The herald. [volume] (New Orleans, La.) 1905-1953, 1921-03-17
CHARTER OF SOUTHERN SEWING
MACHINE CO., INC.

State of Louisiana, Parish Of Orleans
CITY of New Orleans, BE it known: mat
on this 26th day of the month OF February
i'm the wear of our Lord. one thousand
nine hundred and twenty-One. before me-
Charles Schneidau. a Notary Public. dul!
commissioned and qualihed IN ana TOT the
Parish of Orleans. City OF New orleans
State of Louisiana. therein residing, ana
i'm the presence of the witnesses herein
after named and undersigned. personally
came and appeared, the several persons
whose names are hereunto subscribed. VINO
Sevrrally declared that, awaiting themselves
of tbe laws of the State of Louisiana. an
such cases made and provided. they nave
covenanted and agreed and hlnd them-
selves as we'll as all such persons as may
hereafter become associated with them 10
form a corporation for the objects and
purposes and under the articles ana sllpu-
lations following. to--wit;
ARTICLE 1.-The name of this corpora
tion shall be SOUTHERN SEMlNGI
MACHINE COMPANY. INCORPORATED;
and under its said corporate name II shali
have power and authority 70 nave anu n.
enjoy corporate existence and succession
for the full term and period of ninety-nine
years from and after the date hereof; 10
contract. to sue and be sued, TO make ana
TO use n corporate seal ana the same 10
alter and break mt pleasure; TO hold, re-
ceive. lease. purchase and convey, as wei
as mortgage and hypOthecate property. real
personal and mixed, corporal ana lncor-
.pOreal: to make and appoint such managers
agents directors and officers as its business
interest and convenience may require, and
10 make and establish, as well as after anu
amend from time to time such Dy-IaWs
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 Or
leans. State of Louisiana, and all citations
or other legal process shall be served upon
the President of said corporation. or III
the event of his absence. upon the FIRST
Vice president thereof. and in the absence
of 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 or tht
business to be carried on by il are hereby
declared to be: The carrying on of :
general sewing machine business; 10 buy
sell or lease for their own account. a
| agent. or on commission, sewing machines
of all description; to deal in sewing
machine supplies. equipment and acces
series. To buy and sell and to dea
| generally in mechanical electrical appli
ances. mechanical devices of every kinC
whatsoever. And 10 do all things Incl
dental TO or connected with said business
This corporation shall further have thu
right to acquire patent rights to suci
| materials. and shall have the right L
engage in the manufacture and sale o
same.
| ARTICLE IV.-The capital stock of thi
corporation is hereby fixed at the sum o
| Ten Thousand (Sl000000) Dollars, divided
| into and represented by one hundred
| (lOO) shares of the par value of one hun
dred (SlO0.O0) Dollars each. Said stool
| shall be paid for in cash, or in such IN
| staIlments at such time and after sucl
notice to subscribers as the Board o
| Directors may fix, or same may be ISSUED
| ut not less than par for labor done o.
| services performed for said corporation
ceived by said corporation.
Five Thousand (SJ0O0O0) 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 commence bHsines
| as soon as Five Thousand ($5OOO.OO 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 or rights actuall
transferred to it.
ARTICLE V.-The capital stock of thi
| corporation may be increased up to tn
sum of Fifty Thousand ($50.OO0.O0) Dol
| bars. by a vote of twO-thirds of all tn
stock, at a meeting called for that purpose
ARTICLE VI.-Transfer of stock shal
be made only on the books of the corpora
| ton. subject to such regulations and for
malities as the Board of Directors ma
prescribe. Any stakeholder wishing {
| sell his stock must offer the same i
writing to the other stockholders, throug
the Board of Directors, at a price not eN
ceeding the book value thereof. who sha
have an option to purchase all shares {
stock to be disposed of by sale, resignG
ton. death, or otherwise, of any of il
members and they shall have fifteen day
in which to accept or decline said offe
Should the Board of Directors decline
purchase any stock, the stakeholder VIII
has made the offer to sell, may then di
pose of his stock in any manner or at an
price he may see fit, but any sale {
transfer made by stakeholder in viol;
ton of this article shall be void, and II
transfer of stock shall be made on II
books of the corporation unless the prt
visions thereof are strictly complied Wit
/ ARTICLE yII-An the corporate power
| of this corporation shall be vested in an
exercised by a Board of Directors, con
posed of three stockholders. two of who
, shall constitute a quorum for the tran
action of business. Any director may
represented by written proxy at any NEE
ing of the Beard of Directers of this co
count as one of those necessary to col
stitute a quorum. Aessrs. +. +. Jenk
president; Edgar o. Sugur. vice-presiden
and George Il. Randolph. secretary-trea
urer. shall composed the first Board
Directors of this corporation. The fir
Board of Directors shall serve until Il
seventh day of March, 1922 after whiC
! the directors shall be elected annually
the stockholders at a meeting to be held q
the last Friday in February. in, each yea
Said meeting of the stockholders to
! preceded by fifteen days notice in writin
sent to each stakeholder, at his or her la
known place of residence. Each stocl
! holder shall be entitled in person or }
proxy to one vote for every share owne
by him or her. which said stock may
! voted cumulatively; all elections shall
held under such rules and regulations
may be determined by the Board Of ID
. rectors. The directors, when elected, sha
continue in Office for one year and unit
their successors shall have been du
elected, and shall have been qualified. \
failure to elect shall, operate the TO
fixture of this charter or any right. und,
the same. Any vacancy occurring on sal
rectors for the unexpired term.
ARTICLE yIII.-The funds of this co
poration shall be deposited from time
, time In a bank or banks to be selecte
, by the Board of Directors. All check
notes. or instruments drawn or execute
or issued in said corporations name sha
be countersigned by an officer, who sha
: be designated by the Board Of Directo
of this corporation. The officer so desi
mated may be changed at any meeting
! the said Board Of Directors. No ofici
! shall thus sign or endorse the name of Il
corporation save strictly in its concern
II ARTICLE IX-This act of incorporate
| may be changed. modified or amended.
{ the capital stock increased or decreas'
by, and with the consent Of two-thirds
: all the stock.
IL A change In the ohiocts ana nurn0s