The herald. [volume] (New Orleans, La.) 1905-1953, 1920-07-08
CHARTER.
CHARTER OF THE M
PINCTURE CURE. iN'oh-
pnR\ TED.

lhittd $50 nrl.,us. city Of New vt
- re il known that on in tb,
,,h Igy OF the M"h'H ". nd nine
,r Of our Lord. one tore me,
lied aud twenty il'-'l' ruI,li,
LnhHI,H \ Humphrey. h'l'TE i'',4
~ ~, = Commissioned and uu"il"'"' elm.
80 ,tf, city and the far,Nh VI nf
I'm residing. and lh wv .r5 mn.
- ,,itp,--cs hereinafter h"'"'1' ',.,.,.,r,.t
Ir-r.,u,I. personally ''I"' ". ''' 80 hero
W. '7...rYt r.r~uuS whose NAM o. -
, subscribed. VIII" SrN'r".lS i.u,.fit,
-, .yailiug themselves 81 -. -, th.
and provisions ui the '""T - ,f aid
-. of Louisiana aud al lH' I."0 - mr.
N'".' .t,tl,. IN the organization w
,r.tior- aud particulars W I'll A.
,finus a. Act No. 2H' OF '"' fnr tl..
.,r.hly of the state OF l.", ,i''. .,r,,, and
i.l4 th,y have united 10 ,'' ~ .f,
49, ~. presents. form ahd "I-'"'.'
,r,.s.Iy,s "a well a. all sue" 80. a.
,nrs who may hereafter JON VI ,,,..,.,.ssors
ri,ted with them or IH'H ,Ii.rts
,-o.k corporation Tor 'h' ~
ih'" "r,,n.rs mud uulur th" '"N'"""'
'Hu and agreements i'H"Ni" ~
wit. .l. sc iii.
ARTICLE l. The nam, "nI ,,,.. ,'
.,rrnration shall b." The i"', ,,,Lr,r
punrturs cure Incorporated, I'H .i',.J
,,J nv said name. unless sooner U.s., :,
.,.,orJau-c with law and ms 'ha, ~
III .Xi.t and continue. "Hh N"'' -
and enjoy corporal" c\iH''h,, "' ,aa,
...siou for "A ucriod OF uI"'' "' ~
-, from and after ia" dii' ca w
H'Hl' -, nav. hold receive. borrow
-, a,ch,npr acquire Icy grant, XIV VI
purchase devise or hequr~I' S',l' '", 80
Jis,rsp Of. convey, lease. Il'"-'' -,
t.Ii,,n.,.te cucumber or mortgage PRIV
rrty OF any kind. whether real " ,',,,
r,iyed corporcal or Incorporate ',"'
,IIc or immoNubly all subject |" Nu'h "''
nations as may he prrscrlh'n ny 'HT -
may make issue and endorse ""I", W.
-, and other evidences OF d"bt. II may
o,r.nt mortgages. pledges or DINER l"i"9
of sa,urity for money loaned or "'"''
dnbts II may contract, ~" ana '' SUI
Mead or be- impleaded 10y IT, '"Ip"'Ht,'
name in any court ot r"ul''r"' J"''0
ION II may make, adopt and hS' " cor
1T. sc,I and alter the same at pleasure.
II may hold stock ia other 'orP"I" At 'p"N
and It's capital stock may h' irN"'" ~
rouital stock in other '"FppFA'I"HH'
may name appoint and employ N"' u
managers directors. officers, agents ""I
,tb.r rrunloyrS as its said business anu
convenience may require, ana may IN mn
compensation. having du" rrE"rn u" nv
nature. character ana Nalur OF lht' S'l'
ices IL may make and establish ny law =
rules and regulations not Ih'oH>IH,'". w"
his charter or any existing law, HNlnS or
altering the management oI liN pI"I'',E
the regulations and government "i IT,
affairs and the manner Of ia" r"rtlh'H'i"u
and registration of its stock. Ii may win"
mn and dissolve Itself. or b" wound vi
and dissolved in tn" manner prr>'rl"'u ny
law. II may conduct business III 'nI'
state other States. the Federal lhNIri'iH
m. Territories and Possessions OF th'
United states and any foreign country
n generally shall possess all III" powers
rights, privileges and lmmuhllhN NhI'i
corporations are and may hereafter NJ -"
thoriZed to possess under the Constitution
and Laws of this State and particular!
uudcr Act No pa of the Acts Of III" ten
rral Assembly Of the state ol l."ulNllil'
for the year 1914; and it shall have IN,
power to invest its board OF directors VIII
all of its corporate powers, subject 10 Sucl
restrictions may be named III I'M
charter.
ARTICLE 1.-THE domicle Of this cor
poTatiOn shall be the City of New orleans
Parish of Orleans, State of Louisiana, an,
all citations or other legal process shall
he served on its president. or in the even
of his absence, upon the First Nice-freSl
dent, or in the event of the absence
both Of said officers. upon the Secretary.
ARTICLE III.-The objects and pur
poses for which this corporation IL or
ganized is to manufacture, sell and to gen
orally engage in the distribution, manu-
facture and sale of preparation Tor IN
treatment of automobile tubes Tor IN
prevention of punctures and the treat
ment of any automobile, truck or othc
vehicle using pneumatic tires and tubes
and In this connection to establish S'rN
ice stations In the various cities through
out the United States; to handle ant"
mobile tubes tires, and accessories OF an
and all nature and description, inciden
and necessary and otherwise connected
with the automobile supply business.
To apply for, obtain. register. purchase
lease, or otherwise to acquire aud TO h"lc
own, use, develop. operate ana introduce
and to sell assign, grant licenses or teT
ritoriaI rights in respect to, or OtncrwiS
TO turn to account or dispose Of any copy
rights, trade marks, trade names. brand
labels, patent rights, letter patent OF tn
United States or any other country G
government. inventions, improvements an
processes whether used in connection Wit
or secured under letters patent or otn"
wise and to do all and everything niece
sary, suitable and proper for the accom-
pliShment of any of the purposes hcrell
before expressed and set forth.
ARTICLE IV.-The capital stock of tn
CORPORATION is hereby fixed at the sum
one hundred thousand (Sl0OOOOOOl dollar
divided into ten thousand (lO,OooD shar
of the par value of ten $4,000 dollars y
share each all shares being common stOc
full paid and non asSessablc. The capt.
stock may be increased up to the sum
two hundred and fifty thousand ($2J
OO0OO) dollars, and all proceedings for I
increase or decrease of the capital stO
shall he conducted in accordance with I
laws of this State.
The stock shall be paid In cash at t
time of subscription, or the same may
issued at par in payment or exchange
property. copyrights, patents. or 9th
rights actually received or purchased
said corporation ~ it's Board of DirectC
may decide. or the same may be issu
fully paid for money advanced or for su
other valuable consideration or serviC
rendered as the Board of Directors of 81
corporation may determine
ARTICLE VAN the corporate pow'
of said corporation shall be vested in a
exercised by Board of Directors co
posed of no less than three nor M
than five stockholders. a major
Of whom shall constitute a.
rum. Said Directors shall he elect
annually on the first Tuesday of June
each year. except the first Board appoint
1 nthis Charter. who shall hold their Off
until the first Tuesday of June. 1921. 7
first Board may consist of three stO'
holders who may appoint the neCCssa
two In their discretion.
Any vacancy occurring among the
rcctors hy death. resignation or 9th
wise shall he filled by appointment Of
holding Directors for the remainder of
term.
All such elections shall he held by b
lot and conducted at the Office of the s.
corporation. under the supervision of I
commissioners TO be appointed by
Eoard of Directors.
Notice of such election shall he gi
- by the Secretary Of the company by WI
ten notice thereof delivered personally
by depOsiting same in the post office. pr
erly addressed. to each stakeholder
least fifteen tl5) days preceding such FL
tons.
At all such elections and at all corpor