The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-06-02
CHAh.El.
OF
u. K. SNlRDAN COMPANY, Inc.
UNITED STATES OF AMERICA,
STATE OF LOUISIANA.
PARISH OF 81 NARY J

! Ntlttt IHbtiC. uiiN tlH"I'iiCfl vi L.
and for the Parish o! st Mary. State {
Louisiana. an in tie presence OF III
witnesses hereinafter name! and under
| signed. personally came ana appeared
| he several persons whose names ar
| hereun1O subscribed, ali of the aye q
Majority. vino declared that, availin
| themselves of the provisions of the law
| of this State relative to the organic
ton of corporations, they hereby forr
! themselves into and constitute il Corpo
| ration for the objects aud purposes, an
| under the stipulations hereinafter sc
forth
ARTICLE l.
The name and title Of the corporation
sl!alI be W. X. SMAkDON COMPANY
INC. and under its corporation name i
shall have and enjoy succession and ex
i>tence for Il period of Ninety nine (99
years iron, tia date hereof: and shaI
also have. EN- ~ and possess all The
powers, rights, privileges and immuni
ties ac"orie! to corporations under law
Of this State.
ARTICLE II.
The domicile of thu. corporation shall
be in the Town of Franklin, st. Mary
Parish. ,1pU slana. and all citations OF
other legal process snail be served upon
H. President OF Inc corporation, or, in
ais absence. upon the Vice-President.
ARTICLE Ill.
The objects and purposes for which
thls corporation IS organized, and tn
nature OF the business to be carried on
y it, are hereby declared and speciti ed
Fl No.. IN, -,lI
representatives OF the manufacturers Of
~ omoolIes. automobile parts, trucks,
tractors, power-driven vehicles Of all
tl,ds. tires. accessories and SpccialtieS
of ali Kinds: to buy and sell automO-
hiies. automobile parts and accessories
If all kinds. trucks, tractors, power
driven vehicles of all kinds, or parLs of
same, tires, oils, grease and gasoline;
and 10 acquire, own and operate ga
rage at franklin, La, operating SER
vice station and doing general aud
special repair work upon and for auto
mobiles: to own, let, lease aud hire au-
and to operate livery SER
wee, to establish branch agencies or
garages wherever ii may desire, and
with full power to buy, hold, sell and
exchange all classes of goods, wares.
and personal property AS
It may desire to handle; aud, in the in
iertst OF such business, to make such
advances as are required; aud il shalt
also have the power to buy, sell, hold,
ease, mortgage, ALLEVIATE aud deal in
real estate of all sorts aud to erect
buildings thereon, lease, let and rent
same; to acquire and hold, sell, encum-
GER or dispose of stock and bonds of
,thcr companies to such extent PERM it.
led by law; to exchange its entire capt. !
,al stock, or any part thereof, for prop
erty which it is authorized to acquire,
1r to exchange lite entire assets and
or any part thereof. for prop
,rty, stocks. bonds or other obligations
If other companies; ana it shall have
he power to receive security by way Of
mortgage and pledge, or in any other |
uanner. and TO borrow money and to
ssue notes and secure sane by mort
age. pledge or otherwise; and general.
y to do all things necessary aud prop |
rly connected with or incidental or
to any OF said obligations !
md purposes.
ARTICLE w,
(al The capital stock OF this corporation |
8 hereby fixed at Seven thousand Five
hundred Isl, 800 COY Dollars, to be d.
'ided into and represented by Seventy
we (Io] shares of the par value of One
hundred (SlW.OO) Dollars each, which
hall be paid for in cash, or may be- is
ued FOR property actually received by
he corporation, or tor services render
q. This capital stock may be Increased
the sum Of Fifteen Thousand 1916.
On. 0o Dollars.
to- No stakeholder shall have the
lght TO assign or transfer any sD are or
hares held Oy bun unless he SHALL have
rsf offered same in writing To the
GARD OF Directors. which shall have
re right to purchase same within Ten
~ Gays, thereafter AT the valuation
etermined by the Board; and in Case of
as to the ptlce the mat
n shall be a'bnIatcd, Que arbitrator
It'll the powers Of ainlcatie compound.
IS to be appointed by each side, aud
umpire to be selected by thvse two,
no snail take oath AID whose decision
laIl be final. Aud AL shares of stock
hen so purchased may be reissued IT
,; iess than par
tcl lAis corporation shall be operative
III 90 into business and BECOME a 20.
K concern when Seven Thousand Five
undred (S7, oN.0O) Dollars of its CAPT.
/. stock Shall have been subscribed and .
nd for.
ARTICLE V.
All powers OF this corporation shall
vested ia aut exercised nv a R,,..,o ri ,
hree III Directors. No pu,son snail
: ei!giUIe d. Il Director uuess he own.l
his own name one j share, tuli pud,
t.'e Capital STOCK. The Board si.aL
ect from their uumher u E:viueui.
ict-ftesi'ient ana Secretary i,exsu;tc.
III aiiai! tx tie salaries Of al officers |
senis, enploy.es Ike Bohfa oil
shall be eiects,i ANNUALLY, o.,
e first Monday iD JANUARY OF -acl
AT, the first election to be neId in 1918