The herald. [volume] (New Orleans, La.) 1905-1953, 1920-03-25
CHARTER OF THE SOUTHERN IN
yESTMENT COMPANY,
INCORPORATED.

United States of America, State of Lou
isana, Parish of Orleans, City of New
Orleans BE it known, that on this thir-
teenth day Of the month of January, in
the year of our Lord the One Thousand
Nine Hundred and Twentieth and of the
Independence of the United states or
America the One Hundred and Forty
| fourth. before me, Arthur A. Moreno, |
Notary Public, duly commissioned and
qualified, in and for this City and the
| Parish of Orleans therein residing, ana
| in the PRESENCE of the witnesses hereinaf- |
| ter named and undersigned, personally |
| came and appeared the following persons
| whose names are hereuntO subscribed,
| together with the amounts of their respec-
tive subscriptions to the capital stock OF
the corporation to be formed, who several
ly declare that, availing themselves OF the
provisions of the genral laws of the
State of Louisiana relative to the organi-
zation of corporations, they have cove
nanted and agreed, mad do by these pres
ents covenant and agree and bind and OBJ
ligate themselves, as well as such other
persons as may hereafter become asso-
ciated with them or their successors, to
, corporation and body polite in law, and
for the objects and purposes and under
, the agreements and stipulations following,
to-wit:
corporation shall be Southern Investment
Company, Inc, and by this name and
title said corporation shall have power
and authority to have and enjoy success
sion tor the full term Of ninety nine years
o from the date hereof; to contract, sue and
be sued; to borrow money; 10 make and
\ issue its negotiable promissory notes or
| other evidences of indebtedness; to create
il debts; to make and use a corporate seal
v to purchase and receive, lease, hold, sell
= and convey, as well as mortgage and by.
h pOthecate, property, real, personal and
= mixed: to name and appoint such officers
q and agents as the interests of said cor
n poration may require; to make and es-
- tablish such bylaws and regulations for
4 h. m LAT a
n its affairs as may be deemed necessary
= and the name to change, alter and
y amend at pleasure.
- ARTICLE 1.-THE domicile of this cor
pOration shall be in the City of New Or
leans, Parish Of Orleans, tSate of Louis
st lana, and all citations and other lega
4 process shall be served upon the president
ID of the said corporation, or, in case of hi
20 absence, upon the vice-president, or, il
as case Of the absence of both of these of
s. ficers, upon the secretary hereof
v. ARTICLE III.-The objects and pur
o. poses for which this corporation is es
Id tablished and the nature of the bushes
T. to be carried on by it are declared to b
the purchase and sale of notes, bonds an
other forms of Indebtedness secured b.
" chattel mortgage or retained title on au
ce tomobiles, auto trucks, tractors. and an
ce other form of automotive vehicles; {
ig lend money on notes secured by chatte
mortgage, retained title or other form Q
OF security; to discount notes; to issu
n debentures; to act as brokers or agent
n in securing and placing insurance of a
to natures and kinds on automobiles; an
de generally to do every act and thing me-
ig, essary or usually done in connection wit
ge the business of lending money evidence
ed by notes and secured by mortgage, pledg
30 retained title or any form of securti
xix granted by law on automobiles, aut
trucks, tractors and automotive vehicle
ARTICLE Iy.-The capital stock Of tn
to Thousand ($12O,OOO.OO) Dollars, divide
mi into one thousand two hundred U,2O'
its shares of the par value Of One Hundre
m ($100.OO) dollars each, and may be ii
To- creased to the sum of Five Hundred Tho
of sand $500, 0OO.0O) dollars, divided in
by five thousand $4,000 shares OF the p'
its value Of One Hundred (s1O0OO dolla
each, and this corporation is to be a g
ing concern when one-half of the capt.
re- stock has been subscribed and one-ha
the of which subscription has been paid 70
tho Each share of said stock shall be emit
INV led to one ~ vote, either in person
ave by proxy, at all general elections or NEE
uII ings of the stockholders.
Dil- ARTICLE V.-No stakeholder shall ev
be held liable or responsible for the
debtedness, faults or defaults of this co
poration, nor shall any mere informali
In in the organization of the corporate
have the effect of rendering the chart
md any liability beyond the unpaid balan'
ten If any, of their subscriptions.
and ARTICLE yI-This corporation sh
Vho have all powers granted to such corpor
dlu tlOnS Dy law anu snail nave lHe power
adj contract sue and be sued in its cOrpora
name and to own, hold, receive, loa
J lease, purchase, sell and convey or mo-
.ps: gage any and all of it's effects, or to
fife, pothecate it's property and to do any a
all acts and things Of any other XII
~, nature or description, as may be necessa
,ns to carry out the objects and purposes
ba, said business as it's interests and CO
,or' yeniences may require.
was ARTICLE VII.-The business of Il
In corporation shall be directed by and We
ed in a board of directors of five me
bers, three of whom shall constitute
u quorum for the transaction Of busin'
~ and the said board of directors as I'll
constituted shall be composed Of Nor
10 Schmalhauser, W. II. Rhett, f..
''' O'Beirne, Clifford Lochridge and f.
Call. and they shall hold office until
u, first Tuesday in February, 1920 and
'Es- that day and on the same day thereaf
each year elections shall be held for
rectors at the principal office Of the c
poration and the election shall be b
ans. between the hours Of ten and twelve a.
that Failure to hold an election on the
bru- specified shall not dissolve the corpo
iser, ton. but the directors shall hold 70
Il oil