The herald., 1921-04-07
CHARTER OF SOUTHERN SEWN"
MACHINE CO.. INC.

State of Louisiana, Parish of Orleans.
CITY of New Orleans, BE II known lhat
on this Goth day of the month OF FeDruanS
in the year of our Lord. one thousand
nine hundred and twenty-one. before me,
Charles Schneidau, a Notary Pubilc. duL!
and qualified in ana lot the
Parish of Orleans, CITY Oh NeW H,i We and |
in the presence of the witnesses herein- |
after named and undersigned perSohaiIs
came and appeared, the several persons
whose names are hereunto subscribed VINO
sayerally declared that. availing themselves
of the laws of the State of louisiana III
such cases made and provided; theE haee
covenanted and agreed ana Dlnu theh-
selves os well as all such persons as may
hereafter become associated with them 10
form a corporation for the oD]ects anu
purposes and under the articles ana slpu-
lations following. to--wit:
ARTICLE 1.-The name OF this coTpGra--
tion shall be SOUTHERN SEW ~
MACHINE COMPANY. INCORPORATED
and under its said corporate name 1t shall
have mower and authority to have ana
enjoy corporate existence ana succesSioh
for the full term and period OF ninety nine
wears from and after the date hereOt; 10
contract. TO sue and be sued, to make ana
10 use a corporate seal and the same 10
alter and break Mt pleasure; 10 hoIu'. re-
ceive lease. purchase ana convey, as wei VII
as mortgage and hypothecate property, real
personal and mixed, corporeal ana lhCor-
poreal; to make and appoint such managers
Iacents directors and officers as IT'S business
| interest and convenience may require, anu
| 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 Or
leans. state of Louisiana, and all citations
| or other legal process shall be served upon
the President of said corporation; or IN
Ii L.
Vice.president thereof, and in the absence
of both of said officers. upon the Secretary
Treasurer of said corporation.
t, ARTICLE III.-The objects and purposes
for which this corporation is organized
and established and the nature or the
business to be carried on by 1t are hereby
declared 10 be: The carrying on OF q
general sewing machine business; 70 BUY
sell or lease for their own account as
| agent or on commission, sewing machlneS
| of all description; to deal in sewing
. machine supplies. equipment and aces
series. To buy and sell ana 10 den ,
? generally in mechanical electrlcaI aPpIt
: ances, mechanical devices of every Kline
= whatsoever And to do all things Incl
dental to or connected with said business
This corporation shall further have IN,
materials. and shall have the right t
!. engage in the manufacture and sale o
[ same.
i ARTICLE Iv-The capital stock of thi
CORPORATION is hereby fixed at the sum o
n Ten Thousand (s10.O0O00) Dollars. divide'
e 400 shares of the par value of one hun
v bred (SlOOOO) Dollars each. Said stoc
IL shall be paid for in cash, or in such In
o stallments at such time and after sue
d notice to subscribers as the Board Q
l. Directors may fix, or same may be issue
at not less than par for labor done 0
services performed for said corporation
= or for property or rights actually IT
= ceived by said corporation.
W Five Thousand ls5OOO.OO) Dollars of tn
n caDital stock has been subscribed to I'll
III corporation at the time OF the passing
this act of incorporation, and this corpora
2. ton shall become a going concern an
shall be authorized to commence bushes
as soon as Five Thousand (SJOO0OO Do
. lars of it's capital stock shall have bee
= paid for, either in cash or for labor don
S, or services performed for said corpor;
az ton, or for property or rights actual
a transferred to 1t.
in ARTICLE y.-The capital stock of tn
CORPORATION may be increased up to Il
sum of Fifty Thousand (S5OOOOOO do
u lars. by a vote Of two-thirds OF all q
- stock, at a meeting called for that purpos
y. ARTICLE vI-Transfer of stock sha
~ be made only on the books of the corpor
~ ton. subject to such regulations and 70
I've malities as the Board of Directors ms
u, W prescribe. Any stockhOlder wishing
r sell his stock must OFFER the same
III writing to the other stockholders throut
tss the Board of Directors, at a price not e
ceeding the book value thereof. who shi
have an option to purchase all shares
stock to be disposed of by sale, resign
es- ton death, or otherwise, of any of
ss members, and they shall have fifteen da
in which to accept or decline said ont
III. should the Board of Directors decline
purchase any stock, the stakeholder W
has made the offer to sell, may then q
pose of his stock in any manner or at a
price he may see fit, but any sale
. transfer made by q stakeholder In VIC
tion of this article shall be void, and
HE transfer of stock shall be made on
= books of the corporation unless the pl
visions thereof are strictly complied WI
ARTICLE vII-All the corporate pow'
, of this corporation shall be vested in a
rs exercised by Board of Directors, co
Ut posed of three stockholders. two OF wh'
lay shall constitute q quorum for the ira
OF action of business. Any director may
req represented by written proxy at any me
=. ing of the Board Of Directors OF this c
MS poration, and when so represented sh
ism count as one of those necessary to e.
elm stitute a quorum. Aessrs. +. +. Jen
VT president; Edgar o. Sugur, vice-preside
ed, and George b. Randolph, secretary tire
n; urer. shall composed the first Board
mo Directors of this corporation. The n
the Board of Directors shall serve until
NJ; seventh day of March, 1922. after WI
zed the directors shall be elected annually
the the stockholders at meeting to be held
tine the last Friday in February, in each "
ma, Said meeting of the stockholders to
ore preceded by fifteen days notice in writ
Tor sent to each stakeholder, at his or her
lty- known place of residence. Each sto
In holder shall be entitled in person or
ana proxy to one vote for every share owl
De- by him or her, which said stock may
age voted cumulatively; all elections shall
'a1d held under such rules and regulations
aci- may be determined by the Board OF
ant rectors The directors. when elected, 81
OF continue in Office for one year and u
my, their successors shall have been d
IN elected, and shall have been qualified.
lty- failure to elect shall, operate the
the fixture of this charter or any right IN
an the same. Any vacancy occurring on
board shall be filed by the remaining
and rectors for the unexpired term.
III ARTICLE yIII.-The funds Of this
ms poration shall be deposited from time
"a, time in a bank or banks to be selet
dIa by the Board of Directors. All che
a. notes. or instruments drawn or execT
&c, or issued in said corporations name
!, ~ be countersigned by an officer, who S
a.. be designated by the Board OF Direc
iuei of this corporation. The officer so de
mated may be changed at any meetin.
ared the said Board of Directors. No OFF
and shall thus sign or endorse the name Of
sted corporation save strictly in its conce
licly ARTICLE IX.-This act of incorpora
ibed may be changed. modified or amended
5 of the capital stock increased or deere
said by, and with the consent OF two-thtrd
reby all the stock.