St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-05-05
81 CHARTERS

CHARTERS
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and especially of Act 267 of the Gen
eral Assembly of the State of Louisi
ana, for the year 1914, they have
covenanted and agreed, and by thes,
presents do covenant and agree, anl
bind themselves as well as such Other
persons as may hereafter become as
ISOLATED with them. or their success
sors, to form and constitute q body
polite in law, for the purposes anl
objects, and under the stipulations
and agreements, hereinafter Sc,
forth. which they hereby adopt al
their charter, tO-Wit:
ARTICLE 1.
The name and title of this cor
poration is hereby declared to be
Auto Trailercar Company.
incorporated,
and its domicile shall be in the town
OF CovingtOn, in the parish of St.
Tammany, in the State of Louisiana,
and by this name it shall have and
enjoy existence and succession for a
period of ninety-nine (99) years
from and after date hereof, unless
sooner dissolved by law or by the
consent Of the stockholders as here
matter provided.
Under this name this corporation
shall have the power and authority
to contract; to sue and be sued; to
make and use corporate seal with
such inscription and device as may
be selected therefor by the Board of
Directors, and the same to break or
alter at pleasure; to hold, lease, re-
ceive, purchase, sell, convey, alien
ate, borrow, pledge, mortgage and
hypothecate, under its corporate
name, property, real, personal and
mixed, movable and immovable; to
issue bonds as the law permits, as
we'll as notes and other obligations;
to name and appoint such officers,
directors, managers, agents and en-
ployees as the interest and convent
ence of said corporation may re-
quire; to make and use such bylaws
and rules and regulations for the
proper management of its affairs as
may be deemed necessary and prop
er, and the same to reasonably
change, at pleasure; and to do all
others acts and things permitted by
law, or such as may be necessary
for the proper conduct of its affairs,
or to carry into effect any of the
powers, privileges and immunities 1t
is permitted to hold and exercise I'M
der the laws of the State of LOuisi
ana.
ARTICLE II.
All citations. or other legal pro-
cesses shall he served on the presi-
dent. or in his absence, on the vice.
president, or in his absence, on the
secretary-treasurer of this corpora
ton, at its dOmicile, in accordance
with the statutes Of the State of Lou
isiana, relative to making service on
ARTICLE III.
The objects and purposes for which
this corporation is organized and es-
and the nature of the
business to be carried on by 1t, are
declared to be: To buy, sell, lease,
store, repair, rent, alter, manufac-
ture and deal in Trailercars, trailers,
motor vehicles and
other types of vehicles, of all de-
and their parts, supplies
and accessories; and to manufac4
ture, sell and deal in bodies, tops and
all other parts, supplies and access
series pertaining to Trailercars,
Trailers, Automobiles, Motor We
hicles and other types Of vehicles, Of
all descriptions; at wholesale and re-
tail; and the same, with other prop
erty, real, personal and mixed, NOV
able and immovable, to hold, lease,
receive, purchase, sell, convey, ellen
ate, borrow, pledge, mortgage and
as may be necessary to
the prosecution of its business. 1t
shall also have power and authority
generally to do and perform any and
all acts and things pertaining to the
business above enumerated, connect
ed Herewith or arising therefrom or
needful in the conduct thereof, as
are necessary, either in the State of
or elsewhere, and to have
all the rights, privileges and immun-
tiles now granted by law to corpora
tons, and such additional rights,
privileges and immunities as may
hereafter be granted by law to cor
porations. And, for the purpose of
or furthering any of its OBJ
jects, to do any and all other acts
and things, and to exercise any and
all other powers which a copartner-
ship or natural person could do and
and which now or hereafter
may be authorized by law.
ARTICLE Nv.
The capital stock of this corpora
ton is hereby fixed at Five Thousand
($5OOO) Dollars, divided into and
by fifty (5O) shares of
stock, of the par value of One Hun
bred $4,000 Dollars each, which
shall be paid for in cash when SUBJ
scribed for, or in such manner as
is provided by law, and as the Board
Of Directors may require. The par
ties thereto declare that they hereby
subscribe for the number Of shares
set opposite their respective sigma
lures hereto, or in an aggregate of
Five Thousand Dollars.
All of said stock shall be Common
Stock.
The capital stock of this corpora
ton may be increased to an amount
not exceeding Twenty Thousand
C$20, O00) Dollars by vote of two
thirds (2-3) of all of its stock pres
ent or represented at any meeting
called for that purpose. Should the
stock be increased, the stockholders
At that time shall have the right to
take shares in the increased capital