The herald., 1918-06-13
CHARTER.


State Of Louisiana, Parish Of Orleans. City
OF New Orleans.
Be 1t known that on this the 18th day Of
the month of May in the year OF our Lord,
one thousand nine hundred and eighteen.
Before me. Felix J. Dreyfus, Notary
Public, duly commissioned and qualified in
and for the City and Parish aforesaid, there
nesses hereinafter named and undersigned.
personally came and appeared the several
persons whose names are hereunto subscribed
and who severally declared that availing
themselves Of the provisions Of the law OF
the State OF Louisiana relative 20 the for
nation Of corporations and more particularly
70 Act 267 of the legislative acts Of the Gen
eral Assembly Of the State OF Louisiana for
the year 1914; approved July 9, 1914, they
have covenated and agreed, and do by these
presents covenant and agree and bind them
selves, as well as such other persons as may
hereinafter become associated with them to
constitute and form corporation and body
polite in law, for the objects and purposes
and under the terms, articles and stipulations
following, to~wit:
ARTICLE 1.-The name and title of thi.
corporation shall be Standard Motors FL
nance Co, Inc., and by that corporate name
II shall have and enjoy succession for a
period Of ninety-n % )years. and shall
have all the authorities generally vested in
corporations under the law and more particu-
larly Authorized TO contract, sue and be
sued; TO make and use corporate seal; to
make and issue bonds and notes; to borrow
and lend money; to acquire property by
grant, gift, purchase and devise or bequest;
TO sell, mortgage, pledge, lease and transfer
property in any Of its forms; to employ
agents. clerks or superintendents and other
employees the interest OF the company
may require; to make bylaws, rules and
regulations for the management Of its al
fairs. and TO possess all Of the powers
granted and intended TO be granted TO cor
porations in general, and in order to carry
out the objects and purposes OF its organi-
zation.
ARTICLE 1.-The domicile of this cor
poration shall be in the City OF New Orleans.
Parish OF Orleans, State of Louisiana, and
all citations or other legal process shall be
served upon the President, or in his absence
upon the Vice President
ARTICLE III-The objects and purposes
for which this corporation is formed and the
nature of the business to be carried on by it
are hereby declared to be:
To lend money and negotiate loans, to
draw, accept, endorse, discount, buy, sell.
and deliver bills Of exchange, promissory
notes, bonds, debentures, coupons, and other
negotiable instruments and securities; to
issue on commission, subscribe for, take ac-
quire and hold, sell exchange and deal in
shares, stocks, bonds, obligations, securities
OF any government or authority company !:
to form, promote, substitute, and assist com
panles, syndicates and partnerships of all
kinds; to give any guarantee for the pay
ment OF money the performance of any
obligations or undertaking; TO undertake and
execute any trusts, to acquire, improve,
manage, work, develop, exercise all rights in
respect OF, lease, mortgage. sell, dispose Of
turn TO account and otherwise deal with
property Of all kinds and in particular re.
latlns 10 lands, buildings, concessions, pa
tents, business concerns and undertakings :;
10 enter into any arrangements with any
authorities, municipal. local or otherwise.
that may seem conductive to the oompany's
objects or any Of them and TO obtain from
any such government authority any
rights, privileges and concessions which the
company may think it desirable to obtain
and to carry out, exercise and comply with
any such arrangement rights, privileges ard
concessions, and in all cases where author
ized by law, to act as the agent for insur-
ance companies or other corporations, or for
individuals, and in all cases where permit
ted by law, 10 act as trustee or receiver in
bankruptcy, or liquidator or receiver of cor
porations; TO act as depository and to guar
antee the value Of properties and accounts;
generally TO carry on and undertake any
business usually undertaken by capitalists,
promoters, tinanciers, concessionaires, indi-
yiduaIs, contractors, for public and other
works, merchants, and any other business
which may seem 10 the company capable OF
being conveniently carried on in connec-
ton with the above or calculated directly
or indirectly TO enhance the value of Or
render profitable any Of the company's prop
erty or 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 lN-The total authorized CAPT
tai stock of the corporation is twenty-five
thousand, five hundred dollars (S25. OOOOOl.
OF such total authorized capital stock. two
hundred and fifty (250) shares shall be pre-
terred 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 20 time, the preferred stock and
the con1nan 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 may
be permitted by law. The holders of the
preferred stock shall be entitled TO receive
when and declared from the surplus or
net profits of the corporations, yearly dvi-
dends at the rate of eight per centum per
annurn, payable annually. The dividends
on the preferred stock shall be cumulative
and shall be payable annually. The divi-
dends on the preferred stock shall be cumu-
lative, and shall be payable before any disi-
dend on the common stock shall be paid
or set apart; so that, if any year dividends