The herald., 1920-06-17
CHARTER.
CHARTER OF AUToMOTIyE ROAD IN
SURANCE. INC,


United States Of America, state OF Lou
isiana, Parish of Orleans, City of New
Orleans. BE il known, mat on TINS, the
10Th day of the month of May, in the year
of our Lord, One Thousand Nine Hun,
bred and Twenty, before me. Entered
Macaulay Stafford, a Notary Public, duly
commissioned and qualified in and for the
Parish of Orleans. state or Louisiana, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared the several persons
whose names are hereunto subscribed who
Severally declared that, availing them
selves of the provisions OF the laws OF
the State of Louisiana relative TO the or
ganiZatiOL Of corporations, and more par
ticularly Act No. Pa o. i.e Acts of the
General Assembly Of the State of Louis
lana for the year 1914 they have con
traCted and agreed, and do, by these
presents. contract and agree and bind ana
obligatp them selves. as well as such other
persons a. may hereafter become asso-
riated with them or their successors, TO
form themselves into and constitute them
selves and become q corporation ana BODY
polite in law, under the name. for the
objects and purposes and under the agree
ments and stipulationS Following, tO-Wlt
ARTICLE The name of this cor
poration shall be "AutOmotiNe Road In
surance. Inc. and under Is said corporate
name. il shall have ami ENJOY succession
and corporate existence rur the term OF
y
hereof unless sooner dissolved 10y liquida-
ton and otherwise. and shall have, under
its said name. power ono authority 10
contract, sue and be sued; 10 make and
use a corporate seal. If desired, and the
same to break or alter at pleasure; 10
own, hold. receive, lease, purchase ana
acquire. sell. transfer, assign. mortgage.
hypOthecate pledge or otherwise re"clv"
use or dispose OF and To lease from ana
lease to. property. real personal and
fuiN aH ar lUTDrnOrpHl
mortgage, pledge or hypOtheCatc same; 10
issue bonds, and To Secur" the same by
mortgage, pledge, or other security; to buy
and hold aud otherwise acquire stock or
bonds in other companies anywhere III the
United States or foreign countries. and to
act as agents for any person. firm. corpor-
alton or partnership, in any manner IN
any business or undertaking, to name ana
appoint such managers, agents and Of
ficers as the business of the corporation
may require. and to make and establish
such laws and rules and regulations
for the government Of the affairs of the
corporation as may be needful and proper
for the conduct of its business.
ARTICLE 1.-THE dOmicile of the said
corporation shall be- at the City of New
Orleans, La, and all citations or other
legal process shall be served upon the
President, and in his absence or in case
of his death or resignation. the Vice
President. and in the absence Of either as
the law directs.
ARTICLE III.-The objects and pur-
poses of this corporation, and the nature
of the business to be transacted and ear
ried on by il are hereby declared to be:
To engage in the purchase and sale of
automobiles, auto trucks and accessories
in all of its branches, and to act as sales
agent or representative for any person,
firm or corporation or partnership en-
gagged in said line of business in the
United States or any foreign country.
To engage in the purchase and sale of
automobile supplies tires and automobile
accessories of whatever nature and kind,
and in the purchase and sale of autOmO-
bile oils, and to act as the agent of any
person, firm or corporation or partner
ship engaged in or transacting said bust
ness, and in connection Herewith to OPP
crate garages, oil stations service sta
tons and offices anywhere in the United
States or in foreign countries.
To purchase and acquire real per
sonal property of whatsoever nature and
kind and to resell the same to use tho
same in the operation of its business for
the objects and purposes herein set out;
TO establish offices for the proper con
duct thereof, and to lease and to grant
leases on any property desired, and to
SELL mortgage and hypOthecate the same.
To name and appoint such agents and
representatives and to establish such Of
fices and oil station and service stations
and garages for its own needs or the
needs of others as may be deemed
needful and proper, anywhere in the
United States or foreign countries.
To contract with persons operating au-
tomobiles and auto trucks to extend them |
aid in the event of a breakdown, tire, or |
other troubles and to make such charges |
therefor under such terms and conditions /
as may be agreed upon by the Board OF
Directors.
To purchase and acquire. and to resell,
lease or release to others patents. trade
marks. trade names and copyrights and
to dispose of same as the corporation may
seem fit.
To purchase and acquire oil leases and
oil land for the purpose of resale or for
drilling purposes, and royalties.
To purchase and acquire stock or bonds
Or other evidences of indebtedness of any
corporation, and to acquire and purchase
and take over in their own name or other
wise the capital stock, property. good will
and stock in trade of any person, part
nership, firm or corporation or of any
concern, whether going or discontinued,
and the leases and liabilities thereof, and
10 hold stock in other corporations, and
the capital stock of the corporation, is
sued or to be issued may be issued for
capital stock in any other corporation.
To issue Preferred Stock redeemable at
interest paying periods when desired, and
In general to do and perform all such
things as may be proper and necessary
and germane to or incidental to the OBJ
jects and purposes herein set out. To do
all of tho things hereinbefOre recited.
anywhere in the United states or any for
eign country.
ARTICLE IV.-All or the corporate
powers of this corporation shall be ex-
ercised by a Board of Directors consist |
ing of three Common stockholders two of |
whom shall constitute quorum for the /
of business, each of whom /
shall own, at all times, at least one share |
of common stock. The Board of Direc- |
tors shall elect annually from their num- |
Der President Vice President and Sec |
rotary Treasurer. The Board of Direc |
tors may, from time to time, name and |
appoint such officers, agents, managers |
and employees as its need may require, |
who shall he employed at the pleasure |
ager to whom shall be confided the EN-
ployment of agents and employees. The
persons shall constitute and
compose the first Board OF Directors: +.
w. Calogne. Jr.. President. Richard c.
Vice President; Ben. Campag-
ma, Secretary Treasurer; and who shall
hold office until the first Monday Of
July. 1921 or until their successors are
elected and qualified. Vacancies caused
by death, resignation or inability to
serve, shall be filled by the remaining
members or member. failure TO elect
q Board Of Directors, or the failure of the
Board of Directors to elect officers
shall not have the effect of diSsOlving the
corporation, but the directors and officers
In office shall continue to serve until their
successors are elected snG assume office
Meeting Of the Board of Directors shall
be held as often as may re deemed nee
essary by days written notice address
ed TO each member, provided that the