The herald., 1920-02-19
CHARTER.

selves of the provisions of the genera
laws of the State of Louisiana for the or
ganization of corporations, and especially
of Act 267 of the Acts of 1914 they hav,
cOvenanted and agreed, and by these pres
ents. covenant, agree and bind themselves
as well as such persons as may hereafter
become associated with them, to form and
constitute a corporation and body polite
in law, and to that end they state the fol
lowing matters and Things and execute
and adopt these articles of incorporation
as follows, to-wit:
ARTICLE 1.-The name Of said corpora
ton shall be Barton Motors Company
ARTICLE 1.-THE objects and purposes
for which this corporation has been FORM
ed and the nature of the business to be
carried on by il are hereby declared TO
be: To manufacture, buy, sell, exchange,
lease, deal in, store and repair automo-
hiles, aeroplanes, motor trucks, motor
boats and vehicles Of every kind and de-
scription propelled by electricity, gas,
steam, compressed air, or other motive
power, and all tops, bodies, parts, sup
plies, accessories and appurtenances for
automobiles, motor vehicles, aeroplanes
and motor boats, incidental thereto or
used in connection Herewith to conduct
gasoline supply stations and to sell gaso-
line and oils of every nature and kind
whatsoever; to conduct garages for the
storage, repair, care and maintenance of
automobiles, motor trucks and motor We
and perform and carry on any and all
business in any way connected with, ger
name or incidental to any one or all of
the foregoing objects and purposes, the
above and foregoing enumerated powers
not being intended as exclusive.
ARTICLE III.-The amount of the cap
ital stock of said corporation shall be
fifty thousand (S50,O0O.00) dollars. all of
which shall be common stock and none OF
which shall be preferred. stock. Said stock
90 he maid for aif hAr in gh univ
alent.
ARTICLE Iv.-The amount to which
the capital stock of said corporation may
be increased shall be one hundred thous-
and $4,000 dollars.
ARTICLE V.-The number of shares OF
which said capital stock of fifty thousand
(S50,0O000) dollars of said corporation
shall consist, shall be five hundred (500)
shares of the par value of one hundred
(Sl00.00) dollars per share, the shares of
($100.00l dollars in the event of the in
crease of the capital stock of said corpora
tion beyond one hundred thousand (S1o0.-
000.O0) dollars.
ARTICLE V1.-The location of the dom
icile of said corporation shall be in the
city of New Orleans in the Parish of Or
leans. in the State of Louisiana.
ARTICLE VII.-The period of duration
of said corporation shall be fifty (50)
years.
ARTICLE VIII.-The number of Direc-
tors of said corporation shall be five. The
officers of said corporation shall be those
provided for by law, and such other Off
GERS as may be provided for by the by
of the Directors of said corporation who
are elected to serve for the first year or
until their successors are elected and quail
flied, shall be as follows, to-wit: Hamil-
ton Barton, New Orleans, La; +. J. Ross,
New Orleans, La; Robert ii. Wetmore,
New Orleans, La; William w. Westerfield.
New Orleans, La; Andrew Martinez, New
Orleans, La; with Hamilton Barton as
President, +. j. Ross as Vice President,
and Robert II. Wetmore as Secretary and
Treasurer.
ARTICLE IX.-The names and post
Office addresses Of the subscribers to these
articles of Incorporation and statement
of the number of shares of stock which
each subscriber is to take in said corpora
ton are as follows: Hamilton Barton
New Orleans, La, $50 shares, par value
S15,O00O0; +. j. Ross, New Orleans, La,
80 shares, par value $4,000; Robert III.
Wetmore, New Orleans, La, 80 shares. par
value 100000; William NJ. Bancroft, New
Orleans, La, 100 shares, par value S10,-
10000; Andrew Martinez, New Orleans. La,
so shares. par value $5,0OOO0; William w
Westerfield. New Orleans, La, / share, par
value, $4,000.
ARTICLE X.-The subscriptions of E. J.
Ross, Robert II. Wetmore, William NJ.
Bancroft, Andrew Martinez and William
W. htSltTHtiu u nuluDtT Ol SudTtS
of the capital stock of this corporation
above set forth in Article TX are to be
paid for in cash. The subscription of
Hamilton Barton for $50 shares Of the
stock of this corporation as above set
forth in Article TX hereof, is to be paid
for by the sale and transfer by him to
this corporation of his undivided one-half
interest In the assets, property and good
will of the business hitherto conducted
and carried on by said Hamilton Barton
and by Lucien e. Lyons, Jr., as partners
under the name and style Of LyOns-Bar.
ton Motor Car Co., at the price of seven
thousand ($7O00.OG) dollars for the one
half interest of said Hamilton Barton in
the assets and property of said co-part-
nership; and by the transfer to this cor
poratiOn at the price of three thousand
($3, O00O0) dollars for his one-half interest
in the good will of said co-partnership,
and for the balance of his said subscrip-
ton. said Hamilton Barton is to pay five
thousand ($5,000.00) dollars in cash. And
there Is annexed to be read in connection
with these articles of incorporation, an
and detailed statement and de-
scription Of the property, assets and af
fairs Of said co-partnership, together with
a statement of the value thereof and of
the undivided one-half interest therein of
said Hamilton Barton therein as appraised
by Hamilton Barton, f. j. Ross, Robert
II. Wetmore, William w. Westerfield and
Andrew Martinez, the Directors Of this
and the statement by said Di-
rectors Of the value placed by them upon
the good will of said co-partnership and
upon the undivided one-haf interest of
said Hamilton Barton in and to the good
will Of said business.
ARTICLE XI.-Each share of stock
shall be entitled to one vote. There shall
be no cumulative voting.
ARTICLE XII.-The Board of Directors
Of said corporation shall be and are here
by vested with all the corporate powers
Of said corporation, including among
other powers the following, viz: The pow
er to make, alter and amend suitable by
laws for the government Of said corpora
ton; the power to borrow money, execute
mortgages, issue notes or bonds, to sell or
pledge the same, and generally to do all
things pertinent to or necessary for the
objects and purposes of said corporation,
Or which are, or may be permitted by the
laws applicable to corporations, the above
recital of powers granted to the Board Of
ton being to vest the Board Of Directors
with all such other and further powers as
may be proper to accomplish the objects
and purposes of said corporation. Stock
holders meetings for the election Of Direc-
tors of said corporation shall be held an
nually on the> second Monday of January.
ARTICLE XIII.-The President and the
Vice President, the Secretary and Treas
nrer shall he authorized 10 receive service
Of all legal process.
Thus done and signed in my office. in
the city Of New Orleans, in the presence
witnesses, both Of this city, who
have hereuntc signed their names with the
said appearers and me, Notary, on the
date and day first above written, and the
subscribers do hereby subscribe for and
agree to pay for the number Of shares set
opposite their several names.
Names of subscribers: VIM. Bancroft,
100 shares; L. j. Ross, so shares; r. III.