The herald. [volume] (New Orleans, La.) 1905-1953, 1917-12-06
CHARTERS.
OF EDWARDS MOTOR CO., INC.
State Of Louisiana, Parish of Orleans, City
of New Orleans.

day Of October, in the year one thousand
line hundred and seventeen, before me,
NiiIidm Waller Young, notary public, in
and tor the Parish Of Orleans, State Of Lou.
isIanI, duly commissioned and qualified and
IN the presence Of the witnesses hereinafter
named and undersigned: Personally came
and appeared:
The several persons whose names are here.
unto subscribed, all above the full age of
majority who sevcrally declared that, avail
ing themselves OF the laws of the State of
LOUISIANA. and especially the laws relative
10 the organization OF corporations, thew have
coveuanted and agreed TO bind, form and
constitute themselves, as well as all such
other persons as may hereafter Join or be-
come associated with them, into a corpora
lon and body polite in law, for the objects
and purposes and under the articles, agree
meuis and supulations following, to-wit:
Article The name, style and title OF
Tins corporation shall be Edwards Motor
Co, Inc, and, under that name, IL shall have
and ENJOY all the rights, advantages and
privileges granted by law to corporations,
and shall exist for the full term and period
Of ninety-nine 09) years from this day. 1t
snail nave power to contract, sue and be
suedi 10 make and use a corporate SEAL and
The same to alter and break at pleasure; to
mold, receive, lease, purchase, sell and con-
vey, as well as mortgage, hypothecate and
Piedge property, real, personal and mixed,
corporeal and ineorporeal; to name and ap-
point such managers, directors, officers,
agents and other employees as its interest
and convenience may require, and to make
and establish, as well as alter and amend,
from time to time, such bylaws, rules and
regulations as may be necessary and expe-
dent tor the proper management and gov.
eminent OF the affairs of said corporation.
Article 1.-THE domicile Of this corpora
ton IS hereby hNed in the City of New Or
leans, State OF louisiana, and all citation or
other legal process shall be served upon the
PRESIDENT OF said corporation, or, in his abb
sence, upon its Secretary
Article lIl.-The objects and purposes of
his corporation, and the nature of the bus
mess TO be carried on by it are hereby de-
clared to be:
To buy, sell, repair, and generally deal in
automobiles, automobile trucks, and other
mOtOr-driven vehicles and BICYCLES and au-
tomoblle and bicycle supplies, and all other
business incidental to the retail and whole
sale automobile, automobile truck, and bi.
cycle business; to promote and assist I'm.
ancially any person, firm or corporation en-
gagged in the business of selling automo.
Diles, automobile trucks and other motor.
driven vehicles at retail or wholesale; to
accept In pledge automobiles, automobile
trucks, other motor-driven vehicles for
any money lent on the security thereof, and
to keep and store said automobiles, automo-
bile trucks, and other motor-dr vehicle
pending their redemption; with the right and
power to do any and all things necessary or
connected with, or in any manner incidental
or Complementary 10 the objects and pur-
poses therein set forth.
Article IV.-The capital stock of this cor
poration is hereby fixed at the sum of ten
thousand dollars ($l0,0O0.00, to be divided
into and represented by one hundred QOO)
shares, IN the sum of one hundred (Sl0OOO
dollars, each. The capital stock Of this cor
poration may be increased to the sum of one
hundred thousand (Sl00,0O0OO) dollars.
Article V.-All the corporate powers of said
corporation shall be exercised by a Board
OF Directors, consisting of not less than
Three, and not more than Five stockholders
m tU Narhl t,,11
rum Tor the transaction of business. The
Board of Directors shall elect annually from
their number President, Vice-President and
a SecretaryTreasurer
The first Board of Directors shall consist
Of three stockholders, and shall be composed
OF John X. Edwards, George H. Edwards and
Edwin w. Edwards, with John K. Edwards,
as President, Edwin w. Edwards, as Vice.
President, and George II Edwards, as Sec
The post office addresses of said directors
are as follows:
John X. Edwards, 1901 Canal Street, New
Orleans, La; George II. Edwards, p o. Box
III, Bay St Louis, Miss; Edwin w Edwards,
p o. Box III, Gulfport Miss
These directors and officers shall serve
until the second Wednesday of September,
1918, or until their successors have been duly
elected and qualified. The annual meeting
Of stockholders for the election of directors
shall be held on the second Wednesday in
September Of each year, unless said day be
legal holiday, and then on the next bank
day thereafter. Each subscriber hereto sets
after his name his post office address and a
statement of the number of shares of stock
which he agrees to take in the corporation
Article Win the event of the liquidation
or dissolution of this corporation, the stock
holders shall elect two liquidators from among
their number, at meeting convened for
that purpose, after ten days written notice
sent to each stakeholder by mail, to his
last known address; said liquidators shall
he IN nd the h,,o;o
and affairs of this corporation.
In case of death Of either Of said liqui-
dators, the survivor shall appoint a stock.
holder as successor to him.
Article VII.-This charter may be modi-
fed, changed altered, or said corporation
may be dissolved, with the assent Of stock.
holders owning two-thirds of the entire cap
ital stock, at general meeting of the
stockholders convened for such purpose, after
ten days written notice shall have been
given to each stockholder, mailed to him at
his last known address.
Article VIII.-No subscriber for stock shall
ever be held liable for the contracts, faults
or debts of said corporation in any further
sum than the unpaid balance, il any, due
the corporation on the stock for which he
has subscribed; nor shall any stakeholder
ever be held liable for such contracts, faults
or debts in any further sum than the I'M
paid balance, If any, on the stock owned by
him; nor shall any mere informality in or
ganization have the effect Of rendering this
liable beyond the unpaid amount, if any,
remaining due on his stock.
Article IX.-This corporation is organized
under the laws of the State of Louisiana,
and especially Act No. 267 of 1914, and the
subscribers hereto, for themselves and said
corporation, and for its officers, directors and
stockholders, hereby accept, as part Of this
charter, and as conditions of this corpora
ton, all the rights, powers, privileges and
granted to and conferred upon officers, direc-
tors and stockholders of corporations by said
laws and said act; such acceptance being as
full, complete and binding as il said rights,
powers, privileges, and immunities were set
forth at full length in this instrument
Article X-The subscription of thirty-three
(3D shares each, of the said George II. Ed
wards and Edwin w. Edwards to the cap
ltal stock of this corporation, has been paid
for by them by the transfer to the GER
poration Of the. real property. described
in the attached inventory; which prop
erty is now appraised by the Board Of
Directors of this cororatipon at the
| sum of nine thousand and sixty-six and
66 2-3-l0o ($9O66.66 2-0 dollars; all as will
more fully appear by reference to the act of
sale, transferring said property to the cor.
tary, this day; and the subscription Of thirty
four (34) shares of the said John K. Edwards,
to the capital stock Of this corporation has
been paid for by him by the transfer and
delivery to this corporation of the movable
property described in the said attached in
ventory; which property is now appraised by
the Board of Directors of this corporation
| at three thousand, four hundred $4,000
| dollars. The inventory herein referred to
description of the property TO be transferred,
as aforesaid. and is annexed hereto az mari