The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-11-03
CHARTER
THE WELSH GARAGE COMPANY
(lncorpOrated)

Parish of Jefferson Davis.
Know all men by these presents,
That the several persons whose names
are hereto subscribed, for themselves,
and for such other person or persons
as may associate, or become associated
with them, have, and by these presents
do form and incorporate themselves
into a body corporate under the laws
of the State of Louisiana, and by
these presents, they do covenant and
agree and bind themselves to the fol-
lowing terms and stipulations, which
they adopt as their Charter, to-wit:
ARTICLE /.
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
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 OPP
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 ".
The Capital Stock of this corpora
ton is hereby fixed at the sum of
Seven Thousand Five Hundred
Dollars ($7,5OO.O0), divided into
Seventy-five (75) shares of the par
value of One Hundred Dollars (1O0,-
0O) per share. Which capital stock
may be increased to the amount of
Ten Thousand Dollars (1O,0OOOO) in
accordance with the laws of Louis
lana. Stock in this corporation may
be paid for in labor or other services,
an din material furnished or good will
as we'll as in cash, and the judgement
of the Board of Directors as to the
value of the property, labor, good will
or services so taken, shall be conclu-
sive. This corporation is authorized
to commence business when one-half
of the Capital Stock has been sub
scribed and paid for in full,
ARTICLE V.
The corporate powers of this corpor-
alton are hereby declared, except as
hereafter may be stipulated, to be
vested in and exercised by Board of
Directors composed of not less than
Three nor more than Five of its stock
holders, which said Boarl shall be
elected annually by said stockholders
on the first Monday in January of
of each year; each stakeholder shall
be entitled to one vote for each share
of stock held and owned by him, and
may cast his vote in person or by
written proxy; and said meeting of
stockholders shall be preceded by due
notice according to law to each stock
holder at least fifteen days before
such meeting; provided, however
that failure to hold said meeting OF
the stockholders and to elect a board
of directors shall not operate as for.
fixture of the Charter or any aband.
onment of any of the rights secured
by it, to the stockholders, but the
Board of Directors and officers shall
hold over until their successors are
elected and qualified, Others stock
holders meetings may be held wher
ordered by the Board Of Directors Of
he holders of Thirty-three and one
third (33 1-3) per cent of the out
standing stock, and notice of all stock
holders, meetings other than adjourn
ed meetings, shall be given in thu
manner prescribed for stockholders
meetings for the election of Director
unless such notice be waived, and al
meeting of the stockholders shall b.
held at the domicile of the corpora
ton.
ARTICLE vi.
The Board of Directors when elect
ed by the stockholders shall cleo
from their own number a President
Vice President, Secretary and Treas
urer, both of which last named officer
may be held by one person. The re
spective officers shall have the power
usually given to said officers, an
shall serve until their successors Sha
have been elected and qualified.
The President and Secretary, wit
the approval Of the Board of Director
shall have the right, power and a,
thority to enter into and execute a
contracts of any nature which the
may see fit to make and to make pu
chases, sales, leases, sub-leases ar
axecute all other instruments IS