The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-09
CHARTERS.
CHARTER OF KING MOTOR CO.. INC.

United States of America, State of Louis
lana, Parish of Orleans, City of New Orleans
Be it known that on this twenty-second day of
the month of September 1919, before me, Ed
ward B. Ellis. Notary Public, duly commits
stoned in and for the above-named parish and
state. personally came and appeared the sew
eral persons whose names hereunto sub
scribed, who. in the presence of the witnesses
hereinafter named and undersigned, each and
all declared that, availing themselves of tire
laws of the State of Louisiana on the subject
of the incorporation of corporations. and espe-
cially of Act No. 267 of 1914, they have organ
lied, and do by these presents organize and
constitute themselves, well all other per-
sons who may hereafter become associated
with them. into a corporation and body polite
in law, to enjoy corporate existence during
period of ninety-nine (99) years after this
date, unless sooner dissolved, and under the
following stipulations, which they hereby
adopt as their articles of Incorporation, or
charter, to-wit:
ARTICLE 1.-The name of this corporation
shall be king Motor Co.. Inc," and its domi-
cile is hereby declared to be in the City of
New Orleans, State of Louisiana, and all cita-
tons other legal process shall be served on
the President, and, in his absence, on the
Secretary.
ARTICLE 1.-THE objects and purposes of
this corporation and the nature of the BUSH
ness to be carried by it, are hereby de-
sell, import, export and generally deal in,
operate and let for hire, all kinds of automo-
bies, trucks and tractors and all parts and
accessories thereof; to build. maintain. rent
and operate buildings, storage houses. and
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 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 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 air,
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 otherwise: to
do all and everything necessary, convenient
or proper for the accomplishment of any of
the purposes herein stated. and to do same
either within or without the State of Louis
lana
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum of
twenty thousand (s20. 000.O0) dollars, divided
into two hundred (200) shares of one hundred
(Sl0O.00) dollars each one hundred (l00) of
which shares shall be preferred stock, class
A. nifty t50l 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-yoting, 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
tS3,OOO.OO) dollars of the net profits as 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 3D., or
any part thereof. may be retired by the Board
of Directors three (3) months from the date of
its issuance. 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 ($l00, 600. OO).
All stock must be paid for in money, services
rendered to the corporation, in property
transferred to the corporation.
ARTICLE Iv.-An of the corporate powers
of this corporation shall vest in and be exer-
cised by a Board of Directors, composed of
three go stockholders of this corporation, to
be elected at q 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
(I5) 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
books of the corporation, at least fifteen (l5)
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. C. Miller King, re-
siding at 2S41 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. or
until their successors are duly elected and
qualified with H. c. Miller King as President.
Edward b. Ellis as Vice-President. and F. ].
Keller as Secretary Treasurer. with E. B. Ellis
as chairman of the board.