The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-05
EMILE ]. LEONARD,
CHARTER

CHARTER
OF THE MODERN WHEEL COMPANY
United States Of America, State Of Louisiana,
Parish OF Orleans, City OF New Orleans
BE it known, That on tins nth day OF
sand nine hundred and fourteen, and of the
Independence Of the United States of America
the one hundred and thirty eighth, before me,
John +. TObin, a notary public, in and Tor
the Parish Of Orleans, State Of Louisiana
aforesaid, and in the presence Of the wit
ncsses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto subscribed,
who Seyeraly declared that ayalllng them
selves OF the laws OF the State OF LOUISIANA
III such cases made and provided, they have
COvenanted and agreed, and do by these pres
ents covenant and agree and bind themselves,
as well as all such persons as may hereafter
become associated with them, TO form a cor,
pOTation for the objects and purposes and
under the articles and stipulations following,
to-wIt:
Article l. The name of this corporation
| shall be The Modern Wheel Company" and
under its said corporate name II shall have
power and authority to have and enjoy cor
| porate existence and succession for the full
| term and period of 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 TO alter and break at
| pleasure; 10 hold, receive, lease, purchase
! and convey, as well as mortgage and Eypoth-
ecate property, real, personal and mixed, cor
pOreal and IncOrpOreal; to name and appoint
| such managers, agents, directors and officers
| as its business, interest and convenience may
| require and to make and establish as well as
| alter and amend, from time TO time, such by
| laws, rules and regulations Tor the proper
| government OF the affairs OF said corporation
| as 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 Presi-
dent OF said corporation, or 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 1t are 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 in other
| countries; to manufacture, buy and sell
wheels, vehicles, trucks, wheelbarrows, ma
| chinery, 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 or machinery; to use
| same for the purpose OF manufacturing or
| otherwise, and to do any and all acts, and
| TO 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 for the interest and advantage of the
corporation; 10 own, lease, construct, main
tain and acquire factories, depots, warehouses
to purchase or consolidate with any other
corporations, organized under the laws of
the State of Louisiana, any other State, or
of the United States, or 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
. for the receiving, storing and forwarding o.
| freight and the accommodation of passen
gers, and generally to hold and exercise al
such incidental powers and privileges re
late to the objects hereinbefore set forth.
Article ~. The capital stock of this cor
i poration is hereby fixed at the sum of Thirty
FIVE thousand dollars (S55OOO), divided int
and represented by three hundred and ift,
| $50 shares of stock of the per value of on.
hundred dollars $4,000 each. Said stool
shall be paid for in cash or in such install
, ments and at such time and after such no
: tice to the subscribers as the Board of Di
: not less than par for labor done or service
: performed for the said corporation on prop
> erty rights actually received by said corpora
ton or promotion.
: This corporation may become a going con
: Germ and shall be authorized to commenc
business when and as soon as three thou
{ sand dollars CS,oO00O) of its capital stoc
: shall have been subscribed for.
!, All transfers of stock of this corporation
shall be made the books of the corpora
tion at its domicile in the City of New Or
> | leans.
}, Article V. All the corporate powers of sal
| corporation shall be vested in and exercise
. by Board OF Directors to be composed @
> i've t5) stockholders to be elected annual
| on the hrst Monday in February of eac
!, year, the FIRST to be held after the expiration
: of the term of office of the first Board .
! | Directors, which shall stay in office unit
: the first Monday in February 1919 thre
whom shall
: Any director may, in writing give and q
!. his pleasure revoke, a proxy to act for an
: represent him in his absence at the meeting
> | of the Board of Directors, and such proxie
shall exercise all the rights, powers and priv
: ileges of their constituents; provided how
Z ever, that the said person or persons VIII
4 are appointed are stockholders of the sal
y corporation.
!, All such elections shall be by ballot an
shall be held and conducted at the ofic
|, of said corporation, under such regulations a
may be established by the Board of Director.
: Notice of such election shall be given b
: the Secretary OF said corporation by publics
!, ton for not less than ten days prior theret
o in daily newspaper published in the Fno
= lsh language in the City of New Orleans,
At all such elections and at all corporal
= meetings, every stakeholder shall be entitle
20 one vote for each share of stock standin
| in his name on the books of said corporation
. 10 be cast by him in person, or by his writ
!. ten proxy, and the majority of such vote
= cast shall elect
g my vacancy occurring among the Dircc
I tors of said corporation by death, resign
:: ton, or otherwise, shall be filled by electio
for the unexpired term by the remaining al
j. rectors. ~
: A failure TO elect directors on the dat
. above specified shall not dissolve the co,
: poration nor impair its corporate existenc
: and management, but the directors then i
: office shall remain in Office until their sue
{ fled. u fH~
+ The Board of Directors at its first reetin
= shall elect from their own number a Pres
= dent and Vice Presidents. They shall ash
: | elect Secretary and Treasurer, or one pe,
: son TO act as both Secretary and Treasure,
either OF whom may or may not be a rembe
OF said board, and General Manager.
The Board Of Directors from time 10 tic,
. may name and appoint all such other officer
and agents as It may deem necessary f.
= the purposes and business Of said corpora
ton. The said board shall have power /
! hx and define the duties of every Office
I and cmploye, and all officers and emDloye
shai hold office and employment at tn
5 pleasure OF the board The board may max
and establish as well as alter and amer,
: all such bylaws, rules and regulations nee