The herald., 1917-02-01
CHARTER
OF MOTOR PARTS COMPANY, INCOR-
PORATED.

State of Louisiana, Parish of Orleans, City
of New Orleans.
Be it known and remembered, that on
this 18th day Of the month Of December,
in the year one thousand nine hundred and
sixteen, and of the independence of the
United States of Americas the one hundred
and forty-frst, before me, Meyer S Dreifus,
notary public duly commissioned and quail
flied, and in the presence of the witnesses
hereinafter named and undersigned:
Personally came and appeared the persons
whose names are hereto subscribed, who
declared that, availing themselves OF the
provisions of the laws of this state relative
to the organization Of corporations, and more
particularly to Act 267 of the General AS
sembly of the State OF Louisiana tor the
year 1914, they have covenanted and agreed,
and do by these presents covenant and agree
to bind, form and constitute themselves,
as well as such other persons as may here
after joint or become associated with them,
for the purpose of forming themselves into
an association and body polite in law, for
the objects and purposes and under the
agreements and stipulations hereinafter set
forth, to-wit:
Article 1.-The name and title of this cor
poration shall be the motor Parts Company,
Incorporated" and under that name it shall
have and enjoy all the rights, privileges
and advantages conferred by the State OF
| Louisiana on corporations in general, and
| shall exist for a period of ninety-nine years,
urftiless otherwise dissolved, beginning from
| the date of this act OF Incorporation. IL
| shall have power and authority to sue and
| be sued, to buy and sell, hold, own, lease
| mortgage and hypothecate and pledge prop
| erty, real, personal and mixed; to name
| elect and appoint managers, directors ano
| clerks and other employees TO property con.
| duct its corporate business, and to make ~.
| laws, rules and regulations as may be found
| necessary or desirable for the management
| of this corporation, and shall do everything
! to correctly carry out its objects and pur
poses.
Article 1.-THE domicile of this corpo
| ration is hereby declared to be the CITY
of New Orleans, State of louisiana. Al
citations and other legal process shall b
served upon the president, and in the alb
sence of the president on the vice president
| and in the absence of both of them, upoi
| the secretary-treasurer of the corporation.
Article III.-The objects and purposes 10
which this corporation IS organized and TN
business to be conducted by It, are declares
10 be the general business OF repairing au
tomobiles, engines, motor boats and boats
and gas engines and to buy and sell USE
automobiles, and parts thereof, to repair
electric batteries and charge same; and I
do a general automobile repairing business
to handle any and all automobiles or moto
boat accessories, in fact to do any and al
things necessary or incidental to the con
Quoting of an automobile repair shop.
Article IV.-The capital stock of this cor
poration is to be FIVE thousand dollars (Ss,
OOOOO, divided into fifty shares OF the pa
value of one hundred dollars per share
| Twelve hundred dollars of the capital stool
Of this corporation shall be issued in lie'
Of all the tools, equipment and stock in trade
of ClarkHines, now situated IN premises
2Ol North Carrollton avenue, this city, a
per an inventory of said stock which wa
exhibited to the said incorporators and &C
| cepted at that valuation.
Said stock shall be represented by certi
fcates of stock to be issued at such tint
| and for such amount, at the price and upoi
the terms and conditions as the board o
directors shall see fit and proper, and shall
be paid for in cash or its equivalent il
property, as the Board of irectors shall de
eide. All shares shall be full paid and non
assessable. No stakeholder shall have thu
right to sell or otherwise dispose of his stool
in this corporation, without first offerint
same to this corporation, and to the indi
vidual members of this corporation, at thu
book value thereof. and this corporation i
authorized to purchase said stock at sai'
book value for the benefit of the other stock
holders Of the corporation. Should the cor
poration decline TO purchase said stock thu
shareholder shall have the right of option
to offer said stock for sale TO any other per
son or persons, firms or corporations.
Article V-This corporation shall be a 60
ing concern when thirty-eight $50 shares o