The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-19
EMILE J. LEONARD,
CHAR TER

't HE MDDEkN WHEEL NbMIANA
United States u America. State OF Louisiana
Parish OF Orleans. City OF New Orleans.
he Il known. That on this NTH day OF
February, IN the year OF our Lord one thou
sand nine hundred ard fourteen, and OF The
INDEPENDENCE of the United States OF America
the one hundred and thlrty-eIChth. before me
John /. ohm, notary public. IN and 10,
the Parish uf Orleans, State Of Louisiana
| aforesaid, and IN the presence Of the wit
| uesseS hereinafter named and u-ders IEucd
personally came and appeared the several
persons whose names are hercuntg subscribed
Who sCverally declared that awaiting them
| selves II the laws OF the State Of Louisiana
IN such cases made and provided, they have
C5ycnarted and agreed. and do by these pres.
euts covenant and agree and bind themselves
| a. vel! a. all such persons a. may hereafter
/ become associated with them to form a cor.
porailOu Tor the objects and purposes and
under the articles and stIpulatigDs following,
Article l. The name Of this corporation
( shall be The Modern Wheel Company and
under It's SAID corporate name II shall have
| power and authority 20 have and enjoy cor.
! p0-ate existence and succession for the full
| term and period OF nlrety-nlne years from
and after the date hereof; 10 contract, sue
! and be sued, OF make and use corporate
seal, and the same 10 alter and break at
! pleasure; 70 hold, receive. lease, purchase
/ and convey, as well IS mortgage ard kyp0th.
! ecate property, real, personal and mixed, cor
| pOreal and lDcJrpUreal; 10 name and appoint
| such managers, agents, directors and officers
! as It's business, interest and convenience may
! require, and 10 make and establish as well as
! alter and amend, from time to time, such by
| laws, rules and regulations for the proper
government Of the affairs OF said corporation
! As may be necessary and proper.
Article IL. The domlclle OF said corpora
! ton shall be in the City Of New Orleans,
State of Louisiana, and all citations or other
| legal process shall be served upon the Presi-
| dent OF said corporation, IN the event Of
his absence, upon the Vice President thereof,
| and IN the absence Of both Of said officers,
upon the General Manager Of said corpora
| ton.
Article III. The objects and purposes for
/ which this corporation Is organized and es-
tablished and the nature OF the business to
| be carried on by II hereby declared to
! be: To purchase, sell or lease, on royalty or
otherwise, any and all patents or patent rights
patented in the United States or in other
/ countries; TO manufacture, buy and sell
| wheels, vehicles, trunks, wheelbarrows, ma.
| chlrery, and any and all articles manufac-
tured; and TO manufacture any and all ar
| ticles, wheels, vehicles, trucks, wheelbarrows
and any and all marketable articles Of any
| and all description Whatsoever; TO purchase,
sell or lease real estate OF machinery; TO use
same Tor the purpose OF manufacturing or
otherwise, and to do any and all acts, and
| 10 purchase any and all improvements, or
manufactured or manufacture any and all
| things deemed advisable by the Board Of
Directors IN connection with the business
! and Tor the interest and advantage of the
corporation; TO own. lease. construct, main
tam and acquire factories, depOtS. warehouses;
10 purchase consolidate with any other
corporations. organized under the laws OF
the State OF Louisiana, or any other State or
of the United States, any foreign country;
and TO acquire and hold stocks. bonds and
securities OF such other corporations; to guar
antee the said stocks, bonds and securities
OF such corporation, as this corporation may
be interested IN; to construct, own or other
wise acquire railroads and steamships and
other vessels for carriage OF freight and pas
sengers for hire; to construct, own and oper-
ate docks, walks for landing of vessels and
TDr . aHv~swN
freight and the accommodation of passeu.
gers, and generally TO hold and exercise all
such incidental powers and privileges as re-
late TO the objects herenbefore set forth.
Article ". The capital stock Of This cor.
poration is hereby fixed at the sum of Thirty
i've thousand dollars (S5S,0OO), divided into
and represented by three hundred and fifty
$500 shares OF stock OF the per value of one
hundred dollars $4,000 each. Said stock
shall be paid for in cash or in such INSTALL
ments and at such time and after such no.
tiee 10 the subscribers as the Board of Di-
rectors may NIX, or same may be issued at
not less than par for labor done or services
performed for the said corporation on prop
erty rights actually received by said CT rpora-
ton or promotion.
This corporation may become a going con.
Germ and shall be authorized to commence
business when and as soon as three thou.
sand dollars (s5,OOO.Oo) of its capital stock
shall have been subscribed for
All transfers of stock of this corporation
shall be made on the books of the CORPORA
ton at its dOmicile in the City OF New Or.
leans.
Article V. All the corporate powers of said
corporation shall be vested in and exercised
by a Board of Directors to be composed OF
hive (D stockholders TO be elected annually
on the ,b. nfst , Monday in February Of each
Of the term of office of the first Board OF
Directors, which shall stay in office until
the first Monday in February, 1919, three
oil whom shall constitute a quorum.
director N writ o,y a,I
ms pleasure revoke, a proxy to act for and
represent him in his absence at the meetings
OF the Board Of Directors, and such proxies
snail exercise all the rights, powers and priv.
ileges OF their constituents; provided, how
ever, that the said person or persons who
are appointed are stockholders of the said
corporation.
All such elections shall be bv balIo, and
shall be held and conducted at the Office
OF said corporation, under such regulations as
may be established by the Board Of Directors.
the Secretary Of said corporation by pubIica-
ton for not less than ten days prior thereto
IN daily newspaper published in the Eng.
ush language IN the City Of New Orleans.
Al all such elections and at all corporate
meetings, every stakeholder shall be entitled
20 one vote for each share of stock standing
IN his name on the books of said corporation,
TO be cast by him in person, or by his wit
cast shall elect
Any vacancy occurring among the Direc.
'UUIS VI sdlu corporation by death, reSigna-
ton, or otherwise, shall be filled by election
Tor the unexpired term by the remaining di.
rectors. -
A failure to elect directors on the date
above specified shall not dissolve the cor
poration nor impair its corporate existenr,
and management, but the directors then IN
ONCE shall remain in office until their sue.
fled. anu fu~',
The Board of Directors at its first meeting
shall elect from their own number a Presi7
dent and Vice Presidents. They shall asIo
eject a Secretary and Treasurer, or one per
son to act as both Secretary and Treasurer
ei'her OF whom may or may not be a member
OF said board, and a General Manager.
The Board Of Directors from time 70 tic,.
may name and appoint all such other officers
ana agents as II may deem necessary for
the purposes and business of said corpora.
sion. The said board shall have power 10
nS ana dehne the duties of every Officer
and eTnploye, and all officers and emoloyes
snal hold office and employment al The
pleasure OF the board. The board NAV r,aLe
and establish as well as alter and amend
all such bylaws, rules and regulations nee
essary and proper in its judgment for the
conduct and management Of the business and
AFFAIRS OF such corporation. The Board OF
directors shall have full power and author.
ny 10 oorrow money to execute mortgages
ana 10 create liens TO issue bonds, and Other
obligations, and to secure same by mort
gage, pledge, or otherwise; and generally 10
90 any and all things reasonable Convenient
ana necessary for the proper CARVING on az
'hg business and affairs of said corporation.
Inc Board of Directors may issue full.
pald shares of stock for cash or in payment
OF labor done and performed for said CORPORA
tlon, OF property actually received by said