St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1917-05-12
CHARTERS


ana, for the year 1914, they have
covenanted and agreed, and by these
presents do covenant and agree. and
bind themselves as we'll as such other
persons as may hereafter become as
ISOLATED with them. or their success
sors, to form and constitute a body
polite in law. for the purposes and
objects, and under the stipulations
and agreements, hereinafter set
forth, which they hereby adopt as
their charter, tO-wit:
ARTICLE I.
The name and title of this cor
poration is hereby declared to be
Auto Trailercar-C Company,
Incorporated,
and it's domici.e 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 a 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
Tissue bonds as the law permits, as
we'll as notes and other obligations;
to name and appoint such officers,
directors, managers, agents and en-
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
err, 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 it's 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 Seate of LOulsi
ana.
ARTICLE II. n
All citations, or other legal pro-
l,cesses shall be served on the presi-
dent, or in his absence, on the vice.
president, or in his absence, on the
| ~ 10
ton, at its domicile, in accordance
with the statutes of the State OF LOU
isiana, relative to making service on
| corporations.
/ ARTICLE III.
The objects and purposes for which
| this corporation is organized and es-
tablished, and the nature of the
| business to be carried on by it, are
declared to be: To buy, sell, lease,
store, repair, rent, alter, manufac-
ture and deal in Trailercars, trailers,
automobiles, motor vehicles and
other types Of vehicles, of all de-
scriptions, and their parts, supplies
and accessories; and to- manufac4
ture, sell and deal in bodies, tops and
all other parts, supplies and acces-
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 immoyable, to hold, lease,
receive, purchase, sell, convey, ellen
ate, borrow, pledge, mortgage and
| hypothecate, as may be necessary to
| the prosecution of it's business. II
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
needfulN in the conduct thereof, as
are necessary, either in the State OF
Louisiana, or elsewhere, and to have
all the rights, privileges and immun-
tiles now granted by law to corpora
| ticns.~ and such additional rights
privileges and immunities as may
hereafter be granted by law to cor
porations. And, for the purpose OF
attaining or furthering any of its OBJ.
jects, to do any and all other acts
all other powers which a copartner.
ship or natural person could do and
exercise, and which now or hereafter
may be authorized by law.
ARTICLE ".
The capital stock of this corpora.
ton is hereby fixed at Five Thousand
($5OOO) Dollars, divided into and
represented by fifty (5O) shares Of
stock, of the par value of One Hun.
bred ($10O Dollars each, which
shall be paid for in cash when sub
scribed for, or in such manner al
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 O1
Five Thousand Dollars
All of said stock shall be Common
4 Stock.
i The capital stock of this corpora
ton may be increased to an amour
not exceeding Twenty Thousand
($2O,O00) Dollars by a vote of two
thirds (2-3) of all Of its stock pres
ent or represented at any meeting
called for that purpose. Should tn
stock be increased, the stakeholder
at that time shall have the right t.
take shares in the increased capita
proport :oned to the number O
shares then owned by them respec
lively.
Shares of stock can only be trans
! Porrod hv haviuo tho tranSfor 70