The herald., 1913-03-06
CHARTER
OF LACROIX AUTOMOBILE COMPANY,


themselves, their successors and those who |
may hereafter become associated with them, !
TO form a corporation for the objects and
purposes and under the conditions and stip- |
ulatiOnS contained in the following charter, !
namely:
The name and style of this corporation
shall be LacrOiX Automobile Company, Inc,
and Il shall have corporate existence for the
term Of ninety nine years from the date of
this act unless sooner dissolved under the
provisions hereof. 1t shall have power To
sue and be sued under Its said corporate
name to make and use a corporate seal and
to alter same, TO hold receive, purchase
lease. purchase and otherwise acquire by
any title whatsoever property Of all sorts
and to lease, sell, mortgage, pledge or other
wise convey and cucumber the same: to Dor
row money, TO name and appoint such man
ayers, directors and other officers and such
agents and employees as It's interest or con
yenience may require, from time TO time.
establish and amend such bylaws, rules and
regulations for the management OF the af-
fairs Of the corporation as may be necessary
or convenient and generally 10 have and cN-
erciSe all such other and further rights, pow
ers and privileges not Inconsistent with this
charter as are now or may hereafter be con
ferred on like corporations by the laws of
the state OF Louisiana or any other state.
territory or country in which it may do bus
mess.
The domicile OF this corporation shall be
in the city of New orleans, state Of Lou
iSana. The president or In his absence, or
in case of his disability, the yice-president Is
hereby designated the officer on whom
citation and other legal process shall be
served.
ARTICLE Ill
The objects and purposes OF this corpora
ton and the nature of the business 10 be
carried on by 1t are hereby declared 10 be as
follows 10 buy, sell, manufacture, construct,
erect, equip, maintain, repair, rent, trade
VT ahs nj
all other kinds of vehicles and water craft
Of all kinds and character whatever propelled
by steam, gas, gasoline electricity, com
pressed air or any other motive power; also
10 own, buy, sell, manufacture trade and
deal in engines, machinery, pumps, dynamOS
and all other supplies and accessories OF
said automobiles, machines or vehicles, in
Guiding gasoline, lubricating oils, greases.
etc, to act as manufacturers agent or agent
of owners of any of the above mentioned
articles and business, and to own either by
purchase or otherwise and to lease, rent,
| erect, construct, maintain and operate ma
chine shops, garages and buildings necessary
| or convenient for the purposes OF the busl-
ness or businesses herein contempla ted, and
| to buy sell. rent or lease real estate In the
| course of the conducting of said business
| or businesses TO acquire and hold stock,
bonds or other securities of any corporation
engaged in any Of the several sorts of bust
ness herelnabove mentioned, and TO exercise
| all the rights of ownership of such stock
or securities including the right to vote the
| same, and generally to do any and every act
| whatever which relates or appertains TO the
| ARTICLE ".
The capital stock of this corporation Is
| hereby fixed at the sum of seventy-five hun
dred dollars (s7.500.0O) divided into seventy
five shares (75) Of one hundred dollars
| (s100.00) each. The same shall be paid for
| in cash on the acceptance of the subscription
| therefor or In such installments, payable al
such times as the board Of directors herein
after established may, from time to time pre-
| scribe, or the same may be issued In pay
| ment for property acquired by the corpora
| tiol or In compensation for services or labor
| actually rendered TO IL. No stock certificate
shall be issued until the same shall be fully
paid for. No stakeholder shall sell, assign
or transfer his stock in this corporation un
til after having given thirty days prior writ
| ten notice of his intention so TO do TO the
the secretary of the corporation, and the
other stockholders OF said corporation shall
during the said period have the first privi
lege OF purchasing the same.
| This corporation shall have a lien OF
pledge on the stock owned by any stock
holder to secure all the Indebtedness owins
by such stakeholder to the said corporation
No transfers of stock shall be effective 81
far as this corporation Is concerned unit
the certificate therefor shall have been sur
rendered and such transfer shall have beer
noted upon the books Of the corporation.
This corporation shall begin business anC
|
dollars Cs3, 000.O0( of Is capital stock shall
have been subscribed.
ARTICLE v.
All the powers of this corporation shall b
vested in and exercised by board of direc
tors. composed of three stockholders VIII,
shall hold their ONCE for the term Of on,
year or until their successors shall be elect
ed. The election OF directors shall TAX
place annually on the first Monday Of Jul.
in each year.
Said elections and all other elections IN
der this charter, except as herein otherwis
provided, shall be by ballot. The same shall
be held at the domicile of the corporation
and In It's head ONCE, under the supervision
OF commissioner appointed by the boar,
OF directors A notice of such election shall
be sent to each person who appears by tn
, by mail, at his last known address, the sam
to be posted, charges prepaid, at least tel
days before the election, and no other o
. further notification thereof need be given
II the address Of any stakeholder be no
known, It shall be sufficient to deposit tn
notice in the post office. addressed Genera
, Delivery, New Orleans, La"
At all elections and at all meetings o
| the stockholders each stakeholder shall b
, entitled to one vote for each share of stoc
standing In his name on the books of tn
! corporation to be cast In person, or by writ
, ten proxy, and the majority of votes s
cast shall elect or prevail, except as here
matter specially provided otherwise.
Any vacancy occurring among the diret
tors or Off1cers by death, resignation or Otf
erwise, shall be filled by the board for tn
remainder Of the term then running. Fai
ure to elect directors on the day above ar
pointed shall not dissolve the board of dire
tors nor the corporation. but re director
, and officers heretofore elected shall renal
in Office until their successors shall
( elected. d Il,
, ARTICLE VI.
The board of directors annually on III
] day of their election or as soon thereaftt
r as they shall meet, shall elect viva voc
, from among their number a president
vice-president, and a secretary-treasurer, {
: they may confer the functions of treasure
, on any other officer. The terms of said of
GERS shall be the same as that of the boar
? electing them and their powers and dutit
shall be such as are appropriate TO the
several offices or such as may be provided
: the bylaws or resolutions of the board.
3 The said board shall have plenary powt
to make and from time to time amend b.
laws. rules and regulations for the condut
of the affairs Of the corporation and gene
n ally the said board shall have all such pow
: ers as may be reasonably necessary or col
r venient for the transaction Of the busine:
a or businesses of the corporation and for e
fecting the objects and purposes of the sam
ARTICLE VII.
The first board of directors shall coIsi
or the following: Samuel Wolf, L. J. L:
croix and p. G. Lacroix, of whom Samu
Wolf shall be president, l.. ]. Lacroix, vic
president and =. G. Lacroix, secretary-trea
10 urer, which said board and officers shall no
! office until the first Monday In July, 191
N or until their successors shall be elected.
ARTICLE VIII.
y This charter may be amended or the sa
Il | ma % diQcOlvQd