The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-11-10
CzlAETE--o,

and Tor tho Parish o: st. Mary, state OF
Louisiana, and in the presence OF the Wiz
Eesses herein fter named and undeisighed'
Iereonxiiy cane and appeared. inc ses
ArAl persons VIII ,se names are bereunto
aubscribed all Of the age or majority =.
who declared that. awaiting themselves Of
the provisions Of the laws OF this state
relative to the organic at;on OF corpora
tions, they hereby form themselves INTO
and constitute corporation Tor the oD'
Sects and purposes, and undar the stipuia'
lions hereinafter set forth.
ARTICLE I.
The name and title OF the eefpo1ation
shall he the LOUISIANA MOTOR CON :
PANY, INCORPORATED. and under IT.
CORPORATION name it shall have and ENJOY
succession and existence for period 81
Ninety.nine 99} years from the date here
Of; and shall have. enjoy ana possess al
the powers. rights, privileges and immu~
7 ties accorded to corporations under laws
CT this state.
ARTICLE II.
The Gon;cile Of this corporation shall he
In the town Of Morgan City, st. Mary Par
ish, Louisiana, and all citations or other
legal process shall be served upon the
President OF the corporation. or In us nb'
s.nce, upon the Vice. President.
ARTICLE III.
10 OO10CID Uuu pub PoSO0 Aos "H'Sn sNAA"
CORPORATION is organized and the nature
of the business TO he carried on by It. are
hereby declared and specified to be: 10
act a. the selling agents Or representatives
OF the manufactureraQf automobiles, auto
mobile parts. trucks. tractors. power driv-
EN- vehicles Of oil kinds, tires. accessories
and speciaIties OF all kinds: to buy and
sell automobiles: automoe'ie parts, ana
accessories Of all kinds, trucks. tractors.
and power. driven vehicles Of all kinds. or
parts Of same, tires. oils, grease aud gas
Uline, and to acquire, own and operate
garage ut Morgan City. La. operating
service station, and doing general and
special repair work upon and Tor autom0-
,lles. TO own. to let, lease and hire autos
mobiles and To operate . livery service; 70
establish branch agencies Or garages
,herever it may desire. and with full
power to buy. hold. soil and exchange al!
classes Of goods, wares, merchandise and
personal property % 1t may deeer0 70 han.
die; aud, II The interest Of such business,
. mako such advances - are required;
and Il shalt also havs tho power to bug,
sell; bold. lease, mortgage, ALLEVIATE and
dssl in real estate Of al sorts and 70 erect
kne; and 10 acquire and hold. sell. en-
hmber or dispose of stocks and bonds Of
S8ther companies TO such extent permitted
by law; 10 exchange its entire capital
stock or any part thereof. for property
which it il authorized to acquire, or to
exchange its entire assets and business,
or any part thereof, for property, stocks,
panies; and 1t shall have the power TO re-
ceive security by way Of mortgage and
pledge, or in auy other manner, and to
borrow money aud to issue notes and Sc.
cure same by mortgage, pledge Or other.
wise; and generally to do all things neces.
sary and properly connected with or
incidental to or convenient to any Of satd
obligations and purposes.
ARTICLE Nv.
ton is hereby fixed Ut six thousand III.
UOO.OO) Dollars, to be divided into aui
represented by SIXTY 1907 shares OF the
par value OF One Hundred t&lOO.OOJ Dol.
lars each, which shall be paid for In cash,
or may b. issued for property actusliy
received by the corporation Or for services
rendered. This capital stock may be In.
creased to Ten Thousand t$lO.NWW ) Dol.
lars.
10 No stock holder shall have the right
to assign or transfer any share or share
held by him unless be shall have offered
same in writing to the Board Of Directors,
which shall hsSs the right to purchase
same within Ten llO) days hereinafter at
the valuations determined BY the Board;
and in cuse OF dissatisfaction o to the
price the matter shall be arbitrated. one
to be appointed by each side |
and an umpire to be selected BY those two. |
who shall take osth and whose decision
shall be final. And oil shares Ut stock |
when 50 purchased may be rcissued at not |
less than par value.
To- This corporation shall be operative
and 60 into business aud become going |
concern when SIX Thousand S0oo. oOl
Dollars Of its capital stock shsll have been
subscribed and paid for.
ARTICLE
All powers Of this corpor atiun shall be |
vested ia and exercised by , Board Of !
three 80 Directors. No person shall be |
eligible as u Director unless he owns IN
his own name One ~ shave full paid. OF |
the capital stock. The Board shall elect /
from their number . President, Vice
President. and Secretary Treasurer, and |
shall fix the salaries Of Oh officers: agents
shall be elected annually, on the first
IN January Of each year. the first
election TO be held 10 the year OF 1918. All
,uch elections shall be by ballot at the
office Of the corporation. Notice of an.
nual meetings, IS we'll ~ OF special meet
ngs Of stock holders ,hall be given BY
written notice mailed fifteen (l5I days ia
2UV1OCo Oh tue Out0 OF SuCO m0StlUx6. 10
bach stakeholder appearing Us such on the
books Of the Company, 1t hts last desis.
mated address, or II the general delivery
It Morgan City. -. II be has not dssig.
mated an address. Each shareholder shall
- entitled 10 one vote for each share Of
stock standing In bis meme on the books
Of the Company. said vote to DO cast In
person Or by proxy, and Q majority Of
rotes shall elect. The Board OF Directors
hall have the power 10 ill oil vacancies
which may occur, or IN any manner arise,
o be created on the Board Of Directors.
wen though no quorum remain at the
!me such vacancies are 10 be filled. Fsti.
Ire to elect Directors on the dstc above
pecined shall not dissolve the corpora
Ion, but the Directors then in Office shall
emsin IN Office until their successors are
'lected. i