The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-19
CHARTER.

ing of all manner or contracts necessary
or proper 10 the carrying on OF the auto
mobile business.
Capital stock.
ARTICLE III.-The capital stock OF inns
/ cOrporaJ.~n i nerCT,r CNcd AT Ga" sum
. of FORTY THOU SAND (SioOOOOol DOL
+ LARS. to b" represented 10y F"dr hun
. bred (luOl shares of tn" par Nalu" Of
ONE III NBEED Sloo.OOl poLLAEH
. each All Of the stock shall be common
stock Save Is hereinafter provided no
share of interest in this Company shall a.
any time be- transferred Z" any person. y"
stakeholder shall have the right 10 assign
or transfer any share or shares of stock
held hv him without he shall first have
4 offered in writing To the Board OF Dlr"'-
tors To sell the said stock At It's then
book value, aud the Board OF directors
: shall have Il delay of fifteen days Wllhlh
4 which To purchase said stock or any part
thereof. All shares of stock 50 acquired
may be- rri>>ued at not less than their par
value.
Limit Of Capital.
ARTICLE IN.-Thc capital stock OF
this corporation may be- increased: IN
. aocOrdanc" with law. To the sum 81 W.
. Kindred THOUSAND t$2Ooooo'"
: DOLLARS.
Directors.
ARTICLE N-Thc corporate powers of
this Corporation shall be in Board
b Of Directors. to be- composed of four
persons &" be- elected annually on the
first Monday of January, the direct
/ 0r~ 80 elected to serve until their
. successors shall he elected and qualified.
No stakeholder of this corporation shall
. be- eligible 10 serve as Director unless
he owns. in his own name. full paid ana
uuplrdgcd AT least two shares Of tn" capt
. tai stock Of this Corporation.
The names and po>t-uifire addresses OF
the Directors for TIA" first year. who 81.
serve until their successors are elected
f and qualified. are as follows:
Y. l.. Pratt. l2lI Peters Avenue. New
/ Orleans, La; c. l.. Briggs. Io4 Pujo
Street. Lake Charles La. Chas. X. Lorcc.
. $50 Napoleon Avenue, New Orleans. Lat,
| Geo. l.. East. l2l1 Peters Avenue, New Or
leans. La.
ARTICLE VI.-The Board of Directors
. shall hay" the power to make all bylaws,
" rules and regulations necessary or proper
T for the conduct Of the business affairs OF
this corporation. They shall elect from
their number Immediately after the an
nual stockholders meeting President. a
urer Until the First Monday in January
! 1927. or until their Successors shall have
been duly elected and qualified. '. L.
/ Pratt shall be- President Geo. L. East
Nice- President. and Cha>. Il. LOrce. See
rotary Treasurer.
-DomiciIe.
ARTICLE VII.-Tnr- domicilc of this
corporation shall be in the City OF New
Orleans State of Louisiana. WhC-o all
: crratign and other legal process shall be
served upon the President and in his alb
scnce upon the Secretary Treasurer,
stockholders.
ARTICLE NIII-Thi> Corporation shall
be- Operative and going concern when
/ two hundred shares of lis 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, &. l.. Briggs. ChaS. Il
Ioree. Geo. L. East have each subscribed
FOR fifty shares of full paid stock of thi-
I corporation. of the par value of ONE
I "A Re,
! making total of two hundred shares with
a par value of TWENTY THOUSAND
/ (S2O,OO0O0) DOLLARS. In cash payment
| for twenty-five (25D shares each. or a total
. of one hundred 00O) shares. the said V
I l.. Pratt. G. l.. Briggs. Chas. X. Loree
/ and Geo. l.. East have each presently paid
the sum of TWENTI-F FIVE HUNDRED
. (S25O0.0W DOLLARS. making total OF
/ TEN THOUSAND (Sl0.WOOOl DOLLARS
[ the receipt whereof IL hereby acknowledg-
ed and fun discharge given therefor by
| the Directors named in this Charter.
In full settlement and payment OF the
remaining twenty-five shares each sub
scribed by V. l.. Pratt. {. l.. Briggs, Chas
K. LOree and Geo. l.. East. or total re-.
O00 shares. of par value OF Ten
/ THOUSAND 00OOOOW DOLLARS. the
said V. l.. Pratt E. l.. Briggs, Chas. X
Loree and Geo. l.. East. do. by these pres
entS transfer. assign. set over, abandon
and deliver in payment of these one nun
dred 0O0l shares. or twenty-fiv C2ol
shares to each of them. unto this corpora
ton all and singular all of their rcSpec
tive rights title and interest and owner
ship. as joint owners leach owning one
Quarter INTEREST," in and TO certain
agency contract made between them ana
the SCrippS- Booth Motor Co, when Sald
agency contract is well, fully and truly
worth the said sum of ten thousand dol
lars and is hereby appraised by the
said sum of TEN THOUSAND (Sl0OOo.m
Dol LARS.