The St. Mary banner., 1917-11-24

Louisiana, and In the presence OF the W.T..
ueeses herein ,fter smed and n.ieisigned,
l'ersousliy came and appeared. the sew
srsi persons whose names are herfun1o
subscrtbed. all OF the age OF majority.
Who declared thst, a,ailing themselves OF
fhe proyisfons Of the laws OF this State
relative to the organization OF corpora
tioas. they hereby form themselves into
and constitute Q corporation for the Oo'
ieoSs and purposes. and updar the stlpula'
llons hereinafter set forth.
ARTICLE l.
Tho name and title Of the corporation
sAelI be tbs LOUISIANA MOTOR COM
PANY. INCORPORATED. aud uader rs
oorpofstion aams It shall have Snd ENJOY
succession and existence for period OF
Niuety-niue s.) years from the date here.
oe: aud shsll have, enjoy and possess all
the towers, rights, privileges and immu'
mites accorded to corporations under laws
tthis state.
ARTICLE II.
The siomicle OF this corporation shall be
In the town Of Morgan City, st. mary iar-
legal process shall be served upon the
President Of the corporation. or IN lis ao'
senOe. upon the Vice. President.
ARTICLE Ill.
The objects apd purposes for which this
nrp0rAtiou is organised and the nature
Of he business TO be carried on by II. are
hSrel,y declared and specified to be: 10
oct ~ tho selling agents Or rcrr"sentatives
Of the manufacturers OF automobiles, iuto-
mobile part~. trucks, tractors, power driv-
On vehicles OF oil kinds, tires. accessories
snd vpeciaItisy OF all kinds: 70 buy aud
sell automobiles. automobile parts. and
accessories Of oil kinds. trucks. tractors,
and power-tlriven vehicles OF all kinds. or
parts OF same, tires, oils, grease and gas
- ODefAto
garage at Morgan City. La. operatir9a
service station, and doing general and
snecinI re pair work upon and for automo>
Ml... to own. to let. lease aud h,re auto-
mobiles anL to operate livery service; 10
establish branch agencies Or garagss
vow er to buy. hold. sell aud exchange all
classes Of goods, wares, merchandise and
Dersoi,al pr, pc,t, as it may desire 10 nan
die; and. in the interest OF such business.
to make such advances as are re4NreH;
and Il shalt also have the power TO Oay,
sell. holI. lease. mortgage, siie9ate ..hu
dcal in real estate Of all aorts ard TO erect
building. thereon, lease. let and rent
same, and to acquire and hold. sell. on.
cumber Or dispose OF stocks and bonds OF
other companies to such extent permitted
By law; to exchange its enftre capita'
stock or any part thereof. for proferi5
which il il auth ,riZed to acquire. ~ to
exchsnge its entire assets ana business.
or any pxr! thei col. for property, stocks.
hc0dS or other obligations OF other com
panie,: and II shall have the poW-r 10 ro-
ceiye security by way Of mortgage and
pledge, or III AM vthci manner. anu to
borrow money an! 70 ,-sii" notes an So
cure same by mortgage, pledge Or "ther-
wise; and generally 10 do all things nec-s.
sary and properly connected with or
incidental IL or convenient 70 auy OF salI
obligations aud purposes.
ARTICLE ".
(a) The cap.La stock OF this corpora
tinn ie hereby fixed ut six hou>aud &C.
OoU. .0o) Dollars, TO be divided into Au.
represented by sixty Eoi >hares q ~
mar yRiue of One Hundred tSiUtGJI iDoi.
lars zach, which -h.,ii be paid for IN rt-ti
or may be issusd for property actually
received by Incorporation Or for service |
rendered This capital stock may be in
creased to Ten Thousand tsiD.toU.O0) Dol |
lars.
u, No stockhoIder shall have the right
to assign or transfer amy share or s. ara :
held by him unless he shall have offered
ssne ia ritink to the Board Of Dire ctor,,
which shall have the right to purch1 h1so
tsme within Ten (lO) days hereinafter ut
the valuations determined by the R3afH /
and in cxee Of dissatisfaction as to the
price the matter shall be Mbilratsd. o,e
arbitrator with the powers Of am'cahle
oompOunders to he appointed bs each sid.
and an umpire to be selected by tn sc two
Who shall take oath and who's. decision
shall be Anal. And all shsrss Of stock
when 70 purchased may be reissued at m,
less than par value.
(o) This corporation shall he opera'iv,
and 70 into business and become = going
concern when SIX Thousand tS6.W0.0o
Doilxrs OF its capital stock shall have been
subscribed and paid for.
ARTICLE
All powers of this corpora alton sha Il ht
vested 10 aud exercised BY Il Board OF
three (3) Directors. No person shall be
eligible asa Director unless he owns It.
his own name One !! !, sha-c full paid OF
the capital stock. The Board shalt elsc |
from their number President, Vice
President, and SECRETARY Treasurer, and
shall ii Z the salaries Of all officers. agents |
and employees. The Board Of Director |!
sbali be elected annu lly. on the frs; !
MOn,lay in January Of each year. the ;i!-i !
election to be held 10 the year OF 1873 Al |
olioe of the corporation. Notice Of an
nual meetirEs, a. we'll Us Of special meet |
inx, OF Stockholders shall be given b,
written notice mailed fifteen tla, days t.
advsnce a. the date Of snch meetings t.
each stockholder appearing as such on the
books Of the Company. at his last desig-
mated address, or at the general deliver, |
~ WVSXau Ivy La : ~ AZ uas nv ucS'E
mated IN address. Each shareholder shal.
bs entitled 70 one vote for each share 0.
stock standing Ii bis name on the book. |
u the Companr. eaid .e to he cast II.
pepson .,r BY proxy. aud a majority OF
voies shaft elect. rhc E"ald y! DIRECTOR
tdaN have the power to GU all vacancies
which may occur. Or in any IL inner arise.
70 he created on the Boarf of Directors
even though No quorum remain ut To.
time such vncanciee IRE to he ti'tr6. Fail
upe to elect Directors on tue date above
spsci6ed shall not diss',ve the corpora
tion. but the Directors then in office shall
remain In Office until their SUCCESSORS are
DiAoeed.
TSo Beard Of Directors shal! have power
10 uaks and establish IS vel - 'in: ord