The herald. [volume] (New Orleans, La.) 1905-1953, 1920-12-23
CHARTER.
CHARTER OF MODEL MACHINE
WORKS INC.


United States of America. State of Lou
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 and
twenty, and of the Independence of the
United States of America the one hundred
and forty fifth, before me, Gabriel Fer
nandeZ. Jr.. n notary public, duly com
missiOned and qualified. in and for this
city, parish and State, therein residing.
and in the presence of the witnesses here
inafter 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 be formed, who
severally declare that. availing themselves
of the provisions of the general laws of the
State of Louisiana relative to the organiZa-
ton of corporations, they have COvenanted
and agreed. and by these presents cove
nant and agree and bind and obligate
themselves. as 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
70 enjoy succession for the full term of
ninety whine years from the date hereof :
70 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
hypethecate, 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 and
establish such bylaws and regulations for
the proper management and regulation of
Its affairs as may be deemed necessary
and the same to alter, change and amend
at pleasure.
ARTICLE 1.-THE domicile of this cor
pOration snail 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 pur-
poses for which this corporation is estab-
lshed and the nature of the business to
be carried on by II, are hereby declared 10
be 10 do general machine repair shop
business, to manufacture machines or ma
chlnery, whether working on contract or
on toll; to purchase second hand machines
TOOLS and equipment, repair and dispose
OF same; to contract for the general repair
OF machinery, or for the furnishing of ma
chlnery 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 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
tSo'OVo), divided into fifty (jO) shares of
the par value OF one hundred doIIors
SlOo) each, and may be increased 10 the
sum OF nifty thousand dollars $50 OOOl al
Nlded into five hundred shares of on hun
dred (SlOO) dollars each. and this corner
atoh is TO be going concern when dnc-
. hali OF the capital stock has been snb.
I scribed for and one-half thereof maid 70.
Each share of the stock shall he entitIo5
10 one vote, either in person or by nroTy
AZ All general elections or meetings ~
stockholders. Should the capital stock of
thls corporation ever be increased Over
the sum OF five thousand ($5.OOO) dollars
then such additional shares of stock that
may be issued shall first be offered 10 the
holders of stock at the time of issuance
at the book value Of said new stock In the
proportion In which the stockholders shall
at the time of issuance hold stock in this
corporation, and should any stockholder
not purchase his proportionate share then
said share shall be offered to other stock