The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-16
CHARTER
". K. NNAEDON COMPANY, IN.
UNITED STATES OF AMERICA, J
STATE OF LOUISIANA.
paRJ-u AL' 81 NARY

ana Tor me thflSll bI ~ Mary. SlaIf oi
Louisiana, and ia TIE presence of iht
| w!tne sSes hereinafter named and under
signed, personally came and appeared.
the several persons whose names are
hereunto subscribed. all of the age OF
! majority. vino declared that. awaiting
| themselves of the provisions OF the laws
| of this State relative to tho 1rganizt l.
| ton of corporations. they hereby form
| themselves into and constitute cOTpO-
ration for the objects and purposes, aud
| under the stipulations hereinafter set
forth.
ARTICLE l.
The name and title Of the corporation
| shall be w. X SMAKDON COMPANY.
INC. and under its corporation name i,
shall have and enjoy succession and "x-
istence for neriOd of Ninety (99)
years from the date hereof; and sha It
also have. enjoy and possess all the
powers, rights, privileges and immune
ties accorded to corporations under laws
Of this State.
ARTICLE II.
The domicile Of this corporation shall
he in the T"wn Of Franklin, ST. Mary
Parish Louisiana, and all citations "r
tie President of the corporation, nr. in
ARTICLE III
The objects and purposes for VII CHI
this corporation is organized, and the
nature of the business to be carried ON
by it. are hereby declared and spec lied
to BE-: T" act AS the selling agents or
representatives of the manufacturers If
automobiles, automobile parts, trucks,
tractors. power.driven vehicles of ali
kinds. tires. accessories and. specialties
Of all kinds: to buy and sell automo-
bies, automobile parts and accessories
# all kinds, trucks, tractors, power
driven vehicles of all kinds or parts of
same. tires. oils, grease and gasoline;
aud TO acquire. own and operu "a.
rage at flanki,n, La, operating A SER
vice station and doing general and
specia repair work upon ami for auto
mobiles: to own, let. lease aud hire an-
,omooies and to operate livery SER
vice, 20 establish branch agencies or
garages wherever it may desire, and
with tnII power to buy, hold, sell and
exchange all classes of goods. wares.
merchandise and personal property rs
terest OF such business, to II Ike such
advances rs are required; aud it shall
also have the power to buy, sell. hold,
lease, mortgage, aienate aud deal in
real estat. Of all surts aud to erect
buildings thereon, len~e, let and rent
same; to acquire an. hold. sell. encum-
Der or dispose of ST. OK and bonds Of
other computes to such extent permi il
ted 10y law: to exchang" its entire cnpi-
TIL stock, or any part thereof. for prop
erty winch it is authorized to acquire,
or tn exchange its entire assets and
business. or any part thereof, for prop
erty, stocks, bonds or other obligations
Of "ther companies; and it shall nave
The power 10 receive security by Way Of
mOrtgA age and pledge, or in any other
manner. and 80 borrow money and to
issue notes aud secure same by mort
gage, y edge Or otherwise; and general
" I" d" all Things necessary aud prop
erly connected with or incidental or
convenient to any of said obligations
and purposes.
ARTICLE
la) The capital stock of this corporation
is hereb. fixed at seven Thousand FIVE
Hundred IS. $4,000 Dollars, To To d.
vided into and represented by Seventy
tive (75l shares Of the par value of One
Hundred ($lOO.UO} Dollars each, which
shall be paid for in cash, or na, b.. is.
sued for property actually received by
the corporation, or for services render.
ed. This capital stock may be increased
to the -um Of Fifteen Thousand 1915.
UO0. LOO Dollars.
to- No stakeholder shall have the
right to assign or transfer any share or
shares held by hun uniess he snail have
hrs' offered same in writing to the
Board VI Directors. which shall have
the right I" purchase same within len
tlUJ 0a, =, thereafter at the valuation
determined by the board; and in Use Ut
dissatisfaction rs to the piiCe the mat.
ter shall be aibl,rated, one arbitrator
with the powers OF amicable Compound.
ers to be appointed by each side, aud
an umpire 10 be selected by those two,
who shall take Oath ard wnoee decision
shall be hna. And all shares Of stock
when g. Purchased may be reissued ut
not less than par.
tcl This corporation shall b. operative
and 90 into business aud b.cume u .os
ing concern when seven Thousand Eve
Hundred (S7, 5p0. UOj Dollars Of its CAPT
IL. stock shall have been subscribed add
paid for.
ARTICLE v.
Ali powers OF this corporation sh all
b. vested IA and exercises b, board ut
:hree III Directors. No person shalt
ne e,igiule as a d. ectur un eas he own,
in his "~n ualut un- Il share. tu!. pad.
II the capital stock ine Board sial,
eject fru'a their humber u Prr>i ZEN.
N'ce-Pies'dent ani Secretary.r treasurer.
and snail Tx the salaries OF all officers
alru's, employees. The Board of
iil'.,'ors shall be elected annually, on
To" hrst Monday in .Jauuar, of ench
hL4A rsA IL M