The herald. [volume] (New Orleans, La.) 1905-1953, 1917-07-26
CHARTER
IF TIE THIBAUT MOTOR COMPANY.
INC

~ !.
State Of Louisiana, Parish Of Orleans, City
Oi New Orleans.
BE !; known tina; on this the Sy,h day Of
The month OF April, IN the year OF our Lord
one thousand nine hundred and seventeen,
before me, Charles !. RIve;, a notary public,
duly commissioned and qualified and t5r
The city and parish aforesaid, therein resd-
ing, and IN the presence Of the witnesses
hereinafter named and undersigned, person
ally came and appeared the several persons
who Seye-aIy declared that awaiting them
selves Of the provisions Of the laws OF the
State Of Louisiana relative % the formation
II corporations and more particularly - Act
Assembly OF the state Of Louisiana for tn .
wear 1914, approved July Q, 1914. they hay
c1yenan;ei and agreed and do by these pres
rnt, covenant and agree and bind themselves
As well a. such other persons as may here
after become associated with them. % con.
>,itu;e and form a corporation and body pol
lrc n law, Tor the objects and purposes and
under the terms, articles and st:pulatI1ns
following. to-wIt:
Article 1.-The name and title OF this cor
p1ratlon shall be the "Th,jaut Motor Com
pany, Inc" and by that corporate name, It
-5all have and enjoy succession for a period
Of niuety-nine years.
Article U.-The domicile Of this corporation
shall be in the City Of New Orleans. Par 81
Of Orleans State Of louisiana
Article llL-The objects and purposes for
Which this corporation : formed and the
nature Of the business % be carried on by
II. are hereby declared 70 be: To buy. sell,
lease. store, repair and otherwise deal in
automobiles, motor trucks, tractors. and motor
vehicles IF all kinds and descriptions and
their parts and accessories and appurten-
arCe>: - buy and sell gasoline and all kinds
u oil, grease and the like and TO engage in
such other business Or businesses may be
-.
% time may be found necessary and expe-
diem; and generally - do any and all things
appcrtaIulng 20. growing out OF and relating
u the nature Of the aforesaid objects and
purposes.
Article IV.-The total authorized capital
stock Of this corporation i ten thousand dol
lars, divided into one thousand shares OF the
par value o.; ten dollars each. OF such total
authorized capital stock four hundred shares
amounting 10 four thousand dollars, shall be
preferred stock, and SIX hundred shares
amounting 20 six thousand dollars, shall be
common stock. The holders Of the pre-
when ard as declared, from the surplus or
the net p-ontS Of the corporation. yearly
dividends al 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 apar.. So
that II in any year dividends amounting to
>iN per cent shall not have been paid there
on, the deficiency shall he payable before
any dividends shall be paid upon or set
apart for the cumulative stock The board
u directors Is hereby authorized, whenever
they shall see TT, TO declare extra dividends
payable TO the holders Of the preferred stock
" henever 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 Ctl-rflIa h.
tive dividends for the previous years, and
such accrued dividends. or shall have set
ASIDE from Its surplus or net profits a sum
surncieat Tor the payment thereof; the board
Of directors may declare dividends on 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
81 ITS par value, and the unpaid accrued div
ldeniS thereon. the remaining assets and
funds shall be divided and paid 10 the hold
ers OF the common stock according TO their
respective shares.
Said corporation may and il 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
% 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 depoSItlng 10 their order at the Office Of
The company a sum or sums equal 70 the
par value Of the preferred stock 50 retired
and cancelled. together with all accumulated
and unpaid dividends thereon. If any In
ease o. such deposit. written notice thereof
shall forthwith be given 70 the respective
holders u the stock 50 retired and cancelled
by mailing such notice 70 such holders a.:
their last known place Of business, ii shown
by the corporate record
Article N.-The capital stock OF this cor
p0-at,0u may be increased 70 fifty thousand
dollars (S500OOO0J.
Article VI-The board Of directors shall
be composed Of not less than three nor more
than I'VE stockholders, holding common
stock. The majority Of those elected shall
constitute a quorum 70 transact business.
The preferred stock shall have no voting
power.
The directors at their f-s: meeting and at
each annual meeting shall elec. from their
number 4 president, a vice-presdeat and a
secretary and a treasurer. which last two
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
Of this corporation: James ]. A. Fortier, New
Orleans, La; James Thibaut, New Orleans,
La; J. c. Menefee, New Orleans, La.