The herald. [volume] (New Orleans, La.) 1905-1953, 1914-03-12
CHARTER


OF THE MODERN WHEEL COMPANY
| United States Of America, State OF Louisiana,
/ Parish OF Orleans, City OF New Orleans.
he It known, That on this NTH day Of
| February, in the year OF our Lord one thou
sand nine hundred and fourteen and Of the
Independence Of the United States OF AmerICa
! the one hundred and thiTty-eiehth, before me,
| John +. lO5ln, notary public, in and for
the Parish Of Orleans, State Of Louisiana
aforesaid and in the presence Of the wit
ncsses hereinafter named and uudersi gncd,
personally came and appeared the several
| persons whose names are hereuntO subscribed,
who seyerally declared that availing them
selves Of the laws OF the State Of Louisiana
/ IN such cases made and provided, they have
| covenantcd and agreed and do BY these pres
cnts covenant and agree and bind themselves,
/ as well as all such persons as may hereafter
! become associated with them, to form a cor
! poratlon 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 1t shall have
power and authority 10 have and enjoy cor
! porate existence and succession for the full
| term and period Of nInety-uIne years from
and after the date hereof; to contract, sue
! and be sued; OF make and use a corporate
! seal, and the same 10 alter and break at
! pleasure; 10 hold, receive, lease, purchase
| and convey, as well as mortgage and kypoth-
ecate property, real, personal and mixed, cor
1 poTcaI and luCOTpOreal; to name and appoint
| such managers, agents, directors and officers
|
| 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 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-
| his absence upon the Vice President thereof
ana IN the absence OF both Of said officers,
| upon the General Manager of said corpora
tlon.
| 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 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 or in other
| countries; 10 manufacture, buy and sell
wheels, vehicles, trucks, wheelbarrows ma
! ChlncTy, and any and all articles manufaC-
| tured; and TO manufacture any and all ar
| tlcleS, 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 tor 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 Tor the interest and advantage of the
corporation; to own, lease, construct main
| tam and acquire factories, depots warehouses.
| TO purchase consolidate with any other
corporations, organized under the laws OF
me state OF louisiana, or 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 NAV
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 oDer.
ate docks, walks for landing of vessels and
Tor the receiving, storing and forwarding of
freight and the accommodation of pasSen.
gers and generally TO hold and exercise all
such incidental powers and privileges as re.
late to the objects hereinbefore set forth
Article ~. The capital stock of this cor
Poratlon IS hereby fixed at the sum of Thirty
and represented by three hundred and fifty
$50 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.
tice 10 the subscribers the Board of Di-
rectors may hN, 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 corpora
ton promotion
This corporation may become a going con.
business when and as soon as three thou
sand dollars (s3,00OOO) of its capital stock
shall have been subscribed for.
All transfers OF stock Of this corporation
ton al 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 Board of Directors to be composed Of
hve ~ stockholders to be elected annually
on the first Monday in February of each
OF the term of office of the first Board Of
Directors, which shall stay in office until
the hrst Monday in February, 1919 three
OF whom shall constitute a quorum
IN
ms pleasure revoke, proxy to act for and
represent him in his absence at the meetings
OF the Board OF Directors, and such proxies
shall 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 by ballot and
shall be held and conducted at the office
OF said corporation, under such regulations a,
may be established by the Board Of Directors.
Notice OF such election shall be given by
the Secretary of said corporation by publica.
ton tor not less than ten days prior thereto
IN daily newspaper published in the Eng
lish language in the City of New Orleans
AT 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 writ.
ten proxy, and the majority of such votes
cast shall elect.
Any vacancy occurring among the Direc-
ton, or otherwise, shall be filled by election
for the unexpired term by the remaining di.
rectors.
A failure to elect directors on the date
above specified shall not dissolve the cor
poratlon nor impair its corporate existence
and management but the directors then in
othce shall remain in office until their sue.
flied. 0 f"~''
The Board of Directors at its first meeting
Sna!i elect from their own number a Presi.
elect Secretary and Treasurer or one per.
son TO act as both Secretary and Treasurer
either of whom may or may not be a uemhry
Of said board, and General MANAGE
The Board of Directors from time TO tin.
may name and appoint all such other officers
and agents as 1t may deem necessary for
the purposes and business of said CORPORA
ton. The said board shall have power 10
INK and define the duties of eyery Officer
and employe, and all officers and emnloye,
shall hold office and employment al The
pleasure Of the board. The board NAV make
and establish we'll 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
anairs OF such corporation. The Board Of
Directors shall have full power and author
lily 10 borrow money, to execute mortgages
and to create liens to issue bonds and otber
ooIgations, and to secure same by mort
sage, pledge, or otherwise; and generally 70
do any and all things reasonable convenient
and necessary for the proper carryins on of
the business and affairs of said corporstioo
!he Board of Directors NAV Issue full
pald shares OF stock for cash or in payrrnt
OF labor done and performed for said corpor,.
tlon' or property actually received by said