The herald., 1918-06-06
CHARTER.
OF STANDARD MOTORS FINANCE CO.,
INC.

INC
State of Louisiana, Parish of Orleans, City
of New Orleans.
Be II 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, a Notary
Pubic, duly commissioned and qual,tied IN
and for the City and Parish aforesaid. there
in residing, and in the presence OF the wit
nesses hereinafter named and undersigned,
personally came and appeared the several
persons whose names are hereunto subscribed.
and who severally declared that availng
themselves Of the provisions Of the law OF
the State OF Louisiana relative to the for
nation of corporations and more particularly
to 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 we'll as such other persons as may
| hereinafter become associated with them to
constitute and form a 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 this
| corporation shall be Standard Motors FL
nance Co., Inc, and by that corporate name,
! it shall have and enjoy succession for a
| period of ninety nine 99 )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 a corporate seal; 20
make and issue bonds and notes; to borrow
4 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 superintendent and other
employees the interest OF the company
may require; to make bylaws, rules and
regulations for the management of its af
| fairs, and 10 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
| cation.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Orleans
| Parish of Orleans, State of Louisiana, anC
all citations or other legal process shall be
served upon the President, or in his absence
upon the Vice-President.
| ARTICLE 1II-The objects and purposes
for which this corporation is formed and th'
nature of the business to be carried on by i
are hereby declared to be:
To lend money and negotiate loans, L
draw, accept, endorse, discount, buy, sell
and deliver bills of exchange, promi ssor,
notes. bonds, debentures, coupons, and othe
negotiable instruments and securities; t
issue on commission, subscribe for, take, &C
quire and hold, sell exchange. and deal il
shares, stocks, bonds, obligations, securitie
OF any government, or authority company
to form, promote, substitute, and assist com
panles, syndicates and partnerships of al
kinds; to give any guarantee for the pay
ment OF money or the performance of an,
! obligations or Undertaking; to undertake AM
: execute any trusts, to acquire, improve
: manage, work, develop, exercise all rights il
respect of, lease, mortgage, sell, dispose OF
turn to account and otherwise deal witt
property of all kinds and in particular re
latifs to lands, buildings, concessions, pa
tents, business concerns and undertakings
to enter into any arrangements with an.
authorities, municipal, local or otherwise
that may SEEM conductive TO the company
objects or any of them and to obtain iron
, any such government or authority an,
rights, privileges and concessions which tn
company may think it desirable to obtain
and to carry out, exercise and comply witt
any such arrangement, rights, privileges an,
concessions, and in all cases where author
ICED by law, to act as the agent for inSur
ance companies or other corporations, or 70
individuals, and in all cases where permit
: ted by law, to act az trustee receiver ii
bankruptcy, or liquidator or receiver OF cor
! porations; TO act depository and to guar
antee the value OF properties and accounts
generally to carry and undertake an,
business usually undertaken by capitalists
promoters, financiers, .ooncessionaires, indi
viduals, contractors, for public and othc
! works, merchants, and any other bushes
which may seem to the company capable o
being conveniently carried on in conneC
tion. with the above or calculated directl
2 or indirectly to enhance the value Of o
render profitable any of the compauy's prop
}, erty or rights and further generally to d
e any and all things appertAtining to, CROWN
out Of, and relating to the nature of tn
T aforesaid objects and purposes.
=, ARTICLE IV-The total authorized CAPT
r tai stock of the corporation is twenty-fiv
thousand, five hundred dollars (S2S,0OO00
OF such total authorized capital stock, tw
hundred and fifty (250) shares shall be pre-
ferred stock of the par value Of One Hun
: bred Dollars $4,000 EACH and five hur
bred 600 shares shall be common stock
the par value OF one dollar (slOO eaei
. | From time to time, the preferred stock an
' | he ed accord
. ing to law and may be issued in sue
: amounts and proportions as shall be deter
: mined by the board of directors, and as ma
: be permitted by law. The holders of IN
preferred stock shall be entitled to receiv
: when and as declared. from the surplus q
: net profits of the corporations, yearly div
0 dends at the rate of eight per centum pc
e annum, payable. annually. The dividend
: on the preferred stock shall be cumulative,
: and shall be payable annually. The div
e dends on the preferred stock shall be cumu
O lative, and shall be payable before any div
d dend on the common stock shall be pal
!, ! or set apart; so that, If any year divide nd