The herald., 1918-06-27
CHARTER
A true copy of the original.
(SeaD
THEODORE A. SCHUYLER, Not. Pub.
Jun 13-20-27-Juy 4-11-1S
CHARTER OF
THE NATIONAL SALES COMPANY OF
LOUISIANA, INCORPORATED.

before me, Frank William Hart a Notary
Public duly commissioned and qualified in
and for the Parish of Orleans. State of
Louisiana, therein residing, in the pres
ence OF the witnesses hereinafter named
and undersigned:
Personally came and appeared the sew
eral persons whose names are hereunto
| subscribed. who severally declared that,
avaiing themselves of the benefits and
provisions of the Constitution of the State
| of Louisiana and of the laws of said State
relative to the organization of corpora
| tons, and particularly of the provisions
| Of Act No. 267 of the General Assembly
of the State of Louisiana for the year 1914,
they have organized themselves, as well
as all such other persons who may here
after join or become associated with them
| or their successors into a stock corpora
ton for the objects and purposes and un-
der the covenants, StipulatiOns' and agree
ments following to-wit:
| Article 1.-The name and title of this
corporation shall be The National Sales
Company of Louisiana, Incorporated" and
under and by said name. unless SOONER
dissolved in accordance with law and this
charter, it shall exist and continue, and
shall have and enjoy corporate existence
and succession for a period of ninety nine
! (99) years from and after the date of this
act. 1t may have, hold, receive borrow,
lend, exchange, acquire by grant gift or
purchase, devise or bequest, SELL ALLEVIATE,
dispose of, convey, lease, pledge, pawn,
lhypOthecate, cucumber or mortgage prop
erty of any kind, whether real, personal
or mixed. corporal or incOrpOreal, NOV
able or immovable, all subject to such
limitations may be prescribed by law.
1t may make, issue and indOrSe bonds or
notes and other evidences of debt. 1t may
accept mortgages, pledges, or other forms
of security for money loaned or other
debts. 1t may contract, sue and be sued,
plead or be impleaded by its corporate
name in any court of competent jurisdic-
ton. 1t may make, adopt and use a cor
pOrate seal and alter the same at pleas
ure. 1t may hold stock in other corpora
lions, and its capital stock may be issued
for capital stock in other corporations. 1t
may name, appoint and employ such man
ayers, directors, officers, agents and other
employees as its said business and con-
venience may require, and may fix their
compensation, having due regard to the
nature, character and value of their ser
vices. 1t may make and establish by
laws rules and regulations not incon-
sistent with this charter or any existing
law, fixing or altering the management of
its property, the regulation and govern
ment of its affairs, and the manner of the
certifcation and registration of its stock.
1t may wind up and dissolve itself, or be
wound up and dissolved, in the manner
prescribed by law. 1t may conduct bust
ness in this state, other states, the federal
Districts, the Territories and possessions
of the United States, and any foreign
country. 1t generally shall possess all
the powers, rights, privileges and immun-
tiles which corporations are and may
hereafter be authorized to possess under
the Constitution and laws of this State,
and particularly under Act No. 267 of the
Acts of the General Assembly of the State
of Louisiana for the year 1914; and il
shall have the power to invest its Board
of Directors with all of its corporate pow
ers, subject to such restrictions as may
be named in the charter.
Article 1.-THE dOmicile of this cOrpor
alton shall be in the City of New Orleans
State of Louisiana, and all citations or
other legal process shall be served upon
the President, or, in the event of his alb
sence, upon the Nice-President, Or in the
event of the absence of both of said Of
ficers, upon the Secretary Treasurer.
Article III.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be:
to buy, sell, and generally deal in any
line of merchandise, at wholesale or re-
tail, as manufacturers agents, district
representatives, sales representatives,
brokers. or otherwise to engage
mess to buy, sell, repair and generally
deal in automobiles, automobile tires, and
automobile supplies and accessories of all
kinds; to buy, sell, and generally deal in
stocks, bonds, and real estate, either as
principal or as broker; and generally to
do all and everything necessary, conve-
nient or proper for the accomplishment of
of the objects herein enumerated or incl
dental to the powers herein named, or
which shall at any time appear conducive
or expedient to the benefit or protection
or business of the corporation, with all
the powers now or hereafter conferred by
the laws of the State of Louisiana upon
corporations organized under the act here
in referred to.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
twenty thousand ($20000.00) dollars, di-
vided into two hundred (2O0) shares of
, the par value of one hundred (S1O0.OO)
, dollars each, which capital stock may be
increased to the sum of fifty thousand
All stock shall be full paid and non as
: sessable when issued; shall be represent
[ ed by certificates, and shall be personal
property. No transfer of said capital stock
shall be binding upon the corporation, I'M
less made upon the books of the company
| in accordance with such rules and regula-
j tons as the Board of Directors may pre-
scribe.
Article V.-AI the corporate powers OF
this corporation shall be vested in, and
the management and control of its af-
fairs shall be exercised by Board OF Di-
e rectors, consisting of not less than three
E 90 and not more than five (5) stockhold-
ers, the majority of whom shall consti-
tute a quorum for the transaction of bust
ness.
; The directors shall be elected annually
by ballot, at the annual meeting OF the
l corporation which shall be held on the
S third Monday in January of each year
4 At said annual meeting the stockholders
shall first, by vote fix the number of Di
h rectors for the ensuing year, provided the
4 said number is not less than the mini
z
inabove fixed, and after such number has
been fixed, then said stockholders shall
e duly elect said Directors.
: The Directors thus elected shall con
e tinue in office for one year, or until theil
' successors shall be duly elected and quail
e fed. Each stakeholder shall be entitled II
: person or by proxy to one vote for ey
S cry share of stock owned by him. AL
r elections shall be held under such rule
and regulations as may be prescribed b!
the Board of Directors.
r The failure, for any cause whatsoever
= to hold the annual meeting of stockhold
|, ers, or the failure to elect Directors there
: at, shall not dissolve this corporation, bu
Q the Directors and Officers then In ofic
: shall remain in office until their successor
i shall be duly elected, qualified, and In
v stalled.
The Board of Directors shall at its frs
e meeting after being elected, nominate GU
= of it's number a President a Vice-Presi
# dent, a Secretary and a Treasurer. TIL
IS offices of Vice-President and Secretary an
Treasurer, or any two of them may b
:, combined by the Board and held by on
7. and the same person. Neither the Secre
W tary nor the Treasurer need necessaril
/ be members of the Board of Directors.
= Said Board Of Directors shall have tn
a right to appoint and dismiss such clerks
1 managers, and other employees for tn
Incorporation as said Board may deer
l. proper, and to fix their salaries and com
T. pensation, with term Of Office and wit
1t the right to dismiss them at pleasure.
il Until the first annual meeting of tn
= corporation, to be held on the First Mon