The herald., 1914-02-12
LIENS AND PRIVILEGES
REAL ESTATE TRANSFERS.
CHAR TER


Be DO known, That On rHls NTH day II
February. M the year ot our Lord one fnog-
sand nine hundred and fourteen, and 81 the
lgtrDru tcurr DT the nIter State, Jf America
The one hundred and thIrrv-rtxArh, before me-
John + lphrr. @ notary public, lu and Tor
the Parish Hi Orleans. state Of Louisiana
aforesaid, aud in the presence OF the wit
ucs,rS hereinafter named and Irte~sl gueG,
personally came and appeared the several
persons whose names are hrreuutJ subscribed
who seve-IiIy declared that awaiting them
selves Of the laws OF the State Of Louisiana
such cases made and provided, they have
cUvcuartrd and agreed, and 10 by these pres
cnts covenant and agree and bind themselves,
n well a all such persons As may hereafter
become associated with them. 20 form 4 cor
pOrltIOn for the objects and purposes and
under the articles and stipuiauons following.
t0-N wit.
Article /. The name OF this corporation
shall be The Modern Wheel Company and
under IT'S said corporate name It shall have
power and authority 10 have and enjoy
porate existence and succession for the full
term and period Ut ninety nine years from
and after the date hereof; to contract. sue
and be sued, OF make and Use a corporate
seal, and the same % alter and break 1t
pleasure. 20 hold. receive lease. purchase
aud convey, as well a mortgage and Evpoth-
ccate property, real, personal and mixed. cor
poredl and Incurporeal; TO name and appoint
'uch managers, agents, directors and officers
as rs business, interest and convenience may
require. and 10 make and establish as we'll d.
alter and amend, from time 70 time, such by
government OF the affairs OF sand corporation
a. may be necessary and proper.
Article H. The domicile 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 Presl-
dent OF said corporation, or m 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 Ill The objects and purposes Tor
which this corporation Is organized and es-
tablIshed and the nature OF the business 10
be carried on by II are hereby declared %
be. To purchase. sell or lease, on ROYALTY ar
otherwise, any and all patents or patent rights
patented m the United States Or IN other
countries; 70 manufacture. buy and sell
wheels, vehicles. trucks, wheelbarrows ma
chinery, and any and all articles mauufac-
tured, and 70 manufacture any and all ar
ucies, wheels, vehicles, trucks, wheelbarroWs
and any and all marketable articles OF anv
and all description Whatsoever. 20 purchase
sell or lease real estate or machinery; TO use.
same tor the purpose of manufacturing or
otherwise, and 10 do any and all acts and
10 purchase any and all improvements, or
manufactured or manufacture auv and ali
things deemed advisable by the Board Of
Directors m connection with the business
and tor the interest and advantage Of the
corporation; 10 own, lease, construct main
tain and acquire factories, depOts, warehouses.
TO purchase consolidate with any otber
corporations. organized under the laws Of
thc state OF LOUISIANA, or any other State or
p
and 10 acquire and hold stocks, bonds and
securities OF such other corporations; to guar
dutee the said stocks, bonds and securities
o. sueh corporation, as this corporation may
ne interested IN, to construct. own or other
wise acquire railroads and steamships and
other vessels tor carriage OF freight and pas
sengers TOR hire: to construct. own and oper.
ate docks, walks for landing Of vessels and
tor the receiving. storing and forVarJ,,g 80
freight and the accommodation OF passeu-
ger and generally to hold and exercise all
I luen incidental "a, powers and privileges re-
Article ~. The capital stock OF this cor.
PoI''t22h IS hereby nxed At the sum OF Thirty
and represented by three hundred and ffty
!1SOl shares OF stock of the per value Of one
hundred dollars tSl0OOO each said sto,k
'hall be paid tor IN cash or in such INSTALL
ments and az such time and after such no
tce 10 the subscribers as the Roard ~ m,
rectors may NIX, same may be issued AZ
not less than par for labor done or services
performed FOR the said corporation ON pron-
erty rights actually received by said CORPORA
ton or promotion.
THIS corporation may become a going con-
Germ and shall be authorized 70 cpmmenr,
business when ard as soon three thou
sand dollars tS5.OOOOO of its capital sf,ck
snail have been subscribed for
Al transfers OF stock OF this corporation
shall De made on the books OF the corDora.
Ion al ITS domicile IN the City OF New or.
Article '. All the corporate powers Of said
corporation shall be vested IN and exercised
~ Board o. Directors to be composed OF
I'VE 90 Stockholders 20 be elected annually
ON the hrst Monday m February Of racb
year; the hrst 10 be held after the expiration
~ =, INC term OF otnoe Of the FIRST Board OF
DIRECTORS, whICh shall stay in nfbrr ,,,t,I
The hrst Monday IN February 1910 rb-.s
Ut whom shall constitute a quorum
Nhy ulIeStor may, m writing give and al
ms pleasure Teyoke, proxy to act for and
represent him IN his absence at the meetings
OF the Board OF Directors and Siicb nrnvisS
snail exercise all the rights. powers and priv
uegeS OF their constituents; provided how
eNer' that the said person or persons who
corporation. '''N
Al such elections shall be by baIIot and
s9al DC heid and conducted az the office
OF sara corporation, under such regulations as
may De established by the Board Of Directors
NoIlee OF such election shall be given bv
me Secretary OF sand corporation by pubIica-
tion tor not less than ten DAVIS prior tb.-.t,
IN daily newspaper published in the go
nsh Language IN the City Of New Orleans.
NJ All such elections and az all corporate
AeellnES' every stoe kholder shall be entitled
90 one vote Tor each share Of stock standing
ln ms name on the books OF said curporarion
20 De cast by BIN IN person. or by his writ /
east shall elect.
Any vacancy occurring an,opy IN. H..
tors OF said corporation by death. resigna /
Ion or otherwise. shall be hlled nv rIart;,, 4
Tor the uneNpired term by the remaining d. I
A failure 10 elect directors on N. d,-,
above specihed shall not dissolve the CO..
poraton nor impair ITS corporate existe1rr
ana management, but the directors tb., -
othee shall remain IN office until their s,,r
med ''o tu-i-
The Board OF Directors az its FIRST r,sst;,,,,
shaL eject from their own number 4 p--si Z
dent and Vice Presidents. They shall ssIo
eject Secretary and Treasurer or ona n.- |
son to act Is both Secretary and Treasy---
ettner on whom may or may not be a r5rmb.,
OF said board, and a General MANAGE
he Board OF Directors from time 10 I'm.
may name and appoint all such other 5f5rr-S
dnd agents as Il may deem neceysarv -
TIE purposes and business OF said cnrp,-,.
Ton The said board shall have powr- 70
nN and define the duties of every osfrcT
md employee and all officers and emnlev.s
'naiI hold Office and employment az tbe
pleasure OF the board. The board NAV r,ake
ma establish as well as alter and arrend
IA such bylaws, rules and regulations ne ,
ssary and proper in its Judgment for re
onduet and management of the business ana /
iidlrs OF such corporation. The Board of
directors shall have full power and aursor- c
~ 70 borrow money. to execute mortgages ,
nd 20 create liens 10 issue bonds and orber
OhgauonS, and 10 secure same bv ,aor. ! Il
age pledge, or otherwise; and generally IA
any and all tlInus