The herald., 1920-02-26
CHARTER OF THE sOUrHrpI
NEsTMENT COMPANY. IN
INCORPORATED


United States of America Stat
isiana, Parish of Orleans Citu OF Lou
orleans Be IL known, that on ,h ~. New
teehth day of the month of Jannahlf
the year of our Lord the One Thay, In
Hihe hundred and Twentieth and ~ mo
America the or SI me United States .,
iourth, before me, Arthur A. Mo,dsony-
Notary Public, duly commissionaSn a
Gnailfied, in and for this City sna and
iarish OF Orleans, therein residine me
in the Presence of the witnesses lug, and
ter named and undersigned nass nsf-
came and appeared the following nonaiy
whose names are hereunto snhscs,ssons
.osether with the amounts of their ,aso'
i've subscriptions to the capital stoct
the corporation to be formed. who 49, o.
~ declare that, availing Themselves W
p.o'islohS OF the genral laws NJ s1 ne
otate or Louisiana relative 10 the o.tne
zatloh OF corporations, they bavs sam
nn aneu ana agreed, mad do by these n,ss
1hts covenant and agree and hind prS-
Hgate themselves, as well as sncS anu 90
persons as may hereafter became o.hef
dated with them or their snccass. asso-
lorm ana constitute themselves int "
for tba o ana body polite in law. ana
LOT the objects and purposes and ana
to wit iohoWing
HhIlCLE 1.-The name and titla a, A.,
SCcIporalton snail be Southern Invastnanss
company, Inc, and by this n ams
and sald corporation shall have poSs,
| ana authority to have and enjoy , pon9
sion for the full term of ninety, ni,s seeces-
rom me date hereof; to contract. sbs ar
pc sued; TO borrow money: IN maj ana
issue It's negotiable promissorv nata. ana
Joh, s.Iuehces OF Indebtedness; to create
uepts' 10 make and use a cornnrat. .eau
20 purchase and receive lease hoId 'e al,,
anu convey, as well as mortgage ana h
potneeate, property, real, personal -
M 10 name and appoint such office.
n na agehts as the interests Of said cor
pJralioh may require; to make and a..
.aDhsh such bylaws and regulations o.
.ne proper management and repulation "
Its aiialrs as may be deemed necassa,
anu am Ihe name to change, alter ana
amend at pleasure. anu
ARIiCLE 1.-THE dOmicile of this chr.
poratlon shall be in the City of Ne,v NJ,
leans, Parish of Orleans, tSate az Ion,,
lnna, and all citations and Other Ie.s,
process shall be served upon the nresidsc,
OF the said corporation, or, in case Of NJ.
case upon the vice-president, or. In
lcers, upon the secretary hereof.
| ARTICLE III.-The objects and nu,.
poses for which this Corporation is a..
| taDnshed and the nature of the businss.
70, 70 De carried on by it are declared to be-
o o.s PuTchase and sale of notes, bonds and
| otner forms OF Indebtedness secured hv
chattel mortgage or retained title an an
| tomoblles, auto trucks, tractors. and srv
| 0ther form of automotiye vehicles. "a
| lenu money on notes secured by cbsttel
nortgage' retained title or other form Of
deoentures; to act as brokers or agents
IN securing and placing insurance Of an
natures and kinds on automobiles: and
GENERALLY to do every act and thing pec.
tSa S,s or usually done in connection with
the business of lending money evidence
Dy notes and secured by mortgage. pledge
retained title or any form of securtiy
granted by law on automobiles. suto
trucks, tractors and antomotive vehicles
ahIICLE iV.-The capital stock Of this
thousand (s120.O00.0O Dollars, divided
into one thousand two hundred U2ool
SHARES OF the par value of One Hundred
SIoo.oV) dollars each, and may be In.
creased s go. 20 tne sum OF Five Hundred Thou
i've thousand (500O) shares of the par
value of One Hundred (SlOO.OO dollar
each, and this corporation is to be a 70
ing concern when one-half Of the capital
STOCK mas been subscribed and ohe-half
OF which subscription has been paid for.
Each share OF said stock shall be EMIT
led to one ~ vote either in perhop q,
by proxy, at all general elections or meet
|, ings OF the stockholders,
AkTiCLE V.-No stakeholder shall ever
, De heid liable or responsible for the In
deotedness, faults or defaults Of this cor
poration, nor shall any mere Internally
In the organization of the Corporation
nave the effect of rendering the charter
nun or OF exposing the stockholders to
II any, of their Subscriptions
ARTICLE VI-This corporation shall
nave all powers granted to such corpora-
lions by law and shall have the power 10
contract. sue and be sued in its corporats
name and to own, hold, receive. loan,
lease, purchase, sell and convey or mort
gage any and all of its effects, or to BY.
pothecate its property and to do any and
all acts and things Of any other kind,
nature or description, as may be necessary
to carry out the objects and purposes Of
said business as its interests and con.
/ veniences may require.
ARTICLE yII.-The business Of this
corporation shall be directed by and vest.
bers, three Of whom shall constitute Z
quorum for the transaction of busnee
and the said board Of directors a. mr.
constituted shall be composed Of nerns
S SeshR%alhaus S,,;,. ". n Rhett = = =
Call. and they shall hold office untl ~
first Tuesday in February, 1920. and o.
, that day and on the same day therertef
each year elections shall be held for u
rectors at the principal office Of the Cor coz.
poration and the election shall be hed
between the hours of ten and twelve q =
Failure to hold an election on the sr
specified shall not dissolve the cerperi.
ton, but the directors shall hold tsg
, respective offices until an election ~
/ be held after thirty days notice Of ~
: time and place thereof given to each stscs'
holder.
The said board of directors at their firk
, meeting shall elect from among Aen
e numbers president, five vice-preddesn
: secretary and a treasurer. provided, H..
Q ever, that the same person may hold u.
{ offices Of secretary and treasurer: II
( secretary need not be q stockhoidef y
, member Of the board Of directors and ~ y
Z vacancy In that office shall be niiee y
: the board. Directors may act either "
!. ARTICLE VIu-whenever this cor.
/ poration Is dissolved, either BY hmiusS n
or for any other cause, Its affairs 80
be liquidated by the board OF directoi,ss
8 who are hereby vested with full pow, !,
c sell any or all assets Of the corpofausss
0 either separately or I'm a mass, ano .
' convey full and complete title tnefsss
Q and shall have full power to do ana -
: form all acts necessary and propss -
s fully and completely hquidate the bill
. and distribute the proceeds, IL any. Ill.,
: the stockholders Of the said corporsus'
4 to the amount Of stock held by each.
ARTICLE IX-This act Of incorpofnu..,
a may be amended, altered and modineo =
s this corporation dissolved in the msn''
J, provided by law. -,
I Thus done and passed, in my netan.ss 4.
4 office. in the City Of New Orleans. o. .. y,
: day, month and year first above VIII
: in the presence of Salim b. Lemle =. =.
b Amanda c. StechmaDn, competent
!. nesses, who hereunto sign their "a az, rs
!. together with the parties hereto ana
Notary, after a reading Of the wnoie. "A,
Witnesses: Selim b. Lemle. Ama'
s G.. Steehmann. -.-.t
n Original signed) Morris Schnsr,
s hauser, 80 Poplar st., Atlanta, Ga; y
ah III