The herald., 1920-09-09
BI-sTATE MOTOR COMPANY. MOOR
PORATED.

iSiana, Parish or Orleans. CITY OF New
| orleans. BE 1t known that on this sec
ond day OF the month OF August in the
| year or our Lord one thousand nine hun
] dred and twenty and of the Independence
/ Of the United States of America the one
| hundred and forty fifth, before me- Isaac
>. Heller Notary Public. duly commits
/ stoned and qualified in and for the Parish
! OF Orleans, State of Louisiana aforesaid
| therein residing, and in the presence of
| the witnesses hereinafter named and
undersigned, personally came and appear
ed the several persons whose names are
hereuntO subscribed all of full age, who
severally declared unto me- Notary. that
| awaiting themselves of the provisions of
the Laws of the State OF Louisiana. they
have mutually agreed and contracted. and
do by these presents covenant and agree
and bind themselves. their heirs and as
signs, and all persons who may hereafter
become associated with them herein. to
form a corporation under the name and
for the objects and purposes. and tndrr
the terms. stipulatiOns and provisions
contained in the following articles, to-wit:
Name.
ARTICLE THE name of this Cor
poratiOn shall be 'BI-STATE MOTOR
COMPANY. INCoRPORATED". 1t shall
have and enjoy succession and existence
for a period of ninety nine years from
the date hereof.
Objects and Purposes.
ARTICLE 1.-THE objects aud purposes
for which this corporation is organized
and the nature of the business to be car
ried on by il are hereby declared to be as
follows:
To engage in the automobile business:
to buy, sell, lease. store and repair auto
mobiles ana MOTOR vehicles of all descrip-
tiOns. auto gas engines. auto trucks.
whether as agent or principal; to deal in
all kinds of automobiles and automobile,
supplies, vulcanizing and repair plants Of
ever description; to buy. lease or acquire
such material and maintain such property
as may he necessary or proper to carry
on such automobile business in all of its
branches including the erection and main
tenance Of plants. machinery, garage; and
generally to do all things. needful, neceS-
sary or proper pertaining or incident TO
such automobile business, including the
purchase and sale. or the lease of real
property, the issuing Of mortgage notes
and other evidences Of debt, and the max
ing of all manner or contracts necessary
or proper to the carrying on of the auto
mobile business.
Capital Stock.
ARTICLE III.-The capital stock of this
cOrporat-on Is nereJy liked At the sum
Of FORTY THOUSAND (siOOOOU) DOL
LARS. to be represented by Four Hun
dred 400 Shares OF the par value
ONE HUNDRED (SlO0O0) DOLLARS
each. All Of the stock shall be common
stock. Save as hereinafter provided no
share of interest in this Company shall at
any time be transferred to any person. No
stakeholder shall have the right to assign
or transfer any share or shares of stock
held by MIN without ne Snall 1lrst nave
offered in writing to. the Board of Direc-
tors to sell the said stock at its then
book value, and the Board of Directors
shall have a delay of fifteen days within
which to purchase said stock or any part
thereof. All shares of stock so acquired
may be reissued ct not less than their par
value.
Limit OF Capital.
ARTICLE IE.-The capital stock of
this corporation may be increased. in
accordance with law, to the sum of TWO
HUNDRED THOUSAND (S2oO,OOO.OOj
DOLLARS.
ARTICLE V.-The corporate powers of
this Corporation shall be in Board
of Directors, to be composed of four
persons to be elected annually on the
first Monday of January, the direct
Ors so elected to serve until their
successors shall be elected and qualified.
No stakeholder of this corporation shall
be eligible to serve as Director unless |
he owns, in his own name, full paid and
unpledge at least two shares of the CAPT |
tai stock of this Corporation.
The names and pOst-office addresses of
the Directors for the first year, who sh'
serve until their successors are elected |
and qualified, are as follows:
V. l.. Pratt, 1217 Peters Avenue. New |
Orleans, La; c. L.. Briggs. 10i Pujo |
Street. Lake Charles, La: Chas. X. Loree, |
$500 Napoleon Avenue. New Orleans, La.
Geo. l.. East, 1917 Peters Avenue New Or
leans, La.
Officers.
ARTICLE NI-The Board of Directors |
shall have the power to make all bylaws, |
rules and regulations necessary or proper |
for the conduct of the business affairs of |
this corporation. They shall elect from |
their number, Immediately after the an |
nual stockholders meeting a President, |
Vice President, and Secretary Treas =
urer. Until the First Monday in January, |
1921, or until their successors shall have
been duly elected and qualified, V. l.. |
Pratt shall be President, Geo. l.. East, |
Vice President, and Chas. r. Loree, Sec
rotary Treasurer.
ARTICLE VII.-The domicile of this
corporation shall be in the City of New |
Orleans, State of Louisiana, where all |
citation and other legal process shall be /
served upon the President and in his alb /
sence upon the Secretary Treasurer.
Stockholders.
ARTICLE VIIl.-This Corporation shall
be operative and a going concern when
two hundred shares of it's capital stock
shall have been subscribed and paid for
to-wit, at the execution of these presents,
and in the manner following, to-wit:
V. L.. Pratt, e. l.. Briggs, Chas. r.
l-oree, Geo. l.. East have each subscribed
Tor fifty. shares of full-paid stock of this
corporation, of the par value of ONE
HUNDRED ($lO0.O0) DOLLARS a share.
making total of two hundred shares with
! par value of TWENTY THOUSAND
S2O,OOOOO) DOLLARS. In cash payment
Tor twenty-five (25) shares each or a total
d one hundred 900 shares the said V.
Pratt. c. l.. Briggs, Chas. r. Loree.
ihd Geo. l.. East have each presently paid
lS2, 500O0) DOLLARS. making a total Of
TEN THOUSAND (SlO OOO on DOITARS |