The herald. [volume] (New Orleans, La.) 1905-1953, 1913-02-27
CHARTER
OF LACROIX AUTOMOBILE COMPANY
INC.
STATE OF LOUISIANA. PARISH OF OR

| presence of the witnesses hereinafter named
and undersigned, personally came and ap-
| peared the several persons whose names are
| hereuntO subscribed. who declared that avail
| ing themselves of the laws of the state Of
| Louisiana In such cases made and provided,
| they have coyenanted and agreed and do
| hereby mutually covenant and agree for
| themselves. their successors and those who
| may hereafter become associated with them
| to form 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 ii shall have corporate existence for the
| term Of nincty-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 its interest or con
vcnience 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 eX-
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 by the laws of
| the state of Louisiana or any other state,
| territory or country in which it may do bus
mess.
ARTICLE H.
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 vce-president is
hereby designated as the officer OH whom
citation and other legal process shall be
served
The objects and purposes of this corpora
tiOn and the nature of the business TO be
carried on by ii are hereby declared TO be as
follows 10 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, dynamOS
and all other supplies and accessories of
said automobiles, machines or vehicles in |
Guiding gasoline, lubricatng 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 bust
ness or businesses herein contemplated, and
to buy, sell. rent or lease real estate In the |
course of the conducting of said business |
or businesses; 10 acquire and hold stock. |
bonds or other securities of any corporate |
engaged in any of tie several sorts of bust |
ness hereinabOye 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 |
objects and purposes hereinabOve expressed |
ARTICLE ".
The capital stock of this corporation Is |
lprpby fixed the of hun
dred dollars (S7 800 0) divided into seventy
five shares go OF one hundred dollars
($lOO.00) each. The same shall be paid for
in cash on the acceptance OF the subscription |
therefor or in such installments, payable at
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
ton or in compensation for services or labor
actually rendered to Ii. No stock certificate
shah 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 IN.
stockholders by leaving the said notice with
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 or
pledge on the stock owned by any stock
holder to secure al the Indebtedness owing
by such stakeholder to the said corporation
No transfers Of stock shall be effective so
far as this corporation is concerned until
the certificate therefor shall have been sur
rendered and snch transfer shall have been
noted upon the books of the corporation.
This corporation shall begin business and
become going concern when three thousand
dollars (S3, OO0.00) OF Is capital stock shall
have been subscribed
ARTICLE V.
All the powers Of this corporation shall he
vested in and exercised by board of direc-
tors. composed of three stockholders who
shall hold their ONCE for the term Of one
year or until their successors shall be elect
ed. The election of directors shall take
place annually on the first Monday Of July
in each year
Said elections and all other elections I'M
der this charter, except as herein otherwise
provided shall be by ballot. The same shall
be held at the domicile OF the corporation
and in its head office, under the supervision
OF commissioner appointed by the board
OF directors. A notice of such election shall
be sent to each person who appears by the
books of the corporation to be a stakeholder.
by mail, at his last known address, the same
to be posted. charges prepaid at least ten
days before the election and no other or
further notification thereof need be given
II the address of any stakeholder be not
known, 1t shall be sufficient to deposit the
notice In the post office: addressed General
Delivery. New Orleans, La"
At all elections and at all meetings of
the stockholders each stakeholder shall be
entitled TO one vote for each share of stock
SldHuluS III MS name on the DOCKS or thel
to be cast in person, or by writ
ten proxy, and the majority of votes so
cast shall elect or prevail, except as here
matter specially provided otherwise.
Any vacancy occurring among the dIrec-
tors or officers by death, resignation or 9th
erwise, shall be filled by the board for the
Hmainder Of the term then running. Fail
ure TO elect directors on the day above ap-
pointed shall not dissolve the board of drec-
tors nor the corporation. but t,e directors
and officers heretofore elected shall remain
in office until their successors shall be
elected.
ARTICLE VI.
The board of directors annually on the
day OF their election or as soon thereafter
as they shall meet, shall elect viva vOce
from among their number n president, a
and a secretary treasurer. or
they may confer the functions of treasurert
on any other officer. The terms of said Off
GERS shall be the same as that of the board
electtng them and their powers and duties
shall be such as are appropriate TO their
several offices or such as may be provided by
the bylaws or resolutions of the board.
The said board shall have plenary power
to make and from time TO time amend by
laws. rules and regulations for the conduct
Of the affairs Of the corporation and gener-
ally the said board shall have all such pow
Ars as may be reasonably necessary or con-
venient for the transaction of the business
Or businesses of the corporation and for ef-
tectlnS the objects and purposes of the same.
ARTICLE VII.
The first board of directors shall consist
or the following: Samuel Wolf L. J. la