The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-09
CHARTER
Of
". K. NNiHDOA ".riN, W.
UNITED STATES OF ANEkICA.
STATE OF Lpt1S!AN
PARISH OF ST NARY

MAY. 1917. before me. Paul Kramer -
Notary Public. duly quat'hrd wi''n
and for the Parish of II Nary. sale ~
Louisiana. an,i in 'tr p.tss'n,c ~ tue
witnesses hrreinaftrr na t",! ana under
signed, pure"nali cam" and airthTt".
the Sc, eral persons whose 1atnes are
herpuuto snh>cth.d. All "t The ace OF
ma ,rtt,. Aho declared i"tt. avaii'n
tn, mselves + the provisions of the avs
of this State relative To the oig ihz :
ton If corporations. they hereby term
themselves INTO and Constitute "A c"'pn-
ration for the obj Ct Int purposes. ami
under the stipulations her 'natter set
forth.
ARTICLE
The name and title of the corporation
statI be ". X. >NAkDON 20 PAN1,
INC. and und. its corporation nrme II
shall have and t. joy succession and ex-
istence Tor il r-rl,n! Of N,netv-niuc l99j
Years IRON thu date h .reof: AMI shalt
ais" have. erj y aud possess ali me
powers, rights. pr, ilegcs and In'"nn'-
of TINS state.
ARTICLE II.
The dO,nicile OF this Corporation shall
he in the Town of Franklin. II. Maly
Parish. Louisiana, ana AL citations or
other legal process shall. be served upon
IT,. President of the c'rporaii"n. or. III
his absence, upon tbs. Vice President.
ARTICLE III
The objects and purposes for VII oh
this CORPORATION is organized, and the
nature IF the business to he carried on
by it. are hereby declared and specified;
to he: To act as The selling agents or
representatives of the manufacturers IT
au, ONO biles, autom bile parts. t,ucks,
| tractors, power-drIveu vehicles OF all
! kinds. tires. accessories and specl aitles
! of all kinds: to buy and sell autUmo.
! hileS, automobile parts aiiu accessurtt,
| # all kinds. Trucks. tractors, power
driven vehicles of all kiuds. or parts OF
same tires. oils, grease ami gasoline;
aud to acquire, own and operHe a ia
rage at F'iauklin. La, operating SER
wee station aud doing general and
special repair work upon ana for Alto-
mobiles: 10 own, let. lease aud hire an-
tolnobiies and to operate livery ser
! vice. to establish branch agencies ur
garages wher. yer it may desire, and
with full power to buy, hold, sell aud
exchange all classes of goods, wares,
M rchaudise aud personal property AS
It may desire to bundle; au't. IN the in
terrst OF such business, to NJ Axe such
advances as are required; aud it shall
also have the power to buy, soil, hold,
lease, mortgage. ALLEVIATE and deal in
real estate of all sorts aud to erect
buildings thereon. lease let and rent
SANE; to acquire and hold, sell, eucum-
Der or dispose of stock aud bonds OF
other companies to such eAtent permit-
ted hy law; to exchange its entire capi-
tai stock, or any part thereof, for prop
erty which it is authorized to acquire,
or to exchange it's entire assets and
business, or any part thereof. for prop
erty, stocks, bonds or other obligations
of other companies; aud y ehall have
the power to receive security by way Ut
mortgage and pledge, Or IN any other
manner. aud TO borrow money and to
issue notes and secure sane by mort
gage, pledge or otherwise; and general
" t. do all things necessary aud prop
eriy connected with or incidental OF
convenient " any OF said obligations
aud purposes.
ARTICLE w.
(a) The capital stock Of this corporation
is iler-bl fixed at seven Thousand Five
Hundred Isl, 10000, Dollars, to be di
v.de,i into aud represented by Seventy
rive (75) shares OF the par value o. Ont
Hundred (&lOO. COY Dollars each, whict
shal be paid for in CAST, or may BE- is
sued for property actually received b!
the corporation, or for services reuder
ed. This capital stock may be Increased
to the sum of Fifteen Thousand (8l5,
V0O. O0I Dollars.
lb) No stockhoider shall have thu
right to assign or transfer any share .
shares held By him unless he shall hav
irst offered same in writing to tn
bvard Of Directors. which shall hav
the right to purchase same within Tel
(lUj days. thereafter At the valuation
= determined b, To. Board; and 10. Case 0
1 dissatisfaction as to the piIce the mat
q ter shall be u, bltrateu, one arbltratO
q with the powers Of amiCabie compound
ers tn be- appointed 10y each side, al
AL umpire to be selected by those two
who shall take oath and whose decisio
e shall be dual. And all shares OF stoc
when So purchased may be se.ssuet /
!. not less than par,
d (c) This corporation shal. be opecativ
}. and go luto business and BECOME &C
e ing concern when Seven Thousand FIv
\ Hundred tS7 $40 O) Dollars Of its Cap
y, Ia. stock shall have been subscribed 40
:, paid for.
d ARTICLE Y.
IL All powers OF this corporation saa
ID be vested in aud exercised by Board
IT Three III Directors. No person sna
/. be eligio!e as a Director uness ho owl
1 in his own name uu- share, full pa
Ut the Capital stock, The Bourd sna
elect frOu tleir number Pre,lden
t,cePresident aud Secretary. Treasure
and shall tx tho salaries uf nil osiCcl