The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-30
CHARTER.
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 are hereunto sub
scribed. who, In the presence of the witnesses
hereinafter named and undersigned, each and
al declared that, availing themselves of the
laws Of the State of Louisiana on the subject
Of the incorporation of corporations, and espe-
eialy Of Act NJ 267 of 1914, they have organ
hed. and do by these presents organize and
constitute themselves, as well as all other per-
sons who may hereafter become associated
with them, into q corporation and body polite
m law. to enjoy corporate existence during
period Of ninety-nine (s9) years after this
date unless sooner dissolved, and under the
following stipulations, which they hereby
aoopt a. their articles of Incorporation, or
charter. to-wit:
ARTICLE 1.-The name of this corporation
shall be "King Motor Co., Inc.," and its domi-
Gle q hereby declared to be in the City of
new Orleans. State of Louisiana, and all cita-
Mons or other legal process shall be served on
Secretary.
ARTICLE 1.-THE objects and purposes of
tnis corporation, and the nature of the BUSH
ness TO be carried on by it, are hereby de-
e.rsd to be as follows: To manufacture. buy,
81. import. export and generally deal in,
Vpefate and let for hire, all kinds of automo-
hies trucks and tractors and all parts and
sosessories thereof; to build. maintain, rent
sna operate buildings. storage houses, and
Ages Tor the storing, caring for and keep
y, ~ ior hire therein of all kinds of automo-
a'es OF motor vehicles; to acquire the good
~ rights and property and to undertake the
noe or any part of the liabilities of any per-
~ OF corporation, and to pay for the same in
- ssock or securities of this corporation ;
IVY, seii or generally to deal in tires for
sssomooiies; to take, acquire, purchase, own,
~ sease. sell. exchange and mortgage or
erwise develop or deal in any and all prop
~ TAI and personal, of every description,
1snG separate from or which may be Incl
~ a1a % any of the business herein; to man.
su re deal in. buy and sell compressed air,
ans and any other thing useful for or
- motor power for vehicles to buy, sell
- oeal In all kinds of commercial parer,
rxages. notes. stocks and bonds. and to
IsSe ana hypothecate automobiles of every
r..1 on' with full power to borrow or lend
q ~ secured by mortgage or otherwise; to
= ana everything necessary, convenient
- uOper for the accomplishment of any of
- PURPOSES herein stated. and to do same
- Stnin or without the State of Louis
.AkrICLE m.-The capital stock of this
sncn 10 hereby fixed at the sum of
49, thousand (s2O. .00) dollars, divided
sS,saM 70 hundred (20o) shares of one hundred
49, collars each; one hundred (I00) OF
s1s. s snrss shall be preferred stock, class
-. my. my tsol shares shall be preferred stock
- And fifty (50) shares shall be com.
,ptis,.s 49,. All of the preferred stock shall b.
env TO annual dividends at the rats
NM snt per annum. which shall be cumu
@.. snd all of the preferred stock to b,
- sass' except that the preferred stock
- issued and outstanding, shall pro
III and be paid annually, and wiici
inms ~ cumulative: the first three thousant
collars of the net profits as shown
OsA..-sde at the end of each fiscal year
hrts.- ~ ths preferred stock shall have n,
sSrs.m ssrsst in the assets or profits of tn
I n - Inc preferred stock, class "B'', o
usrsof. may be retired by the Boar,
= ts three ts) months from the date o
nosfs - or At the end of any succeeding
~ -, pon the payment to the holder tn
~ n oniy and all dividends due to tn
+ - psment. The stock may be increase
An - saoAdrsd thousand dollars (sIo0 O0O. 0Ol
49, must be paid for in money, service
t.,.s. % the corporation, or in propert
AHT@rv 70 the corporation.
& o. iv.-An Of the corporate power
otssion shall vest in and be exc