The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-30
CHARTER

OF DEMACK MOTORS COMPANY, INC.
United States of America, State of Lou
isiana, Parish of Orleans, City of New
Orleans.
Be it known, that on this sixth day of
the month of May, in the year of our
Lord one thousand, nine hundred and
eighteen, and of the Independence of the
United tSates of America the one hundred
and forty second: Before me, W. Morgan
Gurley, a Notary Public, duly commits
stoned and qualified in and for the Par
ish of Orleans, State of Louisiana, per-
sonally came and appeared the several
persons, whose names are subscribed here
to, who declare that availing themselves
of the laws of the State of Louisiana, in
such cases made and provided, and par
ticularly of Act No. 261 of 1914. they de-
sire to, and do hereby, form themselves
into a corporation under the name, and
for the objects and purposes, and under
the terms and conditions, hereinafter set
forth.
Article 1.-The name and style of this
corporation shall be 'Demack Motors
shall have all the power and authority
conferred upon corporations by the laws
OF the State of Louisiana and of the I'm
tied States of America. 1t shall have ex-
istence for a period of ninety nine years
from this date. unless sooner legally dis
solved. 1t shall have power to contract,
sue. and be sued, in its corporate name
to make and use a corporate seal, and
the same to break or alter at pleasure
to hold, receive, lease, suitcase, purchase,
sell, convey, and exchange property, real,
personal, or mixed; to mortgage. pledge.
or hypOthecate the same; to borrow or
lend money, securities, and valuable
things generally, in any matters connect
ed with the purposes or business of the
corporation; to issue bonds, notes, and
other obligations and negotiable instru-
ments, and commercial paper generally
to appoint such officers, agents, manag-
ers, and employees generally, as the bus
mess and interests of the corporation may
utra. 70 oh mr.
charter, and to establish, alter and amend
all rules, regulations and bylaws for the
conduct and management of the business
of the corporation in any way conform.
Article 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana, and all citations
and other legal process shall be served
upon the President of this corporation. or
in the event of his absence or inability to
act. then upon the Vice President.
Article III.-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 /:
The manufacturing, buying, selling, ex-
changing. leasing, hiring. and general
dealing in automobiles, autO-trucks, aero
planes, hydro-aeroplanes, and similar
craft, and motor-propelled vehicles and
objects of all kinds: the manufacturing,
buying, selling, exchanging, and general
dealing in parts, equipment, accessories,
and supplies for the said motor-propelled
craft vehicles. and objects of all kinds (;
the assembling, repairing, rebuilding, rem
oyating, and improvement of all such mo-
tOr-propelled craft, vehicles, and objects
of all kinds, and any parts or portions
thereof; and. likewise, the assembling, re-
pairing, replacement, rebuilding, renovat-
ing, and improvement OF any and All parts,
equipment, accessOriesI and supplies gen.
orally for the said motor propelled craft,
vehicles, and objects of every kind; the
right to store, care for, and keep all such
motor propelled craft, vehicles, and OBJ
jects, equipment, parts, accessories, and
supplies for the account of others. and
upon such terms and conditions as the
corporation may elect as well as for the
corporations own account; the right TO
handle and dispose of such motor-pro-
PEELED craft vehicles and objects, equip
ment, parts accessories and supplies, as
the agents of others. as well as for the
corporations own account, and to make
such contracts relative thereto, as the cor
pOratiOp may elect and generally to act
as an agent or intermediary, in any ca
pacity. for any person, or persons, firms,
or corporations. doing business in the line
OF motOr-prOpelled craft vehicles. and
objects, and any accessories. parts, or
supplies, of whatever character, relative
thereto or connected Herewith, whether
as now existing or as hereafter TO exist,
and to make all contracts and agreements
consOnant Herewith; to engage, conduct,
and operate any line of business, Incl
dental to the main business, hereinabove
stated, or any business properly suscep-
tible of being conducted through the char
acter Of the property TO be handled by the
corporation.
This corporation shall have the right to
acquire, either in whole or in part, the
business, assets, goodwill, and the like of
any concern engaged in a line of business
similar to that authorized by the charter
of this corporation, and to pay for the
same in cash, stock, or in any other law
full way.
Article IV.-The capital stock of this
corporation is hereby fixed at the sum of
one hundred thousand (S100, 100000 dol
lars, divided into one thousand shares Of
the par value of one hundred dollars each.
The capital stock of the corporation may
be increased to the sum of one hundred
and fifty thousand dollars.
No stakeholder shall sell or dispose of
any Of the stock of this corporation.
without first having offered the same for
sale to the other stockholders, by letter
addressed to the President or to the Board
of Directors of the corporation, naming
therein the lowest proposed price of said
stock and the proposed terms of. sale. At