The herald., 1920-03-04
CHARTER OF THE >oITuEp~-
NENINENT COMPANY. IN
INCORPORATED

,"'''' N't'rS OF America, State az =
iSIant, Parish of Orleans. Cify' oS Lou
Orleans. lie it known. that ' an " New
tr"hth day of the month of T,n ~ uhlr-
ne year Of our Lord the ono Thn.y, In
Nm" hundred aHu Twentieth and usand
iu'rpeh4.H'r or the United stars me
fnnrtb ,E. one Hundred and Fs,tvt
IDlI'", nriurr mo, Arthur s. NoraanIy-
notary Public, duly comwiSSionaJ a
Hu1iili"d IN AMI for this civ 80 ana
! dLlah OF Orleans, therein rasidinn1 tle
III tu' } f'srh." OF thr witnesses basaiand
Ter named and Undersigned Da.aeeIInsi-
cam" and appeared ihc f,U,oinr iscnaiiy
"Ho>e names are A~rrruuto snh S.soIs
Io-"'hrF with The amounts of fheir sattssed,
IL subscriptions To the capital stnct
- "Ip"F4ilou To hr formed, who seys,U'
~ declare that, awaiting ,eIvas Se,stsl'
provisions OF the geur8I J,ws tne
Hiai" OF Louisiana relative 10 tho - lne
Edtlph o. corporations. they bav. tssI'
HahI"H ana agreed, mad do bv tbasa I'VE
- ''.s"'ht ana agree, and bind and ~
I'-''' themselves, as well as sucb vo-
persons as may hereafter becona otnet
.L1i"" win them or their Sucrasso,sSse
FORM ana constitute Themselves as 10
SoIpVTaIlOh n body polite in law a.,
Tor the objects and purUn.aS anJ sad
tO-wS Pu'''LoAS Following.
ARTICLE 1.-The name and ,itIa =, n,
,oIPOFalton shall be southern InveSutas
,O,nb"ny, Inc, and by this namo
nI oyiu corporation shall have nowo.
80" - "otnpFIiE 70 nave and enjoy snccas
sLoH iUF the run term of ninety .niua 80
from the date hereof: 10 contract seas
" Hutu 10 bOrrOw money; II mnk. 80
issue It's negotiable prOmiSsorv noto. anu
TtHtr evidences of Indebtedness. TO rrs.,s
IN w. MIKE ana use a corporate seal.
y purchase and receive, lease. hoId snh,
anu convey, as well as mortgage ana sn
PoIhecate, property, real. personal ~
mii'u, 10 name and appoint such eff;ca,'
anu agents as the interests of said en-,
pofdtlOn may require: 10 MAXI a n0o-
taDilSh such bylaws and raTnIationa 90
!ne proper management and reruIatian =,
us alialrS as may BE- deemed npcassa1A
ana the name to change. alter az.
amend at pleasure. a~u
ARTICLE 1.-THE dOmicile of this co,
p~oratlon shall be in the civ of Naw 0. M
leans, Parish of Orleans. tSate 90 VI
laha' ana all citations and other a.
process snail be served upOn the nraS;den.
OF the said corporation, or. in case Of hs
aDsehce' upon the vice president ar n
ficors Ine absence of both of these Of.
iIcerS' upon the secretary hereof.
ARTICLE II-The objects and =.
poses for which This corporation ia es-
taOlShed and the nature of the hpS;,es,
70 De carried on by it are declared n bs
me purchase and sale of notes. bonds ana
Otnet FORMS OF indebtedness secured by
Chdttel mortgage or retained title an er.
lohhoDlleS, quito trucks, tractors. and sv
otHtf IOrnr OF autOmotiye vehicles. IA
Iehd money on notes secured by ch,ttsl
mortgage, retained title or other form M
security to discount notes. IN jssna
deDehtureS; to act as brokers or agents
IN securing and placing Insurance N ali
natures and kinds on automobiles: and
generally TO do every act and thing sac.
'SSdrS or usually done in connection with
~ BUSINESS OF lending money evidenced
Dy notes and secured by mortgage. pledge
retained title or any form OF security
granted by law on automobiles suta
trucks, tractors and automotiye Vehicles
AkIlCLE lN.-The capital stock Of this
corporation shall be One Hundred Tventy
Thousand (s12O,OOO.OO) Dollars, divided
INTO n thousand two hundred Ua0I
SHARES or the par value of One Hundred
tSIOV.Vo) dollars each, and may be in
ereaseI 70 the sum of Five Hundred Thou
sahd (S0OO,OOO.OOl dollars, divided into
i've thousand $4,000 shares of the oar
value Of One Hundred (S1OO.OO) dollars
each, and this corporation is to be A 90
ing concern when One-half of the capital
stock mas been subscribed and sne-halt
Vi "nlcn subscription has been paid for.
Each share of said stock shall be EMIT.
led 10 one ~ vote, either in person or
Dy proxy, at all general elections or meet.
ings of the stockholders.
ARTiCLE V.-No stakeholder shall ever
De neid llable or responsible for the In
d~eOtednesS, faults or defaults Of this cor
porat1on, nor shall any mere i~nformality
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.
IL any, OF their subscriptions.
ARTICLE VI.-This corporation shall
nave all powers granted to such corpora
ions by law and shall have the power 10
contract, sue and be sued in its corporate
name and to Own hold, receive, lean.
lease, purchase, sell and convey or mort.
gage any and all of its effects, or to hy.
pothfcate Its property and to do any and
all acts and things of any other kind,
mature or description, as may be hecessarJ,
TO carry out the objects and purposes Of
said business as its interests and coz
veniences 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 Q
quorum for the transaction Of business
and the said board of directors as first
constituted shall be composed of Morris
Schmalhauser W. H; Rhett, T.: y
Call, and they shall hold office until ts
first Tuesday in February, 1920. and %
that day and on the same day thereafter
each year elections shall be held for d.
%rectors at the principal office of the cor,
poration and the election shall be held
between the hours of ten and twelve al
Failure to hold an election on the dsJ
specified shall not dissolve the corpen-
ton. but the directors shall hold tnes
respective offices until an election snan
be held after thirty days notice OF ~
time and place thereof given to each stech'
holder.
The said board of directors at their first
meeting shall elect from among thef
numbers a president, five vice-prestdeau
!. a secretary and a treasurer, provided. NV
, ever, that the same person may hold ss
{ offices of secretary and treasurer. he
secretary need not be a stockholdef VI
member of the board OF directors and az
vacancy in that office shall be filled 2.
the board. Directors may act either !"
person or by proxy.
ARTICLE VIII-Whenever this cor
poratiOn is dissolved. either by hmititlvss
: or for any other cause, its affairs saaa
be liquidated by the board or dlreSs't. Is
! who are hereby vested with full power y
? sell any or all assets of the corporsuvs,
4 either separately or in a mass, anG "
convey full and complete title theress'
3 and shall have full power to do and PEI,
form all acts necessary and proper .
, fully and completely liquidate the aIa .n
and distribute the proceeds, II any, au m
the stockholders of the said corpoiau''
to the amount of stock held by eacn:
: ARTICLE IX-This act Of incorporsuSs,,
| may be amended, altered and modlfleo ),
) this corporation. dissolved in the man"
provided by law. .a.I
7 Thus done and passed. in my notais,
1 office, in the City of New Orleans, IL
day, month and year first above wrt.sJl
= in the presence OF Salim b. Demie -
! Amanda C.. Stechmann. competent "
nesses, who bereunto sign their DALE.
together with the parties hereto ana ~"
/ Notary, after a reading OF the whole. A.
Witnesses: Selim B.. Lemle' A"A
4 G.. Steehmann. ..L
, Original Signed) Morris SchnS,
: hauser, 80 Poplar St. Atlanta, Ga, n
) Gilmore Reed. 100 shares; W.. ID. hn
l 80 Poplar ST., Atlanta, Ga, by ~ p.,.
Dad 400 .h.ra.. l. ~ nfRfQTnp - IVY.