The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-10-27


Be Il known, That on this 10th day OF
Octcher. 1917. before me, Charles l.. Wise
Q Notary Public, duly qualified within
and for tho Parish Of st. Mary. State OF
Louisiana, and IN the presence OF the "it-
nossos herein1fte named ana under signed,
fersona;iy came and appeared, the sew
oral persons whose names are hereunto
subscribed, all OF the age OF majority
Who declared that, avalling themselves OF
the provisions Of the laws Of this State
relative to the organization Of corpora :
lions, they hereby form themselves into
and constitute . corporation for the %.
iocts and purposes, and under the -tlpula-
lions hereinafter set forth.
ARTICLE I.
Tho name and title of the corporation
sheIl he the LOUISIANA MOTOR COM
PANY, INCORPORATED, and under its
corporation name 1t shall have and ENJOY
succession and existen nee for period Of
Ninety mine (o3) years from the date here
Of: and shall have, enjoy and possess a. |
the powers. rights, privileges and lmmu'
mites accorded to corporations under laws
Of this State.
ARTICLE II.
Tho domicile OF this corporation shall be
In the town Of Morgan City, st. Mary Par
tsh. Louisiana, aud all citations or other
legal process shall be served upon the
President OF the corporation. or IN h Is alb
senoe, upoa the Vice. President.
ARTICLE III.
Tho objects and purposes for which this
corporation 10 organised ana the nature
Of tke business 10 Do carried on by it, are
hereby declared and specified to be: 10
Get @ The selling agents or representatives
OF the manufacturers OF automobiles, auto
mobile parts. trucks, tractors, power drlv-
Ga vehicles Of ell kinds, tires, accessories
and opecialties Of all kinds: to buy and
cell automobiles. automobile parts. and
accessories of all kinds, trucks. tractors,
and power.driyen vehicles OF all kinds. Or
parts Of same, tires. oils, grease and gas
olino, and to acquire, own and operate
garage ct Morgan City. La. operating
service station, and doing general and
epocisl repair work upon aud Tor autOmu-
bilos. 70 own, to let. lease and hire auto
mobiles and to operate livery service; 10
establish branch agencies Or garages
wherever It may desire. and with full
power 70 buy, hold. sell and exchange all
classes OF goods, wares, merchandise and
personal property a. 1t may desire to ham
dles and, In The interest of such business,
20 make such advances As are required:
and e shall also have the power to buy,
cell, hold, lease, mortgage, alienste and
deal In real estate Of all sorts aud 10 erect
buildings thereon, lease, let and rent
came; and to acquire and hold. sell. en-
cumbee or dispose of stocks and bonds Of
other companies to such extent permitted
BY law; to exchange lis entire capital
stock or any part thereof. for property
which Is % authorised TO acquire, or to
exchange it, entire assets and business,
or any part thereof, for property, stocks,
bonds or other obligations OF other com
pentes; and Il shall have the power to re-
ceive security BY way u mortgage and
pledge, Or 10 sny other manner, and to
borrow money aud to issue notes anu Sc.
cure same BY mortgage, pledge or other.
wise; and generally to do all things neces.
eary and properly connected with or
tnc3doAtal 10 or convenient to any OF said
oongattops aud purposes.
ARTICLE ".
(a) The capital stock Of this corpora
ZION 10 hereby fixed 1t six housand 1885,.
o0oy0O) Dollars, to be DIVIDED into and
represented by Sixty 1907 shares of the
par value OF One Hundred tSl00.OO) DOL
Iars each, which shall be paid for In cash.
q may b issued for property actually
rendered. This capital stock may be in.
creased to Ten thousand l$10.UO.O0) Dol.
o0ss.
CD No stock holder shall have the right
- assiIn or transfer any share or shares
held BY him unless he shall have offered
zane In Writink to the Board OF Directors,
which shall havs the right to purchase
ZANE within Ten tlO) days thereinafter at
the valuations determined by the Board
md Ia ease of dissatisfaction as to the
peloo the matter shall be arbitrated. one
arbitrator with the powers Of amlcable
ooopounders to be appointed by each side
o10 On umpire to % selected by those two,
Vho shall take oath and whose decision
Slall b dual. And oil shares OF stock
when % purchased may be reissued 1t not
jees than par value.
(el This corporation shall be operative
and 80 into business and become y going
lone0ru when Six Thousand $4,000. 0O)
OoIlars OF its capital stock shall have been
sobsoribed and paid for.
ARTICLE
All powers OF this corporation shall be
vostod Ia and exercised by . Board of
e1vee ~ Directors. No person shall be
eligible % . Director unless he owns in
bic own name One ~ share full paid. Of
Ne capital stock. The Board shall elect
erom their number . President, Vice
President and Secretary Treasurer, and |
Dhall dx the salaries Of oil officers. agents
md employees. The Board of Directors |
peall BE- elected annually, on the first
eoedsy In January Of each year. the nrst
D)ocsion 70 b held 10 the year OF 1918. All
DeeA elections STALL be- BY ballot at tho |
Me- Of The corporation. Notice Of an.
zeal 0eottpge, % we'll % Of special meet |
M Of stock holders shall be given BY /
Rf)t4on uettoe mailed hSteen tl6) days Ia
ldvaoee Of the date % such meetings. to
49, stookholder appearing - such on tho
hooke q TIE & mpsny, It bic last desie.
Aated addssss, Or At the general delivery
= Morgan CITY. La. II be has not desiH-
1Aeed @ address. Each shareholder shall
- entitled 70 one vote for each share OF
Deock standing in bis name on the books
q The COMPANY. said vote to be cast In
person " by proxy, and . majority Of |,
!oees shall elect. The Board OF Directors
hall Asve the power to dN all vacancies
We4ch nay oecuf. Or in any manner arise,
Q b created On the Board of Directors.
lven though no quorum remain Ut the
l0o such vacancies are to DO filed. Fail
~ . elect Directors on the date shove
peoleod shall rot dissolve the corpora
AsnA = A. L. l