The Rice belt journal., 1916-10-27
CHARTER
THE WELSH GARAGE COMPANY
(lncorporated)

Know all men by these presents, a
That the several persons whose names n
ire hereto subscribed, for themselves, S
md for such other person or persons lg
IS may associate, or become associated
With them, have, and by these presents
10 form and incorporate themselves
nto a body corporate under the laws
,f the State of Louisiana, and by
these presents, they do covenant and
agree and bind themselves to the fol- J
owing terms and Stipulations, which
they adopt as their Charter, to-wlt:
ARTICLE l.
The name and style of this corpor-
alton shall be "The Welsh Garage
Company, Incorporated" and under
this name and style it shall have and
enjoy all the rights granted to cor
porations under the laws of the State
of Louisiana, and it's domicile shall
be, and is hereby fixed in the city of
Welsh, in the parish of Jefferson
Davis and State of Louisiana.
ARTICLE II.
The objects and purposes of this |
corporation, and the nature OF the
business to be transacted and carried I
on by it are declared hereby to be as !
follows:
To purchase, own, hold, acquire, sell
lease, mortgage, exchange, donate and
contract to buy, sell, exchange and
lease all kinds of property, real. per-
Sonal and mixed.
To buy, construct, maintain and op-
crate a garage and machine shop or
shops, iron works, foundry, wood
working plant or other repair or man.
ufacturing establishments. To buy
own, hold, sell, manufacture, repair,
handle and otherwise deal in auto
mobiles, motor cycles, motor trucks
and their parts and all kinds of ma
chinery, tools, implements, appliances,
fittings, pumps, valves, batteries, en-
gines, boilers, pipe, screen for oil and
water wells, and also all other ma
chinery and appliances Of whatever
nature. And generally to do all and
everything necessary or convenient
for the accomplishment of any Of the
purposes herein enumerated or incl
dental to the powers herein named, or
which may or shall at any time ap-
pear conducive or expedient for the
benefit of this corporation.
ARTICLE III.
All citations, summonses and other
legal processes shall be served on the
President of said corporation, and, in
case of his absence, on the Vice Pres
ident, and in the absence Of both, on
the Secretary.
ARTICLE w.
The Capital Stock of this corpora.
ton is hereby fixed at the sum OF
Seven Thousand Five Hundred
Dollars ($7,5OO.0O), divided into
Seventy-fve (75) shares of the pai
value of One Hundred Dollars (1OO,'
OOl per share. Which capital STOCK
may be increased to the amount Of
Ten Thousand Dollars (10,OOO.OO) IL
accordance with the laws of Louis
, lana. Stock in this corporation ma!
/. be paid for in labor or other services
, an din material furnished or good vii
as we'll as in cash, and the judgemen
of the Board of Directors as to tn
value of the property, labor, good viii
S or services so taken, shall be conclu
sive. This corporation is authorize
to commence business when one-hal
y of the Capital Stock has been sub
Il scribed and paid for in full.
h ARTICLE V.
h The corporate powers of this corpol
n alton are hereby declared, except a
: hereafter may be stipulated, to b
e vested in and exercised by Board
IS Directors composed of not less tina
y Three nor more than Five of its stool
= holders, which said Boarl shall
~ elected annually by'said stockholdel
. on the first Monday in January I
v of each year; each stockhOlder shs
X be entitled to one vote for each shal
er of stock held and owned by him, al
al may cast his vote in person or
" written proxy; and said meeting
stockholders shall be preceded by d1
lie notice according to law to each stoc
to holder at least fifteen days befo
es such meeting; provided, howev'
:" that a failure to hold said meeting
&c, the stockholders and to elect a boa
rd of directors shall not operate as fc
nd feiture of the Charter or any aban
.lv onment of any of the rights secur
- bv it. to the stockholders. but t
~ Board of Directors and officers sh
r. hold over until their successors q
elected and qualified. Others sto'
in holders meetings may be held VIII
-o4 ordered by the Board of Directors
01' the holders of Thirty-three and OIL
rly third (33 1-3) per cent of the O
standing stock, and notice Of all sto'
ter holders, meetings other than adjou
roa ed meetings, shall be given in
'eO manner prescribed for stockholde
ep- meetings for the election of Direct
the unless such notice be waived, and
uce meeting of the stockholders shall
,;le held at the domicile of the corpo
.ot ton.
' o., ARTICLE vi.
ulu The Board of Directors when ell
: in ed by the stockholders shall e
With from their own number Presid
+ Vice President, Secretary and Trf
~ urer, both of which last named offi'
'.'n may be held by one person. The
ing spective officers shall have the poV
'een usually given to said officers,
own shall serve until their successors S
how have been elected and qualified.
Oei' The President and Secretary,
r TO the approval of the Board of Diree
cut shall have the right, power and
:. thority to enter into and execute
contracts of any nature which
may see fit to make and to make
-N chases, sales, leases, sub.leases
II 1kLo~ ;,,o4 4,.t,ronntc q