The herald., 1913-03-13
CHARTER
OF LACROIX AUTOMOBILE COMPANY

commissioned and qualified in and for the
city. parish and state aforesaid, and in the
presence of the witnesses hereinafter named
and undersigned. personally came and APP .
pcarri the several persons whose names are /
herruUto subscribed who declared that avail /
ing themselves Of the laws Of the state OF /
Louisiana i'm such eases made and provided, I
they hav" covenanted and agreed and DO :
hereby mutually covenant and agree for
themselves. their successors and those VII" I
may hereafter become associated with them. /
Jo form a corporation FOR the objects and
purposes and under the conditions and slip
uia'iunS contained in the following charter.
namely:
The name and style Of this corporation
shall be IIcroiX Automobile Company. Inc.
and il shall have corporate existence for IN"
term of ninety nine years from the DAT" of
this act unless sooner dissolved under the
provisions hereof II shall have power to
81" and hn sued under its said corporate
name: 10 make and Use Il corporate seal ana
10 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 t. Dor
row money. 10 name and appoint such man
ayers. directors and other officers and S1ch
agents and employees as its interest or con-
vcnience may require. from time to time.
establish and amend such bylaws. rules and
regulations for the management Of the ar
fairs OF the corporation as NAV he necessary
or convenient and generally 10 have and cX-
erciSe all such other and further rights. pow
erS and privileges not inconsistent with this
charter as are now or may hereafter he con
| ferred on like corporations 10y the laws of
! the state of Louisiana or any other state,
| territory or country in which it may do bus
| mess
ARTICLE II.
The dOmicile Of this corporation shall be
| in the city of New Orleans, state of Lou
/ isiana. The president or in his absence, or
| in case Of his disability, the vice president Is
! hereby designated the officer whom
! citation and other legal process shall be
| served.
ARTICLE III.
/ The objects and purposes of this corpora
! tiOn and the nature of the business 10 be-
! carried on by II are hereby declared To be- a
/ follows TO buy, sell. manufacture. construct,
| erect, equip, maintain, repair. rent, trade.
operate and store automobiles, taXiCabs and
| 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
| TO own, buy, sell, manufacture. trade and
deal in engines, machinery. pumps, dyuamoS
and all other supplies and accessories OF
| said automobiles, machines Or vehicles, in
Guiding gasoline, lubricating oils, greaSeS,
etc, TO act 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
ness OF businesses herein contemplated. 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 hereinabOve mentioned. and 10 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 appertans to the
objects and purposes hereinabOve expressed
ARTICLE ".
| The capital stock of this corporation Is
hereby fixed at the sum of seventy i've hun
dred dollars (S7 100000 divided into seventy
five shares (15D OF one hundred dollars
Cs10O.O0l each. The same shall be paid fol
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 he issued in pay
ment for property acquired by the corpora
ton or in compensation for services or labO
actually rendered to 1t. No stock certificate
shall be issued until the same shall be full,
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 10 tn
, stockholders, by leaving the said notice will
| the secretary OF the corporation. and TIL
other stockholders of said corporation shall
during the said period have the first priv
lege of purchasing the same.
This corporation shall have lien o
pledge on the stock owned by any stock
holder TO secure all the Indebtedness owin
by such stakeholder to the said corporation
No transfers of stock shall be effective s.
far as this corporation is concerned unit
the certificate therefor shall have been sur
rendered and such transfer shall have BEEF
noted upon the books of the corporation.
This corporation shall begin business an
, become going concern when three thousan,
dollars (s3,OO0.00D of is capital stock shal
have been subscribed.
ARTICLE V.
All the powers of this corporation shall b
, vested in and exercised by board of dreC
, 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 VI
der this charter except as herein otherwis
: provided, shall be by ballot The same shal
e be held at the domicile Of the corporation
T and in its head ONCE under the supervisio
T. OF commissioner appointed by the boar
I of directors notice Of such election sha
= be sent to each person who appears by tn
books Of the corporation to be a stockhOdel
by mail, at his last known address, the sam
l. to be posted, charges prepaid at least te
. days before the election. and no other o
further notification thereof need be giver
II the address OF any stakeholder be no
, known, Ii shall be sufficient to deposit tn
= notice in the post Office. addressed "Geners
r Delivery, New Orleans La"
O At all elections and at all meetings Q
the stockholders each stakeholder shall
e entitled to one vote for each share OF stoc
standing in his name on the books OF til
: corporation to be cast In person, or by wri
5 ten proxy, and the majority of votes
q cast shall elect or prevail, except as her
!, matter specially provided otherwise.
Any vacancy occurring among the dire
a tors or officers by death, resignation or OIL
erwise shall be filled by the board for III
remainder Of the term then running Fai
q ure TO elect directors on the day above al
tors nor the corporation, but De director
u and officers heretofore elected shall renal
In office until their successors shall
a elected.
ARTICLE VI.
The board OF directors annually on u
day Of their election or as soon thereaft'
as they shall meet, shall elect viva voc
from among their number a president,
, yice-president. and a secretary treasurer,
r. they may confer the functions of treasure
on any other officer The terms OF said Of
L GERS shall be the same as that of the boai
Il eecting them and their powers and duti
=, shall be such as are appropriate TO the
several offices or such as may be provided
) the bylaws or resolutions Of the board.
10 The said board shall have plenary pow
~ to make and from time to time amend b
" laws, rules and regulations for the condu
,s of the affairs of the corporation and gene
: ally the said board shall have all such po'
a ers as may be reasonably necessary or co
ir venient for the transaction of the busine
n or businesses OF the corporation and for G
q" fecting the objects and purposes of the sam
IS ARTICLE VII.
N The first board of directors shall consi
~ or the following: Samuel Wolf, L. J. L
j. | crair and p G. TacrOix Of whom Samu