The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-08
CHARTER OF tIBERT MOTOR CAR
COMPANY, INCORPOR ATED.

United States of America, State of
Louisiana. Parish of orleans. BE il
known. that on this first day of June,
in the year of our Lord one thousand.
nine hundred and twenty. before me.
Francis L. Burns. a notary public in
and for the Parish of Orleans. stat,
~ Louisiana, duly commissioned ano .
qualified. and in the presence of the
undersigned witnesses, personally came
and appeared. the several persons
whose names are hereinafter sub
scribcd, of the fun age of majority, /
who declared to me that availing them
selves of the laws of this state rela-
tive to the organization OF corpora
tiOnS. and more especially of Act 26t /.
of 1914. page I2l. Of the legislative /
acts of this state. they have covenant /
ed and agreed. and by these presents .
do covenant and agree for themselves .
and their successors and assigns to 4
form themselves into a corporation and +
body polite for the objects and hur- |.
ro>.> and under the sipulations here .
iuaI,er set forth. tO-wit.
ARTICLE THE name and title of /
this corporation shall he hubert Motor /
car Company, Inc. and under such !
tide II shall nave and ENJOY succession .
for a period of ninety-nine years from |
dat" hereof and shall have power and !
authority Ia contract, sue and be sued. l
make and use corporate seal, the
same to break and alter at pleasure. I
to hold, sell. lease, mortgage, hypOthe-
cate or pledge property, real. personal
or mixed, necessary, Incidental or
proper for the carrying on Of its bust
ness to buy and to hold stock in any
| other company or companies that may
! assist this company in its objects and
purposes; to make and issue notes and
certificates of indebtedness, name, elect
and appoint managers, directors and
clerks or other employees TO properly
! conduct its corporate business and to
make such bylaws, rules and reGula-
| tionS a. may be found necessary OF
| desirable for the mana cement and bus
/ mess affairs of this corporation, and
/ generally to do every other act, mat
ter or thing necessary for the COM
plete and proper carrying out OF said
| ARTICLE 1.-THE domicile of this
| corporation shall he in the City Of New
. Orleans. Parish of Orleans, State OF
/ Louisiana, where all citation and other
I process shall he served upon the pres
ident, or in the absence of the preSi-
/ dent, upon the vice-preSdent, or in
! the absence OF both, upon the Secre-
! tary.
ARTICLE III.--Trir OBJECTS and pur-
poses of this corporation are hereby
declared and stated to be: To buy, sell,
lease, repair and generally deal in au-
tomobileS, motor boats. other motor
driven vehicles, BICYCLES, aeroplaneS
dirCibles balloons and other motor
propelled air craft, and automobile,
motor boat, bicycle. aeroplane and 9TH
er motor propelled air craft supplies.
and all other business incidental to the
retail and wholesale automobile, motor
boat, bicycle and air craft business
to promote and assist financially any
person, firm or corporation engaged in
the business of selling automobiles.
motor boats and other motor driven
surface ana ar vehicles, at retail or
wholesale. This corporation shall have
the power and authority to carry out
any and all of the aforesaid objects
and purposes in the. states Of Louis
lana and Mississippi, and any other
state of the United States in which
this corporation may see fit to do bust
ness. And generally to do any and
all other acts and exercise any and
all other powers necessary or proper
to attain and further any of the fore
going objects and purposes.
ARTICLE IV.-The capital stock of
this corporation is hereby fixed at the
sum of Ten Thousand SlO,OOO.OO) Dol
lars: divided into one hundred shares
OF the par value of one hundred ($lOO)
dollars each, provided that the amount
to which the capital stock of this
corporation may be increased shall
$3.50. 200. O0) dollars. Fifty per cent of
the capital stock of this corporation
must be subscribed for before the fill
ing Of the articles of incorporation.
The subscribed capital stock of this
corporation shall be payable in cash.
property, real or personal, or for ser
stakeholder shall ever be held liable
or responsible for the faults, contracts
or debts of this corporation in any
further sum than the unpaid balance
due the corporation on the shares of
stock subscribed for by him, nor shall
any mere informality in the organiZa-
llOn nave the erect OF TtDueIluS lnlS
charter null or of exposing any share
holder to any liability whatsoever.
This corporation shall not engage in
business until five thousand $4,000 0)
dollars of the capital stock shall have
been issued and actually paid in,
either in cash. property or services as
aforesaid. If any of the stock of this
corporation is exchanged, in whole or
in part for property or good Will, in
that event the provisions of section )
of Act 267 of 1914 shall be strictly
complied with.
ARTICLE N.--All the corporate pow
ers of this corporation shall be vest
ed in and exercised by a board of di-
rectors composed of three 90 stock
holders, each of them shall own, in
his own right, during his term of of
flee, at least one full-paid and unpledg-
ed share of the capital stock, which
shall be shown by his written declara-
ton, two (2) of whom shall consti-
tute a quorum for the transaction of
business. The officers of this corpor-
alton shall consist of a president, vice.
president and secretary-treasurer, all
of whom shall be members of the board
of directors. The following named per-
sons shall constitute the Board of Di-