The herald. [volume] (New Orleans, La.) 1905-1953, 1919-08-14

Ihlteu states OF America. State of Louis
| lana, Parish of Orleans CITY of
New Orleans.
| BE it known, that on this thfrtieth day
| or the month of July, in the year one
thousand, nine hundred and nineteen, be.
fore me, Robert Legier notary public
| duly commissioned and qualified in 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 hereuuto subscribed, who de
clared that availing themselves of the
provisions of the laws of the State OF
Louisiana, and particularly Act No. 2G1
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 as such
other persons as may hereafter Join or
become associated with them into a cor
poration 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; it shall exist
for period of ninety nine years from
the date hereof; it shall have power and
authority to sue and be sued i'll 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-
lions; to have and employ such mana
gers, officers, directors and other employ
ees or agents as the interest and cOnve-
mence 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 eta
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
ldent 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 out of incidental or germane
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, 900. OOO) dol
lars, divided into two hundred and fifty
t250l shares of the par value of one
hundred (s1O0OO dollars each, which
shall be paid for in cash on the call OF
the board of directors, or NAV 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
ing two hundred and fifty thousand 1885,
100000 dollars.
All shares of stock shall be full paid
and non -assessable. No transfer of stock
unless made upon its books and all GER
lncate OF stock shall be signed by such
ofhcers as may be designated by the
board of directors.
No stockholders shall sell or in any
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 |
ind option to purchase the stock so Of |
cred within thirty days, at the book |
'alue as established by the last inven- |
DRY.
Article V-All the corporate powers of |
his company shall be vested in and the |
and control of its business
ND affairs shall be exercised by board |
" directors composed of five stOckhold-
RS, which number may be increased to |
Tot more than fifteen, at the discretion
4 the board of directors. A majority of
or the transaction of all business. The
directors shall be elected annually by
allot of the stockholders on the second
ionday in July of each year. All cleo
ions shall be held under such rules
nd regulations as may be determined
" the board of directors, but after at
east fifteen days notice thereof shall
ave been given to each stakeholder by
office thereof delivered personally to
ach stakeholder, or by depositing in the
ost office properly addressed, a notice
D each stakeholder. The directors thus
lected shall continue in office for one
ear or until their successors shall have
cen duly elected and qualified. All
tockholders shall be entitled in person
r by written proxy, to one vote on each
hare of stock owned by him and stand
ig In his name on the books of the
orporation. No failure to hold an cleo
on shall be regarded as forfeiture
this charter. Any vacancy occurring
n said board of directors shall be filled
Y remaining directors for the unex-
ired term. Said board of directors shall
kewise elect the additional members in
ase they should determine to increase
lie number Of the board as hereinabove
rovided. Said board of directors shall,
its first meeting, elect from among
secretary and a treasurer.
may combine any two or more of
lid Offices into one and may even elect
secretary who is not stakeholder or
irector. Said board of directors shall
ave the right and power to appoint and
ismiss such clerks and other employ +;
IS of the corporation, including the sec
.tary who is not a stakeholder or di- I
ector as conditions may justify or the :
he tenure of office of all employees Of :
lie corporation shall be during the
leasure of the board Of directors.
Article VINO stakeholder shall ever |
e held liable or responsible for the I
faults or debts of this cor ! /
Dration. nor shall any mere informality {
its organization have the effect of rem ,
ering this charter null or of exposing a Z
ockholder to any liability beyond the G
lpaid balance due on the shares of I
ock owned by him. i
Article yII-This act of incorporation
ay be changed. modified or altered by
vote of twO-thirds of the persons owning @
fol Of | 0