The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-10-13
CHARTER
THE WELS GARAGE COMPANY
7-porated)


7-pOTated)
State of Lor ia,
Parish Of J'nyTSon DAVIS.
Know all men by these presents,
That the several persons whose names
are hereto absorbed, for themselves,
and for such oVDer person or persons
as may associate, or become associated
with them, have, and by these presents
do form and incorporate themselves
into 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
thev adopt as their Charter, to-w!t:
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 its 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 Oh 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 ana
contract to buy sell, exchange and
lease all kinds Of property, real, per-
sonal and mixed.
To buy, construct, maintain ana OPP
crate a garage and machine shop or
shops. iron works, foundry, wood
working plant or other repair Or man
ufacturing establishments. 10 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
chjnery and appliances of whatever
) nature. And generally to do all anC
everything necessary or convenient
for the accomplishment of any OF the
) PURPOSES herein enumerated or Incl
D dental to the powers herein named, Oh
S which may or shall at any time ap
near conducive or expedient for the
benefit of this corporation,
" ARTICLE III.
j: All citations. summonses and othe
: legal processes shall be served on I'M
: President of said corporation, and, II
6 case of his absence, on the Vice Pres
=, ident, and in the absence of both, Oh
the Secretary.
It ARTICLE ".
it The Capital Stock of this corpora
= ton is hereby fixed at the sum 0
- Seven Thousand Five Hundre
e Dollars ($7,5OOOO), divided into
d Seventy-fve (75) shares of the pa
J. value of One Hundred Dollars 600
II i0O) per share. Which capital stoc
.s may be increased to the amount Q
Ten Thousand Dollars (10,000OO) i
' accordance with the laws of Louis
lana. Stock in this corporation ma
le be paid for in labor or other service
/ an din material furnished or good wi
- as we'll as in cash, and the judgemer
=, of the Board of Directors as to tn
Tx value of the property, labor, good WI
a. or services so taken, shall be concll
er sive. This corporation is authorize
=, to commence business when one-ha
of the Capital Stock has been sui
y scribed and paid for in full.
u ARTICLE V.
e, The corporate powers of this corpo
st alton are hereby declared, except {
a. hereafter may be stipulated, to
vested in and exercised by Board
Directors composed of not less tia
10 Three nor more than Five of its stocI
op holders, which said Boarl shall
r. elected annually by said stockholde
III on the first Monday in January
~ of each year; each stakeholder shs
be entitled to one vote for each sha
up of stock held and owned by him, al
ed may cast his vote in person or
IS written proxy; and said meeting
stockholders shall be preceded by d.
notice according to law to each stoc
Gu holder at least fifteen days befo
lly such meeting; provided, howeve
IN. that a failure to hold said meeting
W. the stockholders and to elect boa
of directors shall not operate as fo
fixture of the Charter or any aban
onment of any of the rights secur
by it, to the stockholders. but t
IL Board of Directors and officers sh;
On, hold over until their successors a
elected and qualified. Others stoc
be holders meetings may be held VIII
" ordered by the Board Of Directors
1r- the holders of ThiHy three and or
ct third (3S 49, per cent of the OF
standing stock, and notice of all stoc
re holders, meetings other than adjoul
- ed meetings, shall be given in
''i manner prescribed for stockholde
US, meetings for the election of Directc
IRE unless such notice be waived, and
so meeting Of the stockholders shall
held at the domicile Of the corpol
ton.
ig- ARTICLE VI.
ng The Board of Directors when ele
IN ed by the stockholders shall ell,
mo from their own number a Preside
"a Vice President, Secretary and Ire;
ia' urer, both of which last named office
Tor may be held by one person. The
Ike spective officers shall have the pow,
usually given to said officers, a
o.o shall serve until their successors sh
'e =. have been elected and qualified.
SUI The President and Secretary, w
ove the approval of the Board of Direct