The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-18
CHARTER OF THE SOUTHERN IN
NE>TMENT COMPANY,
INCORPORATED.

Il,
| isiana, Parish of Orleans. City of New
| Orleans. BE it known. that on this thir-
| tcenth day of the month of January, in
the year of our Lord the One Thousand
| Independence of the United States of
| America the One Hundred and Forty
/ fourth, before me, Arthur 4. Moreno. a
Notary Public, duly commissioned and
| qualified, in and for this City and the
| Parish of Orleans therein residing, and
| in the reSence of the witnesses hereinaf-
| ter named and undersigned, personally
| came and appeared the following persons
whose names are hrreuntO subscribed,
| together with the amounts of their reSpec-
tive subscriptions to the capital stock of
| the corporation to be formed, who several
| ~ declare that, ayailiug themselves of the
| provisions of the genral laws of the
| State of Louisiana relative to the Organi-
| ZatI0n of corporations, they have cove
| nanted and agreed, mad do by these pres
cntS covenant and agree. and bind and OBJ
| ligatc themselves, well as such other
| persons as may hereafter become aSso-
| GATED with them or their successors, TO
form and constitute themselves into a
| corporation and body polite in law, and
| for the objects and purposes and under
| the agreements and stipulatiOns following,
| to-Wit:
| ARTICLE 1.-The name and title of this
corporation shall be Southern Investment
company, Inc, and by this name and
It'll" said corporation shall have power
and authority to have and enjoy success.
sion tor the full term of ninety -niIe years
from the date hereof; to contract sue and
| be sued; to borrow money; u make and
issue its negotiable promissory notes or
other ev idenceS of Indebtedness; to create
debts; TO make and use corporate seal
TO purchase and receive. lease. hold, sell
and convey, as well as mortgage and hy-
pothecate, property, real, personal and
| mixed; to name and appoint such officers
and agents as the interests of said cor
poration may require; to make and es-
tablish such bylaws and regulations for
the proper management and regulation oil
its affairs as may be deemed necessary
and the name to change alter and
amend at pleasure.
ARTICLE 1.-THE domicile of this cor
poratiOn shall he in the City of New or.
| leans, Parish of Orleans, tSate of Louis
lana. and all citations and other legal
process shall be served upon the president
of the said corporation or, in case of his
absence upon the vice president or iu
case of the absence of both of these of.
Ulcers. upon the secretary hereof.
ARTICLE HI.-The objects and pur.
| poses for which this corporation is es
tabliShed and the nature of the business
to be carried on by it are declared to be-
the purchase and sale of notes, bonds anC
other forms of Indebtedness secured by
chattel mortgage or retained title on au
tomobiles, auto trucks, tractors. and any
other form of autOmOtive vehicles; tC
lend money on notes secured by chatte
mortgage, retained title or other form Of
debentureS; to act as brokers or agent.
| In securing and placing insurance of al
natures and kinds on automobiles: and
generally to do every act and thing nee.
eSsary or usually done in connection with
the business of lending money evidenced
by notes and secured by mortgage, pledge
retained title or any form of security
granted by law on automobiles, auto
| ARTICLE IV.-The capital stock of thi.
corporation shall be One Hundred Twenty
Thousand (Sl20 OO0.00) Dollars, divided
into one thousand two hundred q. 200
| SlOO.OO) dollars each. and may be in
creased to the sum OF Five Hundred Thou
sand (S5O0.0O0O0l dollars, divided int,
five thousand (5OOO) shares of the pal
value of One Hundred $4,000 dollars
each, and this corporation is to be a go
ing concern when One-half of the capita
stock has been subscribed and one-hal
OF which subscription has been paid for
Each share of said stock shall be EMIT
led to one 1) vote, either in person o.
by proxy, at all general elections or meet
lngs of the stockholders.
ARTICLE y.-No stakeholder shall eve
ne held liable or responsible for the in
debtedness, faults or defaults of this cor
poratiOn, nor shall any mere informality
in the organization of the corporation
nave the effect of rendering the charte
null or of exposing the stockholders 4
any liability beyond the unpaid balance
IL any. of their subscriptions.
ARTICLE VI.-This corporation shall
have all powers granted to such corpora
tions by law and shall have the power {,
contract, sue and be sued in its corporate
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 AM
all acts and things of any other kind
nature or description, as may be necessar!
TO carry out the objects and purposes o
said business as its interests and con
venlenceS may require.
ARTICLE VII-The business of thi
corporation shall be directed by and vest
ed in board Of directors of five mem
bers, three of whom shall constitute
quorum for the transaction of business
and the said board of directors as frs
constituted shall be composed Of Morri
lSchmalhausar, W. II. Rhett T. n
OBeirne. Clifford Lochridge and f. J.
Call, and they shall hold office until tn
first Tuesday in February, 1920 and oil
that day and on the same day thereafte
each year elections shall be held for di
rectors at the principal office of the cor
poration and the election shall be he'll,
between the hours Of ten and twelve a. m
Failure to hold an election on the day
specified shall not dissolve the corpora
ton, but the directors shall hold theil
respective offices until an election shall
be held after thirty days notice Of tn.