The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1917-11-17

and for the Parish of st. Mary, state Of
Louisiana, and in the presence OF the Wit
nesses hereinafter named and undcl >lsned,
Personally cane and appeared, the seE-
ernl persons whose names are hereunt0
subscribed. all Of the age OF majority +,
who declared that. awaiting themselves OF
the provisions OF the laws OF this state
relative to the organization OF corpora.
tions, they hereby form themselves into
and constitute a corporation. FOR the OBJ
1ects and purposes, and undar the stlpula.
lions hereinafter set forth.
ARTICLE /.
The name and title OF the corporation
shall be the LOUISIANA MOTOR COM
PANY. INCORPORATED, and under il,
corporation name it shall have and enjoy
succession and existence for period Of
Ninety.nine 800 years from the date here
Of: and shall have, enjoy and posses, all
the powers, rights, privileges and imrnu-
mites accorded 10 corporations under laws
OF this State.
ARTICLE II.
The domicie OF this corporation shall be
IN the town OF Morgan City, st. Mary Par
isb, Louisiana, and all citations or other
legal process shall be served upon the
President OF the corporation, or IN his alb.
sence, upon the Vice. President.
ARTICLE Ill.
The objects and purposes for which this
corporation is organized and the nature
of the business TO be carried on by it. are
hereby declared aud specified to be: 10
act as the selling agents or representatives
OF the manufacturers OF automobiles, auto
mobile parts. trucks, tractors, power driv-
en- vehicles OF all kinds, tires, accessories
and specialties OF all kinds: to buy and
sell automobiles. automobile parts, and
accessories Of all kinds, trucks. tractors.
and power driven vehicles OF all kinds. or
parts of same, tires, oils, grease and gas
cline, and to acquire, own and operate
garage at Morgan City. La. operating, Il
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; 10
establish branch agencies or garages
'herevcr it may desire. and with full
power to buy, hold. sell and exchange all
classes Of goods, wares, merchandise and
personal property as it may desire 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, aiicnate and
deal in real estate of all 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
stock or any part thereof. for property
which it is authorized to acquire, 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 power 10 re-
ceive security by way OF mortgage ana
pledge, or in any other manner. ana to
borrow money and to issue notes ana sc.
cure same by mortgage, pledge on other |
wise; and generally to do all thing, nec,s-
sary and properly connected with or
incidental to or convenient to any Of said |
obligations and purposes.
ARTICLE ".
(a) The capital stock OF this corpora.
ton is hereby fixed at Six thousand 80.
OO0.OO) Dollars, to be divided into aui |
represented by sixty t60) shares of III
par value of One Hundred 300 o., Doi. |
lars each, which shall be paid for in cash |
or may BE- issued for property actuaity |
received by the corporation 0 for service
rendered. This capital stock my be in
creased to Ten Thousand tSl0.,UU 90 Dot
lars.
Obj No stakeholder shall have the right
to assign or transfer any share or shar..
held bY him unless ne shall have offered
same in writing to the Board Of director,
which shall hive the right to purrh,s
eame within Zen tlO) day thrrriu,ft-r al
tho valuations determined by the isoart:
and in case of di>sati~facti II as to lb,
arbitrator with the powers of amicab' /
to he appointed ny each id. |
and an umpire to be selected by ID .,un
rho shall take oath and who's, d..ci.i ~
shall be final. And all >hY..ps Of ,,ock
when so purchased may BE- reissucd at no,
less than par value.
tc) This corporation shall he Operative.
concern when ST.. Thousand III; nH,. ian |
Dollars of its cav,ltal stock shah have been
ap1 paid for.
ARTICLEV
All powers Of this corporate n shall h.
vested Ia and exercised by Board Of
three (5) Directors. No person shall h..
eligible as Director unless he owns u |
bis own name One ~ sha-" full paid of |
The capital stock. The Board shall eIec,
from their number President, Vice
President, and Secretary treasurer, and
and employees. The Board Of Directors
shall be elected annu lly. on the fir~,
Monday In January OF each year. III. tir.
election to be held il the year of 1878 Al 4
such elections shall be by ballo, at the
ofhce OF the corporation. Notice of an
nual meetings, as we'll as Of special meet.
ngs Of stocEholders shall be given b,
written notice mailed fifteen U5 days i, i
advance OF the date Of >uch maeting> L.
each stakeholder appearing as such on the
books OF the Company. at his last '->ig-
mated address, or ut the general deliver,
It Morgan City. Ia II h. ha, not de>ig
mated an address. Each share holder hal!
Do entitled to one vote Tor each Sh re-
Itock stardirg in bis name on The book,
Of the Company, saii v lie 10 be eat u
person ur by proxy. and matniity ut
Totes shall elect. The ii"aid Of 1r.cto, !
hall have the power 10 fill ali vacant
which may occur. or IN any mann,r aus
% be created on the Board nt i.ir-ct"r
wen. though no quorum remain at rs
lime such vacancies are be flied. Faii
Ire to elect Directors on the date above
pecined shall not dissolve the cn,ppr,
ion, but the Directors then in ffir" >nal
'emain in office until their SUCCESSORS are
'lected.
The Board Of Directors shall have powera