The herald., 1911-01-05
CHARTER
OF "FERRAN MACHINE WORKS. LTD.
STATE OF LOUISIANA, PARISH OF OR.
LEANS, CITY OF NEW ORLEANS.

STATE OF IOllSlANA, PARISH OF Or
LEANS, CITY OF NEW ORLEANS.
BE it known. that on this sixteenth day
OF the month OF December, in the year Of
our Lord, one thousand nine hundred and
ten, before me, John +. A Hebel, a Notary
Public, duly commissioned and qualified, in
and for the City of New Orleans, in the
Parish Of Orleans and State of Louisiana,
domiciliated in the said city and parish,
and i'll the presence of the witnesses herein
after named and undersigned, personally
came and appeared: the several persons
whose names are hereuntO subscribed all
being OF full age of majority and residents
! Of this city, parish and state, who seyerally
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 contracted and
agreed, and do by these presents contract
and agree and bind and Obligate themselves
as well as such persons who may herea fter
become associated with them, TO form and
constitute body polite in law, for the
! objects and purposes and under the agree
ments and stipulations, to-wit:
ARTICLE l.
The name of this corporation shall he tbe
"FERRAN MACHINE WORKS, LIMITED
and under said corporate name 1t shall have
ana enjoy corporate existence and succession
Tor a period of ninety nine years. unless
sooner dissolved; and shall have power to
sue and be sued, to contract and be con-
tracted with: to establish and operate facto-
rles, Offices and agencies wherever expedient ::
TO make and use corporate seal, and the
same 10 break or alter at pleasure; to hold
receive, convey, own purchase, sell ALLEVIATE
lease, hypothecate, mortgage, pledge or 9th
erwiSe cucumber or dispose of propertv of
any kind, real, personal or mixed; TO borrow
money, issue notes, bonds or other evidences
or 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 reg.
! ulations for the proper conduct and opera
ton OF its affairs, and the same to abolish
or alter as Ii 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 may be necessary
useful or advantageous In the conduct of its
business and affairs.
ARTICLE ii.
The domlcile OF this corporation shall no
in the City Of New Orleans, State Of Lou
isiana, and all citations and other legal pro
cesses shall be served upon the President or
act, upon the Vice-President
~ -g-wvs-
The objects and purposes for which this
corporation Is organized and the nature of
the business to be carried on by 1t are here
by declared to be: To own, possess, lease
sell, operate and work machinery and repair
shops; to buy and sell machinery of any
and all kind, or parts Of machinery to con-
struct machinery upon the royalty basis to
sell machinery or structures containing ma
chinery, including motors, on commission
ooth 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 25,000.0O), divided into and
represented by two hundred and fifty shares
OF the par value of one hundred dollars
tS1OOOOl each. Subscriptions to stock shall
oe paid for In cash, or when called for by
the Board or Directors Of this corporation,
stock full paid and worcestershire may be
issued by the Board of Directors In payment
or property received or services rendered to
the corporation. No Nockholder shall be
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 1t to the company
tor sale at its book value, and the com.
pany's board of directors shall have ten
days within which to accept or reject such
offer. The Board of Directors shall have
power to establish a rule by which the book
value OF stock shall be determined All GER
tihcates OF stock shall bear evidence on
their face that stock shall not be sold or
hypothecated except as above set forth.
This corporation shall be a going concern
and be entitled to do business as soon as five
thousand dollars (s5,OO0.O0) worth Of
stock has been subscribed for.
ARTICLE V.
All the corporate powers Of this corpora
BoarS of Directors composed OF three stock
hold rs. who shall be elected Annually on