The herald., 1917-03-15
CHAR

OF MOTOR SECURITIES Co, INC.
United States of America, State Of Louisi.
ana. Parish Of Orleans, City OF New Or
leans.
Be it known. that on this 9th day of the
month OF February, A. d. 1917, before me
Edward b. Ellis, a notary public. duly com
misSioned land qualified in and for the
above named parish and state, personally
came and appeared: the several persons
whose names are hereunto subscribed, who
IN the presence of the witnesses hereinafter
named and undersigned, each and all de-
clared: that, lavailing themselves Il the
laws OF the state of Louisiana, on the sub.
Ject OF the Incorporation of corporations
and especially of Act 267 of 1914. they have
and do by these presents organize and con-
Stltute themselves as well as all other per
sons who may hereafter become associated
with them, into corporation and body
polite IN law, to enjoy corporate existence
during period OF ninetynine C9) years
after this date, unless sooner dissolved, and
under the, following stipulations which they
hereby adopt as their articles of incorpora-
ton OF, charter, to-wit:
Article The name of this corporation
shall be Motor Securities Co. Inc and its
domicile is hereby declared to be the city
Of New Orleans, State of louisiana and all
citation OF other legal process shall be
served on the president, and, in his absence,
Article 1.-THE objects and purposes of
this corporation, and the nature of the bust
ness to be carried on by it, are hereby de
CldIcQ 10 De as follows:
10 buy, sell and deal in and to act as
brokers for the purchase and sale of all
KINDS OF commercial paper, mortgages, notes,
stocks and bonds; to rent, deal in, purchase,
acquire, hold, own, sell otherwise dispose
OF, mortgage and hypOthecate automobiles
OF every description with full power to Dor
row or loan money secured by mortgage or
otherwise.
10 enter into all contracts, agreements or
engagements or incur any obligations con-
nected with or appertaining to any of said
objects; to establish branch offices or agen-
cieS at any place, or places, that the board
OF directors may deem advisable and to carry
on any part of its business and exercise
any part of its powers outside the state of
louisiana, or in foreign countries
And IN general to do anything necessary
incidental to and connected with said objects
and purposes, we'll as to exercise all
rights and powers conferred on corporations
by Act 267 of 1914.
Article III.-The capital stock of this cor
poratlon is hereby fixed at the sum of ten
thousand dollars 0slOOOO.OO), divided hint.
one hundred QOO) shares of common stock
each. NO')
The capital stock of this corporation may
be increased to one hundred thousand dol
lars SlO,OO0O) to be divided into common
and preferred with such powers or restric.
tons as the stockholders may decide in
accordance with law.
The preferred stock shall be entitled only
to annual dividends at the rate of 8ob paw
able mi-annually on the LIST of January
and July IN each year. which shall be GU
mulative.
In case of the dissolution of this CORPORA.
ton, the preferred stock shall be Inundated
at par before the common stock, but shall
nave no further interest in the assets or
the profits of the company
The preferred stock or any part thereof NAV
ne retired by the board of directors at the
end OF any semi annual period, upon the paw
ment TO the holder the par value only and
all payments due to the date of payment.
No stakeholder Of this corporation shall
sell, or offer to sell, any stock of this cor
Poration owned by him until he shall have
nrst offered the same to each of the other
stockholders thereof, for a period of thirty
lSO) days at the book value of said stock.
lhls offer shall be made in writing to the
board Of directors of this corporation, who
snail, tor the purpose be considered the
agent tor the remaining stockholders, who
snail have the right to purchase same at
SAID book value, in proportion to the stock
Article IV.-All of the corporate now.rs
OF this corporation shall be vested in and
exercised by a board of directors composed
OF not less than three 90 nor more than
nine ~ directors, to be elected at a meet
ing OF the stockholders held for that pur.
pose. at the domicile of the company, on the
second Wednesday in January, 1918 and
annually thereafter; notice OF which meetins
SHAH be given to each stakeholder at least
htteen Q5) days prior to each meeting,
either personally. or by d-positing same i,