The herald., 1922-10-26
CHARTER PAYNE BROS. g. GRILLor
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 hereina fter
named and undersigned personally came
ana 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 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
title of this corporation shall be PAYNE
BROS. a. GRILLOT, INC. and under
that name IL 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
shall have power to sue and be sued; TO
make and use a 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 corporal and incorporeal; to
name and appoint such managers, direc-
tors. OFFICERS, agents and other en-
pIoyees as its interest may require. and
TO make and establish as well 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 citation or other legal process shall
be served upon the President or Vice
| President of said corporation. or. in their
absence, upon the Secretary-Treasurer.
ARTICLE III-The objects and pur-
: poses for which this corporation is or
| ganized. and the nature of the business
| to be carried on by IL are hereby declared
| to be: To engage in the manufacture,
] repair, purchase and sale of machinery
| of all kinds; to buy and sell goods on
| 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 acces-
| series and appliances for automobiles.
| trucks, tractors. marine engines and
| other equipment; to acquire, by pur-
| chase or otherwise, machinery or parts
| of machinery of every kind and nature.
| the same to sell, either in the form and
| shape in which acquired. or after having
| been altered or added to: and generally
to do and transact all business properly
! connected with, incidental or convenient
| to any of. the said objects and purposes.
! ARTICLE IV-The capital stock OF
| this corporation is hereby fixed at the
| sum of thirty thousand dollars (S3O,-
| 0O0.00) dollars, to be divided into and
| represented by six hundred 5000 shares
| in the sum of fifty (s50.00) dollars each
| Said stock shall be paid for in cash OF
property. The capital stock of this cor
poration may be increased to the sum
| of one hundred thousand (s100.OO0.0O
dollars. This corporation shall com
! mence doing business and be goine
| concern at once.
ARTICLE V.-AH the corporate pow
! ers of this corporation shall be exer'
| cised by a Board of Directors. consist
| than seven stockholders. majority OF
! whom shall constitute quorum for tht
| transaction of business. The Board OF
| Directors shall elect annually from thell
number a President and may elect one
| or more Vice-Presidents; they shall alsC
elect a Secretary and a Treasurer. whlcf
two latter offices may be filled. by one
person, and which person or persons
need not be a stockholder OF this cor
poration. The first Board of Directors
| shall consist of five stockholders. ant
| shall be composed of Frank Tistal'
Payne, Sidney Louis Grillot Henry Up
| Payne. with Frank Tistale Payne a:
| President, Sidney Louis Grillot as vice
President. and Henry Upshur Payne a:
SecretaryTreasurer.
The postoffice addresses of said direc
tors are as follows: Frank T1stal'
Payne, S36 Julia street New Orleans
La: Sidney Louis Grillot, G. st. John
Court. New Orleans, La; Henry Upshul
Payne, $50 Julia street, New orleans
La; Lester c. Gerard. Matthews, Lou
isiana: A. II. Payne, S22 Perdido street
New Orleans, La.
These directors and officers shall
serve until the second Monday in NO
vember, 1928. or until their successor
have been duly elected and qualified.
The annual meeting of stockholder
for the election of directors shall D.
held on the second Monday in Noyem
Der of each year. unless said day be
legal holiday. and then on the next bani
day thereafter. Each subscriber heret,
} sets after his name his postoffice ad
J dress and a statement of the number o
shares of stock which he agrees to tax
the corporation. At all elections ever
stockholder 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 or by his WRITER
J proxy. A majority of the votes cas-
shall elect.
ARTICLE Win the event OF tn
liquidation or dissolution OF this cor
poration. the stockholders shall cleo
II hn