The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-23
CHARTER

garages, for the storing, caring for and keep
ing for hire therein of all kinds of automo-
biles or motor vehicles; to acquire the good
will, rights and property and to undertake the
whole or any part of the liabilities of any per-
son or corporation, and to pay for the same in
cash, stock or securities of this corporation ;
to buy, sell or generally to deal in tires for
automobiles to take. acquire, purchase, own,
rent lease, sell, exchange and mortgage or
otherwise develop or deal in any and all prop
erty, real and personal, of every description
either separate from or which may be Incl
dental to any of the business herein: to man.
ufacture deal in, buy and sell compressed ar
gasoline and any other thing useful for or
used as motor power for vehicles; to buy, sell
and deal in all kinds of commercial paper
mortgages, notes, stocks and bonds, and to
mortgage and hypothecate automobiles of every
description, with full power to borrow or lend
money, secured by mortgage or otherwise; to
do all and everything necessary, convenient
or proper for the accomplishment OF any oil
the purposes herein stated, and to do same
either within or without the State OF Louis
lana.
ARTICLE UI-The capital stock of this
corporation is hereby fixed at the sum of
twenty thousand (s20,000.00) dollars, divided
into two hundred (200) shares of one hundred
which shares shall be preferred stock. class
IA" fifty (50) shares shall be preferred stock,
class "B", and fifty (50) shares shall be COM
mon stock. All of the preferred stock shall be
entitled only to annual dividends at the rate
of per cent per annum, which shall be cumu-
lative, and all of the preferred stock to be
non-voting, except that the preferred stock,
class IA" issued and outstanding, shall pro-
rate. receive and be paid annually, and which
shall be cumulative; the first three thousand
(S3, 600 OO) dollars of the net profits shown
to be made at the end of each fiscal year.
Otherwise the preferred stock shall have no
further interest in the assets or profits of the
company. The preferred stock, class b, or
H. l.,t H. a-1
of Directors three 90 months from the date of
its issuance or at the end of any succeeding
month, upon the payment to the holder the
par value only and all dividends due to the
date of payment. The stock may be increased
to one hundred thousand dollars (Sl00, 00000).
All stock must be paid for in money, services
rendered to the corporation, or in property
transferred to the corporation.
ARTICLE IV.-All of the corporate powers
of this corporation shall vest in and be exer-
cised by a Board of Directors, composed Of
three (3) stockholders of this corporation, to
be elected at a meeting of the stockholders
held for that purpose, at the domicile of the
company on the second Tuesday of October OF
each year, beginning with the second Tuesday
of October, 1920, notice of which meeting shall
be given to each stakeholder at least fifteen
l5) days prior to each meeting, either per-
sonally or by depositing said notice in the post
office, properly addressed to the last known
address of each stakeholder, as shown by the
days before such meeting.
The first Board of Directors of this corpora
ton is hereby declared to be composed of
Edward B. Ellis, residing at 2727 st. Charles
Avenue New Orleans; H. G. Miller King, re-
siding at 2841 Chestnut Street, New Orleans.
and Francis J. Keller. residing at 1926 Sixth
Street, New Orleans, and they shall hold office
until the second Tuesday of October. 1920, OF
until their successors are duly elected and
qualified with H. c. Miller King as President,
Il
Keller as cretary-Treasurer, with E. B. Ellis
as chairman of the board.
The Board of Directors shall, Immediately
after their election and qualification for office
select from among their number a President
Vice-President, and Secretary-Treasurer
provided the office of Secretary and Treasurer
might be held by the same person. M c.
Carter is selected as Assistant Secretary-Treas-
urer.
At such election of directors, each common
stakeholder shall be entitled to cast one (l)
vote for each share of stock owned by him
either in person or by written proxy, but
! voting shall not be cumulative.
Any vacancies occurring on said board shall
be filled by the remaining members at any
regular meeting, or at any meeting called for
that purpose by the President or, in his abb
sence. by the Vice-President.
The said Board of Directors shall have power
to appoint agents and employees for this cor
poration, or to remove the same at pleasure
and they shall also have the power to fill any
vacancies in their number, and shall make
such bylaws from time to time and amend
the same as they may deem expedient.
ARTICLE V.-This corporation may begin
business at once, the necessary amount of stock
being subscribed for herein.
ARTICLE VI.-This charter may be amend
ed, tire capital stock thereof increased or de-
creased, or this corporation dissolved, in &C.
cordance with the provisions of Act PSF of the
Legislature of Louisiana for the year 1914.
Thus done and signed in my office, at New
Orleans, Louisiana. in the presence of Florence
Pfiueger and Eva Schew, competent witnesses,
on the twenty-second day of September, 1919
after due reading of the whole, the subscribers
to this corporation hereby afixing their names
and the amount of stock respectively sub
scribed for by them, and hereby declare this
to constitute their subscription list.
Names of subscribers omitted)
EDWARD B. ELLIS,
Notary Public.
!, the undersigned, Recorder of Mortgages
| in and for the Parish of Orleans, State OF
Louisiana, do hereby certify that the above
! and foregoing Act Of Incorporation of the
king Motor Co.. Inc," was this day duly re
corded in my office in Book 1881, folio -
New Orleans, La.,..-........-.., 1919.
true copy:
| EDWARD B. ELLIS,