The herald. [volume] (New Orleans, La.) 1905-1953, 1911-01-12
CHARTER
OF "FERRAN MACHINE WORKS, LTD
STATE OF LOUISIANA. PARISH OF OR
LEANS, CITY OF NEW ORLEANS.


LEANS, CITY OF NEW ORLEANS.
Be it known, that on this sixteenth dav
or 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 for the City Of New Orleans in the
Parish of Orleans and State of louisiana
domiclliated N the said city and parish
and 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 OF 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
OF this state relative to the organization of
corporations, they have cOntrseed and
agreed, AMI do by these presents contract
and agree and bind and Obligate Themselves
as well as such persons who may hereafter
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 be the
"FERRAN MACHINE WORKS, LIMITED'
and under said corporate name it 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 ::
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
erWlse cucumber or dispose of property 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 ADVANTAGE Of Hot.
require, to establish bylaws, rules and reg
ulations for the proper conduct and opera.
ton of its affairs, and the same to abolish
or after as 1t may see fit and proper; and
generally 10 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
useiul 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 Lou
lsiana, and all citations and other legal pro-
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
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
chlnery. including motors, on Commission.
both retail and Wholesale and generally TO
90 and perform any business pertaining to
said objects.
ARTICLE ".
The capital stock of this corporation Is |
hereby fixed at the sum Of twenty-fiye thou
sand Dollars (S25,000.00), divided into and
represented by two hundred and fifty shares |
OF the par value Of one hundred dollars |
lSlOO0Ol each. Subscriptions to stock shall |
Oe pald Tor In cash, or when called for by |
the Board Of Directors of this corporation.
stock full paid and worcestershire NAV be
issued by tie Board of Directors in payment
)f property received or services rendered TO |
me corporation. No stakeholder shall be |
permitted TO pledge or hypothecate his stock |
Nithout nrst having obtained permission of |
holder be permitted TO sell his stock with |
lut first having offered it to the company |
or sale at its book value, and the com |
lanys board of directors shall have ten /
iays within which to accept or reject such
'ower TO establish a rule by which the book |
Talue OF stock shall be determined All GER
ihcates OF stock shall bear evidence on /
heir face that stock shall not be sold or
lypothecated except as above set forth.
This corporation shall be a going concern
md be entitled to do business as soon as five
thousand dollars (S5,00O.00) worth of
took has been subscribed for.
ARTICLE v.
All the corporate powers Of this CORPORA
Ion sISu be vested In and exercised by a
'oarf Of Directors composed of three stock
A. H.. hall