The herald. [volume] (New Orleans, La.) 1905-1953, 1919-09-04
CHARTER
RALEIGH MOTOR COMPANY, INC.

United States of America. State of Louis
| lana, Parish of Orleans, City of
! New Orleans.
! Re it known. that on this thirticth day
! of the month of July, in the wear one
! thousand, nine hundred and nineteen. be
fore me, Robert Lcgicr, a notary public,
! duly commissioned and qualified i'll and
! for the Parish of Orleans, State of Lou
! isiana, aforesaid, therein residing. and
| in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the persons whose
names are hercuutO subscribed, who de
Clarcd that availing themselves OF the
provisions of the laws of the State Of
Louisiana, and particularly Act No. 26I
of the General Assembly of the State of
Louisiana for the year 1914, they have
cOvenanted and agreed and do, by these
presents, covenant, agree, bind, form and
constitute themselves, well rs such
other persons as may hereafter join or
become associated with them into cor
pOratlOn and body polite in law, for
the objects and purposes and under the
agreements and stipulatiOns following, to
wit:
Article THE name and style of this
corporation shall be the Raleigh Motor
Company, Incorporated, and under that
name it shall have and enjoy all of the
rights, advantages and privileges grant
ed by law to corporations; il shall exist
for period of ninety nine years from
the date hereof; it shall have power and
authority to sue and be sued in its cor
porate name; to make and use a cor
porate seal and the same to break or
alter at pleasure; to hold, receive, pur-
chase, convey, mortgage and hypOthe-
cate property, real, personal and mixed;
to issue bonds, notes and other Obliga-
tiOnS; to have and employ such mana
gers, officers, directors and other employ
ees or agents as the interest and conve-
nience of the corporation may require
or demand, and to make and establish
such bylaws, rules and regulations for
the corporate management and control of
its business and affairs as may be deem
ed necessary and eXpedient.
Article 1.-THE domicile of the said
corporation shall be in the City of New
Orleans, State of Louisiana, but it may
establish and maintain offices and agen-
cies throughout the United States of
America and foreign countries. All cita-
tons and other legal process shall be
served on the president and in his alb
sence on the vice president of the said
corporation. In the absence of the pres
ident and vice president, then said pro-
cess shall be served on the secretary of
the said corporation.
Article III-The objects and purposes
for which this corporation is organized
and the nature of the business to be car
ried on by it are hereby declared to be:
to deal in, buy, sell, at wholesale or
retail, for its own account or for the
account of others, or as agent, broker
or intermediary, automobiles and all
kinds of rolling stock, and all parts and
accessories thereof, and in fact any and
all kinds of merchandise, and generally,
to do and engage in any other business,
undertaking or enterprise connected with,
growing cut of incidental or gcrmane
to any of the objects and purpose here
inabOve set forth or contemplated by
this charter.
Article IV-The capital stock of this
corporation is hereby fixed at the sum
of twenty-five thousand ($25 OOO.OOO) dol
lars, divided into two hundESd and fifty
(25O) shares of the par value of one
hundred tSlO000 dollars each, which
the board of directors, or may be is
sued at not less than par for property
purchased by or services actually rem
dered to the corporation.
The capital stock of this corporation
may be increased to a sum not exceed
100000 dollars.
and non asseSSable No transfer of stock |
shall be binding upon the corporation
unless made upon its books and all GER |
tihcate of stock shall be signed by such |
ofhcerS as may be designated by the |
board of directors.
manner dispose of his stock in this cor !
poratiOn, without having first offered the |
same to the corporation in writing |
through its board of directors, and said |
board of directors shall have the right |
and option to purchase the stock so of |
fered within thirty days. at the book |
value as established by the last inyen-
tory.
Article V-Al the corporate powers of
hn bod In L.,
and control of its business |
and affairs shall be exercised by a board |
of directors composed of five stockhOld-
FRS, which number may be increased to |
not more than fifteen, at the discretion |
Of the board of directors. A majority OF
the directors shall constitute a quorum
Tor the transaction of all business. The |
directors shall be elected annually by |
ballot of the stockholders on the second |
Monday in July of each year. All cleo
tons shall be held under such rules |
and regulations as may be determined |
by the board of directors, but after at |
least fifteen days notice thereof shall |
have been given to each stakeholder. by
notice thereof delivered personally to
each stakeholder, or by depOSting in the
post office properly addressed notice
to each stakeholder. The directors thus |
elected shall continue in office for one |
year or until their successors shall have |
been duly elected and qualified. All |
shall be entitled, in person |
Or by written proxy, to one vote on each |
share of stock owned by him and stand |
ing in his name on the books of the !
corporation. No failure to hold an cleo !
ton shall be regarded as forfeiture |
Of this charter. Any vacancy occurring |
on said board of directors shall be filled |
by remaining directors for the unex- |
pired term. Said board of directors shall |
likewise elect the additional members in |
case they should determine to increase |
the number of the board as hereinabOve |
provided. Said board of directors shall |
at its first meeting, elect from among |
its number, president, one or more vice |
presidents, a secretary and a treasurer. !
1t may combine any two or more of
said offices into one and may even elect |
director. Said board of directors shall !
dismiss such clerks and other employ
ees of the corporation, including the sec
rotary who is not a stakeholder or di !
rector as conditions may justify or the
business of the corporation may require. !
The tenure of office of all employees of
the corporation shall be during the
pleasure of the board of directors.
Article VINO stakeholder shall ever
he held liable or responsible for the |
contracts. faults or debts of this cor |
poration, nor shall any mere infOrmality |
in its organization have the effect of rem |
iering this charter null or of exposing a |
to any liability beyond the !
unpaid balance due on the shares of
stock owned by him.
Article yII-This act of incorporation !