The herald., 1920-03-11
CHARTER OF TIE SOUTHERN IN
NESTMENT COMPANY,
I\CORPOR ATED.

Orleans. he it known, that on this thir-
tc"nth day of the month of January, in
the year of our Lord the one Thousand
Mn" Hundred and Twentieth and of the
Independence Of the United States of
America the one Hundred and Forty
fourth. before me. Arthur y. Moreno
Notary Public. duly commissioned and
qualified. in and for this City and the
Parish of Orleans, therein residing. and
IN III" reSence OF the witnesses hcreinaf
ter named ana undersigned. personally
came and appeared the following persons
whose names are hprruntO 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-
zatlon of corporations, they have cove
nanted and agreed, mad do by these pres
cntS covenant and agree, and bind and OBJ
liSate themselves, as well as such other
persons as may hereafter become assO-
lated win them or their successors, TO
form and constitute themselves into
corporation and body polite in law and
Tor 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
htl" SAID corporation shall have power
ana authority to have and enjoy success
sion Tor the full term of ninety nine wears
from the date hereof; to contract sue and
be sued; to borrow money; ID make and
Issue Its negotiable prOmiSsory notes or
othtr evidences of Indebtedness; to create
utptS' 10 make and use a corporate seal !:
10 purchase and receive, lease, hold sell
ana convey, as well as mortgage and by
pOthecate, property, real. personal and
mixed; TO name and appoint such officers
ana agents as the interests of said cor
pOrauOn may require; to make and es-
tabliSh such bylaws and regulations for
me broper management and regulation Of
It's affairs as may be deemed necessary
ana the name 10 change, alter and
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
lana, and all citations and other legal
process shall be served upon the president
or the said corporation, or. in ease of his
absence, upon the vice-preSident or in
Ease OIL the absence of both of these Of
Ulcers, upon the secretary hereof.
ARTICLE III-The objects and mr.
poses for which this corporation is es-
tabliShed and the nature of the business
10 be carried on by it are declared to be
me purchase and sale of notes, bonds and
Other forms of Indebtedness secured by
chattel mortgage or retained title on au-
tomOblleS, auto trucks, tractors and any
Other form of autOmotive vehicles; TO
Iehd money on notes secured by chatteI
mortgage, retained title or other form of
security; to discount notes; to issue
deDentureS; to act as brokers or agents
III securing and placing insurance of all
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
Dy notes and secured by mortgage, pledge
retained title or any form of security
granted by law on automobiles anto
| trucks, tractors and automotiye vehicles
ARTICLE IV.-The capital stock of this
corporation shall be One Hundred Twenty
Thousand ($1200O00O Dollars, divided
INTO one thousand two hundred n on0(
shares of the par value of One Hundred
tNlOOoO) dollars each. and may be in
creased to the sum of Five Hundred Thou
sand $500, OO0.00) dollars divided into
i've thousand (5,0OO) shares of the par
value of One Hundred (S1O0OO) dollars
each, and this corporation is to be a 90
ing concern when one-half of the capital
stock has been subscribed and one-baIf
or which subscription has been paid for
Each share of said stock shall be entit-
,ed 10 one ~ vote, either in person or
| ings of the stockholders
ARTICLE V.-NO stakeholder shall ever
ne held liable or responsible for the in
debtedness, faults or defaults of this cor
Poratlon, nor shall any mere informality
IN the organization of the corporation
nave the effect of rendering the charter
nun or or exposing the stockholders to
any liability beyond the unpaid balance
II any, of their subscriptions.
ARTICLE VI.-This corporation shall
| nave all powers granted to such CORPORA
tions by law and shall have the power 10
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 hy-
pothecate its property and to do any and
all acts and things of any other kind
nature or description. as may be necessary
10 carry out the objects and purposes of
said business as its interests and con-
NenlenceS may require.
ARTICLE VII.-The business of this
corporation shall be directed by and vest
ed in a board OF directors of five mem
bers, three of whom shall constitute a
quorum for the transaction of business
and the said board of directors as first
constituted shall be composed of Morris
Schmalhauser, W. II. Rhett, f. n.
O'Beirne, Clifford Lochridge and f. L.
Call, and they shall hold office until the
first Tuesday in February, 1920. and on
that day and on the same day thereafter
each year elections shall he held for d.
rectors at the principal office of the GER
poration and the election shall be held
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 their
respective offices until an election shall
be held after thirty days notice Of the
time and place thereof given to each stock
holder.
The said board of directors at their first
meeting shall elect from among their
numbers a president, five vice. presidents,
secretary and q treasurer, provided, how