The herald., 1920-09-16

JOS. \. CASEY, Notary Public.
Aug. l2-Scpt. IL
HESITATE MOTOR COMPANY, INCoR
PORATED.
August ,, 1920
tinted States of America State of Ion
iSlaha, Parish or Orleans. City of Ney
orleans. lie it known that on this seq
, ond day of the month of August i'm m
, year OF our Lord one thousand nine hum
dred and twenty and Of the Independents
OF the United States of America the on
| hundred and forty fifth. before me. Isaa
;. Heller, Notary Public duly commits
stoned ana qualified in and for the PariSI
OF Orleans. State of Louisiana aforesaid
therein residing, and in the presence q
the witnesses hereinafter named anc
undersigned, personally came and APPEAR
ed III" several persons whose names ar,
htrruntO subscribed all of full age, who
S"Ncfdlly declared unto me, Notary. thar
/ awaiting themselves of the provisions ot
the Laws of the State of Louisiana they
have mutually agreed and Contracted and
do by these presents covenant and agre,
ana blnd themselves. their heirs and as
signs. and all persons who may hereafter
! become associated with them herein. 10
| 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 THE name of this Cor
| poration shall be "BI-STATE MOTOR
! COMPANY, INCORPORATED. 1t shall
| have and enjoy succession and existence
| Tor a period of ninety nine years from
| the date hereof
| Objects and Purposes.
| ARTICLE 1.-THE objects and purposes
| for which this corporation is organized
and the nature of the business to be car
ried on by Ii are hereby declared to be a.
follows:
to buy, sell, lease. store and repair auto
! mobiles ana motor vehicles of all desCrip-
lions, 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 or all manner or contracts necessary
or proper to the carrying on Of the auto
mobile business.
Capital Stock.
ARTICLE lII.-The capital stock of this
corporat:cn IS nereUy liked At the sum
of FORTY THOUSAND (S4O.OO0OO) DOL
LARS. to be represented by Four Hun
dred (i0Ol Shares of the par value o.
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 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
Limit Of Capital.
ARTICLE IV.-The capital stock of
this corporation may be increased, in |
accordance with law. to the sum of TWO |
THOUSAND $500, OOOOO) |
ARTICLE V.-The corporate powers of |
this Corporation shall be in Board
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
be eligible to serve as a 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 ST.
serve until their successors are elected
and qualified, are as follows:
V. l.. Pratt. 121I Peters Avenue, New
Orleans, La; c. l.. Briggs. 704 Pujo
Street. Lake Charles, La: Chas. X. Loree. |
1920 Napoleon Avenue, New Orleans. La.
Geo. l.. East, 1917 Peters Avenue, New Or
cans, La.
ARTICLE VI.-The Board of Directors
shall have the power to make all bylaws,
Jules and regulations necessary or proper
or the conduct of the business affairs of
his corporation. They shall elect from
heir number, Immediately after the an
lual stockholders meeting a President, a
vice President iiI and and Secretary Treas
92l, or until their successors shall have
been duly elected and qualified, V. l..
Pratt shall be President Geo. l.. East,
Wee President, and Chas. r. Loree. Sec
etary Treasurer.
Domicile.
ARTICLE VlI.-The domicile of this
corporation shall be in the City of New
itation and other legal process shall be
erved upon the President and in his alb
ence upon the Secretary Treasurer.
Stockholders.
ARTICLE yIIl.-This Corporation shall
e operative and a going concern when
wo hundred shares of its capital stock =
hall have been subscribed and paid for.
o-wlt, at the execution of these presents.
nd in the manner following, to-wit:
V. L.. Pratt, c. l.. Briggs, Chas. r. ;
.Oie Is. OeV. IL East nave each subscribed
or fifty shares of full-paid stock of this ,
orporation' OF the par value Of ONE
laking a total of two hundred shares with ,
. par IT, value of TWENTY THOUSAND :
ssoOoOool DOLLARS. In cash payment \
Or twenty-five t25) shares each, or a total :
one hundred Q00) shares, the said Y. =
:. Pratt c. l.. Briggs, Chas. r. Loree. 3
az Geo. L. East have each presently paid !
ne sum Of TWENTY-FIVE HUNDRED :
DOLLARS, making total OF q
EN- THOUSAND (siO,OOO.OO5 DOLIARS +