The herald., 1919-03-20
CHARTER

aforesaid, and in the presence of the wit
nesses hereinafter named and unders signed
personally came and appeared; the several
persons whose names are hereunto sub
scribed who severally declared that avail
ing themselves of the laws of the State of
Louisiana, relative to the organization of
corporations, and particularly of Act No. 267
of 1914 of the General Assembly of the State
| of Louisiana, they do by these presents,
| for themselves and their associates, success
sors and assigns form themselves into a
corporation and body polite in law, for the
objects and purposes and under the articles
and stipulations hereinafter set forth, to-
wit.
ARTICLE I.-Th name OF this corporation
shall be the More-Mileage Rubber Sales
Company, Incorporated, and under that
name, it shall have and enjoy corporate
existence for a period of ninety-nine years,
unless sooner dissolved, in accordance with
the provisions hereinafter set forth. and
shall have and enjoy all rights, privileges
and immunties granted by law to corpora
tons; and under its corporate name it shall
have power and authority to contract, sue
and be sued, to make and use corporate
seal, and the same to change, alter or
destroy, at pleasure; to purchase, hold, re-
ceive, hypothecate, convey, sell, lease,
pledge or mortgage real and personal prop
erty, to borrow and loan money; to issue
negotiable bonds and notes or other evil
dences of debt; to have and employ such
managers O1IlcerS, agents ana Otner employees
as its interests may require; and to make
and establish such bylaws, rules and regu-
lations for the proper management and con-
troll of the affairs of the corporation as may
be deemed Necessary by the Board OF Direc-
tors; and the same to alter and amend at
pleasure.
ARTICLE H.-The domicile of said cor
poraton shall be in the City of New Or
leans, State of Louisiana, and all citation
or other legal process shall be served upon
rhe President and in his absence or inability
to act upon the Secretary and Treasurer.
ARTICLE III.-The objects and purposes
of this corporation and the nature of the
business to be carried on by it are hereby
declared to be; to operate and maintain au-
tomobile service stations, to repair, over
haul, and complete automobiles; to deal in,
buy, sell, and furnish all automobile parts,
accessories, tools and ncidentals, including
oils and gasoline; to operate and MAINTAIN
garages; to buy, sell, rent, lease, store and
hire automobiles; to lease,rent, purchase and
maintain such buildings and premises as
may be necessary for the carrying on of its
said business; to act as agents for manufac-
turers of automobiles and automobile sup
plies and incidentals and to do and carry
on a general automobile business and gener-
ally to do and perform any and all things
in any way necessary or incidental to the
business hereinafter described.
ARTICLE IV.-The capital stock of this
corporation is hereby fixed at Five Thousand
Dollars (S5,OOOOO), to be represented Dy r1ty
$50 shares of the par value of One Hundred
Dollars $4,000 each; and Four Thousand
Dollars OF said stock shall be subscribed
fcr before the corporation shall be gong
concern and commence business. And this
corporation shall hare the right. according
to law, to increase its said capital stock up
TO Seventy-five Thousand Dollars (7500OO).
All shares of stock shall be paid for in cash,
property received or labor services per-
formed, and must be fully paid before the
Il aNd
same shall be worcestershire. Said stock
shall be represented by stock certificates.
transferable only on the books of the cor
poration, on surrender of the outstanding
certificates proof of its loss. and under
such rules as the Board of Directors may
prescribe.
ARTICLE V-The business Of this corpo-
ration and its corporate powers shall he con-
Quoted by and vested in a Board Of Direc-
tors. composed of three stockholders. who
shall be elected by n majority Of the stock
at the annual meeting. which shall be held
on the First Wednesday of March of each
wear In the event that said day shall fall
on a dies non. then the said meeting and
election shall be held the next following
judicial dav. Elections of directors and
meetings of stockholders shall be held at
the domcie of the corporation after At
least ten COZ days notice in writing shall
have been given to each stockholder by mail
according to law. Each stakeholder shall
be entitled 10 one vote ior edCH s.dte Vi
stock owned by him, said vote TO be cast
either in person or by written proxy. &C.
cording 70 law, and under such rules as the
BOARD of Directors shall designate. Two
~ members of the Board Of Directors shall
constitute a quorum for the transaction Of
business. The Board of Directors shall
elect from its number President. Vice
President and a Secretary and Treasurer at
its first meeting after its election. and any
or all of said office may be consolidated
Arv vacancy occurring among the Board OF
Directors or officers shall be fille& by the
said BOARD Of Directors Until The first
Wednesday in March 1927. the following
shaIl he and constitute the Board Of Di-
-ectors. viz: A. c. Lowther. SO R9ronne
Sweet. New Orleans. Louisiana: G: T. Jaw.
s,7 g.. To-,;s St, New Orleans. Louisiana.
and L. McMains 57 St. Louis Street, New