The herald., 1918-06-06
CHARTER

CHARTER
OF DEMACK MOTORS COMPANY; INC.
United States of America, State Of Lou
isiana, Parish of Orleans, City Of New
Orleans.
the month of May, in the year of our
Lord one thousand, nine hundred and
eighteen. and of the Independence OF the
United tSates of America the one hundred
and forty second: Before me, w. Morgan
Gurley, Notary Public, duly commits
stoned and qualified in and for the Par
ish of Orleans, State of Louisiana, per-
sOnally came and appeared the several
persons, whose names are subscribed here
to, who declare that, availing themselves
of the laws of the State of Louisiana, in
such cases made and provided, and par
ticularly of Act No. 267 of 1914 they de-
sire to, and do hereby, form themselves
into a corporation under the name, and
for the objects and purposes, and under
the terms and conditions, hereinafter set
forth.
Article 1.-The name and style of this
corporation shall be "Demack Motors
Company, Inc" and, under this name II
shall have all the power and authority
conferred upon corporations by the laws
| OF the State of Louisiana and of the IN
| tied States of America. 1t shall have ex-
| istence for a period of ninety nine years
| from this date unless sooner legally dis
| solved. 1t shall have power to contract
| sue and be sued, in its corporate name ;
to make and use corporate seal ana
| the same to break or alter at pleasure ::
ID hold, receive, lease, suitcase, purchase,
| sell, convey, and exchange property, real
personal or mixed; to mortgage. pledge,
| or hypothecate the same; to borrow or
lend money, securities, and valuable
l things generally, in any matters connect
ed with the purposes or business OF the
corporation; to issue bonds, notes, ana
other obligations and negotiable instru-
ments and commercial paper generally
to appoint sdch officers, agents manag-
ers and employees generally, as the bus
mess and interests of the corporation may
!, | m amend
charter and to establish, alter and amend
all rules, regulations and bylaws for the
conduct and management of the business
|, of the corporation in any way conform
Article 1.-THE domicile of this cor
' poration shall be in the City OF New Or
and other legal process shall be served
, upon the President of this corporation, OIL
! in the event of his absence or inability tt
act, then upon the Vice President.
/. Article III.-The objects and purposes
for which this corporation Is organized
and the nature of the business to be car
5 ried on by 1t, are hereby declared to be
d The manufacturing, buying, selling, ex
y dealing in automobiles, auto-trucks. aero
!. planes, hydro aeroplanes, and similal
d craft, and motor-propeled vehicles ant
$ objects of all kinds; the manufacturing
= buying selling, exchanging, and genera
dealing in parts, equipment, accessories
: and supplies for the said motor propelled
4
4 the assembling, repairing, rebuilding, rem
. ovating, and improvement of all such mo
. tor propelled craft, vehicles, and OBJECTS
! of all kinds, and any parts or portions
! thereof; and, likewise, the assembling. re
i pairing replacement, rebuilding, renOyat
ing and improvement of any and all parts
e equipment, accessories, and supplies gen
orally for the said motor propelled craft
vehicles, and objects of every kind; tn,
right to store, care for, and keep all suci
J. motor-propelled craft, vehicles, and OBJ
L jects, equipment, parts, accessories, anC
e supplies for the account of others, ant
e upon such terms and conditions as tn,
i corporation may elect, as well as for tn
=. corporations own account; the right u
handle and dispose of such motor-pro
PEELED craft. vehicles and objects, equip
ment, parts accessories and supplies, al
the agents of Others as well as for th'
corporations own account, and TO max
such contracts relative thereto as the cor
poratiOD may elect, and generally TO ac
as an agent or intermediary, in any ca
Ipacity. for any person, or persons, firms
or corporations, doing business in the lint
of motor-propelled craft, vehicles, ant
objects, and any accessories. parts, o.
supplies, of whatever character, relative
thereto or connected Herewith, whethe
as now existing or as hereafter to exist
and to make all contracts and agreement
90 consonant Herewith; to engage, conduct
E and operate any line of business, Incl
Y dental to the main business. hereinabov
{ stated, or any business properly suscep
Il OI
, acter of the property to be handled by tn
' corporation.
This corporation shall have the right Z
acquire, either in whole or in part, tn
> business, assets, goodwill, and the like o
, any concern engaged in line of business
, similar to that authorized by the charte
of this corporation, and to pay for tn
same in cash, stock, or in any other law
full way.
Article Iy.-The capital stock Of thi
b corporation is hereby fixed at the sum o
one hundred thousand $10O,00O.O0) dol
e lars, divided into one thousand shares o
( the par value of one hundred dollars each
5 The capital stock of the corporation ma.
: be increased to the sum of one hundred
/ and fifty thousand dollars.
No stakeholder shall sell or dispose o.
, any Of the stock of this corporation
| without first having offered the same fo
sale to the other stockholders, by a lette
, addressed to the President or to the BoarC
of Directors of the corporation, naming
therein the lowest proposed price Of SAID
stock and the proposed terms Of sale. AZ