The herald., 1919-10-02
CHARTERS.

! cie is hereby declared to be in the City o
/ New Orleans, State of Louisiana, and all cita
tions or other legal process shall be served oil
the President, and, in his absence, on tn
Secretary.
ARTICLE 1.-THE objects and purposes o
this corporation, and the nature OF the busi
/ ness TO be carried on by IT, are hereby de
| clared to be as follows: To manufacture, buy
sell, import, export and generally deal in
operate and let for hire, all kinds of automo
bIIes trucks and tractors and all parts anC
accessories thereof to build, maintain, rem
and operate buildings, storage houses, anC
garages, for the storing, caring for and keep
ing Tor hire therein OF all kinds of automo
biles or motor vehicles; to acquire the goo,
will, rights and property and to undertake tn,
whole or any part of the liabilities OF any per
son or corporation. and to pay for the same il
cash, stock or securities of this corporation
70 buy, sell or generally to deal in tires fol
automobiles to take, acquire, purchase, own
rent, lease, sell, exchange and mortgage OIL
otherwise develop or deal IN any ana all prop
erty, real and personal, of every description
either separate from or which may be lncl
dental to any of the business herein to man.
utacture, deal in, buy and sell compressed air
gasoline and any other thing useful Tor OF
used as motor power for vehicles to buy, Sc.
and deal in all kinds of commercial paper
mortgages notes, stocks and bonds, and to
mortgage and hypothecate automobiles of every
description, with full power to borrow or lenu
money, secured by mortgage or otherwise; t.
DO all and everything necessary, convenient
or proper for the accomplishment OF any OF
Inc purposes herein sLa,vI, ana 10 do same
either within or without the State OF Louis
lana.
ARTICLE III.-The capital stock of this
corporation Is hereby fixed at the sum oI
twenty thousand (SZO.0OO.O0) dollars. divided
into two hundred C2OO) shares of one hundred
(SlUO.UU) dollars each one hundred (IOUD "a
,Ubi hal he
"A" fifty (5O) SHARES shall be preferred stock,
class ''B', and fifty (5O) shares shall be COM
mon stock. All of the preferred stock snail be
entitled only to annual dividends at the rate
of per cent per annum, which shall be cumu-
lative. and all of the preferred stock to be
non-voting, except that the preferred stock,
class "A. issued and outstanding, snail pro-
rate, receive and be paid annually. and winch
shall be cumulative the first three thousand
(S3, 100000 dolIars OF the net profits as shown
to be made at the end of each fiscal year
Otherwise the preferred stock shall have no
further interest in the assets or profits OF the
company. The preferred stock, class b. or
any part thereof, may be retired by the Board
of Directors three 80 months from the date o.
its issuance. or at the end of any succeeding
month, upon the payment to the holder the
par value only and all dividends due to the
date oil payment. The stock may be increased
to one hundred thousand dollars (Sl00,0O0.UO).
All stock must be paid for in money, services
transferred to the corporation
ARTICLE IV.-An of the corporate powers
of TINS corporation shall vest in and be exer-
cised by Board of Directors, composed OF
three go stockholders OF TINS corporation, To
be elected at a meeting of the stakeholder
held for that purpose. at the domIclle OF the
company, on the second Tuesday of October OF
each year beginning with the second Tuesday
of October 1920, notice of which meeting shan
be given to each stakeholder at least fifteen
Q5) days prior to each meeting, either per-
sonaly or by depositing said notice in the post
office properly addressed to the last known
address of each stakeholder, shown by the
books of the corporation, at least fifteen (loJ
days before such meeting.
The first Board of Directors of this corpora
ton is hereby declared to be composed OF
Edward b. Ellis, residing at 2727 st. Charles
Avenue. New Orleans; Ii. c. Miller King, re-
siding at 2S4l Chestnut Street, New Orleans,
and Francis J. Keller, residing at 1926 Sixth
Street, New Orleans, and they shall hold office
until the second Tuesday of October, 1920, or
until their successors are duly elected and
qualified; with H. c. Miller King as President,
Edward b. Ellis as Vice-President, and +. J.
Keller as Secretary-Treasurer, with +. B. Ellis
as chairman of the board.
The Board of Directors shall. Immediately
after their election and qualification for office,
select from among their number President,
a Vice-President, and a Secretary-Treasurer,
might be held by the same person. M. C.
Carter is selected as Assistant Secretary-Treas-
urer.
At such election of directors, each common
stakeholder shall be entitled to cast %
vote for each share of stock owned by him,
either IN person or by written proxy, but
voting shall not be cumulative.
ANY vacancies occurring said board shall
be filled by the remaining members at any
regular meeting, or at any meeting called for
that purpose by the President or, in his abb
,ence, by the Vice-President.
The said Board of Directors shall have power
70 appoint agents and employees for this cor
poration, or to remove the same at pleasure, |
and they shall also have the power to fill an |
vacancies in their number and shall make
such bylaws from time to time and amen. |
he same they may deem expedient.
ARTICLE V.-This corporation may begin |
business at once, the necessary amount of stock |
being subscribed for herein.
ARTICLE VI-This charter may be amend |
ID, the capital stock thereof increased or de- |
creased, or this corporation dissolved, in ac-
cordance with the provisions of Act 267 of the |
Legislature of Louisiana for the year 1914.
Thus done and signed in my office at New
Orleans. Louisiana, in the presence of Florence |
and Eva Schew, competent witnesses. |
On the twenty-second day of September, 1919. |
after due reading of the whole. the subscribers |
20 this corporation hereby affxing their names |
and the amount of stock respectively SUBJ
jcribed for by them, and hereby declare this |
o constitute their subscription list.
Names of subscribers omitted)
EDWARD b. ELLIS,
Notary Public.
l. the undersigned Recorder of Mortgages.
in and for the Parish of Orleans, State of |
Louisiana, do hereby certify that the above |
and foregoing Act of Incorporation of the |
King Motor Co., Inc.," was this day duly re-
corded in my office in Book 1881, folio -.
New Orleans. La-,...............-...~.., 1919.
A true copy:
EDWARD B. ELLIS
Notary Public.
Oct 2-Q=lH=02- 90 Nrr