes.
| ARTICLE Iv-The corporate powers Oh
| this CORPORATION shall be vested In a
| hoard Of directors, a majority of whom
| shall constitute a quorum for the trans,
| action of business. The first board shall
| consist of seven members, and the numoe,
| of said board may thereafter be changed
| 10 any number not less than three, nor
more than fifteen, by resolution OF a ma
| jority of the stockholders of record. by
| resolution passed at any meeting eahed
| for that purpose.
| From the said board Of directors snail
| he chosen three officers. namely. presi-
dent. a VICE president and secretary, and a
| treasurer.
The first board Of directors and officers
| OF this corporation shall be elected at the