The herald., 1914-07-16
CHARTER OF THE
SOUTHERN MOTOR CAR COMPANY.

| nlteQ States OF America. state OF LOUIS laua
Parish of Orleans.
BE it known, That on this 18th day Of June
1914, We, the undersigned several persons of
lawful age, and each residing in the city OF
general laws of the State of Louisiana. ana
especially of act No. 7S of 1904, do HEREBY
form ourselves into corporation and body
polite for the objects and under the stipuia-
Article 1.-The name and title of this cor
poration shall be SOUTHERN MOTOR CAR
COMPANY, with its domicie in the city Of
Article 1.-THE purposes and objects of
the said corporation are hereby declared to
be: To engage in an automobile agency
and store automobiles and other motor drive n
vehicles, and all accessories thereto; and gen
orally to do all things necessary or conven-
lent to properly conduct the business of this
Article III-This corporation shall exist for
period of ninety nine years from and after
the date hereof, unless sooner dissolved in
the manner hereinafter provided.
The corporation shall have and enjoy all
rights, privileges and iUmun:tieS granted by
law to corporations, and under Its corporate
name 1t shall have power and authority 10
contract, sue and be sued; to make and use
corporate seal and the same TO change,
alter or destroy at pleasure but the failure
to have a seal shall not invalidatr AIRY "
the acts or proceedings OF this cot pOratiOn, ,
to hold, receive, purchase, hypothecate, cor
vey, SELL lease, pledge real and personal
property; to issue negotiable bonds and notes
or other evidences of debt; TO have and eni-
agents and other employees as its interests
may require, and to make and establish such
bylaws, rules and regulations for the proper
management and control OF the ataliS OF the
said corporation as may be necessary and
proper and the same to alter and amend a'
pleasure.
All citation and other process shall p-
served on the president and in his alb
sence the vice president, and in the aO'
sence OF both on the secretary treasure.
Article IV.-The capital stock of this cor.
poration is hereby fixed at Twenty-Five thou
sand dollars CS25,0OO), divided into and repre-
! sented by two hundred and fifty (2SO) share,
of the par value of one hundred dollars :$lG0'
each
! The corporation shall become a going con-
! Germ and shall be authorized to commence
| business as soon as three thousand dollars
$4,000 of its capital stock shall nave bee>
| subscribed for; the remaining shares OF stock
| shall be issued by the board OF director.
when and as they deem fit and proper.
All shares of stock shall be paid tor II cast
/ or its equivalent, and must be fully paid be-
fore the issuance of the certificate thereof and
! shall be worcestershire. Said stock shall be
represented by. stock certificates, transfer
able only on the books OF the company on
| or proof of loss thereof, and under such rules
and regulations as the board of directors MA,
| provide.
| The general provision for the transferanct
| Of stock is that it must be first offered II
writing and at its book value, to the board
| of directors of the company, who shall have
| the option of purchasing same at the boob
| value at the time said stock is offered TO,
! SALE and should the directors fail to MAKE
| the purchase of said stock within thirty day:
| from the time Of offer, then the holder and
owner of the stock may dispose of it in tho
| open market. But the incorporators hereby
| specially agree that the stock herein sub
| scrbed for by them shall not be sold OF
| transferred to anyone other than 20 one o.
| of h.. rtth he n.
| Of a majority of the incorporators who arr
| still stockholders at the time of the trans
| ferance of the stock
The said capital stock may be increased o.
diminished by proceedings taken in accord
| ance with the laws of the State of Louisi lam.
Article VAN the corporate powers of thi
corporation shall be vested in and exercised
by a board of three directors, each of whom
| shall own at least one share of the corpor.
| tion. Said directors shall be elected by ballo
at the annual meeting of the stockholders o
the company, which annual meeting shall b,
held on the third Tuesday of January. in esc,
year; at which meeting each stockholder shal