The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-23
CHARTER
OF
y. K. NMARDON COMPANY, NC.
UNITED STATES OF AMERICA, J
STATE OF LOUISIANA. :

VI
Notary Public. daily qualified within
qud for the Parish Of st Mary, STATE Of
.uisiana, and in tie presence Of the
witnesses hereinafter named and under
,ned, personally came and appeared.
he several persons whose names arr
hcreunto subscribed, all Of til. age OF
majority. who declared that. awaiting
themselves If the provisions OF ne laws
IF this State relative to the o"Tan'Z =
on Of Corporations. they hereD, form
themselves into and constitute co:pu-
,ltion for the objects and purposes. aud
under the ssipulations hereinafter set
forth.
ARTICLE l.
The name and title Of the corporation
sl.al be w. f. SMARDON COMPANY.
INC. and under its corporation name i
shall have and enjoy succession and ex-
stence for n-riod of Ninety (99,
Years from the date hereof: ani shall
al~o have. enjoy and possess all The
powers, rights. phi, ieges and imnuni-
lies accorded 10 corporations under laws
Of this State.
ARTICLE II.
The domicile of this corporation shall
he in the Town Of Franklin, 1t. Naf y
Parish. Lou siana. and all citations II
other legal process snail he served app].
tie President of the corporation, or. in
his absence. upon the Vice President.
ARTICLE III
The objects and purposes for which
this corporation is organized, and the
nature Of the business to be carried on
By it. are hereby declared aud specified
10 be: To act as the selling agents or
representatives. of the manufacturers Of
automobiles, automobile parts, trucks,
tractors, pOwer-dIiven vehicles of all
;nds. tires, accessories and specialties
IT all kinds; to buy and sell autOmo-
titles. automobile parts and accessories
f all kinds. trucks, tractors, power
driven vehicles of all kinds. or parts of
same, tires, oils, grease and gasoline;
and to acquire, own and operate n IL.
rage at Franklin, La, operating 4 e.
vice station and doing general sn;
special repair work upon and for au ~
mobiles; to uwn, lei, lease and hire an-
inmohiies and 10 operate livery SER
vice. to establish branch agencies Or
garages wherever it may desire. aud
"lah full power u bny, hold, sell and
exchange al classes Of goods. wares,
II, Tchandise and personal property as
il may desire 10 handle: and, ia the in
teis,t OF such business, to make such
advances as ara required: and it shall
also ,.ave the power to buy, sell, hold,
lease, mortgage, ALLEVIATE and deal in
reni estate Of all sorts aud to erect
buildinLs thereon, lease, let and rent
sane. 10 acquire anu hold, sell, encum-
~ nr dispose Of stock auu bonds Of
ether Companies 10 such extent perm its
too by Law; - exchange its entire nj
tai stock, G.: Al, pat thereof. fer rrup-
city which II " nu,i 'riZ-. to acquire.
or to exchange its entire assets aut,
business "a any ptIt Thereof. tor rsup-
erty, stock, bG..4s or other obligations
OF other tu,npanies; and IT shall nave
the powtr t" receive security b. VI, of
mortgage am: pledge, Or III ANY ot.p :
manner. aud To borrow money ;na to
,ssue notes and secure sane by mort
gage, y edge or otherwise; and general
ly 70 d. ali things necessary and prop
erly c, INJECTED with or incidental or
convenient Ii ali, Of said obligations
and purposes
ARTICLE
(a) The capital Ock nf tbi. corporation
Is hereby fixed at Seven rbousan,t Five
Hundred ($7, 500. 0Oj Dollars. to be di.
vided into and represented by Seveai :
five (75l shares of the par value of Ot,c
Hundred (sl00.00) Dollars each, which
shall To pa!u for i'll cash, 'r may be =
sueC for property actually received rt
the corporation, or far services rende;-
ed, This capital stock may be lncrea4:,
% The sum Of Fifteen Thousand t3ij. :
UcU 800 Dollars;
90 No stuckh ldgr shall have til
right to assign ~ transfer a.iy ,narr
shares held Dl MN Dl.v,s ho sail /, '
tlrsf GEefcl same +. Writing - a.
brurH 81 Directors. ~AIch shall ha,..
tie right to purchase same within lee
tD} G1,s, thereafter &; the valUatio.
determined by the Boafd; and In case oi
dissatisfaction as 10 tbH piice the mat.
tr ctal be ab!rrated, one arbitrator
With the pOwtis of amicai,ir cnmpoun,.-
CTS ~ s'e APPOINTED by each side aud
Ri l.nri;e 60 be- selected bv those ,w9.
VII" sb;,I take 0atii and whose decision
snail be final And all shares of s,oc..
when 80 purchased may be reissued ut
not LEES than par.
(cl This corporation shall he operative
and 60 into business and BECOME Is
ing concern when seven Thousand Eve
Hundred (s7,bJo.00) Dollars Of its capt.
Ia. stock shall have been subscribed a. q
paid for,
ARTICLE V.
Ali powers OF tnls corporal ton sha
be vested IN and exercised by board -
Three 81 Dl.tc'nrs. No person shan
be eligl.'ie as IA Director un ess h- owns
in his own name rne ~ share, full pa Il
VI tbt capital Stock. Ihe Board hA;t
elect from their number u Ptesiuclt,
Vice.PicsideDt aud Secretary.Treasu
and shall fix the salaries of all officers
agents, employees. The Boa,r! Of
Directors shal. es elected annually. ca
The frst uontay in January o. eac.l