The herald., 1920-02-19
CHARTER OF THE SOUTHERN IN
yESTMENT COMPANY,
INCORPORATED.

INCORPORATED.
United States Of America, State of Lou.
isiana, Parish of Orleans, City of New
Orleans. Be 1t known, that on this thir-
the year of our Lord the One Thousand
Nine Hundred and Twentieth and of the
Independence of the United States OF
America the One Hundred and Forty
Notary Public. duly commissioned and
qualified. In and for this City and the
Parish Of Orleans, therein residing, and
in the presence of the witnesses hereinaf-
ter named and undersigned, personally
came and appeared the following persons
whose names are hereunfo 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
form and constitute themselves into q
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 Southern Investment
title said corporation shall have power
and authority to have and enjoy success
sion tor the full term of ninety nine years
from the date hereof; to contract, sue and
issue its negotiable promissory notes or
other evidences Of Indebtedness; to create
debts; to make and use a corporate seal
to purchase and receive, lease, hold, sell
and convey. as well as mortgage and by:
pothecate, property, real, personal and
mixed; to name and appoint such officers
and agents as the interests of said cor
porafton may require; to make and es-
tablish such bylaws and regulations for
the proper management and regulation of
its affairs as may be deemed necessary,
and the name to change, alter and
amend at pleasure.
ARTICLE 1.-THE domicile Of this cor
poration shall be in the City Of New Or
lana, and all citations and other legal
process shall be served upon the president
OF the said corporation, or, in case Of his
absence, upon the vice.president. or, in
case of the absence of both Of these Of
ficers, upon the secretary hereof.
ARTICLE II.-The objects and pur-
poses for which this corporation IL es-
tablished and the nature Of the business
to be carried on by IL are declared to be
the purchase and sale Of notes, bonds and
cnattel mortgage or retained title on au.
tomobiles, auto trucks, tractors, and any
other form of automotive vehicles; to
tend money on notes secured by chattel
mortgage, retained title or other form of
security; to discount notes; to issue
debentures; to act as brokers or agents
In 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
by notes and secured by mortgage. pledge.
retained title or any form OF security
granted by law on automobiles, auto
ARTICLE Iv.-The capital stock Of this
corporation shall be One Hundred Twenty
Thousand t$120,00000) Dollars, divided
into one thousand two hundred 1,200)
shares Of the par value Of One Hundred
creased to the sum of Five Hundred Thou
sand $500, 000.00) dollars. divided into
five thousand $4,000 shares of the par
value Of One Hundred ($100.00) dollars
ing concern when one-half Of the capital
stock has been subscribed and one-half
Of which subscription has been paid for.
Each share Of said stock shall be entit-
by proxy, at all general elections or meet
ings of the stockholders.
ARTICLE v.-No stockholder shall ever
be held liable or responsible for the in
debtedness, faults or defaults Of this cor
poration, nor shall any mere informally
" INC wi RSH atioh
have the effect Of rendering the charter
null or Of exposing the stockholders to
any liability beyond the unpaid balance,
II any. of their subscriptions.
ARTICLE vI.-This corporation shall
have all powers granted to such corpora
lions by law and shall have the power to
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 n.y.
pothecate its property and to do any and
all acts and things of any other kind,
nature or description. ms may be necessary
to carry out the objects and purposes Of
said business as its interests and con-
yeniences may require.
ARTICLE vII.-The business of this
corporation shall be directed by and vest
ed In board of directors of five men,
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 Norris
Schmalhauser. w. H. Rhett, Il. N.
O'Beirne. Clifford Lochridge and II. L.
Call. and they shall hold office until the
first Tuesday in February, 1890, and on
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 a. m.
Failure to hold an election on the day