The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-05-26
CHARTER
". (. SMAEDNN COMPANY, inc.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA. !
-

i
STATE OF LOUISIANA.
PARISH OF ST. MARY.
BE it Known, that on this 24th day o.
May. 1917. before me, Paul Kramer. s
Notary Public, duly qualified within
and for the Parish Of St. Mary, State OF
Louisiana, and in tie presence of the
witnesses hereinafter named and under
signed, personally came and appeared,
the several persons whose names are
hereunto subscribed. all of the age OF
majority. who declared that, availine
themselves of the provisions OF the laws
of this State relative to the OrganiZa-
ton of corporations, they hereby form
themselves into and constitute . cOrpO-
ration for the objects and purposes, and
under the stipulstions hereinafter set
forth.
ARTICLE /.
The name and title Of the corporation
sLaIl be W. X. SMARDON COMPANY,
INC. and under its corporation name it
shall have and enjoy succession and ex-
istence for . period of Ninety-nine 1897
years from the date hereof: and shall
also have, enjoy and possess all the
powers, rights. privileges and immuni-
0'OO oC~ViuC~ " wi pOA osAVu0 uhuoA low Q
of this State.
ARTICLE II.
The domicile of this co operation shall
he in the Town of Franklin, st. Mary
Parish. Louisiana, and all citations or
other legal process shah be served upon
the President of the corporation, or, in
his absence, upon the ice-President.
ARTICLI: III.
Tho objects and Purposes for which
this corporation is organized, and the
nature of the business to be carried on
by it, are hereby declared and specified
to be: To act as the selling agents or
representatives of the manufacturers of
automobiles, auto Mobile parts, trucks,
tractors, pOwer-d'riven vehicles of all
kinds. tires, accessories aud specialties
Of all kinds; to huy and sell autOmO-
biles, automobile parts and accessories
If all kinds. trucks, tractors, power
driven vehicles lOf all kinds, or parts of
same. tires, oils, grease and gasoline;
and to acquire. own and operate a ga
rage at franklin, La, operating SER
vice station and doing general and
special repair work upon and for auto
mobiles; to own, let, lease and hire au-
lomObiles and to operate livery SER
vice, to establish branch agencies or
garages wine rever it may desire, and
with full power to buy, hold, sell and
exchange ell classes of goods, wares.
merchandise and personal property AS
il may desire to handle; aud, in the in.
tersst of such business, to make such
advances 10 are required; and it shall
also have the power to buy, sell. hold,
lease, mortgage, ALLEVIATE and deal in
real e,tato of all sorts and to erect
buildings thereon, lease, let and rent
same; to acquire and hold, sell, encum-
Der Or dispose of stock and bonds of
other compsniee to such extent permit.
tod by law; to exchange its entire CAPT.
tai stock, or any part thereof. for prop
erty which II IL authorized to acquire,
Or to exchange it's entire assets aud
business, or any part thereof, for prop
orty, stocks, bonds or other obligations
of other companies; and it shall have
the power 10 receive security by way of
.nortg aye and pledge, or in any other
manner. and to borrow money and to
issue notes and secure SAME by mort
gage, pledge or otherwise; and general
~ to do all things necessary aud prop
erIy connected with Or incidental or
convenient to any of said obligations
and purposes.
ARTICLE Nv.
(a) The capital stock of this corporation
is hereby fixed at seven Thousand Five
hundred lS7, 5OO. OU) Dollars, to be di.
videu into anu represented by Seventy.
i've (75) shares of the par value Of One
hundred tSlUU.OO) Dollars each, which
shall be paid for in cash, or may be is
sued for property actually received by
the corporation, or for services render
I'D. This capital stock may be increased
to the SUN If Fifteen Thousand (Sl5,.
UOO. OOl Dollars.
TO- No stocxholder shall have tho
light W assign or transfer any sh IRE or
shares held by him unless no shall have
lirst offered same In writing to the
board Of Directors. which SHALL have
the right to purchase same within Ten
lU) days, thereafter at the valuation
..,ermined by tue Board; and in Case of
lissatisi action as to the price the mat
ter shall be arbitrated, one arbitrator
with the powers of anicable compound.
ers to be appointed by each side, and
Al umpire to be selected by thuse two
who shall take oath aud " nose decision
shall be dual. Aud all shares of stock
when 50 purchased may be reissaed at
not less than par.
lc) This corporation shall be operative
and " into business and BECOME u 90
ing concern when Seven Thousand Five
Hundred (S7 $4,000 Dollars of its capt.
IL. stock shall have beeu subscribed xnd
paid for.
ARTICLE v.
All powers of this corporation sha all
be vested in and exercised by \ Board Of
Three Directors. No person shall
be engiUie as u Director un.ess he owns
in his own name one share. TUT paid.
of the capital stock. The Board cha,