The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-20
CHARTER
A true copy of the original.
(SeaD -
THEODORE A. SCHUBER, Not. Pub.
Jun l3-20-27-Juy 4-1l-1S
CHARTER OF
THE NATIONAL SALES COMPANY OF
INCnRpnR NTED.

before me- Frank William Hart, Notary
| Public duly commissioned and qualified IN
and for the Parish of Orleans. state OF
Louisiana. therein residing, in the pres
cnce of the witnesses hereinafter named
and undersigned:
| Personally came and appeared the sew
| eraI persons whose names are hereunto
subscribed who severally declared that,
awaiting themselves of the dement's ana
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 Wei
1 as all such other persons who may here
after Join or become associated with them
| or their successors, into stock corpora
ton for the objects and purposes and I'M
der the covenants, stlpulatlOns ana 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 period OF ninety nine
| C99) years from and after the date of this
| act 1t may have, hold, receive, borrow,
lend, exchange, acquire by grant, gitt or
purchase, devise or bequest, sell, ALLEVIATE,
dispose of, convey, lease, pledge, pawn,
Ihypothecate, 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 as 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. Ii may contract, sue and be sued,
plead or be implcaded by its corporate
name in any court of competent JurlSdlc-
| ton. 1t may make, adopt and use cor
porate seal and alter the same at pleas
Ure. 1t may hold stock in other corpora
| tiOns, and its capital stock may be issued
for capital stock in other corporations IL
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 nix 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
certihcatiOn and registration of its stock.
1t may wind up and dissolve itself, or be
wound up and dissolved, in the manner
prescribed by law. IL 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-
titles which corporations are and may
hereafter be authorized to possess under
the Constitution and laws of this State,
and particularly under Act No. 26I of the
Acts of the General Assembly of the State
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 Vice-President, or, in the
event of the absence of both of said Of
ficers, upon the Secretary Treasurer.
Article II1.-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il 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
any of the purposes of any one or more
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 (s20,O00.O0l dollars, di.
vided into two hundred (2O0) shares Of
the par value of one hundred (S1OOOO)
dollars each, which capital stock may be
increased to the sum of fifty thousand
| 1850, 0O0.00) dollars.
! 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-
tions as the Board of Directors may pre-
scribe.
Article V.-Al the corporate powers of
this corporation shall be vested in, and
the management and control of it's af-
fairs shall be exercised by a Board of Di-
rectors, consisting of not less than three
(3) and not more than five (5) stockh0ld-
ers, the majority of whom shall consti-
tute quorum for the transaction of bust
ness.
The directors shall be elected annually
by ballot at the annual meeting of the
| corporation which shall be held on the
third Monday in January of each year.
At said annual meeting the stockholders
shall first, by vote fix the number of Di-
rectors for the ensuing year, provided the
said number is not less than the mini
mum, nor more than the maximum here
inabove fixed, and after such number has
been fixed, then said stockholders shall
duly elect said Directors.
The Directors thus elected shall con-
time in office for one year, or until their
successors shall be duly elected and quail
fed. Each stakeholder shall be entitled in
person or by proxy to one vote for ev-
cry share of stock owned by him. All
elections shall be held under such rules
and regulations may be prescribed by
the Board of Directors.
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, but
the Directors and Officers then in office
shall remain in Office until their successors
shall be duly elected, qualified, and in
stalled.
The Board of Directors shall at its first
meeting after being elected, nominate out
of its number a President, a Nice-Presi-
I dent, a Secretary and Treasurer. The
offices of Vice-President and Secretary and
Treasurer, or any two of them, may be
and the same person. Neither the Secre-
tary nor the Treasurer need necessarily
be members of the Board of Directors.
Said Board of Directors shall have the
right to appoint and dismiss such clerks,
managers, and other employees for the
corporation as said Board may deem
proper, and to fix their salaries and COM
pensatiOn, with term of Office and with
the right to dismiss them at pleasure.
Until the first annual meeting of the
corporation, to be held on the First Mon
day in January, 1919, the following shall
constitute the Board of Directors and Of