The herald., 1917-01-25
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 thousand nine hundred and
sixteen, and of the independence of the
United States of America, the one hundred
and forty first, before me, Meyer 5. Dreifus,
a 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 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 for the
year 1914, they have covensnted 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 period of ninety-nine years,
untiless otherwise dissolved beginning from
the date of this act of Incorporation. II
shall have power and authority to sue and
be sued, to buy and sell, hold, own, lease,
mortgage and hypothecate ard pledge prop
erty, real, personal and mixed; to name,
elect and appoint managers, directors and
clerks and other employees to property con-
duct its corporate business, and to make by.
laws, rules and regulations 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. All
citations and other legal process shall be
served upon the president, and in the abb
| sence of the president on the vice-president
| and in the absence of both of them, upon
| the secretary-treasurer of the corporation.
| Article III.-The objects and purposes fol-
which this corporation is organized and the
business to be conducted by it, are declared
| TO be the general business OF repairing au'
| tomobiles, engines, motor boats and boats
| and gas engines and to buy and sell used
automobiles, and parts thereof, to repair
electric batteries and charge same; and to
| do general automobile repairing business
to handle any and all automobiles or motor
boat accessories, in fact TO do any and all
\ 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 (S5,'
| OOoO0, divided into fifty shares of the pal
value of one hundred dollars per share
Twelve hundred dollars of the capital stock
Of this corporation shall be issued in lieu
Of all the tools, equipment and stock in trade
| OF Clark Hines, now situated in premises
0l North Carrollton avenue, this city, a:
per an inventory of said stock which was
exhibited to the said incorporators and &C:
eepted at that valuation.
Said stock shall be represented by certi
| hcates of stock to be issued at such time
and for such amount, at the price and upon
the terms and conditions as the board Of
directors shall see fit and proper, and shall
be paid for in cash or its equivalent ir
| property, as the Board of irectors shall de.
eide. All shares shall be full paid and non.
| assessable. No stakeholder shall have the
| right to sell or otherwise dispose of his stock
IN this corporation, without first offering
same to this corporation, and to the indi,
Vidual members of this corporation, at the
book value thereof, and this corporation is
authorized to purchase said stock at said
book value for the benefit of the other stock
holders Of the corporation. Should the cor.
poration decline to purchase said stock the
| 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 (Ss) shares Of