The herald., 1918-05-30
CHARTER.
or STANDARD MOTORS FINANCE CO..
INC.
State of Louisiana, Parish Of Orleans, Cty
Of New Orleans.

the month OF May IN me year Oh GU I''"
one thousand nine hundred and eighteen.
| Before me, FeIlN ! DieElG9' 49,.
Public, duly commIs stoned ana qHa1ItH u
and for the City and fdT'sh ai'Te>tid; Iiete
IN residing ana IN me presence Oh 'HS ',
nesScS hereinafter named and undersigned
personally came and appeared the seveiS
persons whose names are hcIe"nto SoDSSr;i3g
and who SeyeraIIy declared mar dEa'I'",
tHemSst.veN OF inc r's''IoiS % ~ ,be f,T
l.l 80, W .;, al 80 r,rtirf,1,rIy
.| a., 7,z ~ The legislative acts Of the Gen.
! - &c, =" ~ ".1 s., - ,,,is,,-,. 9,
| - - igi5 ,,-.,.sd Ill, o 1914 the,
| i"s Sttl - HpII' - "a H. by ,5..g
iN' Gov 1871 ','',' - and b;rf Inv,
| LIZ. as vii 5s srcb 6thrr persons as may
serve a. "yI' ~ s"'I ut!.,r 49, - '''. :.
a..;.,,. u 80. ,crr,T,,in, md boJv
~; :; i ,b. oh,er,s and ,,J,-n,ses
pa - Nv - l.,,.iss md .tir,,I.tio,s
S III ,';,', -.
N','.",.'e, So.
AEliCI.E Inc name ana n.Ie OF ',.'S
corporation snail he STANDARD Motors RI
nance Co., Inc. and by that corporate name
II shall have and ENJOY succession i"T a
period 81 ninet!-"lne g" year anu man
have all the authorities gcneTaHF vested il
corporations under the law ana more paTicH-
larry authorized 70 CONTRACT, sut "ni .'
sued 10 make ana use corporate scar 20
make and issue b0hds ana notes 10 ooTr9"
and .end money! 70 acquire properly ny
grant, GIT, purchase ana devise or bequest'
10 sell mortgage Pteuse' east ana "dHalel
property m any OF us forms 10 employ
agents, clerks or SupcriniendentS ana other
employees. as the interest OF Inc company
may require, 10 make bylaws fu'eS anu
regulations Tor Inc management Oh us al
idus. and 10 possess al OF the powers
granted ana INTENDED TO De granted 10 cor
PoratonS IN general and IN order to carry
out the objects and purposes OF us organi-
zation
ARTICLE 1.-THE d0micile Of this cor
poration shall be in the City Of New Orleans.
Parish Of Orleans, State Of Louisia and
all citations or other legal process shall be
served ,pon the President or in his absence
UPON the Vice President
ARTICLE UI-The objects and PURPOSES
for which this corporation is formed and the
nature Of The business 10 he carried on nv II
are hereby declared to be:
To lend money and neyotiate loans To
draw. accept. endorse. discount. buy. sell
and deliver bills Of exchange promissorv
notes bonds debentures eoupons and other
negotiable Instruments and securities. to
issue on co,rrnissior subscribe Tor tale ac
ouire and hold sell exchange and deal in
shares. stocks. bonds, obligations. securities
Of any government ,r AUTHORITY or cnnnanv.
TO form, promote. sIbsidize. and assist com
panies svndicates and nar,neTsbins NJ ali
kinds: TO give anv guarantee for the paw
ment Of money or the performance Of any
obligations or undertaking. Ia rnde~takc and
execute any trusts TO acorire irnnrove
manage work devrlon exercise al r;gb,s :,
respect Of lease mortgage sell disnose az
turn to account and Otherwise deal with
nrone-rv ~ ali Lids ~ =, r,r,;c,i 80
iating 70 Lands bniidings rorcessoIs ne-
tents business concerns and rnde-tali,gs.
to enter into any arrargene,fs with 5ny
authorities. municipal local az ot1ervise
that NAV seem conductive n the c1r1nar,'s
any such government or author;tv any
rights privileges and CONCESSIONS which tLe
company may think il desirable TO obtain.
and to carry out exercise and comply with
concessions, and in all cases Iybere s,,tbor
lied by law, 10 act as the agent for ;nsnr.
ance companies or other cornoTations or for
individuals. and in all cases where permit
ted by law to act as trustee or receiver in
bankruptcy, or liquidator or receiver Of cor.
porations; to act as denositnrv and m o-,,-
antee the value of properties and acco1nts.
generally to carry on and undertake anv
business usually undertaken by capitalists.
promoters. financiers, concessionaires. indi.
viduals, contractors, for public and other
works, merchants and any other business
which may seem to the company capable Of
being conveniently carried on in conner.
tiOu with the above or calculated directly
or indirectly to enhance the value of or
render profitable any Of the company's prop-
erty rights and further generally 10 do
any and all things appertatining to. growing
out of, and relating TO the nature OF the
aforesaid objects and purposes.
ARTICLE IN-The total authorized capi. |
tai stock OF the corporation is TWENTY-FIVE
1--WE hundred dollars (S2SOOO OOl
OF such total authorized capital stock, two
hundred and fifty (25O shares shall be pre- |
ferred stock of the par value of One Hun
dred Dollars $4,000 each, and five hun. |
dred $500 shares shall be common stock Of |
the par value Of one dollar (SlOO each |
From time to time. the preferred stock and |
the cornnan stock may be increased accord |
ing to law and may be issued in such
amounts and proportions as shall be deter
mined by the board of directors and as NAV
be permitted by law. The holders of the |
preferred stock shall be entitled to receive |
when and as declared, from the surplus or |
net profits of the corporations yearly divi. |
bends at the rate of eight per centum per
lnnum. payable annually. The dividends
On the preferred stock shall be cumulative
md shall be payable annually. The divi
lends the preferred stock shall he c,1-n,,.
ative and shall be payable before any diyi-
lend on the common stock shall be Maid
'r set apart; that if any year dividends
to eight per cent shall not have
been paid thereon. the deficiency shall he
payable before any dividends shall he naid |
ipOn or set apart for the common stool |
y Whenever all cumulative dividends on the !
Preferred stock for all previous wears shall
lave been declared and shall have become
'ayable, and the accrued dividends for the |
urrent year shall have been declared and
he company shall have paid such cunuIa
i've dividends for previous years. and such
ccrued dividends or shall 'bayo 80, -
rom its surplus or net profits \ s,,r, &c;
lent for the payment thereof. then should
urther dividends be declared out of anv
emainIng surplus or net profits. the hoard
I directors shall declare dividends ON the |
ommOn and preferred stock share and sb,rc |
like, payable then or thereafter I, III. |