The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-11-03
CHARTER
.. OF THE
LOUISIANA 1871. C3..Iiii,
INCORPORATED.
UNITED STATES or AMERICA.
STATE OF LOUISE A.
PARISH OF ST MARY. -

LOulSla0H, anu III tut presence VI 'hS =" =,
nesses hereinafter named and under signed
Personally came and appeared, the >et
oral persons whose names are hereunto
subscribed, all Of the age Of majority
who declared that. a.alling themselves 81
the provisions OF the laws Of this state
relative to the organization Of corpora
tions, they hereby form themselves into
and constitute q corporation. Tor the oD-
1ects and purposes, and under the >tlpula-
lions hereinafter set forth.
ARTICLE l.
The name and title OF the corporation
shall be the LOUISIANA MOTOR on
PANY. INCORPORATED, and under i,
corporation name it shall have and enjoy
succession and existence for a period of
Ninety mine t99) years from the date here
of; and shall have, enjoy and possess
the powers. rights, privileges ana imtnti-
mites accorded to corporations under law,
OF this State.
ARTICLE II.
The domicie OF this corporation shall be
in the town OF Morgan City. st. Mary Par
ish, Louisiana. and all citations or other
legal process shall be served upon the
President of the corporation, or In lis alb.
sence. upOn the Vice. President.
ARTICLE LII
The objects and purposes for which this
corporation is organized and the nature
of the business 10 be carried on by it. are
hereby declared and specified to be: 10
act as the selling agents W Representatives
of the manufacturer. OF automobiles, auto.
mobile parts. trucks, tractors, power drE.
en- vehicles OF all kinds, tires, accessOrlcs
and specialtes of all kinds: to buy and
sell automobiles. automobile parts, aud
accessories Of all kinds, trucks. tractors.
and power driven vehicles Of all kinds. or
n II
cline, and to acquire, own and operate Il
garage at Morgan City. La. operating a
service station, and doing general and
special repair work upon and Tor automO-
biles. to own. to let. lease and hire auto
mobiles and to operate livery service; o
establish branch agencies Or garages
'herever it msy desire. and with full
power to buy, hold. sell and exchange all
classes of goods, wares, merchandise anu
personal property as it may de-ire to han
die; and. in The interest of such business.
to make such advances AS are required;
and it shall also have the power TO buy.
sell, hold. lease. mortgage, ailenate and
deal in real estate OF an sorts and TO erect
buildings thereon, lease, let and rent
same; and TO acquire and hold. sell. en-
cumber or dispose of stocks and bonds Of
other companies to such extent permitted
by law; to exchange its entire capital
which it Is authorized to acquire, Or To
exchange its entire assets ana business.
or any part thereof for property, stocks.
bonds or other obligations of other com
panies: and It shall have the pow-r 10 re-
celve security by way OF mortgage aud
pledge, or In any other manner, and to
borrow money and to issue notes am Sc
cure same by mortgage; pledge or other
wise; and generally 10 do all things neces-
incidental to or convenient to any of said
obligations and purposes.
ARTICLE ~.
(a) The capital stock OF this corpora
ton Is hereby fixed ut Six ! thousand 49,
10000 Dollars, to be DIVIDED into aud
represented by Sixty (60) shares Of The
par value of One Hundred tSl0OOD) Dol
lars each, which shall be paid for in cash,
or may b. issued for property actually
received by the corporation or for service,
rendered. This capital stock may Be in
creased to Ten Thousand tSl0,CoO.Oo) Dol.
lars.
tb) No stock holder shall have the right
to assign or transfer any share or shares
held by him unless ne shall have offered
same in writing to the Board Of Director.
which shall have the right to purchss sc
same within Ten tl0) days hereinafter at
the valuations determined by the Board
and in case OF dissatisfaction as to the
price the matter shall be arbitrated one
arbitrator with the powers Of amicable
to be appointed by each side
who shall take oath and whose decision
shall be hnai. And all shares of stock
when SO purchased may be reissued at not
less than par value.
(cl This corporation shall be operative
md 60 into business aud become i going
:oncern when six Thousand t$6 900. ,N)
Dollars Of It's capital stock shall have been
subscribed and paid for.
ARTICLE
All powers Of this cOrpo, alton shall, be |
rested in and exercised BY Board OF |
hree ~ Directors. No person shall be
Eligible as Director unless he owns IN |
us own name One u share full paid of |
he capital stock. The Board shall elect
rom their number President, Vice
President. and Secretary Treasurer, and
hall ok tho salaries OF all officers agents
Ind employees. The Board of Directors
hail DO elected annu .lly. on the first
Monday In JANUARY Of each year. The first
lcction to be helh III the year Of 1918. All
och elections shall be by ballot at the
'nice Of the corporation. Notice of an.
ngs OF stockholders shall be given by
written notice mailed fifteen Ua: days 81
dvauco Of the date OF such meetings 10
'ach stookholder appearing as such on the
)ooks OF tue C0mpans. Mt hts last hesiy.
lated address, or ut the general deliver,
{ Morgan CITY. La Ii b. has not de>lg
|ated IN address, Each shareholder shall
~ entitled to one vote for eacn sh ire OF
took sta ding IN his name on the books
Il the Company. sail Y tie 10 he cas-, IN
Isrson "r by povy snd q matouty II
otes shall elect. The .oA,h Of ,,r,ctHr>
hall have the power to Ill ali vacanci 8
Phich may occur. or IN any mann Use,
D 10 created % the Board VI directors
ven though ne quorum remain At thu
inc such vacancies are {, be flied. Fail
~ to elect directors or the date above
poctned shall not dissolve the cOpDra
on, but the Directors then in Office shan
emsfn IN o(ace until their >uccessors are
|ectel.
The Board Of Directors shalt have uow.r
make and eaistlish. rs well ss ate, ard