The herald., 1921-07-07
CHARTER.
CHARTER OF SOUTHERN ELECTRO
LYTE BATTERY CO., INC.

STATE OF LOUISIANA, PARISH OF
ORLEANS, CITY OF NEW ORLEANS
Be it known, that on this Both day OF
June in the year one thousand nine hun
dred and twenty -one (192D, before me
Robert T.. O'COnnOr, N notary public
duly commissioned and qualified in and
for the Parish of Orleans. State of Lou
isiana, and in the presence of the wit
nesses hereinafter named and under
signed, personally came and appeared the
several persons whose names are here
unto subscribed, who each severally de-
clare that, availing themselves of the
provisions of the laws of the State OF
Louisiana relative to the organization OF
agreed, and do by these presents, mu-
tually covenant and agree and bind
themselves, to and with each other. as
well as such other persons who may
to form and constitute corporation and
body polite in law, for the objects and
purposes, and under the agreements and
stipulations, following, viz:
ARTICLE /. The name and title of
this corporation shall be SOUTHERN
ELECTROLYTE BATTERY COMPANY,
INC, and under its said corporate name
shall have power and authority to have
and enjoy succession, for the full term
of ninety-nine 1907 years, from and after
the date hereof, to contract, sue and be
sued, to make and use a corporate seal
anu the same " VI dlIeT at DlttS-
ure; to hold, receive, lease, purchase and
convey, as well as to mortgage and
hypothecate property, real, personal and
mixed, corporal and incorpOreal: II
name and appoint such officers, managers
agents and directors as its business in
and to make and establish, as well as
alter and amend from time to, time
such bylaws, rules and regulations. for
the proper government of the affairs
Of the corporation, as may be necessary
and proper.
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
Orleans, Parish of Orleans. state of
Louisiana, and all citations or other
legal sprodess shall be served on the
President Of said corporation, or, in the
event of his absence on the Presi-
dent.
ARTICLE III.-The objects and pur-
poses of this corporation are declared
to be, to buy, sell and manufacture all
electric supplies, all automobile accessor-
les, storage batteries of every kind and
description, and to repair same, and 10
do and perform general electric repair
work, and to buy and sell any character
of material and furnish any kind of labor
and generally to contract any business
appertaining to or necessary to same.
ARTICLE Iv.-The capital shock Of
said corporation is hereby fixed at
lars. divided into five hundred shares of
the par value of fifty dollars each. Said
stock or any part thereof may be issued
for cash, and in payment for the pur-
chase of merchandise. machinery, plant,
real estate, fixtures, furniture, contracts ;
goodwill; supplies and other materials
actually delivered, or services actually
rendered to this company. The Board
of Directors as hereinafter created is
especially authorized to dispose of the
90 t.. IL -,
part, for any and all Of the purposes
above stated, as in its Judgment may
seem fair and proper. This Company
shall begin business as soon as twelve
thousand seven hundred fifty dollars of
Its ttock shall have been Nsubscfibed,
and this charter shall be the original
subscription list.
ARTICLE v.-All the corporate powers
Of this corporation shall be vested In and
exercised by a Board of Directors COM
posed of three stockholders. who shall
be elected annually on the last Monday
In June of each year, beginning 1922.
majority of said board shall constitute
quorum for the transaction of any and
all business.
At all elections each stakeholder shall
be entitled to one vote for each share
held by him, and a majority of votes cast
shall elect. A failure to elect directors
at regular meeting shall not dissolve
the corporation. but the directors then in
office will continue to act until their
successors are elected and qualified. No
tice of the time of holding any and all
meetings shall be given by the Secretary
to each stakeholder at his last known adj
dress, two days before meeting.
Immediately upon being elected. the d.
rectors shall elect from among their own
number a President, yice-President and
a Secretary Treasurer.
The said Board shall also have power
and authority to borrow money through
the President or Vice President, or some
other duly authorized agent or agents.
to execute mortgages and issue notes.
bonds or other obligations, and generally
to do all the things necessary for the
proper carrying on of the business Of the
said corporation; and also to issue and
and deliver full paid shares of stock and
bonds and other obligations of the said
corporation in payment of the money Dor
rowed, or money. labor, services, prop
erty or rights actually received by the
said corporation, as hereinafter set forth.
Vacancies in the Board of Directors shall
be filled by the remaining members of
the Board.
Until the next meeting to be held un-
der this charter, or until their duly quail
flied successors are elected and installed
the Board of Directors shall be composed
Df Walter A Dilzell. who shall be Pres
dent; William II. Sullivan, Vice-President,
md John Cornelius Sullivan, who shall
De Secretary Treasurer.
ARTICLE vI.-The capital stock NAV
De increased to the sum of Fifty Thousand