The St. Mary banner., 1917-06-30
CHARTER
OF
". K. NNAkpON COMPANY, Inc.
UNITED STATES OF AMERICA.
STAT Il OF LOUl>IANA.
pARI>H nE Sr MARY \

| ANpthly uDliS, ''u 4h'''A'it'l y ' -
and for the Parish Of st Mary, Stat" %
Louisiana, and in TIE presence Of T.
witnesses hereinaft"i named aud uniel
signed, personally cane and appc";r!
the several persons whose names r.
| hereunto subscribed. Al Of the age %
majority. who declared that, avaihn.
| -, msclves Of the provisions of the 'aw
| of this State relative t. the ol Z ~
ton of corporations, they hereby t -
| mselves into and constitute c" ''o
| ration for the objrcts and purposes AZ.
| under the stpulations hereinafte, ,e
forth.
ARTICLE
The name and title Of the c, r.,ora'. y,
shall be w E SMtRCO% CO:'PAHG
INC. and under its corporation u.r!r ii
shall have and enj I. su""essitn an *
istence for perio of Ninety nil, t99
years from the date hereof: al, shat
also have. enjoy and poss s IN,
powers, rights, privileges and imnHnl-
irs accorieu to corporations Il der W.
Of this State.
ARTICLE II.
The domicile Of this corporation ; all
be in the Town of Franklin, st. lazy
Parish, Louisiana, aud all clt4 5iynS al
ether legal process sual. oe served u.',n
tie President of the corporation, t' in
his absence. upon the Vice. I tesiden',
ARTICLE III
The objects and purposes for vi ch
this corporation is organized, and the
nature Of the business to be carried ID
by it, are hereby declared and spec ir.i
10 be: To act as the seiliLs agents o'
representatives, Of the manufacturers /
autOmo oies, auionl,bA parts, true.
traClolo, power.uflven vehicls, uf
kinds. tires. accessories and specia ID
Of all kinds: 70 buy and sell .utum :
blleS nu,umoDllo parts and aCcessor, .
# all kinds, trucks, trao. ors, pow e.
driven vehicles Of ali kinds, or paI. u
same. tires. oils, grease aud gasoi,s.e;
aud TO acquire, own and oper- G -
rage at Flauklin. la, opotaiinr n e.
vice station aud doing ial An
speciai repai' work upou ana for auto
mobiles; to own, let, lease aud hire an
tomobiles and to operate livrry So
vice, to establish branch agencies .,r
garages wherever it may desire, prrl
with full power to buy, hold, sell aid
exchange all classes Of goods, ware
merchandise and personal property q,
It may desire to handle; aud. il the IN
terest Of such business, to make sucn
advances AS are required; aud it sh,l
also have the power 70 buy, sell, holi
lease, mortgage, ALLEVIATE and deal IL
reul estate of all sorts aud tu erect
buildings thereon, lease, let and rem
same; 10 acquire and hold, sell, encum
ber 81 ,.i>pose Of stock and bonds Of
other companies to such eat ut permit
ted by law; to exchange its entire c.p
tai stock, OF any part thereof, t'r pruis
erty which il is authorized to acqultr
or to exchange its entire assets az /
business, or an, part thereof, fer nrop
erty. stocks, bonds or other ohllgat,nr,
OF ether companlss; and it shall nav
the power TO receive security by way !
mortgage and pledge, or in ars ct,
manner. aud IT, borrow money and n,
ssue notes and secure sane ty nvr
gage, y edge or otherwise; and genera
ly to do al things necessary ard pro,,
crly connected with or inciden'-.l o.
convenient to any Of said obligatruu,
and purposes.
ARTICLE Nv.
"a The capital stock of this corpo, e4
is hereby fixed at Seven Thousand five
Hundred (S7 500. .0O Dollars, to ne d
vided into and represented by Sevent,
five (75) shares Of the par value of Out
Hundred (SlO0. 0.00) Dollars each which
shall be paid for in cash, or may be- $
sued for property actually receive, b,
the corporation, or for services rende,-
ed, This capital stock may be lncr aaseu
to The sum Of Fifteen Thousand (Sl5.-
0Oo. .GOl Dollars.
right to assign or transfer any share OF
shares he 4 by him unless he sauil have
tirsf offered same in Writing GO the
Board of Directors which shaii have
the right To purchase same within Teu
lOl days, thereafter 1T the vaiusti,p
by th- Board; and in case OF
as to the price the mat.
Yer shall be arbitrated, one arbil,atu.
With the powers of amiCab!e cOmpouut-
ers t. BE- appointed by each side, and
~ umpire to be- selected by those TWO |
Who shall take oath aud whose decision /
'hall be dnal. And Oil shares Of stock
= oVu ~ tulSh0oVO uA0S UC lSleSutu uL
lot less than par,
tcl This corporation shall DO operative !
md go into business and become a go-
ng couesrn when seven Thousand Five
hundred 81, $4,000 Dollars Of it's CAPT.
al stock shall have been subscribed Aod |,
'aid Tor.
ART1CLEv.
All ncW Werg Of this cx,rn0ra HIM Sh n |
|e vested IL aud exercised by Board ~ |
hret Isl Directors. No person shyis !
'e eligible as Director unless he ow
! bis own nam. "n' share tui. - d, /
4 the capital stock. The Board ,u,a /
! ct from their number P.esl e,,,
lce- President and Secretary.
md shat fix tbs salaries of ali Offices
gents, employees. The Board If
,ire, Tor, snail be elected annually o..
liz first Monday in IanuAry M ,..b