The herald., 1921-09-22
CHARTER

/ CORPORATION shall be the Southern Sonn
! Company. Inc, and its duration shatl u
/ for term or nlnety-nlne NSSJ SoH'' '
the date hereof.
ARTICLE 1.-THE objects and purposes
/ for which this corporation is formed are
hereby declared to be.
To manufacture, purchase or oth S "a
acquire Import. export, lease, sell anu
generally deal In. musical 'ns1r d aTi spD.
plies articles. appliances ana haterIaIs
related thereto. or In any manner heces-
sary or convenient in said business
TO apply for. purchase or otherwise nc
ouirs and TO dispose Of patents ana copy
rights in the United States ana eISe"here'
To purchase or otherwise acquire an or
any part of the business, goodwin rlShls'
property and assets OF all kinds ana AS .
sumo all or any part of the liaDllltleS OF
any cOrpOration association, partnership
or person engaged in any business ihcIuu
ed in the foregoing purposes ana oDJects'
To acquire and take over as going con
Germ and 10 carry on the business OF any
person, firm, association OF CorpoI"tion gu
gagged in the business which TINS corpora
ton is authorized to carry on and IN con,
nection Herewith to acquire the GOOD VIII
and all or any part of the assets ana 10 as
sumo or otherwise provide for all or any
of the liabilities of the owner or owners
Of any such business.
To purchase or otherwise acquire real
estate and leaseholds, or any interest
therein. in addition to such as may DE
necessary for the purposes hereinDelo[e
expressed, and to own, hold OF improve,
sell and deal in the same so FAR as anu
to the extent that, the same may be done
and performed by corporations organized
under the General Corporation Act
To purchase or otherwise acquire real,
mixed and personal property Of any KINDS
that may be lawfully acquired and held
by a corporation organized under the Gen
eral Corporation Act. and in particular
cages, bonds, debentures and other Sc,
curities. merchandise, book debts ana
claims, copyrights, manuscripts, trade
marks trade names, brands. labels, patent
caveate an dpatent rights, licenses, grants
and concessions and any interest in real
or personal property.
To sue and be sued to borrow money;
to make, accept, endorse, execute, ana Is
sue prOmissOry notes, bills OF exchange,
bonds, debentures and other obligations.
from time to time, for the purchase OF
property, or for any purpose In or about
the business Of the company, and TO Sc
cure the payment of any such obligation
by mortgage pledge, deed rtrust. or
otherwise.
To enter into, make perform and carry
out contracts of every sort and kind which
may be necessary or convenient for the
business of this company, or business OF
a similar nature, with any person, firm,
private. public or municipal.
body polite under the government of the
United States, or any State, Territory or
Colony thereof. or any foreign government.
s ofar as. and to the extent that, the same
may be done and performed by corpora
tons organized under the General Corpora
ton Act.
To make and use a corporate seal.
The foregoing enumeration of specific
powers shall not be deemed to limit or re-
strict in any manner the general powers of
the corporations, and the enjoyment and
exercise thereof, as conferred by the Laws |
Of the State Of Louisiana upon corpora.
the General Corporation Act.
To do all and everything necessary, |
suitable. and proper for the accomplish |
nent of any of the purposes or the at
tainment of any Of the objects or the |
'nrtherance of any OF the powers herein |
before set forth, either alone or associated |
With other corporations, firms or individ- ]
hing or things incidental or pertaining |
o. or growing out of or connected with
he aforesaid business, or powers, or any |
part or parts thereof. provided the same |
De not Inconsistent with the laws under
which this corporation is organized.
ARTICLE III-The domicile of this cor. |
'OratiOn shall be In the City of New Or
cans. Parish of Orleans, State of Louis
ana, and all citations and other legal pro-
ess shall be served upon the president of
his corporation. or, in case of his alb
ence, upon the vice-president, or, in case
# the absence of both OF these officers. UP.
IN the secretary-treasurer
ARTICLE Iv-The capital stock of this
y-four thousand (s24, 600. OO) dollars. which
nay be increased to two hundred fifty
thousand dollars $3.50, 100000.
said capital stock Of twenty-four thous-
nd tS24OOO) dollars is divided into two
undred forty (24O) shares Of one hundred
SlOOO) dollars each of which one hun
req (lVo) shares, or an aggregate of ten
thousand $50. 0co.0Ol dollars, are to be
400 shares. or an aggregate Of fourteen
thousand (S14OOO.O0) dollars, are TO be
ommon stock. Said capital stock is to be
aid for as the law provides in cash. or
ar In payment or exchange for property
lights actually received or purchased by
aid corporation in accordance with law.
The holders of the preferred stock shall
e entitled to receive dividends at the rate
seven per cent (706) per annum nav |
BILE semi-annually ON such dates as NAV
e determined by the board of directors |
Ut OF any and all surplus or net profits | {
efore any dividends shall be declared, set
part for or paid upon the common stock |
aid dividends on the preferred stock I
nall De cumulative, so that if the CORPORA. |
on shall fail In any fiscal year to paw |
nch dividends on all Of the issued and |
preferred stock, such defici- I
ncy In the dividends shall be fully paid |
Ut without interest. before any dividend {
nail ne declared. set apart for or paid
pVh tue common STOCK. Subject to the {
'rtgoing provisions, the preferred stock
lall not be entitled to participate in apy
Iher or additional earnings or profits Of
he corporation.
In the event of the dissolution or lioui- :
alton of the corporation, or the sale of :,
u Its assets, whether voluntary or inyol- 9
ntary. or in event of its insolvency or :
ny distribution of its capital, there shall !
p paid to the holders of the preferred :
ock the par value thereof, to-wit: one ,
nndred dollars ($100.00) per share and !.
e amount of all unpaid accrued dividends :.
lereon, before any sum shall be paid or | :;
~ assets distributed among the holders
the common stock; and after the pay =
ent to the holders Of the preferred stock
It's par value and the unpaid accrued
viuends thereon, the remaining assets
10 FUNDS OF the corporation shall be d. II
ded among and paid to the holders OF h
e common stock according to their re-
ective shares. Z
me board of directors may in their dis. "
elton declare and pay dividends on the Z
mmon stock concurrently with dividends "
the preferred stock for any dividend a
'riod OF any fiscal year, when such 81
vidends are applicable to the common a
ock, provided that all accumulated diyi- 81
nds on the preferred stock for all pre- p
ous nscal years and all dividends on the o
eierred stock for previous dividend o.
RODS Of that fiscal year shall have been Il
i'd in full. t.
The preferred stock Of said corporat,on ~
a the common stock shall have the same -
ing power, to-wit: one % vote for each !"
are OF stock. which vote may be cast
the stockholder in person or by proxy q
all general elections or meetings OF 81
stockholders, and the aforesaid proxy 81