The herald., 1917-11-29
CHARTERS.
OF EDWARDS MOTOR co.. INC.
State of Louisiana, Parish of Orleans, Cit
of New Orleans.

|
William Waller Young, a notary public, j
and for the Parish of Orleans, State of Lol
isiana, duly commissioned and qualified, an
in the presence of the witnesses hereinafts
named and undersigned: Personally cam
and appeared:
The several persons whose names are her,
unto subscribed, all above the full age
majority, who severally declared that, avail
| ing themselves of the laws of the State
Louisiana, and especially the laws relaitv
to the organization of corporations, they hav
covenanted and agreed to bind, form an
constitute themselves, as well as all sue
other persons as may hereafter join be
come associated with them, into corpora
ton and body polite in law, for the object
and purposes and under the articles, agree
ments and stipulations following, to-wit:
Article 1.-THE name, style and title o
this corporation shall be Edwards Motto
Co., Inc, and, under that name, it shall hav
and enjoy all the rights, advantages an
| privileges granted by law TO corporations
and shall exist for the full term and periot
| of ninety nine (o9) years from this day. l
| shall have power to contract, sue and b.
| sued to make and use a corporate seal, ant
the same to alter and break at pleasure; K
hold, receive, lease, purchase, sell and con
vey, as well as mortgage, hypothecate anC
pledge property. real, personal and mixed
| corporeal and incorporeal; 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 we'll as alter and amend
from time to time, such bylaws, rules and
regulations as may be necessary and expe-
dent for the proper management and gov
eminent Of the affairs of said corporation.
Article 1.-The domicile of this corpora.
ton is hereby fixed 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 alb
sence, upon its Secretary Treasurer.
Article IIL-The objects and purposes of
this 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-
tomobile 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 fin.
ancially any person, firm or corporation en-.
gagged in the business of selling autono-
biles, automobile trucks and other motor
driven vehicles at retail or wholesale; to
accept in pledge automobiles, automobile
trucks, or other motor-driven vehicles for
any money lent on the security thereof, and
to keep and store said automobiles, automo-
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 TO 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 (sl0,oOOoO), to be divided
into and represented by one hundred Goo
shares, in the sum of one hundred (Sl0O.OO)
dollars, each. The capital stock Of this cor
poration may be increased to the sum of one
hundred thousand (sl0000o.0O 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,
a majority Of whom shall constitute a quo
rum for the transaction of business. The
Board of Directors shall elect annually from
their number President, Vice-President and
The first Board of Directors shall consist
of three stockholders, and shall be composed
Of John X. Edwards, George II. Edwards and
Edwin ". Edwards. with John X Edwards,
President, and George H Edwards, as Sec
retaryTreasurer.
The post Office addresses of said directors
are as follows:
Orleans, La; George H. 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
day thereafter. Each subscriber hereto sets
after his name his post Office address and
statement of the number of shares Of stock
which he agrees to take in the corporation.
Article Win the event of the liquidation
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
have the authority to wind up the business
and affairs Of this corporation.
In case of death Of either of said liqui.
dators, the survivor shall appoint stock
holder as successor to him.
Article VII.-This charter may be modi-
fed, changed or altered, or said corporation
may be dissolved, with the assent of stock
holders owning two-thirds of the entire cap
stockholders convened for such purpose. after
ten days written notice shall have been
given to each stakeholder, 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, II 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
charter null. or rendering any subscriber
liable beyond the unpaid amount, il any,
remaining due on his stock.
Article 1X.-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
hereby accept, as part of this
charter, and as conditions of this corpora
ton. all the rights, powers, privileges and
immunities granted to corporations, 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 if said rights,
powers, privileges, and immunities were set
forth at full length in this instrument
Article X.-The subscription of thirty-three
$50 shares each, of the said George H. Ed.
wards and Edwin w. Edwards to the cap
ital 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
Directors of this cororatipon at the |
sum OF nine thousand and sixty-six and |
Sc 2-3-l00 (S9O66.66 2-0 dollars; all as will |
more fully appear by reference to the act of |
sale, transferring said property to the cor |
poration, passed before the undersigned no. |
tary, this day; and the subscription Of thirty. |
four go 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. |
the Board of Directors of this Corporation
at three thousand, four hundred ($3,4O0OO) |
dollars. The inventory herein referred to
contains an accurate, detailed and itemized |
description of the property to be transferred, |
as aforesaid, and is annexed hereto as part