The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1916-10-20
CHARTER
TIE WELSH GARAGE COMPANY
(lncorporated)

and Tor such other person or persons
as may associate, or become associated
with them, have, ana 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-
owing terms and stipulations, which
hey adopt as their Charter, to-wit:
I ARTICLE /.
The name and style of this corpor-
alton shall be "The Welsh Garage
company, Incorporated" and under
his name and style it shall have and
enjoy all the rights granted to cor
.lorations under the laws of the State
of Louisiana, and it's domicile shall
Je, 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 an
contract to buy, sell, exchange anC
lease all kinds of property, real, per.
5onal and mixed.
TO buy, construct, maintain and op.
crate a garage and machine shop OF
shops, iron works, foundry, WOO
working plant or other repair OF 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
:hinery, tools, implements, appliances
fittings, pumps, valves, batteries, en-
gines, boilers, pipe, screen for oil anG
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 APP
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
lion 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 QOO,-
)O) per share. Which capital stock
may be increased to the amount of
Ten Thousand Dollars (1O,0OO.00) 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 i'll 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 when
ordered by the Board of Directors or |
the holders of Thirty-three and one
third (93 10y per cent of the out
standing stock, and notice of all stock
holders, meetings other than adjourn
ed meetings, shall be given in the
manner prescribed for stockholders
for the election of Directors
unless such notice be waived, and all |
meeting of the stockholders shall be
held at the domicile Of the corpora
ton.
ARTICLE vi.
The Board of Directors when elect
ed by the stockholders shall elect
from their own number President,
Vice President. Secretary and Treas
urer, both of which last named officers
may be held by one person. The re-
spective officers shall have the powers
usually given to said officers, and
shall serve until their successors shall
have been elected and qualified.
The President and Secretary, with
the approval of the Board of Directors
shall have the right, power and au-
thority to enter into and execute all |
contracts of any nature which they
may see fit to make and to make pur-
chases, sales, leases, sub-leases and
execute all other instruments IS in
their judgment may be proper and
for the best interest of the corporation.
The following named stockholders
shall constitute the first Board of
Directors of this corporation and it's