The herald. [volume] (New Orleans, La.) 1905-1953, 1911-02-02
CHARTER
OF "FBRRAN MACHINE WORKS, LTD
STATE OF LOUISIANA. PARISH OF OR
LEANS, CITY OF NEW ORLEANS

OF "FERRAN MACHINE WORKS, LTD
STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be il known, that on this sixteenth d,r
OF the month Of December, in the year OF
our Lord, one thousand nine hundred and
ten, before me, John f. A. Hebel, a Notary
PUBLIC, duly commissioned and qualified in
and Tor the City of New Orleans, in the
Parish OF Orleans and State Of Louisiana,
domlcillated in the said city and parish
ana In the presence of the witnesses herein.
AFTER named and undersigned, personally
came and appeared: the several persons
whose names are hereunto subscribed. ali
being OF full age Of majority and residents
OF THIS city, parish and state, who severally
declared that availing themselves of the pro.
visions of all of the laws and constitution
OF this State relative TO the organization OF
corporations, they have cOntrA.ed and
agreed, and do by these presents contract
ana agree and bind and obligate themselves
as well as such persons who may hereafter
become associated with them, TO form and
constitute a body polite in law, for the
objects and purposes and under the agree
ments and stipulations, to-wit:
ARTICLE I.
The name OF this corporation shall be the
"FERRAN MACHINE WORKS. LIMITED
ana under said corporate name it shall have
and enjoy corporate existence and succession
Tor period of ninety-nine years, unless
sooner dissolved; and shall have mower 10
sue and be sued, to contract and he CON.
tracted with; to establish and operate facto-
ries, offices and agencies wherever expedient :.
10 make and use corporate seal, and the
same TO break or alter at pleasure: TO hold
receive. convey, own, purchase. sell ALLEVIATE
tease, hypothecate, mortgage, pledge or 9th
erwise cucumber or dispose of property Of
any Kind, real, personal or mixed; to borrow
money, issue notes, bonds or other evidences
OF debt, TO have, employ, discharge and com
penSate such managers, directors, agents
clerks, and other employees as the interest
convenience or advantage Of its affairs NAV
require, to establish bylaws rules and req
ulations for the proper conduct and opers.
ton or It's affairs, and the same to abolish
or alter as 1t may see fit and proper: and
generally TO have. enjoy and exercise all
such powers, privileges and immunities as
are or may hereafter be granted by law to
corporations or which NAV be necessary
useful or advantageous in the conduct of lis
business and affairs.
ARTICLE ii.
The domicile OF this corporation shall no
isiana, and all citations and other legal nro.
cesses shall be served upon the President or
in the event Of his absence or inabiIitv to
act, upon the Vice-President.
ARTICLE III.
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by II are here
by declared to be: To own, possess, lease
sell, operate and work machinery and renal
shops; TO buy and sell machinery of any
and ali kind, or parts OF machinery; to CON,
struct machinery upon the royalty basis: to
sell machinery or structures containing ma.
ehlnery. including motors, on Commission
both retail and wholesale, and generally to
do and perform any business pertaining to
said objects.
ARTICLE ".
The capital stock OF this corporation Is
hereby fixed at the sum Of TWENTY-FIVE thou
sand Dollars (S25,000.00), divided into and
represented by two hundred and fifty shares
OF the par value Of one hundred dollars
(S1OO.0Ol each. Subscriptions to stock shall
be paid for In cash, or when called for by
the Board Of Directors Of this corporatiorx
stock full paid and worcestershire NAV he
issued by the Board Of Directors In payment
OF property received or services rendered To
the corporation. No stakeholder shall he
permitted to pledge or hypothecate his stock
without first having obtained permission of
the Board OF Directors nor shall any stock
holder be permitted to sell his stock with
out first having offered II to the company
for sale at Its book value, and the com