The herald., 1914-02-12
CHARTER OF
AUTO-CYCLE COMPANY;

\ II
-nited States of America, State OF LOUISIANA
Parish of Orleans, City of New orleans.
Be it known, That on tins second Gay Oh
the month of February in the year one thpu
sand nine hundred and fourteen u9l4)' be
fore me, Bernard Titche, a notary pubic
duly commissioned and qualified IN and Tor
this city and the Parish OF Orleans, and IN
the presence of the witnesses herelhaIleII
named and undersigned personally came and
appeared, the parties whose names are mere
unto subscribed, all OF tull age, VINO ue-
clared that, availIng themselves OF tne pro.
visions OF the laws OF this State IN such SdseS
made and provided they have covenanted ana
agreed and by these presents covenant ana
agree, and bind themselves, as well as such
other persons as may hereafter become asso-
ciated with them to form ana constitute d
corporation and body polite in law, tor the
purposes and objects and under the stipula'
lions. articles and conditions following, to-
wit: "
nnration shall be the Auto-Cycle Company
ms domicile shall be in the City OF New OT-
leans, State Of Louisiana, I: >. A, ana under
its said corporate name, said corporation snail
have power and authority to contract sue
and he sued; to make and use corporate
seal and the same to break ana after al
pleasure; to hold, receive, have, purchase, I'M
prove, ALLEVIATE, convey, sell, borrow, PIeuse
mortgage and hypothecate, under Its saic cor
po-ate name property, real, personal ant
mixed; to name and appoint such othccIs, I'll
rectors, agents and managers or eWpioSee'
as the interest or convenience OF salu SoI
Doration NAV require; to make ana estaOllsi
bylaws, rules and regulations tor the prOpe
management and regulation OF ITS ahairs a
may be deemed necessary and proper ah'
the same to change and alter at pleasur'
and to do all other acts and things permitted
by law, or as shall be necessary and prope
to carry out the objects and purposes oil san
| corporation.
| Said corporation, unless sooner dissolved II
accordance with its charter, shall exist AM
| continue for the period of ninety year
| from and after the date hereof.
| The president or in his absence, the VIC
president, shall be the proper person uP5
| whom citation other legal process shall d
| served.
Article H. The objects and purposes 10
| which this corporation is organized, ana IN
| nature of the business to be carried on d
| il. are declared to be the following, to-wit:
| To design, manufacture, assemble, erect Q
| construct all kinds of gasoline or elecul
| pleasure or light delivery cars upon sue
plans and specifications as may seem adVaf
] tageous.
| 10 own and operate machine shops or cree
| ing plants; to do all kinds of brass or shet
| metal work; to manufacture gas engine
| wire wheels, aXels power plants, ana a
| kinds of components for such cars; to man!
| facture and sell all articles and things whlCi
| in the opinion of the management OF sai
corporation may be advantageous or pTohti
BILE; and generally to buy and sell article
of trade and commerce, and to do all thlnt
incident, proper or necessary IN connectio
Herewith and useful in carrying on ITS bus
ness.
Article III. The capital stock of the co
poration shall be one hundred thousand (SlOl
0OOOO) dollars, of which seventy-hve thousar
ISIS, 10000 dollars, represented by seven hu
bred and fifty 75O) shares of the par walt
of one hundred $4,000 dollars per sha
shall be preferred stock, and twenty-five tho
sand (S25,OOO.0O) dollars, represented by tV
hundred and fifty ESQ shares OF the p
value of one hundred $4,000 dollars p
share shall be common stock.
The preferred stock shall be entitled to {
vidends of eight per cent 800 per annum
profits of the Company by priority over I
payment of any dividends on the comm
stock, said dividends shall be cumulative, a
|. should the net profits in any year be Insult
, cient to pay said preferred dividends eth
: in whole or in part, any unpaid portion ther
of shall become a charge against the II