The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-26
CHARTER
OF "FERRAN MACHINE WORKS, LTD
STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS

STATE OF LOUISIANA, PARISH OF OR
LEANS, CITY OF NEW ORLEANS.
Be it known, that on this sixteenth day
or the month of December. in the wear Of
our Lord, one thousand nine hundred and
ten, before me, John +. A. Hebel a Notary
Public, duly commissioned and qualified in
and Cor the City of New Orleans in the
Parish of Orleans and State of Louisiana,
dOmiciliated 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 all
being or full age of majority and residents
of this city, parish and state. who seyeraIly
declared that availing themselves of the pro
visions of all of the laws and constitution
or this State relative to the organization OF
corporations, they have contrs and
agreed, and do by these presents contract
and agree and bind and obligate Themselves
as well as such persons who NAV hereaft
become associated with them, to form and
constitute body polite in law, for the
objects and purposes and under the agree
ments and stipuletiOns, to-wit:
ARTICLE I.
The name OF this corporation shall he tho
"FERRAN MACHINE WORKS, LIMITED.'
and under said corporate name ii shall have
and enjoy corporate existence and succession
Tor period OF ninety-nne 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 :;
10 MAKE and use corporate seal, and the
same to break or alter at pleasure to hold
receive, convey, own, purchase, sell ALLEVIATE
lease, hypothecate, mortgage, pledge or 9th
erwlse 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
nr a. Iva, too, Il.
require, to establish bylaws, rules and reg
ulatlons for the proper conduct and opera.
ton or Its 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 may be necessary.
useful or advantageous in the conduct of its
business and affairs.
ARTICLE II.
The domicile Of this corporation shall be
in the City of New Orleans, State of Lon.
isiana, and all citations and other legal nro.
cesses shall be served upon the President or
In the event OF his absence or inability 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 IL 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 an kind, or parts OF machinery to con.
struct machinery upon the royalty basis to
sell machinery or structures containing ma,
ehinery. including motors, on Commission
both retail and wholesale, and generally to
do and perform any business pertaining Ia
said objects.
ARTICLE ".
The capital stock of this corporation Is
hereby fixed at the sum Of twenty-five thou.
| sand Dollars (S25,00O00), divided into and
| represented by two hundred and fifty sbaras
OF the par value Of one hundred dollar
| tS1OOOOl each. Subscriptions to stock shall
| be paid for In cash, or when called for nv
| the Board Of Directors of this corporation
stock full paid and worcestershire NAV be
issued by the Board of Directors in paymep,
OF property received or services rendered Ia
the corporation. No stakeholder shall be
permitted to pledge or hypothecate his stock
without first having obtained permission az
the Board OF Directors; nor shall any stock.
| holder be permitted to sell his stock with.
| out first having offered II to the COMPANY
! tor sale at its book value, and the com.