The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-26

United States of America. STATE of Lon
lNldna. Parish OF Orlr1.~ Civ of New
orleans Il" II known that on this seq
ond day Of the month of August in the
year II our Lord one thousand niu.. hun
drtd snd twenty and OF the Independents.
OF IN" United States of America the one
hundred and forty fifth before me Isaac
;. Heller, a Notary Publ'r, duly commits
stoned aud qualified in and for the Parish
or Orleans, State of Louisiana aforesaid
therein residing, and in the presence of
tn" Witnesses hereinafter named and
undersigned, personally came and apprHr-
ed the several persons whose names are
her"untO subscribed all of full age who
SeNerally declared unto me. Notary that
aNailing 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 them selves. their heirs and As
signs. and all persons who may hereafter
become associated with them herein 10
form corporation under the name and
for the objects and purposes, and under
III" terms. StipulatiOns and provisions.
contained in the following articleS tO-NVit.
Name.
ARTICLE 1.-The name of this Cor
pOratiOn shall be "BI- STATE MOTOR
COMPANY, INCORPORATED" II shall
have and enjoy succession and existence
for period of ninety nine years from
the date hereof.
Objects and Purposes.
ARTICLE lIs-The objects and 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 anu 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
! corporation Is nereyy liked at the sum
of FORTY THOUSAND (s40.OO0O0 DOL
| LARS. to be represented by Four, Hun
dred 600 SHARES Of s,t the par Galqe p %
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 him without he shall first have
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 at not less than their par
| Value.
ARTICLE IY.-The capital stock of
this CORPORATION may be increased, In
hn nsa ID
HUNDRED THOUSAND S2OO'ON.OOl
DOLLARS.
Directors.
ARTICLE y.--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
unpledged, 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, 1917 Peters Avenue, New
Orleans, La; c. l.. Briggs. I0 Pujo
Street. Lake Charles, La; Chas, X. Loree,
Geo. l.. East, 1917 Peters Avenue, New Or
leans, La.
Officers.
ARTICLE VI.-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-Tre
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. X. Loree, Sec
rotary Treasurer.
Domicile.
ARTICLE VII.-The domicile Of this
corporation shall be in the City of New