The herald. [volume] (New Orleans, La.) 1905-1953, 1922-11-09
CHARTER PAYNE BROS. q oRILIor.
INC,

state of Louisiana, Parish of Orleans
City of New Orleans. Be il known. That
on this sixteenth day of October. in the
year one thousand nine hundred and
twenty-five, before me, William Waller
Young, a notary public, in and for the
Parish of Orleans, State of Louisiana
duly commissioned and qualified and in
the presence of the witnesses hereinafter
named and Undersigned. personally came
and appeared the persons whose names
are hereunto subscribed all above the
tull age of majority. who severally de-
clared that, availing themselves of the
laws OF the State of Louisiana, and es-
peclally the laws relative to the organi-
cation OF corporations, they have COW
enanted and agreed to bind, form and
constitute themselves. as we'll as all such
other persons as may hereafter join or
| become associated with them, into a
corporation and body polite in law for
the objects and purposes and under the
articles agreements and stipulations
| Following, to-wit:
| ARTICLE 1.-The name. style and
tltle or this corporation shall be PAYNE
| BROS. & GRILLOT, INC. and under
| that name it shall have and enjoy all
the rights, advantages and privileges
| granted by law to corporations, and shall
exist for the full term and period of
ninety-nine years from this day. 1t
| snail have power to sue and be sued: to
| make and use corporate SEAL and the
| same to alter or break at pleasure: to
| hold receive, lease, purchase, sell and
! convey, as well as mortgage, hypothe-
/ cate and pledge property, real. personal
| and mixed. corporeal and incorporeal; to
name and appoint such managers. direc-
| tors, OFFICERS, agents and other en-
ployees as Its interest may require, and
to make and establish as we'll as alter
and amend, from time to time such by-
| laws, rules and regulations as may be
necessary and expedient for the proper
| management and government of the
| affairs of said corporation.
| ARTICLE 1.-THE domicile of this
| corporation is hereby fixed in the City
| OF New Orleans State of Louisiana, and
| all citati or other legal process shall
be served upon the President or Vice
President of said corporation. or. in their
| absence, upon the Secretary
| ARTICLE III-The objects and pur-
J poses for which this corporation is or
| ganized, and the nature of the business
| to be carried on by 1t are hereby declared
| to be: To engage in the manufacture
repair, purchase and sale of machinery
| consignment or commission; to act as
manufacturers agents, to sell at whole.
| sale or retail, or both; to manufacture
repair. buy and sell tools. parts, aces
| series and appliances for automobiles
| trucks, tractors. marine engines anC
other equipment; to acquire, by pur
chase or otherwise, machinery or parts
of machinery of every kind and nature
shape in which acquired. or after having
been altered or added to; and generally
to do and transact all business properl,
connected with, incidental or convenient
to any of. the said objects and purposes
ARTICLE Iv.-The capital stock o.
this corporation is hereby fixed at thu
sum of thirty thousand dollars ($30.
000.00) dollars, to be divided into an'
represented by six hundred 5000 shares
in the sum of fifty ($50.00) dollars each
Said stock shall be paid for in cash o.
property. The capital stock Of this cor
poration may be increased to the sun
of one hundred thousand ($100.00O.OO
dollars. This corporation shall com
i mence doing business and be a gofnt
concern at once.
ARTICLE v.-All the corporate pow
ers of this corporation shall be exer
cised by a Board of Directors. consist
ing of not less than three and not NOR
than seven stockholders. majority o
whom shall constitute quorum for tn
transac zion of business. The Board Q
} Directors shall elect annually from thei
!, number a President, and may elect on
or more vice-Presidents: they shall ais,
elect a Secretary and a Treasurer, which
two latter offices may be filled by on
person. and which person or person
need not be a stakeholder OF this cor
poration. The first Board of Director
shall consist of five stockholders. an
shall be composed of Frank Tistal
Payne. Sidney Louis Grillot, Henry UP
| Shur Payne, Lester e. Gerard ana A. II
Payne, with Frank Tistale Payne a
President, Sidney Louis Grillot as Vice
President and Henry Upshur Payne
Secretary-Treasurer.
The postoffice addresses Of said direc
, tors are as follows: Frank Tistal
, Payne. $50 Julia street New Orleans
La; Sidney Louis Grillot, @. St John
Court, New Orleans, La; Henry Upshu
, Payne, S3S Julia street, New Orleans
La: Lester C. Gerard. Matthews, Lou
, isiana; A. H. Payne, S22 Perdido street
. New Orleans, La.
: These directors and officers shal
| serve until the second Monday In Nc
vember 1928, or until their successor
i have been duly elected and qualified.
The annual meeting Of stockholder
lfor the election OF directors shall b
, held on the second Monday in Novem
Der of each year, unless said day be
T legal holiday, and then on the next ban
day thereafter. Each subscriber heret
sets after his name his postofffce ao
; dress and a statement Of the number o
: shares Of stock which he agrees to TAX
: n the corporation. At all elections ever
. stakeholder shall be entitled to one vot
: for each share Of stock standing in hi
name on the books Of the corporation
to be cast in person ror by his write
) proxy. A majority Of the votes cas-
, shall elect.
Il ARTICLE Win the event Of tn
! liquidation or dissolution Of this col
nora tim fha aforlxh0Idora ahaIl cleo