The herald., 1920-12-30
CHARTER OF MODEL MACHINE
MOEkS INC.


isiana. Parish of Orleans, City of New Or
leans. BE il known that on this 10Th day
of the month of November. IN the year OF
our Lord one thousand nine hundred ana
twenty, and of the Independence OF lHI
United States Of America the one hundred
and forthwith. before me. Gabriel FER
uaudcZ, Jr.. notary public, duly com
miSsioned and qualified, in and TOT TINS
CITY parish and State. therein residing
and I'm the presence of tn" witnesses mere
matter named and undersigned. personally
came and appeared the following named
persons whose names are hereuntO SUB
scribed together with the amounts OF their
respective subscriptions to the capital
stock of the corporation to he formed, VINO
Seyprally declare. that. availing themselves
of the provisions of the general laws OF the
State Of Louisiana relative TO the organlza-
ton of corporations, they have covenanted
and agreed, and by these presents cove
nant and agree and bind and Obligate
themselves. well as such other persons
as may hereafter become associated with
them or their successors, to form and con-
stitute 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 Model Machine Works,
Incorporated. and by that name this cor
poratiOn shall have power and authority
to enjoy succession for the full term of
ninety nine years from the date hereof :;
to contract, sue and be sued: to borrow
money, TO make and issue its negotiable
debts, to make and use corporate seal.
to purchase and receive, lease, hold, sell
and convey. as well as mortgage and
| hypOthecate, property, real. personal and
mixed: TO build on and improve any prop
| erty or real estate; to name and appoint
| such officers and agents as the interests Of
| said corporation may require; to make ana
| establish such by laws and regulations for
| the proper management and regulation of
doomed
and the same to alter, change and amend
| at pleasure.
ARTICLE 1.-THE domicile of this cor
| pOratiOn shall be the CITY or New Or
| leans, state OF Louisiana. and all citation
| and other legal process shall be served up
| on the President of this corporation, or.
| in his absence, upon the Vice President.
| or, in the case of the absence of both of
| these officers, upon the Secretary Treas
| urer thereof.
| ARTICLE III.-The objects and DUR
/ poses for which this corporation is estab-
| lished and the nature OF the business 10
| be carried on by it, are hereby declared 10
\ be to do a general machine repair shOp
| chinery, whether working on contract or
| on toll; to purchase secondhand machines
| tools and equipment. repair and DISPOSE
| of same to contract for the general renair
| of machinery, or for the furnishing of ma
| chinery or machine shop equipment: to
| furnish labor for the repair of machines
| and generally to do each and every act
| and thing done in connection with the on
| Grafton of a general machine shop bust
| ness, whether done on the premises of the
| company or elsewhere under contract.
| ARTICLE IV.-The capital stock of this
| corporation shall be five thousand dollars
| (S5OoO), divided into fifty 500 shares OF
| the par value of one hundred dollars
| $500 each. and may be increased to tn,
| sum of fifty thousand dollars $50 00), di
| vided into five hundred shares of one hun.
dred (S100) dollars each, and this corpor
| alton is to be q going concern when one
| half of the capital stock has been sub
scribed for and one-half thereof paid for
! Each share of the stock shall be entitled
to one vote, either in person or by proxy
at all general elections or meetings OF
stockholders. Should the capital stock Of
| this corporation ever be increased Ovel
the sum of five thousand (S5,O00) dollars
| then such additional shares of stock thai
| may be issued shall first be offered to thu
| holders of stock at the time of issuance
at the book value of said new stock in tn,
| proportion in which the stockholders shall
/ at the time of issuance hold stock in thi!
corporation, and should any stOckholde
| not purchase his proportionate share, theI
said share shall be offered to other stock
holders in proportion to the number o
shares held by them nc the time of the is
suance of the new stock. Part of the stool
has been paid for in property, as per an
neXed inventory.
ARTICLE V.-The capital stock of thi
corporation may be paid for either il
money, property or labor done, and in con
| SideratiOn of the transfer by Seabron q
Brock. of the property described in the in
ventory attached hereto, the corporation
has given and transferred TO the said Sea
brOn o. Brock forty-four shares of tn
capital stock Of this corporation in pay
ment Of the property described in said in
yentOry and has granted full discharg
and acquittance to him for fOrty-fOu
shares of the capital stock of this corpora
ton.
| ARTICLE VINO stOckholder shall eve
be held liable or responsible for the in
debtedness, faults or defaults of this cor
p pOratiOn, nor shall any mere informalit,
: in the organization of the corporation hav
the effect of rendering the charter null
e or of exposing the stockholders to an
a liability beyond the unpaid balance,
any, on his stock subscription. Shout,
r any stakeholder desire to sell his stock
{ he shall first offer tie same TO this cor
pOration itself. through its Secretary
( Treasurer, which shall have first prefer
a | ence thereon, and then to the stakeholder
of the company, at its book value and tn
= stockholders who deste to purchase shal
$ have the right to purchase the same Il
Y | the proportion to theii respective holding
o of stock in the company. Should an
b stakeholder not wish b purchase his pro
q | pOrtionate share, then his share shall b
5 offered to the other stockholders proper
: tionate to the number of shares owned b
$ them. Should this corporation, or sal
: stockholders, in fiftee days after motto
t having been given in writing, fail or 70
v fuse to purchase the sock offered for sal,
a such stock may be old to anyone n
+, transfer of stock shfl be made or beI
l. to be valid and binding unless made i