The herald., 1921-03-10
CHARTER OF SOUTHERN SEWING
MACHINE CO., INC. =

Charles Schneidau. a Notary Public duly
and qualihed In ana Tor 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
same and appeared. the several persons
whose names are hereuntO subscribed. who
severally declared that. ayailing them selves
of the laws of the State of Louisiana. In
such cases made and provided. they nave
covenanted and agreed and bind them
selves as well as all such persons as may
hereafter become associated with them TO
form corporation. for the objects and
purposes and undertake articles and stipu-
latiOns follOwing.. tO--wit:
ARTICLE 1.-The name of this corpora
ton shall he SOUTHERN SEWING
MACHINE COMPANY. INCORPORATED.
and under its said corporate name II shall
have power and authority 10 nave ana
enjoy corporate existence and SUCCESSION
for the full term and period of ninety mine
years from and after the date hereof. 10
contract. to sue and be sued. to make ana
TO use a corporate seal ana the same 10
alter and break at pleasure; to hold. re-
ceive lease. purchase and convey, as well
as mortgage and hypothecatp property, real
personal and mixed, corporal and lncor-
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 we'll as alrer ana
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 domiCie Of this cor
poration shall be in the City OF New Or
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 hrst
Vice-president thereof, and In the absence
of both of said officers. upon the Secretary
r,sa surpr 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 II are hereby
declared to be: The carrying on OF
general sewing machine business: TO buy.
sell or lease fOv their own account. as
agent or on commission. sewing machines
of all description; to deal In sewing
machine supplies, equipment ana acees,
series. To buy and sell and 10 deal
generally in mechanical electrical appi
ances mechanical devices of eyeE kind
whatsoever. A.d to do all thinE incl
dental to or connected with said business
This corporation shall further have the
materials. and shah have the right to
engage in the manufacture and sale OF
same.
| ARTICLE Iy.-The capital stock of this
! CORPORATION is hereby fixed at the sum oi
Ten Thousand (s1OOO0.O0) Dollars, divided
| into and represented by one hundred
! 400 shares of the par value of one hun
/ dred (S1OO.OO) Dollars each. Said stool
shall be paid for in cash, or in such IN
1 stallments at such time and after suci
notice to subscribers as the Board o
Directors may fix, or same may be issue,
| at not less than par for labor done o.
services performed for said corporation
or for property or rights actually re
| ceived by said corporation.
lFive Thousand (s5OOOOV Dollars Of tn
| capital stock has been subscribed to tn
| corporation at the time of the passing o
this act of incorporation, and this corpora
! ton shall become going concern ant
! shall be- authorized to commepce bushes
| as soon as Five Thousand ($JOOOOO Dol
| lars of its capital stock shall have beel
paid for. either in cash or for labor done
or services performed for said corpora
| ton, or for property OF rights actuall
transferred to Ii.
ARTICLE y.-The capital stock Of thi
corporation may be increased mp to tn
sum of Fifty Thousand ($JO,OOO.OO) Dol
lars. by a vote OF twO-thlrds Oh all TN
stock, at meeting called for that purpose
ARTICLE yI-Transfer of stock shal
be made only on the books Of the corpora
fion, subject to such regulations and for
malities as the Board of Directors ma
prescribe Any stakeholder wishing I
sell his stock must offer the same i
writing to the other stockholders, throug
"
ceeding the book value thereof. who sha
have an option to purchase all shares o
stock to be disposedi of by sale, resigna
Y ton, death, or otherwise. OF any OF II
members, and they shall have fifteen day
In which to>accept or decline said offel
should the Board of Directors decline I
purchase any stock, the stakeholder VIII
has made the offer to sell, may then dis
pose of his stock In any, manner or a, an
price he may see fit. but any sale Q
transfer made by a stakeholder In vloli
: ton of this article shall be void, and n
transfer of stock shall be made ON IN
books of the corporation unfess the pr
visions thereof are strictly complied witt
ARTICLE vII.-AlI the corporate power
Of this corporation shall be vested In an
!, exercised by a Board Of Directors, con
| posed OF three stockholders. two OF whol
shah constitute quorum for the tran
! action of business. Any director may
represented by written proxy at any NEE
ing of the Board of Directors of this co
poration, and when so represented sha
count as one of those necessary to col
/, stitute a quorum. Messrs. f. +. yenk
i; president; Edgar o. Sugur. vice-presiden
! and George y. Randolph. secretary trea
urer. shall composed the first Board
; Directors of this corporation. The mr.
l Board of Directors shall serve until Il
e seventh day Of March, 1922, after whit
the directors shall be elected annually
J, the stockholders at a meeting to be held
e the last Friday in February, In each yea
r Said meeting of the stockholders TO
preceded by fifteen days notice In wr1tir
4 sent to each stakeholder, at his or her la
q known place Of residence. Each stoc
: holder shall be entitled In person or J
e proxy to one vote for every share own,
q by him or her, which said stock may
: voted eumulatively; all elections shall
Y held under such rules and regulations
I may be determined by the Board or l.
:, rectors The directors, when elected, shi
o continue in Office for one year and UNI
: their successors shall have been du
e elected and shall have been qualified.
: failure to elect shall, operate the TO
fixture Of this charter or any right und
4 the same. Any vacancy occurring on sa
Il board shall be filled by the remaining
2 rectors for the unexpired term.
ARTICLE vIII.-The funds Of this CO
= poration shall be deposited from time
+ time in a bank or banks to be select
by the Board of Directors. All checl
:, notes, or instruments drawn or execut
e tr issued in said corporations name sh
. be countersigned by an officer. who sh
be designated by the Board of Directt
a of this corporation. The officer SO >des
d mated may be changed at any meeting
q the said Board of Directors. No ONO
y shall thus sign or endorse the name OF
y corporation save strictly In its concer
II ARTICLE Ix.-This act Of Incorporate
d may be changed, modified or amended,
y the capital stock increased or decreas
1t by, and with the consent OF two-thirds