The herald., 1920-09-23
OF. "NEW ORLEANS TRUCE
AND DRNN AGE COMPANY, INC"

United states of America, stat" Of Lou
i>iaua. Parish OF Orleans. city OF New [
Orleans. l;c il known. That on TINS tWru-
ty-fir>t day of the month of August. III /
the year uf our Lord. one thousand mn" /
hundred and twenty. before me. Frederic |
IT, Ourrcu>. "a Notary Public, duly com /
mi>~iourd aud qualified in and for the
Parish of orleans. State Of Louisiana, /
therein residing. aud i'm the presence OF
the witnesses hereinafter named ana uh. |
d,r>iEued. personally came ana appt1r'u /
Dr Herman \. bennett. Frank W. Harvey. !
pI. NJ Anderson. John y. l.cathem ana /
Jobu Wagner. all OF full age and residents !
of the city of New Orleans. ana all OF
whom declared that awaiting themselves |
of the provisions of the constitution ana
laws OF the State of Louisiana, relative 10
Ih,. formation and conduct of corporations.
and particularly of the provisions "t Act.
No 2tT of the General Assembly OF Louis
lama of the year 1911. and It's amendments
they do hereby form and constitute them
selves. aud such other persons OF age rs
may lawfully become associated Win thelll'
into "A corporation. body polite or stock
company entitled to the benefits OF all
| laws pertaining Ia such bodies. ana Tor
| th, objects and purposes. ana under the
StipulaiiOu~ set forth in tn" following ar
ticlcS which articles shall constitute" the
| charter of the corporation herein formed
ARTICLE 1.-The name and title of the
! corporation hereby formed is declared to
| be-: New ORLEANS Truck and DraNaEe
! Company. Inc" and its domicile shall be-
i'm the city of New Orleans, State of
| Louisiana. at which place all meetings OF
! stock hOldcrS and directors shall be held,
except as otherwise provided by law. Ii
| shall have aud enjoy CorpOrat" existence
and succession under the SAID name Tor
Il period of ninety nine years from and
after the date of this act unless dissolved
otherwise according to law.
ARTICLE 1.-THE objects and purposes
for which this corporation Is formed ana
TN, nature of the business be carried on by
it are hereby declared To be:
To operate automobile trucks and other
vehicles for the purpose of carrying goods.
wares and merchandise, by contract or
/ otherwise. in the Parish OF orleans ana
| in such other Parishes of the State ot
/ ouiSiana rs the nature and extent of Its
business may require.
To erect. construct and maintain sheds
! or warehouses necessary Tor the purpose
! of storing said automobile TRUCKS. sup
/ plies. goods. wares and merchandise.
| To purchase acquire, buy, own, hold
sell. convey, lease, hire, mortgage, pledge
I or otherwise dispose of or cucumber prop
erty both real and personal, convenient
| and incidental. and To contract IN any
/ manner necessary for the prOpe" accom-
pliShment and conduct of the business
hereinafter mentioned and contemplated
ARTICLE IU.-The capital stock of this
corporation is hereby fixed in the sum O
sixty thousand (G0.OO0OO) dollars. divided
I
dred (2iO0l shares of stock of the pai
J { value of twenty five CD dollars each
eighteen hundred O,NOO) of which
said shares of stock shall he com
mon stock and non asScsSaDic, represent
ing total value of fOrty-iNe thousand
(SI5.OO0.O0) dollars, and six hundred 600
| shares of said stock, representing tota
! of fifteen thousand (SlJ,OOO.OJJ dollars
| shall be preferred stock and nOn-Humula
| tive said preferred stock to bear dividend
annually of not less, nor more than cigh
50 per cent. payable out of the net prOht
of the corporation, as hereinafter supI
lated. and which said shares of stool
| shall he paid for before issued in none,
or its equivalent services or labor per
pormed, or property, real personal o
mixed. and actually received by the cor
pOratiOn. and after due appraisal of Valu
by the Board of Directors of the corpora
, ton and acceptance of the Board. sue
valuation shall be conclusive upon the cor
poratiOn, said preferred stock to be re
deemable any time after one % year. a
the discretion of the Board of Directors
| said redemption to be made at par wit
| accrued dividends.
The capital stock Of this corporation
| may. at any time, by compliance with law
| be increased to the sum OF one hundre
| thousand $500 100000 dollars, by the is
| common stock. as the stockholders an
| Board of Directors may designate /
amending these articles.
ARTICLE IV.-The Powers of this cor
| poration are hereby declared to be:
To invest its Board Of Directors with a
/ corporate powers subject To such restriC
| tons as shall be named in the charter
| TO have succession under its corporal
| name for a period of ninety nine year
| from and after the date of this act: TO su
| and be sued in its corporate name in an
court OF competent Jurisdiction; TO max