The herald., 1921-01-13
CHARTER OF MODEL MACHINE
WORKS, INC.

CHARTER OF MODEL MAChiH
WORKS, INC.
r-ritod States of America, State OF Lou
onl'eI poriSb of Orleans, City of New, Or
ioanS Re il known that on TINS 1Oth urt
of the month of November, IN the se1i "a
our Lord one thousand nine huhuieSs .ha
twenty. and of the independence VI -
Tnitei states of America the one huh9Teu
and forty fifth, before me. GaOriel re
nandez. Jr., a notary public, duIy con-
missioned and qualihed, III anu loL iai &C.
CITY. parish and State, therelh resi bnro
and in the presence of the witnesses ny
inofter named and undersigned, persOhailA
came and appeared the following hallSu
persons, whose names are heIeus .bair
scribed together with the amounts Vi - ~
raSnective subscriptions to the caplta
stock of the corporation to be formed Who
seyeraIIy declare. that aValllng lhehssit ~
of the provisions of the general laws Vi ~. Ine
State of Louisiana relative 10 the Vi st,
| tion of corporations, they have coVehanteu
| and agreed. anG ny these presents cove
nant and agree and bind anu oOnsate
| themselves, as well as sucrr Other Pels SUI
| as may hereafter become assocIateu VIZ.
| them or their successors, to form ana con,
| stitute themselves into corporation anu
| hodv nolitic in law. and for the OBJECTS
| and purposes, and under the agreements
| and stipulatiOns following, to-wit: At
| ARTICLE 1.-The name ana tue OF ms
CONFORMATION shall be Model Machine WORKS,
| Incorporated. and by that name TINS cor
! marathon shall have power and authority
TO enjoy succession for the tuiI term oi
| ninety-nine years from the date hereol
| 10 contract sue and be sued; to DorroW
money. to make and issue its negotlaDi'e
debts to make and use corporate sea-;
to purchase and receive, lease, holu' SCI,
| and convey, as well as mortgage ana
| hypothecate property, real, personal ana
mixed; to build on and improve any prop.
erty or real estate; to name ana appOlh,
, such officers and agents as the interests VI
ion ma V
' establish such bylaws and regulations Iol
. the proper management and regulation o.
I its affairs as may be deemed necessary
: and the same to alter change anu aheh'
ARTICLE 1.-THE domicile of this cor
/, poration shall be the City or New or
f leans State of Louisiana, and all cltatloi
/ and other legal process shall be served up
# on the President of this corporation, OF
@ in his absence, upon the Vice President
l. or in the case of the absence OF Doth o
IS these officers, upon the Secretary-Ireas
o urer thereof.
is ARTICLE IU-The objects and pur
IL poses for which this corporation is estan
d lished and the nature of the business I
IL be carried on by It, are hereby declared I
, he to do a general machine repair shO
l. business to manufacture machines or ma
g chinery, whether working on contract Q
l. on toll to purchase second hand machlne
tools and equipment, repair ana dlspoS
le of same; to contract for the general repal
",
r chinery or machine shop equipment; !
" furnish labor for the repair of machine
y and generally to do each ana every az
~ and thing done in connection with the ol
III Grafton of a general machine shop Dus
ness whether done on the premises OF u
is company or elsewhere under contract.
We ARTICLE IV.-The capital stock of tn
TO corporation shall be five thousand dolla
m m ($5,OeO), divided into fifty (50) shares
ed the par value of one hundred dolla
eu $1,000 each, and may be increased to Il
Il sum of fifty thousand dollars ($5O'OOO),. q
NE vided into five hundred shares of one hui
e dred (S1O0) dollars each, and this corpo
81, alton is to be a going concern when on
er half of the capital stock has been su
III scribed for and one-haf thereof paid fc
Each share of the stock shall be entitl
m | to one vote, either IN person or by prox
he at all general elections or meetings
on Stockholders Should the capital stock
this corporation ever be increased oy
on the sum of five thousand ($o,OOOl dollar
* then such additional shares OF stock IN
)O) may be issued shall first be offered to I
holders of stock at the time OF issuan
he at the book value of said new stock in t
ng proportion in which the stockholders sh
vi at the time of issuance hold stock IN u
ice corporation, and should any stockhoiC
on not purchase. his proportionate share, IN
to said share shall be offered to other stot
lall Tholders in proportion to the number
ian shares held by them at the time OF ,n le,
aid suance of the new stock. Part OF the SIC
ard has been paid for in property, as per
led neXed inventory.
ARTICLE V.-The capital stock of {
ay- corporation may be paid for either
an money, property or labor done, and in c.
the sidaration of the transfer by Seabron
and Brock of the property described in the
the yentory attached hereto, the corporal
end has given and transferred to the said 5
on bron o. Brock forty-four shares OF
res, | CAPITAL stock of this corporation In p
mai ment of the property described In said
by | yentory and has granted full d1scha
and acQuittance to him for forty-1
the shares of the capital stock of this corpo
ON ton.
eoi' ARTICLE VINO stakeholder shall c
IN! be held liable or responsible for the
IN debtedness faults or defaults of this
SUI, | poration, nor shall any mere informa
So in the organization of the corporation
the effect of rendering the charter
tho or of exposing the stockholders TO
) in liability beyond the unpaid balance,
oct any, on his stock subscription. She
~ any stakeholder desire to sell his ST
,,not he shall first offer the same to this
poration itself. through its Secrets
, of Treasurer, which shall have first pre-
" ence thereon, and then to the stockhoi'
: of the company. at its book value, ana
On stockholders who desire to purchase
tors have. the right to purchase the sans
'any the proportion to their respective hold
- | of stock in the company. Should
hicb stakeholder not wish to purchase his
allied portionate share, then his share shall
tors offered to the other stockholders pro
nn,a tionate to the number of shares owned
! its them. Should this corporation, or
elec- stockholders, in fifteen days after N
dent having been given in writing, fail or
atarv fuse to purchase the stock offered for
4 = such stock may be sold to anyone.
year transfer of stock shall be made or
! an to be valid and binding unless mad