The herald. [volume] (New Orleans, La.) 1905-1953, 1914-02-26
CHARTER OF

AUTO CYCLE COMPANY.
United States Of America. state OF LOUISIANA
Parish Of Orleans. City OF New Orleans.
Be il known, That on this second day OF
the month Of February in the year one thou
sand nipc hundred ard fourteen (lSl4), be
fore me, Bernard Htche, notary pubic
duly commissioned and qualified in and for
this city and the Parish OF Orleans, and IN
the presence OF the Witnesses hereinafter
named and undersigned, personally came and
appeared, the parties whose names are mere
unto subscribed. all OF full age, who de-
clared that, availIng themselves OF the pro-
visions of the laws OF this State III such cases
made and provided they have covenanted and
agreed, ard by these presents covenant and
agree and bind themselves, as well as such
other persons as may hereafter become asso'
ciated with them to form and constitute
corporation and body polite IN law, TOR the
purposes and objects and under the Supuld
lions. articles and conditions following, to
wit:
Article l. The name and title OF said cor
poration shall be the AutO-Cycle Company
ltS domlcile shall be in the City OF New Oh
leans, State of Louisiana, L. ). A, and undel
its said corporate name, SAID corporation shal
have power and authority TO contract, SUI
and be sued; to make and use corporate
seal, and the same to break ana after a
pleasure; to hold, receive, have. purchase, i'm
prove, ALLEVIATE, convey, sell, borrow. pledge
mortgage and hypothecate, under ITS said cor
porate name, property, real, personal an'
mixed; to name and appoint SuCh OihCefS, Oil
rcctors, agents and managers or employee
as the interest or convenience OF SAID cor
poratiOn may require; 10 make ana eStaDllsi
bylaws, rules and regulations tor the prope
management and regulation OF its AFFAIRS a
may be deemed necessary and proper, ant
the same to change and alter at pleasure
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 OF SAT-
Said corporation. unless sooner dissolved il
accordance with its charter. shall exist am
continue for the period Of nlnety-nine year
from and after the date hereof.
The president, i'll his absence, the VIC
pre- Sident, shall be the proper person upo
whom citation other legal process shall b
served.
Article IL. The objects and purposes 10
which this corporation is organized, and tn
| nature OF the business to be carried on b.
| il, are declared to be the following, to-wit:
To design, manufacture assemble, erect o
| construct all kinds OF gasoline or electrl
pleasure or light delivery cars upon sue
plans and specifications as may seem advan
! tageOus.
To own and operate machine shops or erect
ing plants: 10 do all kinds of brass or shee
metal work; to manufacture gas engines
wire wheels, axels or power plants, and al
kinds of compOnents for such cars; TO manu-
facture and sell all articles and things which
in the opinion OF the management OF sal
corporation may be advantageous or prohta
BILE; and generally to buy and sell article
of trade and commerce, and to do all thinS
incident, proper OF necessary III SO.HeS
Herewith and useful in carrying on its bust
ness.
Article III. The capital stock of the col
poration shall be one hundred thousand (Sl0O
| 0OOOO dollars, of which seventy-hve thousan
| (S75OOO.OW dollars, represented by seven hun
| bred and fifty (750) shares of the par valu
of one hundred $4,000 dollars per shsr
shall be preferred stock, and twenty-five thor
sand (S25,OOOOO) dollars, represented by tw
| hundred and fifty ESQ shares of the pa
| value of one hundred $4,000 dollars pc
share shall be common stock.
The preferred stock shall be entitled to d
vidends of eight per cent 800 per annum
each and every year, payable out of the ne
payment of any dividends on the commO
| stock, said dividends shall be cumulative, an
should the net profits in any year be insult
| cient to pay said preferred dividends eith'
of shall become a charge against the n,