The herald., 1917-03-01
CHARTER

OF MOTOR SEtI RITES 20. INC.
United safes % America. State Of L~9ui,i-
ana. Pa-sa O.; Orleans. City o.: New Or
leans.
Be 3: known. :ha: on this oh day OF the
month o.: February, \. D.. 1911. before me.
Edward b. Ellis, q notary public. daily com
T's>IJ-ei land Cuali.ed in and ~ Ire
above named parish and state. personally
came and appeared: the several persons
IN me presence Of the witnesses hereinafter
named and undersigned, each and all de.
c-a-ed; that. ~avai!Ing themselves 4 me
laws u The state Of Louisiana, on the sub
lec; n ne Incorporation OF corporations,
and especially Of Act % Of 1914. they have.
ard do by these presents organize and CON
Sti.ute themselves. a. well a. all other per
sons wa3 may hereafter become associated
L2itc IN law. 70 en!oy corporate existence
during a period 0; niaety-aiue 49, wears
after this date. unless sooner dissolved, and
-1de- the following stipula;ions which they
ton Or charter, tO-wIt:
Article The name Of this corporation
s7a!. pe Motor Securities Co. I1c, and its
d5micile : hereby declared % be the CITY
u New Orleans. State OF Louisiana. and at
citation o. other lega, process shall be
served on the president, and, n his absence,
On me secretary.
Article 1.-The objects and purposes Of
this cooperation. and the nature o. the bus.
ness % De earned On by l., are hereby de-
cla-ed 10 be as follows:
l - DAes SC.4 anu zeal II and 70 act as
brokers' :or the purchase and sale Of all
kinds o. commercial paper, mortgages. notes.
stocks and bonds; 20 rent, deal in. purchase.
acquire. hold, own, sell or otherwise dispose
o. mortgage and hyPo:heca;e automobiles
OF every description with full power 70 boz
TOW Or loan money secured by mortgage o.
otherwise.
To enter into all contacts, agreements ,r
engagements or incur any obligations con
nected with Or apper;aining 70 any Of said
oo}eciS; 70 establish branch Offices or asen-
c!es az any place, or places, that the board
Of directors may deem advisable and 70 CO.
on any part OF its business and exercise
any part Of its powers outside the state OF
LOUISIANA, or in foreign countries.
A1d IN general 70 do anything necessary
Incidental 10 and connected with said objects
ana purposes. as well as 20 exercise al!
rights and powers conferred on Corporations
by Act 37 Of 1914.
Article III.-The capital stock Of this cor.
p~o-atlo7 Is hereby fixed at the sum Of zen
thousand dollars 100000. divided irnt.
one hundred 200 shares OF common sock
81 a par value OF one hundred dollars $500
Inc capital stock OF this corporation nav
be increased TO one hundred thousand dol.
ia-s SlI.OopO 10 be divided into common
and preferred with such powers OF -~estric.
.5Sns as the stockholders may decide in
The preferred stock shall be entitled only
% annual dividends al the rate OF sC paw.
aoIe semi-annually on the lst OF January
ahq July IN each year, which shall be Gu.
In case OF the dissolution Of this c,-no-a.
ton' the preferred stock shall be liquidated
az par before the common stock. but shall
nave no further interest in the assets OF
me prohts OF the company.
The preferred stock or any part thereof nav
De -e;-ed by the board OF directors az the
and OF any semI-annual period. upon the paw.
Tent 70 The holder the par value only and
all payments due 70 the date OF PAYMENT
No stockhoider OF this corporation shall
sell, or offer to sell. any stock OF this cor.
Poraiio1 owned by hin until he shall have
nFst one-et the same 70 each OF the othe-
sioeknolde's thereof, for a period o; thirty
GSl days al the book value OF said stock
inns orer shall be made in writing 70 II,
board OF directors Of this corporation, VII,
sAalI, Tor the purpose be considered thu
agent Tor the remaining stockholders, whc
shaiI have the right 10 purchase same a
ks4ld Dook value, IN proportion 10 the stool
Article IV.-All Of the corporate power,
fof this corporation shall be vested in AM
exercised by q board Of directors compose,
Of not less than three 81 nor more thar
nine % directors, TO be elected az a meet
ing OF the stockholders held for that pur
pose, az the d0micile Of the company. on n.
second Wednesday in January, 1918. an,
annually thereafter; notice of which meetin,
shaIl be gwen to each stakeholder at leas
htieen Q9 days prior to each meeting
either personally, or by deposi;ing same i;