The herald. [volume] (New Orleans, La.) 1905-1953, 1920-09-02
CHARTER.
subscribers to said act OF incorporation
New Orleans, La, July oath. 1920
(Senl)
July % Sent 2.
BI-sTATE MOTOR COMPANY. INCOR.
PORATED.
An -

August 2, 1920
United States of America. State of Lou
iSiana. Parish or Orleans. City OF New
Orleans. he IL known that on this sec
Ond day of the month of August in the
year of our Lord one thousand nine hun
dred and twenty aud of the Independence
of the United States of America the one
hundred and forty fifth. before me Isaac
:. Heller. a Notary Public duly commits
stoned aud qualified in and for the Parish
of Orleans. State of Louisiana. aforesaid.
therein residing. and in the presence of
the witnesses hereinafter named and
undersigned personally came and appear
ed the several persons whose names are
hcreuntO subscribed all of fun age. who
Scvrrally declared unto me. Notary that.
dVailing thCmS selves 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 themselves. their heirs and as
signs. and all persons who may hereafter
become associated with them herein, To
form "A corporation under the name and
for the objects and PURPOSES and under
the terms. stipulations and provisions.
contained in the following articles, tO-wit:
Name.
ARTICLE 1.-The name Of this Cor
poration shall he "EI-STATE MOTOR
COMPANY, lNCORPoRATED". II shall
have and enjoy succession and existence
for a period of ninety nine years from
the date hereof.
Objects and Purposes.
ARTICLE 1.-THE objects aud purposes
for which this corporation il organized
and the nature Of the business to he ear
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 ana mOTor vehicles of all desrrip-
tiouS, auto gas engines. auto trucks.
whether As agent or principal, To deal in
all kinds of automobiles and automobile
supplies. NulCaniZing and repair plants OF
H. ~ nr.H
such material and maintain such property
as may be necessary or proper to carry
on such automobile business in all OF ITS
branches including the erection and main
trnauce of plants. machinery. garage, and
generally to do all things ncrdful, u"ceS-
sary or proper pertaining or incident to
such automobile business. including the
purchase and sale. OF 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
COrpOrau.cn IL mercy GNed At the sum
Of FORTY THOUSAND ($iOOOOOOD DOL
LARS to be represented by Fodr Hun
ONE HUNDRED (SlOO!OOl DOLLARS
each All of the stock shall be- common
stock. Save as hereinafter provided no
share Of interest in this Company shall al
stakeholder shall have the right 10 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-
book value. and the Board of Directors
shall have 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 imam 'heIr par
value.
ARTICLE IE.-The capital stock or
this CORPORATION may be increased. In
accordance with law. to the sum of TWO
HUNDRED THOUSAND S2O'ocoN'
DOLLARS.
ARTICLE V.-The corporate powers OF
this CORPORATION shall be in a Board
Of Directors to BE- composed OF four
persons to be elected annually on the
first Monday of January. the direct
nrs so elected to serve until their
successors shall be elected and qualified.
No stakeholder of this corporation shall
he eligible TO serve Director unless
he owns. in his own name, full paid ana
unpledged, st-ieast two shares OF the eapl-
tai stock of this Corporation.
The names and pOst-office addresses OF
the Directors for the first year, who
serve until their successors are 4etleu
and qualified, are as follows; ,ro Now,
Orleans, La; c. l.. Briggs. iOf PuJo
Street. Lake Charles, La; Chas. X. Lore
332O Nanioleon Avenue. New Orleans. La
Geo. l.. East, 1917 Peters Avenue, New OF
leans, La.
ARTICLE VI-The Board of Directors
shall have the power to make all bylaws,
rules and regulations necessary or proper
this corporatiOn They shall elect from
their number Immediately after the an
nuaI stockholders meeting President 4
President. and secretary, i IeaS-
1921. or until their successors shall nave
been duly elected and qualified. v l.
Pratt shall be President. Geo l.. East
Vice President. and Chas. Il. Loree' Sec
rotary Treasurer.
DOmicile.
ARTICLE VII.-The domiclle OF TINS
corporation shall be in the City OF New
Orleans State of Louisiana whtrt az AZ
citation and other legal process shall Do
served upon the President and In his ao'
sence upon the Secretary -Treasurer.
Stockholders.
ARTICLE Wilkins Corporation shal
be operative and going concern when
two hundred shares of its capital STOCK
shall have been subscribed and pald lot
towit. Mt the execution of these presents
and in the manner following, to-wt:
V l.. Pratt, c. l.. BriggS' ChaS: * *
Loree. Geo. l.. East have each subscrlDeu
for fifty shares of full paid stock OF IN n,
corDOration of the par value OF ONt
HUNDRED (sl00OO DOLLARS a shatt
making total of two hundred shares WI WI
a par value of TWENTY Ihou nANi
$50 900 OOD DOLLARS. In cash payment
for twenty-five (25) shares each, or tota
of one hundred 900 shares, the sara
l. Pratt. G. l.. Briggs. Chas. X Lore
and Geo L. East have each presently pare
the sum of TWENTY-FIVE HUNDRED
$50 500 OO DOLLARS. making total OF
TEN THOUSAND (Sl0,OOOOO) DOLLAhR
the -aceipt whereof is hereby acknOwleUr
cd and full discharge given therefor ~
tho Directors named in this Charter
In full settlement and payment OF th'
remaining twenty-five shares each SUD
scribed by V. l.. Pratt, c. l.. Briggs, ChaS
n Ioree and Geo. l.. East, or total re,
mining subscription of one h9h or
QO0) shares, of par value 4i II -
THoTSAND QOOOO.0O) DOLLARS. tn
said V. l.. Pratt, c. l.. Briggs. Chas. X
Loree and Geo. l.. East. do, by these pres
ents transfer, assign, set over, aDandOI
and deliver in payment of these one nun
dred 1Om shares. or twenty 1--WE 10
shares to each of them, unto this corpora
tion ali and singular all of their respec
tive rights. title and Interest ana o"hel
shin as Joint owners leach owning one
quarter interest) in and to certain
agency contract made between them anC
tho Scripps- Booth Motor Co., which sal'
agency contract is well, fully and trul'
worth the said sum of ten thousand doi
| lars and is hereby appraised by TN
Directors named in this charter ~ IN IN
| said sum of TEN THOUSAND Slo'ooo.'V
DOLLARS. ..,,, :,
Thus done and passed in my office II
| tho CITY of New Orleans, Parish OF OF
| leans and State of Louisiana, on the Gay
! month and wear first hereinabove written
| in the presence of Michael Provosty, AM
| Rene A. Viosca. competent witnesses wn
have signed these presents with tne SAL