The herald. [volume] (New Orleans, La.) 1905-1953, 1921-09-29
CHARTER OF INDUSTRIAL ADJUST
NENT BUREAU, INC.

United States of America, State OF Louis
lana, Parish of Orleans, city OF NeW Or-
leans Be ii known that on this 9th day
of the month of September, In the year
of our Lord. nineteen hundred and twenty
one before me Warren V. Miller, dul!
commissioned, qualified and acting notar!
public in and for the Parish OF orleans,
State of Louisiana, and in the presence OF
the hereinafter named and undersigned
witnesses personally came ana appeared
the several persons whose names are mere
unto subscribed and severally declared tha'
availing them selves and those they repre-
sent as we'll as those who may hereafter
become associated with them. or the gene
raj laws of the State of Louisiana, IN suc1
cases made and provided, they nave iorIheu
and organized, and by these presents loIn
and such others as may hereafter become
associated with them, into corporation
and body politician law, for the objects ana
purposes In the following articles SET 10TH 10TH
and EXPRESSED which they adopt as their
charter.
ARTICLE THE name and title OF TINS
corporation is and shall be industrial
Adjustment Bureau, 1nc., and IL snail
exist and enjoy succession by its corporate
name for a period of ninety nine l9') years
from the date hereof, with all the rlggZ,s.
privileges and powers now or hereafter
conferred by law upon trading corpora
tions. Its domicile shall be in the CITY
of New Orleans and all citations ana iegai
services shall be made upon thT i, pre 80 act
etc. upon the vice president or treasurer
in the order named.
ARTICLE 1.-THE capital stock or TINS
corporation is hereby fixed at the sum OF
twenty thousand dollars tS2Oooo.S) All Oh
which shall he divided into and repre-.
scented by eight hundred tSool SHARES o ot
the par yalue of twenty-five dollars (S2o.Vol
each. Stock may be paid for in money, III
services rendered the corporation. OF ~
/ las 1.. tran
marathon, ali as shall be determined by the
board Of directors.
ARTICLE III-The objects and purposes
of this corporation and for when IL u
organized, are hereby declared 10 pe' 10
purchase the entire business. assets: haine
and good will of the Industrial ADJUST
ment Bureau, a Delaware Corporation anu
! thereafter to conduct SAID business ~
purchased as the property OF TINS corpora,
| ton; to operate and maintain a grnerai
| collection and claim adjustment bureau
| TO operate and maintain general creui'
rating and reporting bureau 10 pu!' 81 M
hypothecate lend on, or otherwise nahuit
/ mortgages. claims. notes, actions. rlsh,S
| ~ artIons and assets of all natures what
| saver as well as to buy and sell ana aiso
| 10 operate and maintain any Ousihess ~.
| commodities, articles or things whlch 'nt
| corporation may acquire as collateral ~
| said notes, mortgages. actions or rights
/ of actions or obtained in cOn)uhclou
| Herewith or through foreclosure thereon
| or towards adjustment thereon; ana ~
| general TO do any and all acts pertaining
or germane TO the above and foregoing
/ purposes.
! ARTICLE Iy-The corporate powers oil
| this corporation shall be vested IN
/ hoard of directors. majority OF whnh
! shall constitute a quorum for the trans
action of business. The first board shal
| consist of seven members. and the number
| of said board may thereafter be changed
/ TO any number not less than three' hoi
| more than fifteen. by resolution of a ma
/ iority of the stockholders of record oy
resolution passed at any meeting ea'ieo
| for that purpose.
From the said hoard OF directors shai
| be chosen three officers, namely. presi'
| dent a vice. president and secretary. and 9
treasurer.
| The first board of directors and Officers
| OF this corporation shall be elected az Inc