The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-07

United States of America, State of Louis
lana, Parish of Orleans City of
New Orleans.
Be it known, that on this thirtieth day
of the month of July, in the year one
thousand, nine hundred and nineteen be
fore me, Robert Legier, notary public,
duly commissioned and qualified in and
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
names are hereuuto subscribed who de-
clared that availing themselves OF the
provisions of the laws of the State OF
Louisiana, and particularly Act NO. 20
| of the General Assembly of the State OF
Louisiana for the year 1914, they have
covenanted and agreed and do, by these
presents, covenant, agree, bind, form ana
| constitute themselves, as well as such
other persons as may hereafter join or
| become associated with them into a cor
poration and body polite i'll law, for
| 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 that
name il shall have and enjoy all of the
rights, advantages and privileges grant
ed by law to corporations; it shall exist
! for period of ninety nine years from
the date hereof; it shall have power and
authority to sue and be sued i'll its 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, mortgage and hypOthe-
cate property, real personal and mixed ;
to issue bonds notes and other Obllga-
tiOns; to have and employ such mana
gers, officers, directors and other employ
ees or agents as the interest and cOnVe-
nience of the corporation may require
or demand, and to make and establish
| such bylaws, rules and regulations Tor
the corporate management and control OF
its business and affairs as may be deem
ed necessary and eXpedient.
| Article 1.-THE dOmicile of the said
! corporation shall be in the City of New
Orleans, State of Louisiana, but it may
establish and maintain offices and agen-
| cies throughout the United States OF
! America and foreign countries. All cita-
/ lions and other legal process shall be
served on the president and in his alb
| sence on the vice president of the said
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 III-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be:
to deal in, buy, sell, at wholesale or
account of others, or as agent, broker
or intermediary, automobiles and all
kinds of rolling stock, and all parts and
accessories thereof, and i'll fact any and
all kinds of merchandise, and generally
to do and engage in any other business
undertaking or enterprise connected with
growing out of incidental or germant
10 any of the objects and purpose here
inabOve set forth or contemplated by
this charter.
Article Iy-The capital stock of this
corporation is hereby fixed at the sum
of twenty-five thousand ($2o,O0OOOOl dol
lars. divided into two hundTsd and fifty
(250) shares of the par value of one
hundred (S1000O) 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 $3.50
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
tiicate of stock shall be signed by such
Officers as may be designated by the
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 book
value as established by the last inven-
tory.
Article YAH the corporate powers OF
this company shall be vested in and the
m m Cram ntrnl Of rs hnS
and affairs shall be exercised by board
of directors composed of five stockhold-
ers, which number may be increased to
not more than fifteen, at the discretion
of the board of directors. A majority OF
the directors shall constitute a quorum
for the transaction of all business. The
directors shall be elected annually by
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 al
least fifteen days notice thereof shall
have been given to each stakeholder, by
notice thereof delivered personally t
each stakeholder, or by depositing in the
post office properly addressed, notice
to each stakeholder. The directors thu:
elected shall continue in office for one
year or until their successors shall have
been duly elected and qualified. Al
stockholders shall be entitled. in person
or by written proxy, to one vote on eacf
share of stock owned by him and stand
ing in his name on the books of thu
corporation. No failure to hold an elec
ton shall be regarded as a forfeiture
of this charter. Any vacancy occurring
on said board of directors shall be filleC
by remaining directors for the unex
= pired term. Said board of directors shall
likewise elect the additional members IL
case they should determine to increas
the number of the board as hereinabov
provided. Said board of directors shall
at its first meeting, elect from anon!
its number, a president, one or more vic
presidents. a secretary and treasurer
1t may combine any two or more
said Offices into one and may even cleo
a secretary who is not stakeholder o
, director. Said board of directors shall
have the right and power to appoint ant
dismiss such clerks and other employ
ees of the corporation, including the see
rotary who is not stakeholder or di
rector as conditions may justify or tn
business of the corporation may require
e The tenure of office of all employees o
the corporation shall be during tn
r pleasure of the board of directors.
Article Who stakeholder shall eve
be held liable or responsible for tn
: contracts faults or debts of this cor
e poration. nor shall any mere informant
a in its organization have the effect of rem
, dering this charter null or of exposing
i stockhoider to any liability beyond tn
o unpaid balance due on the shares o
e stock owned by him.
: Article VII-This act of incorporate
: may be changed. modified or altered b.
a vote of two-thirds of the persons owning