The herald. [volume] (New Orleans, La.) 1905-1953, 1919-02-13
CHARTER
CHARTER OF SINCLAIR MOTOR COM
PANY, INC.

CHARTER OF SINCLAIR MOTOR COM
PANY, INC.
United States OF America, State Of Louis
,aua. Parish Of Orleans. City OF Ne" W
leans BE il known, that on TINS twenty
eighth dav Of the month OF December, III
the wear Of our Lord, one thousand. niue
hundred and eighteen, ana o. the Inu'P."
Irrre Of the United States Of America, the
one hundred and torty-third. Before me, ms
Arthur John Peters. i Notary Public, duly
commissioned and qualified, in and Tor the
CITY OF New Orleans, in the PARISH OF Vt
leans, and State OF LOUISIANA, uo.lII 'igu a. =.
the said city Parish and State, and III ING
urr,rnce OF the witnesses hereinafter named
and undersigned; personally came ana APP
peared, the several persons whose hahSe ale
hereuuto subscribed, all above the MI age
ii majority, who severally declared thdt,
svailing themselves Of the PROVISIONS OF
Act No POI OF 1914. as well as OF the gen
pral laws OF the State OF LOUISIANA, teld
tiv. To the organizations OF corpor ATOMS lheS
hereby form themselves into. and constitute
cornoration for the objects and purposes,
and under the stIpu!atlonS hereinafter se-
ARTICLE 1.-The name and title OF this
corporation is hereby declared to De; ON
Shall he in the City of New Orleans and It
Shall have and and enjoy succession ana
corporate existence by its corporate ndlne
for A period of ninety-nine ~ years from
and after the date hereotf ms CorpoIatIo"
shall have power and authority to CONTRACT
sue and be sued in its corporate name; 10
make and use a corporate seal; 10 holu re
ceive, hire and purchase real ana pei SoaI
nroperty, and to sell, mortgage or piedge
the same and to borrow money and issue
bonds. notes and other obligations. Al
citations or other legal process shah DC
served upon the president. and IN the even
If his absence or inability to act from any
cause, the same shall be served upon '''
-.
ARTICLE 1.-THE objects and purposes 10
which this corporation is established an'
| the nature of the business to be carried OF
| bv # are to be: To manufacture, asSemOle
| buy, sell. export, import, repair anu go a
eraIlv deal in internal combustion engine
| of any and all kinds, boats, aircra1tS; auto
| mobiles motor trucks motorcycles and lraC
| tors, and machinery. equipment anu az
pliance, and all apparatus, devices; Mater :
| sunDlies parts accessories and tools, used o
useful in connection Herewith. To appl,
| for Obtain register. purchase, lease or otner
| wise acquire and to hold own, use. develop
operate and introduce, and to SELL assay
! grant licenses or territorial rights IN resPee
10 or otherwise to turn to account or as
| pose Of any copyrights, trade marks, trad
| names, brands, labels, patent rights, lette
| patent of the United States, or OF any otne
| country or government or inventions, III
provements and processes, whether useu nal !
connection with or secureu u'ueA iN''N4 ="
ARTICLE III-The capital stock of thi
corporation is hereby fixed at the sum
one hundred thousand SlDo,OoV1 dollar
i divided into and represented by One lhot
sand QOOO shares of common stock OF n
mar value of one hundred (SlWU) dollar
each The capital stock may be increased
the sum of One Hundred and FIFTY ih9psaI
/ (sl5OOOOO Dollars. Said stock snail
paid for in installments of such amounts an
ar such times as the board of directors ma
determine. but any part or parcel OF sa
stock NAV be issued by said Board OF DIRE
tors at not less than par in payment OF
bor done services rendered or property a
tually received by said corporation. IL
| said stock shall be transferable on Il
books of the Corporation. subject to su,
). rules and regulations as the board OF
e rectors may adopt.
5 ARTICLE IV.-All the corporate powers
e this corporation shall be vested in and e
: ercised by board of Seven % directors
h be composed OF stockholders, majority
Il whom shall constitute a quorum tor t
|, transaction of any business. The Board
!, Directors shall be vested with full power a
i authority to make all contracts, purchases a
il sales. and adopt all bylaws, rules "a
d regulations for the government and ara
,e Of the Company. and alter, mend and chan
>. the same at pleasure; appoint, hire and d
h charge, all officers, agents and employs
n fix all salaries and generally. to do and p
"a | form all things necessary IN the trans
y | ton of the business and affairs OF the 90
!, pany. Any vacancy occurring in said Boa
~ shall be filled by the remaining direct
y in the manner provided for in the by-laN
81 The first Board of Directors of this Cor
OF ration shall consist of Alfred c. Sincla
lg DR. Frank II. Hardenstein; Francis
20 Semmes; David c. Loker. Van Buren, Harr
81 w. L. Halsey. and Lutcher Sinclair. "
10 shall hold office until the second Tuesday
IL January 1920. and until their successors
n duly elected and qualified. On the secC
IL Tuesday OF January, 1920. and annua
e thereafter, an election for directors shall
y held at the office OF the Company, un
ic- the supervision of two missloners TO
appointed by the Board of Directors.
er the Directors then elected, shall take II
IS, seats Immediately and shall hold office III
all their successors are duly elected and gu
on fled Each board shall elect its own ottic
Ter and shall consist of a President, Nice-Pr
to dent Secretary and Treasurer. All cor
ue rate elections shall be by ballot. and
by ioritv of the votes cast shall elect, and
all stockholders meetings held for any I
- | pose. each share OF stock shall be entli
on to one vote either by person or by pro
OF by the person i'll whose name same is :
iC | istered on the books OF the Company. W
os' ten notice of stockholders meetings shall
IS, given TO each stakeholder by the Secret
ne at least fifteen days prior TO elections
on mailing same. postage prepaid. TO his
is known address. Any Director absent f
al the City of New Orleans. or unable to
By tend meetings OF the Board of Direct
om may give his written proxy to any OF
ch Director. and said proxy shall be voted
'rs accordance with written instructions OF
ct Director granting same.
or. ARTICLE V-This act of incorpora
OF may be changed. altered or modified or
or Corporation may be dissolved in any mar
nc prescribed by law; or with the consent
the three -fourths (}4) of the stock present
represented at a general meeting of
eto stockholders convened for that purpose a
cir thirty 800 days prior notice of such m