The herald., 1914-02-19
CHARTER OF
AITO.CYCLE COMPANY.

AJ-TO-CNCLE COMPANY.
United States OF America, State OF louisiana
Parish of Orleans, City OF New Orleans.
Be it known, That on this second day oil
the month OF February in the year one th3u-
sand nine hundred and fourteen (lSl4), pc
fore me, Bernard Titche, a notary puohc
dulv commissioned and qualified IN and tor
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 IN such cases
made and provided they have covenahleo anu
agreed, and by these presents covenant ana
agree, and bind themselves, as well as sucn
other persons as may hereafter become asso-
ciated with them to form and constitute
corporation and body polite in law, for the
Durposes and objects and under the supula-
tions, articles and conditions following, TO-
wit: o.,
noration shall be the Auto-Cycle Company.
its domiciIe shall be in the City OF New Or
leans State of Louisiana, I: ,. A, ana unueI
its said corporate name, said corporation shall
have power and authority to contract, sue
and be sued; to make and use corporate
| seal and the same to break and alter at
pleasure; to hold, receive, ha e. purchase, I'M
prove, ALLEVIATE, convey, sell, borrow Pieuse'
| mortgage and hypothecate, under Its SAID cor,
porate name, property, real, personal ana
| mixed; to name and appoint such othceTs, d.
| rectors, agents and managers or employees
/ the interest or convenience Oh Sdiu vi
| poration may require; to make and establlsn
| bylaws, rules and regulations tor the proper
| management and regulation OF ITS affairs as
may be deemed necessary and proper, ano
| 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 proper
| to carry out the objects and purposes OF saic
| corporation.
| accordance with its charter, shall exist ant
continue for the period of ninety nine years
| from and after the date hereof.
| The president, or in his absence, the Wet
| president, shall be the proper person upor
whom citation or other legal process shall b'
| served.
Article H. The objects and purposes 70
| which this corporation is organized, and TN
| nature of the business to be carried on o.
il, are declared to be the following, to-wit:
| To design, manufacture, assemble, erect o
construct all kinds of gasoline or electro
pleasure or light delivery cars upon sucl
plans and specifications as may seem adVan
tageOus.
To own and operate machine shops or erect
ing plants; to 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; 10 manu-
facture and sell all articles and things winch
| in the opinion of the management OF SAT-
corporation may be advantageous or prohta
BILE; and generally to buy and sell article
| Of trade and commerce, and TO do all ming
| incident, proper or necessary IN con1e fi
Herewith and useful in carrying on Its busl
ness.
Article III. The capital stock of the cor
poration shall be one hundred thousand (SlOO,
0OO.OO) dollars, of which seventy-hve thousan
ISIS OOO.OO dollars, represented by seven hun
dred and fifty 75O) shares of the par valu
of one hundred $4,000 dollars per shar
shall be preferred stock, and twenty-five thou
sand (S25OOO.0O dollars, represented by tw
hundred and fifty ESQ shares of the pa
value of one hundred $1,000 dollars pc
Share shall be common stock.
The preferred stock shall be entitled to d
vidends of eight per cent 500 per annum |
each and every year, payable out of the ne
profits of the Company by priority over tn
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 eitht
in whole or in part, any unpaid portion there
of shall become charge against the nj