The herald., 1922-10-19
CHARTER.
CHARTER PAYNE BROS. q aRILLor,


State of Louisiana, Parish of Orleans
City of New Orleans. Be il known, Tha,
on this sixteenth day of October, in the
year one thousand nine hundred anC
twenty-five. before me, William Waller
Young, 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
full age of majority. who severally de-
clared that, availing themselves of the
laws of the State of Louisiana, and es-
pecially the laws relative to the organi-
cation OF corporations. they have GOV.
enanted and agreed to bind, form and
constitute themselves, as we'll as all such
other persons as may hereafter Join OF
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
title of this corporation shall be PAYNE
Bros. GR1LLOT, INC, and under
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. II
snail nave 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
anu mixed, corporeal and incorporeal: to
name and appoint such managers, direc-
tors. Officers. agents and other en-
ployees as its interest may require, and
10 make and establish as we'll as alter
ana 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
OF New Orleans, State of Louisiana and
all citation or other legal process shall
ne served upon the President or Vice
PRESIDENT of said corporation. or, in their
absence, upon the Secretary-Treasurer.
ARTICLE III.-The objects and mr.
poses Tor which this corporation is or
canned, and the nature of the business
10 be carried on by 1t are hereby declared
70 De: 10 engage in the manufacture,
repair, purchase and sale of machinery
or all kinds; to buy and sell goods on
consignment or commission; to act as
manufacturers' agents, to sell at whole
saIe or retail. or both: to manufacture.
repair, buy and sell tools, parts. acces,
series and appliances for automohiIes
Trucks, tractors. marine engines and
other equipment: to acquire. by nur-
chase or otherwise. machinery or parts
OF machinery Of every kind and nature,
me same TO sell. either in the form and
shape IN which acquired. or after having
Deen altered or added to; and generally
10 90 and transact all business properly
connected with, incidental or convenient
70 any OF. the said objects and purposes
ARTICLE 1V.-The capital stock of
this corporation is hereby fixed at the
sum or thirty thousand dollars $780,
oo0.00) dollars. to be divided into and
represented by six hundred (600) shares
In the sum of fifty (s50.0O) dollars each
said stock shall be paid for in cash or
property. The capital stock Of this cor
poration may be increased to the sum
OF one hundred thousand ($1oO, 000. o0)
dollars. This corporation shall COM
mence doing business and be a going
concern at once
ers Of this corporation shall be exer.