The herald. [volume] (New Orleans, La.) 1905-1953, 1919-01-16
CHARTER
CHARTER OF SINCLAIR MOTOR COM
PANY, INC.

CHARTER OF SINCLAIR MOlOR SOM-
PANY, INC.
United States of America, State Of Louis
lana, Parish Of Orleans. City OF New OT-
leans BE it known, that on this twenty
eighth day OF the month OF December, IN
the year OF our Lord, one thousand. nine
hundred and eighteen, and OF the lndepen-
dence of the United States OF America, the
one hundred and forty-thlrd. Before me-
Arthur John Peters. Notary Public, duly
comm ssloned and qualified, IN and tor me
CITY OF New Orleans, in the PARISH OF VI
leans, and State OF Louisiana. domiclled IN
the said city Parish and State, and IN the
presence of the witnesses hereinafter named
and undersigned; personally came and ap'
peared, the several persons whose names are
bercunto subscribed. all above the full age
OF majority, who severally declared that.
availing themselves OF the provisions OF
Act No. 267 Of 1914. as well as OF the gen
eral laws OF the State OF Louisiana, rela
tive to the organizations Of corporations, they
hereby form themselves into and constitute
4 corporation for the objects and purposes
and under the stipulations hereinafter set
forth
ARTICLE 1.-The name and title of this
corporation is hereby declared to be: SIN
shall be in the City of New Orleans and It
shall have and and enjoy succession and
corporate existence by its corporate name
Tor a period OF ninety nine l99) years from
and after the date hereof. This corporation
shall have power and authority to contract
sue and be sued in its corporate name; to
make and use corporate seal; to hold. re.
ceive. hire and purchase real and personal
property and to sell, mortgage or pledge
the same and 10 borrow money and issue
bonds, notes and other obligations. All
citations or other legal process shall be
served upon the president. and in the event
of his absence or inability to act from any
cause the same shall be served upon the
Secretary of the Corporation.
ARTICLE 1.-THE objects and purposes for
which this corporation is established ana
the nature of the business to be carried on
by it are to be: To manufacture, assemble,
buy, sell export, import, repair and gen
orally deal in internal combustion engines
Of any and all kinds, boats, aircratts; auto
mobiles Aotor trucks motorcycles and tTac-
tors, and machinery. equipment and ap-
pliance. and all apparatus, devices. materials,
supplies, parts accessories and tools, used or
useful in connection Herewith. 10 apply
for obtain, register. purchase, lease or other
wise acquire, and to hold own, use. develop,
operate and introduce, and to sell, assign
grant licenses territorial rights in respect
to- or otherwise to turn to account or dis
pose of. any copyrights, trade marks, trade
names, brands, labels, patent rights, letter
patent of the United States, or OF any other
country or government. or Inventions, I'M
provements and processes, whether used IN
connection with secured under letter pat
ent orr otherwise.
ARTICLE III.-The capital stock of this
corporation is hereby fixed at the sum OF
one hundred thousand (Sl000O.0D dollars
divided into and represented by One Thou
sand $1,000 shares of common stock OF the
par value of one hundred $4,000 dollars
each The capital stock may be increased &c
the sun, of One Hundred and Fifty Thousand
| (Sl5GOOOOO Dollars. Said stock shall be
paid for in installments of such amounts ant
at such times as the board of directors may
determine. but any part or parcel OF saic
stock NAV be issued by said Board of Direc
tors at not less than par in payment of la
| Dor done, services rendered property &C
| tualy received by said corporation. The
| said stock shall be transferable on the
books of the Corporation. subject to sucf
rules and regulations as the board OF Dl
| rectors. may adopt
| ARTICLE IV.-All the corporate powers O
| this corporation shall be vested in and ex
| ercised by board of Seven % directors, Il
| be composed of stockholders, a majority o
| whom shall constitute a quorum for l,it
| trans alton OF any business. The Board 40
| Directors shall be vested with full power snC
| authority TO make all contracts, purchases anC
sales. and adopt all bylaws, rules anC
| regulations for the government and affair
| of the Company, and alter, mend and chang
| the same at pleasure; appoint, hire and dis
charge. all officers, agents and employees
| fix all salaries and generally to do and per
| form all things necessary in the transac
ton of the business and affairs of the Com
pany. Any vacancy occurring in said Boar
shall be filled by the remaining director
in the manner provided for in the bylaws
The first Board of Directors of this CorpO
ration shall consist of Alfred c. Sinclair
Dr. Frank II. Hardenstein; Francis
Semmes; David c. Loker. Van Buren, Harris
w. L. Halsey, and Lutcher Sinclair, VIII
| shall hold office until the second Tuesday i
| January, 1920 and until their successors ar
| duly elected and qualified. On the secon
Tuesday of January, 1920. and annual
thereafter, an election for directors shall b
| held at the office of the Company, unde
| the supervision of two commissioners to b
appointed by the Board OF Directors. an
| the Directors then elected, shall take thei
seats Immediately and shall hold office unit
their successors are duly elected and quail
fled Each board shall elect its own officer
and shall consist of President, Vice-Presi
| dent, Secretary and Treasurer All corpo
rate elections shall be by ballot, and ma
| jority of the votes cast shall elect and a
all stockholders meetings. held for any pun
pose. each share of stock shall be entitle
TO one vote, either by person or by proxy
by the person in whose name same is res
istered on the books of the Company. Writ
ten notice of stockholders meetings shall b
| given to each stockhoder by the Secretar
at least fifteen days prior to elections b
mailing same, postage prepaid, to his las
| ,nown address ANY Director absent froI
| he City OF New Orleans. or unable to al
tend meetings of the Board of Director:
| 'ay give his written proxy to any othe
| Director. and said proxy shall be voted j
| accordance with written instructions of tn
| rector granting same.
| ARTICLE V.-This act of incorporatio
may be changed. altered or modified tn
| Corporation may be dissolved in any manne
| prescribed by law; or with the consent c
| three fourths 90 of the stock present q
represented at a general meeting of tn