The herald., 1920-01-29
CHARTER OF sfHE AUTOMATIC REG.
lister SALES COMPANY. INC.

| United states OF America, State Of Louis
lana, Parish Of Orleans, City of New Or
leans. Be it known, that on this 10Th
day of the month of January, in the year
or our Lord, one thousand, nine hundred
and twenty: before me, Henry George
ed and qualified in and for the Parish
and State aforesaid, therein residing, and
IN the presence of the witnesses herein
after named and undersigned, personally
| came and appeared the persons whose
names are hereunto subscribed, who sew
orally declared that. availing themselves
OF the provisions of the laws Of this
State relative to the organization OF
nanted and agreed to bind. form and
constitute themselves, and do hereby bind
form, and constitute themselves, as well as
an such other persons as may hereafter
join or become associated with them, into
corporation and body polite in law, ror
the objects and purposes and under the ar
ticles, agreements and stipulations fol-
lowing, to-wit:
ARTICLE The name and style of
this corporation shall be the Automatic
Register Sales Company, Inc, (of Louis
lanai and under that name IL shall have
and enjoy all the rights, advantages and
privileges granted by law to corporations,
and shall exist for the period Of ninety
nine years from this day. 1t shall have
power to contract. sue and be sued; to
same to break and alter at pleasure; to
hold, receive, lease. reclaim, purchase and
convey, as well as mortgage, hypotbecate
and pledge property, both real and per-
obligations or negotiable instruments; to
name and appoint such managers, direc-
tors, omcers, agents and other employees,
as the interest and convenience Of said
make and establish such bylaws, rules
and regulations for the management and
control of its business and affairs as may
De deemed necessary or expedient, and
nd nj ar ~ al
and to do all acts and things necessary
ana proper 10 carry out the objects and
purposes Of said corporation.
AkTiCLE 1.-THE domicile Of said cor
poration Is hereby fixed in the City of
New Orleans, in this state. All citation
ana other legal process shall be served
on the president and, in his absence, on
the secretary of the corporation.
ARTICLE In.-The objects and pur-
poses Tor which this corporation is Or
gantzed and the nature of the business
to be carried on by 1t, are hereby de-
the contractual rights of A. Fred. Built
man, yr., in and to two certain contracts
with the Automatic Bookkeeping Register
Company Of Delaware: to have the ex-
elusive sale for the State of Louisiana of
automatic bookkeeping registers and ad-
ding machines, and all accessories there
unto belonging, manufactured or to be
for the exclusive sale for the State of
Louisiana of all other products that may
or shall be manufactured by the said
Automatic Bookkeeping Register Com
pany Of Delaware; and generally to do
ana engage In any other business, I'M
dertakfng or enterprise, connected with
growing out of or incidental to any of the
purposes hereinabove set forth.
The consideration for which said con-
tractual rights are to be acquired is here
by declared to be the sum Of nineteen
thousand. eight hundred ($19 100000 dor
lars, represented by one hundred and
ninety eight u9S) shares of this corpora
ton of the par value of one hundred
tS1OOOO) dollars each.
ARTICLE Iv.-The capital stock on said
corporation is hereby fixed at the sum
OF twenty thousand $50. 0O00O dollars
divided into two hundred shares of the
par value OF one hundred dollars each,
which stock shall be paid for in cash
or property, at such times and In such
amounts as may be determined upon by
the Board Of Directors.
This corporation shall issue to the said
Bultman one hundred and ninetey EIGHT
shares OF stock, all full paid and non.
assessable. and said Bultman hereby sub
scribes for said shares Of stock. the same
TO be paid for by being accepted in full
payment OF the contractual rights sold to
this corporation.
Other subscriptions to said capital stock
snail De paid for In cash, at such times