The herald. [volume] (New Orleans, La.) 1905-1953, 1917-03-08
CHAR TEP

OF MOTOR SECURITIES co, INC.
I 1ited States Of America, State 0: Louisi-
ana Parish Of Orleans, City OF New Or
Be i, known, tina; on this 9th day Of the
month OF February, A. ID. 1917. before me-
Edward i. Ellis, notary public, duly com
above named parish and state, personally
came ard appeared: the several persons
whose names are hereanto subscribed who
IN the presence OF the witnesses hereinafter
named and undersigned, each and all de-
elared: that, awaiting themselves q the
laws OF the state OF Louisiana, on the sub.
zee; OF the Incorporation Of corporations,
and especially OF Act 2o7 Of 1919. thew have.
and do by these presents organize and con,
stltute themselves, we'll as all other per-
sons who may hereafter become associated
witn them; into corporation and body
polite IN Law, to enjoy corporate existence
curing period of ninety-nine (o9D wears
after this date, unless sooner dissolved. and
under the following stipulations which they
neIeoy ADOPT as their articles OF incorpora-
non or charter, to-wit:
Article The name Of this corporation
SnaI! De Motor Securities Co, Inc, and its
d9micile Is hereby declared to be the city
CITATION OF other legal process shall be
on the secretary
Article 1.-The objects and purposes of
this corporation, and the nature OF the bust.
ness TO be carried on by il, are hereby de.
clared 10 be as follows:
To buy, sell and deal in and TO act as
2TokeFs io- the purchase and sale of all
knoS OF commercial paper, mortgages, notes,
STOCKS and bonds; TO rent, deal in, purchase
acquire, hold, own, sell or otherwise disoosa
OF, mortgage and hypothecate automobiles
| OF every description with full power 70 b1-.
row or loan money secured by mortgage or
otherwise.
| 10 enter into all contracts, agreements o-
engagenents or incur any obligations con.
nected with or appertaining to any OF said
OBJECTS; 20 establish branch Offices or agen-
cies at any place, or places, that the board
! OF directors may deem advisable and to carry
| on any part OF Its business and exercise
any part OF its powers outside the state OF
LOUISIANA, or IN foreign countries
Ana IN general 10 do anything necessary
incidental to and connected with said objects
by, Act aa of 1914.
Article III.-The capital stock OF this cor.
poration IS hereby fixed at the sum Of ten
thousand dollars 100000, divided Ilnt.
one hundred 600 shares Of common stock
OF a par value Of one hundred dollars $500
The capital stock of this corporation NAV
De increased 10 one hundred thousand dol.
.aTS tSlU,mO.0O to be divided into common
ana preferred with such powers or restric-
mons as the. stockholders may decide in
accordance with law.
The preferred stock shall be entitled onIv
70 annual! dividends al the rate Of SoL paw.
able seml-annuauy on the LIST OF tsnuarv
INITIATIVE " ~
In case of the dissolution Of this coroo-a.
ton, the preferred stock shall be liquidated
az par before the common stock, but shall
nave no further interest in the assets or
me pTohts OF the company
The preferred stock or any part thereof NAV
DC retired by the board Of directors at the
END OF any semi annual period, upon the pay
nent 10 the holder the par value only And
al payments due TO the date of PAYMENT.
No stakeholder OF this corporation shall
sell, or offer 70 sell, any stock OF this cor
Poration owned by him until he shall have
hrst orered the same TO each of the othe-
stockholders thereof. for a period OF thirty
80 days az the book value of said stock
ms o1er shall be made in writing 70 the
board OF directors Of this corporation, who
snail, Tor the purpose be considered the
agent Tor the remaining stockholders. who
shaIl have the right to purchase same az
SAID book value, in proportion to the stock
.ArtiSie IV.-AH of the corporate noxers
OF tins corporation shall be vested in and
exercised by a board of directors composed
OF not less than three 90 nor mere than
nine ~ directors, to be elected at a meet
ing of the stockholders held for that mas.
pose, at the dornicile of the COMPANY. on N.
second wednesday in January, 1913 and
annually thereafter; notice of which meeting
shall be given to each stakeholder at least
hfteen Q9 days prior to each meeting
either personally, or by depositing same n