The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-21
CHARTER
RALEIGH MOTOR COMPANY, INC.

RALEIGH MOTOR COMPANY, INC. !
United States of America State of Louis .
lana, Parish Of Orleans. City of
New Orleans.
Re it known. that on this thirti"th day
of the month of July, in the year one /
min" hundred and nineteen. be .
fore me, Robert L"gicr, a notary puhhc. I
duly commissioned and qualified III ana .
for the Parish of Orleans, State of Lou /
iSiana, aforesaid, therein residing, ana
in the presence of the witnesses herein |
after named and undersigned, personally
came and appeared the persons whose I
names are hcrruuto subscribed, who de
clarrd that availing themselves OF the
of the laws OF the state OF
Louisiana, and particularly Act 40. 20
of the General Assembly OF the state oI
Louisiana for the year l9l4 they nave
covenanted and agreed and do, by these
presents, covenant, agree. bind, form ana
constitute themselves, as well as Such
other persons as may hereafter JON OF
become associated with them into cor
poratiOn and body polite i'll law, Tor
the objects and purposes and under the
agreements and stipulations following, to
wit:
Article THE name and style of this
corporation shall be the Raleigh MOTOR
Company, Incorporated, and under thal
name it shall have and enjoy all of the
ed by law to corporations; II shall exist
for a period of nin"ty-ninc years from
the date hereof; it shall have power Ahu
authority to sue and be sued III us cor
porate name: to make and use cor
porate seal and the same TO break or
alter at pleasure; to hold, receive pur-
chase. convey, mOrtEag" and hEpojhc-
cate property, real. personal ana mixed
to issue bonds, notes ahd oJh'r opllI"-
tiouS: to have and employ Such mana
gers, officers directors and other employ
ceS or agents as the interest and conNe-
nieuCe of the corporation may require
or demand, and to make and establish
such bylaws, rules and regulations for
the corporate management and control OF
its business and affairs rs may be deem
ed necessary and eNpedient.
Article 1.-THE domcile of the said
corporation shall be in the City of New
orleans, State of Louisiana. but 1t may
establish and maintain offices ana aSeh-
cies throughout the United States OF
America and foreign countries. All clta-
tons and other legal process shall be
served on the president and In MS aD-
Sence on the vice president Of the Sald
corporation. In the absence of the pres
ident and vice president, then said pro
cess shall be served on the secretary OF
| the said corporation.
Article uI-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 deal in, buy, sell, at wholesale or
retail for its own account or for the
account of others, or as agent, broker,
or intermediary, automobiles and all
kinds of rolling stock, and all parts and
| accessories thereof and in fact any ana
all kinds of merchandise, and generally,
to do and engage i'll any other business,
undertaking or enterprise connected WITH
| growing out of incidental or gcrmane
to any of the objects and purpose here
| inabove set forth or contemplated by
| this charter.
Article IV-The capital stock of this
corporation is hereby fixed at the sum
of twenty tve thousand (S25,OOO.OOO) dol
lars, divided into two hundrsd and fifty
C250) shares of the par value of one
hundred (S100.O0) dollars each, which
shall be paid for in cash on the call OF
the board of directors, or may be is
sued at not less than par for property
purchased by or services actually rem
dered to the corporation.
The capital stock of this corporation
may be increased to a sum not exceed
ing two hundred and fifty thousand (S2oO,
100000 dollars.
All shares of stock shall be full paid
and worcestershire. No transfer of stock
shall be binding upon the corporation
unless made upon its books and all Ger
tifcate of stock shall be signed by such
board of directors.
No stockholders shall sell or in any
manner dispose of his stock in this cor
pOration, without having first offered the
same to the corporation in writing
through its board of directors, and said
board of directors shall have the right
and option to purchase the stock so of
fered within thirty days, at the bOOl
value as established by the last inven
tory.
Article V-All the corporate powers Of
this company shall be vested in and th'
management and control of its bushes.
and affairs shall be exercised by a board
of directors composed of five stOckhOld
crs, which number may be increased t'
not more than fifteen, at the discretion
of the board of directors. \ majority o.
the directors shall constitute quorum
for the transaction of all business. The
directors shall be elected annually b!
ballot of the stockholders on the SECOND
Monday in July of each year. All cleo
tions shall be held under such rules
and regulations as may be determined
by the board of directors, but after a
least fifteen days notice thereof shall
have been given to each stakeholder, by
notice thereof delivered personally t
each stakeholder, or by depOsiting in TIL
post office properly addressed, a notice
to each stakeholder. The directors thu
elected shall continue in office for on
year or until their successors shall hav
been duly elected and qualified. Al
+ stockholders shall be entitled, in person
or by written proxy, to one vote on eacl
share of stock owned by him and stand
, ing in his name on the books of tn
] corporation. No failure to hold an cleo
ton shall be regarded as fOrfeitur
of this charter. Any vacancy occurrln
on said board of directors shall be flle
r by remaining directors for the uneX
. pired term. Said board of directors shaI
+ likewise elect the additional members 1
case they should determine to increas
; the number of the board as hereinaboy
provided Said board of directors shai
at its first meeting. elect from anon
T. presidents secretary and treasure
g II NAV combine any two or more {
o said offices into one and may even ele'
c secretary who is not stockholder 9
It director Said board of directors sha
= have the right and power to appoint an
T. dismiss such clerks and other emplo!
, ecs of the corporation, including the SCI
u rptary who is not a StOckholder or q
J. rector as conditions may justify or Il
business of the corporation may requir
=. The Tenure of office of all employees
: the CORPORATION shall be during Il
~ pleasure of the board of directors.
ID Article VINO stakeholder shall ev
he held Liable or responsible for Il
p contracts faults or debts of this co
p marathon. nor shall any mere infOrmali
n in its organization have the effect of re
a derinr this charter null or of exposing
ii stockholder to any liability beyond &
to unpaid balance due on the shares
,e stock owned by him.