The herald., 1919-05-08
CHARTER.
r.pN AND INDUSTRIAL
<,arER o. ,rNENT CO.. INC.

~ CITY :. twentieth (Nthl A'i 81 % o~e
q, March I in the year 81 I,C C.- l,gi@.
- q Ne hundred ana 1' w.. p',Li,r
ss;sad Charles J. Rive, o,., d i, and
| IN %, i,,ioned ana 49, $50 .. Louis.
ss Parish of Orleans i IN he witnesses
.nd IN u and undersig1e person
| y,ssiisf hS 10 snpeared the severe. ,'s"i'7
4, ars anu aye hercunto s-H-,.ile.., VINO
| ", names 'ayaiIirg themselves % the
s,rd ina, laws OF the SAT-. ". LOUIS
S1,Ous Of '.o the Formation 81 corpora
~ rlative 70 o.a,yticularly Of act - 81
9. spd more Nv Of the Stat o. LOUIS
I. rkrsfsl A's ss Iql4. they have coveoaaled
me dn by these presents cove
greed SJ hind themselves. as VII
sCee anu s-sons as may hereafter be,
uA one ai,h them. 10 constitute ana
=, sssOea.eS., and body polite n law
eofpol.s and purposes and under the
be cols .. and stipulations following TO-
Tn. name and title OF this
l1lCLs ,s,u be Farm and lndnstri al
ScsptOn ~ Inc, ana ~ mat corporate
hasneni. !, have and enjoy succession iGi
% "a n;nety.nine (99) years and SnalI
700 =. authorities generally vested IN
br " ~ pnder the law, ana, more pa,
fc1n0p;, nall be authorize 20 eoil'' az
nsig !. sued; to make ana use hInda s snJ
. 90 ..I. 10 make and issue po"us anu
gsr borrow and lend InoIey, 10 aC
fe',moerty by grant, giIs, p1' &c. oi.a las
nntsi, o,onerty in any OF IT'S forms;
rsnsle rsnts. clerks, superintendent
rpT s,SIoyees as the interest OF the
4 elhr einp' s.cr;re. 10 make bylaws,
s<5aT nsy .,i,,;ons for the management OF
~ 900 I'd TO possess all the powers
hsbs,, ;,t.nded to be granted 10 cor
1tsd s9a General, and in order TO carry
ssrsh' .t y and purposes OF ITS organI-
sss,cr 1.-THE domicile Of this cor
IlhLs ~ Re in the City of New Or
rsr', ~" If Orleans, State Of Louisiana,
s's fn .'s;ons or other legal process snail
u u si'. mon It's President, or in his alb
y ru he Vice-President.
cs-, w III.-The objects. and purposes
Nihth his corporation is formed and the
y S1si re business to be carried on by
pSf y Nv declared to be: To buy, sell,
IN ,,,c,ee. store, repair, manufacture
Ne a.,;se deal in tractors, trucks, motor
q am implements OF all descriptions
~, oarts, equipments, accessories ana
r....nces; to operate garages 10 ouy
III gasoline. kerosene, ana an xmas
s,sases and the like. To engage IN
s.dness capable Of being CONVENIENTLY
~ an in connection witn me foregoing
..i,ul,tsd. directly or indirectly 70 en-
H'Ia v,lue or render more profitable
pa =. nroperty or rights and interests
~. .o,ooration. And generally, to do
~ III things appertaining to, growing
l, any way related to the nature
.i,,ssaid objects and purposes.
,Vr,GE W.zThe capital stock OF this
M Il heSby fixed az the sum of
s,a' Tsaasaud Dollars (ssO,OO00O), divided
fN u ,,snresented by five thousand $4,000
~ ~ mar value of ten dollars $1,000
~ s.d five thousand shares, twenty
l-.a,.d shares amounting TO twenty
.s,m.snd dollars (S25,OOO.OO) shall be
- sock: and the other twenty-five |
800 sbares amounting to twenty-five |
80 dollars (S2sOO00O) shall be com
= nj, The holders of the preferred
a ,hall be entitled to receive, when and
Lt,Ad from the surplus or net pro
I, 4 The corporation, yearly dividends at
4, nj. Of twelve per centum per annum,
.r,ble monthly, or quarterly, or yearly as
!, B0,fd Of Directors may decide. The |
E4,oas on the peferred stock shall be |
-rI,iye. and shall be payable before |
= Dividend on the common stock shall be |
"A q, vet apart; so that, If in any year
srdeuds amounting to twelve per centum |
ID not have been paid on said preferred
~ Ne deficiency shall be payable before |
4, dividends shall be paid on or set apart |
!, A, common stock. Whenever all cumula- |
~ dividends on the preferred stock for
r,voas years shall have been declared, |
Il Ssn have become payable, and the ac-
m dividends for the current year shall |
I've been declared and the company shall |
i've Md such cumulative dividends for |
r,ssus years, and such accrued dividends, |
sal have set aside from its surplus or |
I rufs sum sufficient for the payment |
MD, tie Board OF Directors may declare |
frd.nds on the common stock, payable then |
n Fefedter, out Of any remaining surplus |
sm profits. In the event of any liqui |
iir o. dissolution or winding up (whether |
tlrary Or Involuntary of the corporation. |
Il hlders Of the preferred stock shall be
stah to be paid and receive, in full, |
VI be par amount of their shares and the |
Hn dividends accrued thereon, the re-
aarg assets and funds shall be divided |
\ psld to the holders of the common stock
rpwtcnately, according to their respec-
N shares The capital stock of this cor
Euhoa may be increased to One Hundred
hus,nd Dollars (Sl000O00Q). No transfer
3. stock OF this corporation shall be ad-
std Or held valid or binding, so far as |
urpOrstion is concerned, unless made
~ is books. This corporation may,
p hereby reserves the right to purchase,
M. retire and cancel any and all or all |
nt hen outstanding preferred stock of
vpmation at any time after January
W. IN such amounts from time to time
q such manner as the Board OF Direc-
nay determine, by paying TO the re-
Flf holders OF the stock so retired, or
,fosiiing to the order of said holders
l' Office OF this corporation, a sum or
- equal to the par value of the preferred
retired plus five per cent of the
~ hereof, together with all accumulated
lpaid dividends thereon, if any. In
such deposit written notice thereof
hHnEith be given to the respective
- the stock so retired. redeemed,
axf or cancelled, by mailing such
~ such holders at their last known
business or residence, and as if
N.Y. ne corporate records.
MALL V-No stakeholder shall ever
90 personally liable for the faults or
this corporation in any fur
n man the unpaid balance due to
sI suon on the. shares Of stock owned
nsTsesd for by him, nor shall any
mentality in this act of Incorporation
- eject Of rendering it null, or of
49, any stakeholder to any personal
"a osycnd the unpaid balance due for
NL vl.-All the corporate powers of
1910 on, not reserved by law to the
shall be vested in and exer.
=, z Board Of Directors to be COM
, y aoi less than three nor more than
49, l0lders holding common stock;
49, - " " sad directors shall constitute a
M Transact business. The directors
s.. e'ss'ed annually by ballot by the
ks,S NC common stock, at a meeting
~, y. I that purpose after fifteen DAYS
ee each stakeholder mailed
u,ss. ~ address shown on the books of
4, : nsa Walton. The preferred stock shall
n souns power. SUN ''iai'
II ,rsea '1rs AZ their first meeting and at
A;' meeting thereafter shall elect
~ lumber a President, a Vice. Presi-
af;ss named offices, however, NAV he
NJ . the pleasure of the Board The
ii ! tsuns for the election of directors
n aa on the third Tuesday in
Zach year, and unit, ,Se ns..;nn
u $40 the foIIo,,;, - e'l"e