The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-24
CHARTER OF SOUTHERN SEWING
MACHINE CO., INC.

MACHINE CO., INC.
State Of Louisiana, Parish Of Orleans,
City of New Orleans, Be 1t known, That
on this 10Th day of the month of February
in the year Of our Lord, one thousand
nine hundred and twenty -one. before me.
Charles Schneidau. a Notary Public, duly
commissioned and qualified In and for the
Parish of Orleans. City Of New Orleans.
State Of Louisiana. therein residing, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared, the several persons
whose names are hereunto subscribed, who
severally declared that, availing them selves
of the laws Of the State of Louisiana, in
such cases made and provided, they have
covenanted and agreed and bind them
selves as well as all such persons as may
hereafter become associated with them to
form a corporation for the objects and
purposes and under the articles and stipu-
lations following, to--wit:
ARTICLE 1.-The name Of this corpora
ton shall be SOUTHERN SEWING
MACHINE COMPANY, INCORPORATED.
and under Its said corporate name Ii shall
have power and authority 10 have ana
enjoy corporate existence and succession
for the full term and period of ninety mine
years from and after the date hereof; to
contract, to sue and be sued. to make and
to use a corporate seal and the same to
alter and break at pleasure: to hold, re-
ceive, lease. purchase and convey, as well
as mortgage and hypothecate property. real
personal and mixed, corporal and incor-
poreal; to make and appoint such managers
agents. directors and officers as Its business
interest and convenience may require, and
to make and establish, as well as alter and
amend from time to time such bylaws
rules and regulations for the proper gov
eminent of the affairs of said corporation
as may be necessary and proper.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New~0r-
leans State of Louisiana, and all citations
or other legal process shall be served upon
the President Of said corporation. or In
the event of his absence, upon the first
Vice president thereof, and in the absence
o. both Of said officers, upon the Secretary
Treasurer of said corporation.
ARTICLE III.-The objects and purposes
for which this corporation Is organized
and established and the nature of the
business to be carried on by 1t are hereby
declared to be: The carrying on of q
general sewing machine business; to buy,
sell or lease for their own account, as
agent. or on commission. sewing machines
Of all description; to deal In sewing
machine supplies, equipment and aces.
series. To buy and sell and to deal
generally In mechanical electrical appli.
ances. mechanical devices of every kind
whatsoever. And TO do all things Incl
dental to or connected with said business
This corporation shall further have the
right to acquire patent rights to such
materials, and shah have the right to
engage In the manufacture and sale OF
same.
ARTICLE Iv.-The capital stock Of this
Ten Thousand ($1O,OOO.OO) Dollars, divided
into and represented by one hundred
t1O0) shares Of the par value Of one hun.
bred ts10O.OO) Dollars each. Said stock
shall be paid for In cash, or in such In
stallments at such time and after such
notice to- subscribers as the Board of
Directors may fix, or same may be issued
at not less than par for labor. done or
services performed for said corporation,
or for property or rights actually re-
ceived by said corporation.
Five Thousand (s500O0o) Dollars of the
capital stock has been subscribed to the
corporation at the time Of the passing OF
this act Of incorporation, and this corpora
ton shall become a going concern and
shall be authorized to commence business
as soon as Five Thousand (S5O00.O0) Dol
lars of its capital stock shall have been
paid for, either in cash or for labor done,
or services performed for said corpora
ton. or for property or rights actually
transferred to IL.
ARTICLE v.-The capital stock Of this
corporation may be increased up to the
sum of Fifty Thousand ($50OOO.OO) Dol
lars. by d vote of twO-thirds Of all the
stock, at a meeting called for that parpose
ARTICLE vI.-Transfer of stock shall
| ton. subject to such regulations and for
malities as the Board of Directors may
prescribe. Any stakeholder wishing t.
sell his stock must offer the same In
writing to the other stockholders. through
the Board of Directors, at a price not ex
| ceeding the book value thereof. who shall
have an option to purchase all shares Of
stock to be disposed Of by sale, resigna
| ton, death. or otherwise, of any Of it,
members, and they shall have fifteen day.
| In which to accept or decline said offer
| Should the Board of Directors decline Il
purchase any stock, the stakeholder WHIT
| has made the offer to sell, may then dis
pose of his stock In any manner or at an!
price he may see fit, but any sale o.
| transfer made by a stakeholder in viola
| ton Of this article shall be void. and n
| transfer of stock shall be made on tn
/ books Of the corporation unless the pro
ARTICLE yII-All the corporate power
4 Of this corporation shall be vested in ant
exercised by a Board of Directors. com
posed Of three stockholders. two Of whom
i shall constitute quorum for the trans
| action Of business. Any director may b
ing Of the Board Of Directors Of this cor
poration, and when so represented shal
count as one Of those necessary to con
stitute a quorum Messrs. f. +. jerks
president: Edgar o. Sugur, vice-presideni
and George B. Randolph, secretary-treas
urer, shall composed the first Board o
Directors OF this corporation. The frs
/ Board Of Directors shall serve until tn
seventh day Of March, 1922, after whic
! the directors shall be elected annually b
i the stockholders at a meeting to be held o.
the last Friday In February, In each veal
| Said meeting Of the stockholders to b
preceded by fifteen days notice In writin
sent to each stakeholder, at his or her las
known place Of residence. Each stock
holder shall be entitled In person or b.
proxy to one vote for every share owne
by him or her, which said stock may b
voted cumulatively; all elections shall b
held under such rules and regulations a
may be determined by the Board of Di
i rectors. The directors, when elected. shal
/ continue in Office for one year and unit
their successors shall have been dull
elected, and shall have been qualified. N
failure to elect shall, operate the for
/ fixture of this charter or any right unde
the same. Any vacancy occurring on sal
board shall be filled by the remaining di
rectors for the unexpired term.
i ARTICLE vIII.-The funds of this COZ
/ poration shall be deposited from time {
/ time in a bank or banks to be selecte
by the Board of Directors. All checks
notes. or instruments drawn or execute
i or issued In said corporations name sha
be countersigned by an ofiicer, who sha
be designated by the Board Of Director
of this corporation. The officer so desie
mated may be changed at any meeting q
the said Board Of Directors. No oficis
shall thus sign or endorse the name of tn
corporation save strictly In Its concerns
1 ARTICLE IX.-This act of ipcorporatfo