The herald., 1917-08-16
CHAR TER
Of THE THIBAUT MOTOR COMPANY,
INC.
State OF louisiana Parish of Orleans, City
Of New Orleans.

: State OF Louisiana, Parish OF Orleans, City
. Of New Orleans.
e BE II known that on this the JOth day Of
: the month Of April, in the year of our Lore
{ one thousand nine hundred and seventeen
c before me, Charles J. RIvet, notary public
n duly commissioned and qudliHed IN and FOL
the city and parish aforesaid, therein reSId
\ ing, and the presence OF the witnesses
E hereinafter named and undersigned, person.
/, ally came and appeared the several persons
whose names are hereuntO subscribed, and
who SeyerdlIy declared that avalllng them
selves OF the provisions OF the laws OF the
4 State of Louisiana relative TO the formation
Of corporations and more particularly to Act
! 5h OF the legislative acts OF the General
4. Assembly OF the State of Louisiana for the
year 1914, approved July 9, 1914, they have
! cOvenanted and agreed and do by these pres
] ents covenant and agree and bind themselves,
: as well as such other persons as may here
after become associated with them, to con
! | sutute and form corporation and body pol
ltc in law, for the objects and purposes and
under the terms, articles and stlpulatlons
following, to-wlt:
Article 1.-The name and title of this cor
poration shall be the "Thibaut Motor Com
pany, Inc" and by that corporate name, it
shall have and enjoy succession for period
Of ninety years.
Article 1.-THE domicile of this corporation
shall be IN the City OF New Orleans, Parish
Of Orleans, State of Louisiana.
Article III.-The objects and purposes for
which this corporation is formed, and the
nature of the business TO be carried on by
it, are hereby declared to be: To buy, SELL
! lease, store, repair and otherwise deal IN
automobiles, motor trucks, tractors, and motor
vehicles Of all kinds and descriptions and
| their parts and accessories and appurten-
ances; TO buy and sell gasoline and all kinds
OF oil, grease and the like and to engage in
| such other business businesses may be
! necessary or incident thereto, as from time
/ 10 time may be found necessary and expe-
dent and generally to do any and all things
| lppertaIning to, growing out Of and relating
| to the nature Of the aforesaid objects and
| purposes
! Article IV.-The total authorized capital
| stock OF this corporation is ten thousand dol
| lars, divided into one thousand shares of the
par value OF ten dollars each OF such total
amounting TO four thousand dollars, shall be
preferred stock, and six hundred shares,
| amounting to SIX thousand dollars, shall be
| common stock The holders of the pre-
when and as declared, from the surplus or
| the net profits OF the corporation, yearly
dividends at the rate, OF six per cent per
! annum, payable annually. The dividends on
! the preferred stock shall be cumulative and
| shall be payable before any dividend on the
common stock shall be paid or set apart. so,
that II IN any year dividends amounting 10
| six per cent shall not have been paid there
| on, the deficiency shall be payable before
| any dividends shall be paid upon or set
apart for the cumulative stock. The board
OF directors IS AtreDy aushOTlZed whenever
| they shall it. to declare extra dividends,
| payable to the holders of the preferred stock.
Whenever all cumulative dividends on the
| preferred stock for all previous years shall
| have been declared, and shall have become
| payable, and the accrued dividends for the
! current year shall have been declared and
the company shall have paid such cumula.
| tive dividends for the previous years and
| such accrued dividends, shall have set
| aside from its surplus net profits sum
| sufficient Tor the payment thereof; the board
| Of directors may declare dividends the
| common stock, payable then or thereafter,
| out of any remaining surplus or net profits
| In the event of any liquidation or dissolu-
| ton or winding up whether voluntary or in
| voluntary OF the corporation, the holders of
! the preferred stock shall be entitled 20 be
| paid in full both the par amount of their
| shares, and the unpaid dividends accrued
! thereon, before any amount shall be paid TO
| the holders of common stock; and after the
| payment 10 the holder of the preferred stock
| OF its par value, and the unpaid accrued div
| idends thereon, the remaining assets and
| funds shall be divided and paid to the hold
ers OF the common stock according to their
respective shares.
Said corporation may and it hereby re-
serves the right TO purchase, redeem, retire
and cancel any and all or all of the then
outstanding preferred stock of the corpora
ton at any time, in such amounts from time
to time and in such manner as the board of
directors may determine, by paying 20 the
respective holders of the stock so retired or
by depositng to their order at the office of
the company, a sum or sums equal to the
par value OF the preferred stock so retired
and cancelled, together with all accumulated
and unpaid dividends thereon, if any. In
case of such deposit, written notice thereof
shall forthwith be given 10 the respective
holders OF the stock so retired and cancelled
by mailing such notice to such holders at
their last known place of business if shown
by the corporate record.
Article V.-The capital stock of this cor
PoTTation M, may be increased to fifty thousand
Article VI--The board of directors shall
be composed of not less than three nor more
than five stockholders, holding common
stock: The majority of those elected shall
The preferred stock shall have no voting
power.
The directors at their first meeting and at
each annual meeting shall elect from their
number a president, vice-president and a
secretary and a treasurer, which last two
named Offices, however, may be combined at
the pleasure of the board. The annual meet
ing for the election of directors shall take |
place on the third Tuesday of May of each |
year and until the meeting TO be held in |
1922, the following shall serve as directors |
Orleans La; James ,Thibaut, New Orleans,
La; J. {. Menefee, New Orleans, La.
ANY vacancies occurring in said board |
shall be filled from the other stockholders |
t Tor the unexpired term, by the remaining |
Article .VII.-The subscribers hereto have
respectively written opposite their sigma.
lures their post office. addresses and the |
amount of stock for which they have sub
scribed and in payment of said stock, the
undersigned James Thibaut does hereby
transfer assign, sell, abandon, set over and |
deliver untod this corporation all and sim
gular his rights, title and interest in and
10 MS share as partner in the co-partnership
entitled Bruno & Thibaut" which said |
partnership until this day was engaged in
the business of arranging for the sale of
ford cars under contract with the Ford Com
Pany. detailed itemized description of
the property herein above transferred is here.
by annexed as part hereof, together with the
assessment OF said property as made by the
BOARD OF directors Of this corporation
mus done and passed at nv office in this
city OF New Orleans, on the day, month and
year hereinfrst above written in the pres.
ence OF Charles A. Case and Manuel Saizan.
competent witnesses, who hereunto sign their
names with said appearers and me, notary
after due Grading of the whole.
omitted
Witnesses: Chas. A. Case, Manuel Saiza,
CHAS. J. RIVET, Not. Pub
Recorded NJ o. B. 1912, 70. 100.
A true copy.
CHAS. J. RIVET Not. Pub
July 10 70 Aug 2 Is %
AMENDMENT OF CHARTER