The herald., 1918-05-23
CHARTER %
THE NATIONAL SALES COMPANY OF
louisiana INCORPORATED.
isb nt
state OF Louisiana. Parish OF Orleans.

THE NATIONAL SAIEN 'oMIhNh vi
LOUISIANA, INCORPORATED.
state OF Louisiana. Parish OF Orleans.
lie it known that on this 18th day OF
the, month of May. III tn" year one thOu-
sand nine hundred and eighteen, ll"lN). /,
before me Frank William Hart Notary |
Public duly commissioned and quailhed III
and for the Parish of orleans. Sta.t Oh
LouiSiana, therein residing, in the pres
rncc of the witnesses hereinafter named
and undersigned:
Personally came and appeared the sew
eral persons whose names are hereuhtO
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 |
tions and particularly of the provisions |
of Act No. 261 of the General Assembly |
of the State of Louisiana for the year 1914; |
they have organized themselves, as Wen
as all such other persons who may here
after iOin or become associated with them
or their successors. into ~ stock corpora
ton for the objects and purposes and un-
der the covenants, stipulatlOnS ana agree
ments following tO-wit:
Article 1.-The name and title of TINS
corporation shall be The National Sales
Company of Louisiana Incorporated ana
under and by said name, unless SOONER
dissolved in accordance with law and TINS
charter, il shall exist and continue. ana
shall have and enjoy corporate existence
and succession for period OF ninety nine
(g9) years from and after the date of tins
act Ii may have. hold, receive, borrow,
lend. exchange, acquire by grant, glft or
purchase, devise or bequest, sell, ahehate'
dispose of. convey, lease, pledge, pawn
hypothecate, 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 he prescribed by law.
Ii may make, issue and indOrse bonds or
notes and other evidences of debt. 1t may
accept mortgages, pledges. or other forms
l.Nfs tlrit for
debts Ii may contract, sue and be sued.
plead or he impeaded 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
| tons 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 altering the management OF
its property, the regulation and govern
ment of its affairs, and the manner of the
certification and registration of its stock
1t may wind up and dissolve itself, or b'
wound up and dissolved. in the manner
prescribed by law. 1t may conduct bust
ness in this state, other states, the fedora
Districts. the Territories and possessions
| of the United States. and any forelgI
country. 1t generally shall possess al
the powers, rights, privileges and immun
tiles which corporations are and ma!
Snd aws tss
and particularly under Act No. 26I of tn
Acts of the General Assembly of the Stat
of Louisiana for the year 1914; and /
shall have the power to invest its Boar
of Directors with all of its corporate pow
ers, subject to such restrictions as ma,
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 o
other legal process shall be served upo
the President. or, in the event of his alb
sence, upon the Vice-President, or, in tn
? event of the absence of both of said OF
| hcers, upon the Secretary Treasurer.
Article III.-The objects and purpose
for which this corporation is organize
; and the nature of the business to be cal
. | ried on by it are hereby declared to he
to buy, SELL and generally deal in an
= line of merchandise, at wholesale or r.
representatives, sales representative
brokers, or otherwise to engag
!. in the general manufacturing bu.
mess to buy, sell, repair and genesall
e deal in automobiles, automobile tires. an
d automobile supplies and accessories of a
kinds; to buy, sell, and generally deal
stocks, bonds, and real estate, either
r ! PRINCIPAL or as broker; and generally
y
= nient or proper for the accomplishment
'e any of the purposes of any one or mo
10 of the objects herein enumerated or Inc
dental to the powers herein named,
e, which shall at any time appear cOnduci
i'll or eXpedient to the benefit or protecti'
:, or business of the corporation, with Z
vi the powers now or hereafter conferred
Is the laws of the State of Louisiana up'
- corporations organized under the act her
III in referred to.
Article IV.-The capital stock of I'll
x4.I tl..a cum
twenty thousand S20.000.O0l dollars,
vided into two hundred (200) shares
the par value of one hundred (SlOO.C
. dollars each, which capital stock may
increased to the sum of fifty thouSa
$3.50. 100000 dollars.
All stock shall be full paid and nOn-I
, sessable when issued; shall be represel
ed by certificates. and shall be person
property. No transfer of said capital sto
re, shall be binding upon the corporation,
o less made upon the books of the compaI
o' in accordance with such rules and regu
rd tiOns as the Board of Directors may p
,., scribe.
:" Article V.-All the corporate powers
he this corporation shall be vested in,
.ds the management and control of its
fairs shall be exercised by Board OF
SIS, rectors, consisting of not less than th
he go and not more than five 20 stockho
ers. the majority of whom shall cons
rry tute quorum for the transaction OF bu
20 ness.
The directors shall be elected annua
Ike by ballot, at the annual meeting Of
ley corporation which shall be held on
80, third Monday in January of each "
US. At said annual meeting the stockhold
ra; shall first, by vote fix the number of
Ito rectOrs for the ensuing year, provided
'>'N said number is not less than the mi
ley mum, nor more than the maximum he
los inabove fixed, and after such number
been fixed. then said stockholders 81
MT duly elect said Directors.
pp, The Directors thus elected shall g
tinue in office for one year. or until Il
successors shall be duly elected and gu
fed. Each stakeholder shall be entitled
person or by proxy to one vote for
cry Share of stock owned by him.
for. elections shall be held under such n
and regulations as may be prescribed
A the Board of Directors.
br.s The failure for any cause whatsoe
to hold the annual meeting of stockh'
ers or the failure to elect Directors tn