The herald. [volume] (New Orleans, La.) 1905-1953, 1920-06-10
CHARTER.
CHARTER OF THE INTERNATIONAL
PUNCTURE CURE, INCOR-
PnRATED.

iona Parish of Orleans. city OF New WI
leans. BE it known that on TINS HtNs 't.
tee1th day of the month oi MAY J" ~
,.aar Of our Lord. one thousand hih'
S1r,J .ud t,yruty Ug1pj. hrfor" me
Nicholas f. Humphrey. e notary puhiy
duly commissioned and lualh'u' ~ " n'
for this city aud the Parish OF 'Ii''" - ,
therein residing, and in the pr'H'", w
the witnesses hereinafter named IN" uh
dersigurd: personally cam" ahd hPPrdIr'
~. .evaraI uer>OuS who's" names are mere
unto subscribed, who SeNcraIlN u''I'It'
that. availing themselves OF tn' p'n'm ~
and provisions of IN" constitution ~ w
state of Louisiana and Of III" laws "l sal"
STE relative to the organization of cor
nor,tious and particularly of ia" pro
visions of Act Ne. Pa of the "'neral "
semLIy Of the State Of Louisiana lot lhS
yayr 1914. they have united to form. ana
do by these presents. form ana organize
themselves aS well as all such other per
sons vino may hereafter join or become az
s,,.i1tcd with them or their u'''osol =
into stock corporation Tor VI" "pJ', -
aud purposes aud under the
stipulations and agreements loioNl"-. !"
wit:
,pTICIE 1.-The name ond title OF TINS
ornoretioD shall be- The lnt"rHatl"hal
Punrture Cure. Incorporated. ana uhu'I
and by said name. unless sooner Hl>,"I''"
in accordance with law ana thIN th4,'ri, "
shall exist and continue. ana ShalI nav
,nd anioy roruoratr existence ana sue
rrssEou for a period of ninety hlhr l':'
wears from and after III" ha'' 81 'nIH
act IL may have. hold, receive, borrow
lind exchange. acquire by grant, StI OF
purchase devise or h"qu"~t sell HI'h''''
disDo.e of convey. lease. pledge. pawn
bypothccatp. cucumber or moriSdG" prop
erty of any kind. whether real n"rNoh'i
or mixed, corporal or iurorp"f'aI' NOV
able or immOvablr. all subject 10 ~h'h I'M
itations AS may he prescribed 10y law. h
NAV make, issue and endorse bonds OF
notes and other evidences OF dcbt. II may
accept mortgages. pledges or DINER forms
Of security for money loaned or DINER
debts IL may contract. sue and 10" sued.
Mead or be implicated by it, ""rporat"
name in any court of competent JurlSdl'-
ton. II may make, adopt ana Us" q cor
pOrate seal and alter the same al pleasure.
il may hold stock in other corporations
and its capital stock may 10" issued Tor
capital stock in other corporations. IL
may name. appoint aud employ >urh
managers, directors. officers. agents ahi
other employees aS its said business ana
convenience may require. and may ny Their
compensation. having due regard {" III"
nature character and value of their S"rN-
ices IL may make and establish bylaws.
rules and regulations not inconsistent with
this charter or any existing law. hNinS or
altering the management of its property.
the regulations and government of its
affairs. and the manner of the ccrtihcation
and registration of its stock. IL may wind
up and dissolve itself. or he wound up
and dissolved i'm the manner prescribed by
law. Ii may conduct business in this
State. other States. the Federal Districts,
the Territories and Possessions of the
United States. and any foreign country.
Ii generally shall possess all the powers,
rights, privileges and immuntioS which
corporations are and NAV hereafter NJ IN.
thoriZed to possess under the Constitution
and Laws of this state. and particularly.
under Act No. 26I of the Acts Of the Gen
eral Assembly Of the State of Louisiana
for the year 1914: and il shall have the
power to invest its board Of directors with
all of its corporate powers, subject to such
restrictions as may be named in the
charter.
ARTICLE 1.-THE domicle of this cor
pOratiOn shall he the City of New Orleans,
Parish of Orleans, State of Louisiana. and
all citations or other legal process shall
be served on its president. or in the event
of his absence. upon the First NiCe-Presi-
dent, or in the event of the absence OF
both of said officers. upon the Secretary.
ARTICLE III-The objects and pur- |
poses for which this corporation is or |
ganiZed Is to manufacture. sell and to gen. |
orally engage i'm the distribution, manu- |
facture and sale of Il preparation Tor the |
treatment of automobile tubes for the |
prevention of punCtures and the treat |
ment of any automobile. truck or other |
vehicle using pneumatic tires and tubes; |
and in this connection to establish Serv- |
ice stations In the various cities through
out the United States: to handle auto
mobile tubes, tires, and accessories of any |
and all nature and description, incident |
and necessary and otherwise connected |
with the automobile supply business.
To apply for. obtain. register. purchase,
lease or otherwise to acquire and to hold,
own, use, develop. operate and introduce,
and to sell. assign, grant licenses or ter
ritOrial rights In respect to. or otherwise
to turn to account or dispose of any copy
rights, trade marks. trade names, brands,
labels, patent rights, letter patent OF the
inventions. improvements and
processes whether used In connection with,
or secured under letters patent or other
wise. and to do all and everything neccs-
sary, suitable and proper for the accom-
plishment of any of the purposes herein |
before expressed and set forth.
ARTICLE Iv-The capital stock of this
Is hereby fixed at the sum Of
one hundred thousand (S10O. 0OO.O0) dollars.
divided into ten thousand 100000 shares
Of the par value Of ten $1,000 dollars per
share each all shares being common stock,
full paid and worcestershire. The capital
stock may be increased up to the SUN of
two hundred and fifty thousand $780,
DO0.O dollars, and all proceedings for the
increase or decrease of the capital stock
shall be conducted in accordance with the
laws of this State.
The stock shall be paid In cash at the
time of subscription. or the same may be
issued at par In payment or exchange for
copyrights, patents. or other
rights actually received or purchased by
said corporation az its Board of Directors
may decide, or the same may be issued !
fully paid for money advanced or for such
other valuable consideration or services
rendered as the Board of Directors of said
corporation may determine.
ARTICLE VAN the corporate powers
II said corporation shall he vested in and
by a Board of Directors COM
posed of no less than three nor more
han five stockholders. majority
" whom shall constitute quo
-um. Said Directors shall be elected
on the first Tuesday Of June in
'ach year. except the first Board appointed
nthis Charter. who shall hold their Offices
Until the first Tuesday of June. 1921. The
irst Board may consist of three stock
FOLDERS who may appoint the necessary ,
wo in their discretion. :
Any vacancy occurring among the Di- |
ectors by death. resignation or other 5
wise shall be filled by appointment of the
folding Directors for the remainder Of tie D
erm.
All such elections shall be held by bal S
or and conducted at the Office of the said | q
corporation, under the supervision of two {
commissioners to be appointed by the (
;oard of Directors. a
Notice OF such election shall be given {
y the Secretary of the company by writ
en notice thereof delivered personally or C
~ depositing same in the post Office. nrop- o
rly addressed, to each stockholder. M $
Ions. -. n
At all such elections and at all cornorsto v