The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-07-07

Notary iIDilc. tHtN 'tii-tici "i'i-iii
and for the Parish .! 1t Mary. State M
Lou sisna, and in tie presence # -
witnesses hereinafter ngm-d ~" Tade
! signed. personally Ctmt ana appcdrc'i
| the several persons Who's b ines ArN
| hereunto subscribed, Al Of he agr ~
ma iority who declared that aval!lug
| themselves Of the prov !sian. of The tHw'
of this State relative to the arganil y
ton of cnrpOratIonS. they hereby ian'
themselves into aud constitute Il cop H.
ration for the objects and PURPOSES. ~ I
und the sLlpu.atirns hereinafter 80
forth.
| Article /.
| The name and title IF the corporation
| shall be W X >NAkDON COMPANY.
INC. and under It's COOPERATION y H. a.
shall have aad q Joy sI"ct 3IOl 'nd ,I-
istence for rerloi of N,ne'n-nin, to3j
Years from the date hereof: and sh ~
also have enjoy and possess all 'he
powers, rights. priv llegrs ane. imnnun :
ties accorded to corporatio rs ur.der law =
of this state.
ARTICLE III.
The dOIGicile Of this corporation sha'l
he ia the Town of Flank in st MaiV
Parish. Louisiana, and all citations
other legal process shall be serve up"n
tie President Of the cnra"ratjrn, r n
i absence, upon lie Vice p.eoideut.
ARTICLE III
The objects and purposes :or which
This corporation is organized and the
nature Of the business TO he carried ~
~ 1t. ale hereby declared aud spccIti
10 be: To act as he selling agents or
rapres eDtatives Of the msnufac'rc"rs
,ut0mObiies. anLOn"hile parts, trucks,
, tractors, pOwer-driven vehicles of all
nds. tir,s, acoesscr IS aud speci alties
If ali kinds; TO buy and sell antom
lilies. automobile parts and accessories
ali kinds, trucks, tractors. power
d.iven vehicles Of all kinds, or parts #
same tires, oils, grease and gasoline,
and 20 require own md onera;e "a.
rage ut tiank,,n, La operatlng a ser
vice station and doing general ana
specia repair work upol ami for auto
mobiles; to own, let, Lease and hire ait
tomODies and to operate livery ser
vice, to establish branch agencies or
garages wherever it may desire. anH
with full power to buy, hold. sell and
exchange all classes of goods, ware
merchandise aud personal property as
II may desire to handle; aud, Ia the III
lrrrst of such business, to make such
advances as are required; and it shai
4 iso have the power t" buy. sell, hold
h.ast, mortgage, ALLEVIATE and deal in
red; estate Of all sorts aud to erect
buildings thereon, lease, lei aud IeDi
same: 10 acquire and hold, sell. encnm
Der or dispose of stock and bonds of
other companies to such extent pc! NIT.
ter! by law; 10 exchange its entire CAPT
til stock. Or any part thereof for prop
erty which Vt IS authorized to acquire.
or to exchange its entire assets and
business " any part thereof, Tor pop
city. stock, bonds cr other obligations
o. other companies: and il Shall have
the power to receive security Dy wa OF
n ortglge ant. pledge, OF II any otuel
manner, a ! t. hoIr.N none, ana to
is,ue notes and secure same by mort
gage. pledge or otherwise; and general
y to 90 all things necessary aud prop
ell, conuec: ed v it'll or Inc idental OF
convenient to an! of said obligations
anu purposes.
ARTICLE
t"I VIC A0Pi''' SWIM - IbIo ~ pbl l..'f'
is hcI-.. fixed at seven thousand five
Hundred tS1 Ju0.uVJ Uo.iars, 10 be d.
vide into and represented by seventy
i've l75, shares OF the par vaine of One
Hundred l$lOO.O0) Doilals each which
shall be p,iG for III cdsu, CT may be Is
sued for propert' actually received b,
the corporation. or fer services fende--
ed. This capitai stock may be increased
to The sun OF Fifteen thousand 49,
600 0GI Dollars.
tb) M sfockholder shall have til,
right to assign or transfer amy sh are or
shares held b! him un,ess !le shall hnvr
Airs! Offered same in writing ~ TIE
Boar! OF Directors. which shall have
the right to purchase same within Ten
tl0) days, thereafter ar he valuation
determined BY the Board; and in c.se OF
dissatisfaction as 10 the price the mat
ter shall be arbirrated, one arbitrato,
with the po~"ts Of amicable compound
ers to be appointed by each side, and
an umpire 10 be Selected by those two.
who shall take'oath ard whose decision
shall be dnal. And all shares OF stock
when 50 purchased may be reissued ut
not less than par,
tcl ms corporation snail DO operative
aud co into business aud become 20.
ing concern wnen Seven Thousand Five
lundred s7.6oO.G0| Dollars If it, CAPT
IA. STOCK shall have been subscribed aud !
paid for.
ARTICLE v.
All powers Of this corporation shal
b. vested ia aud exerciseu by Board OF
Three III Directors. No person SHAH
BE- eligible as Director un less be own
III his own uame one share. full pati. !
Of the capital STOCK. The Board sh. /
=, C, FROM their hummer a PresIaeA.,
Y cc-prts'tient and Secretary tt easu,er. |
aud shall hx tn" salaries Of all officers |
gents, employees. The Board Ut
Director. shall be elected Annually. OF
the frs, ,.oudas in Jauuar, OF each
wear, the fire., ~ elton to be held ia 1918 |