The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-17
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY. INCORPORATED.

civ Of New Orleans: BE it known, That
on this 18th day of January, 1921, before
me. Victor n. Kan, notary puDlc, IN
and for the Parish of Orleans. personally
came and appeared the several persons
whose names are hereuntO subscribed IN
the presence of the undersigned witnesses
who severally declared that awaiting them
selves of the provisions of the law or the
State of Louisiana in such case made and
provided. they have covenanted and agreed,
and do by these presents covenant agree,
and bind themselves as well as all such
others rs may hereafter become associated
with them. to form and constitute cor
pOratiOn for the objects and purposes
and under the articles and stipulattons
hereinafter set forth and expressed. which
they adopt as the charter of this corpora
ton, tO-wit:
ARTICLE 1.-The name of this corpora
ton shall be the Louisiana Tire Company.
Incorporated. and under this name shall
have and enjoy all the rights, advantages
and provisions granted by law to corpora
tiOns for the full term and period of
Ninety nine 800 years from this day. 1t
shall have the power to contract; TO sue
and he sued; to make and use corpora
ton seal and alter the same at pleasure;
to hold, receive purchase convey. mort
gage and hypothecate, property. real per-
sonal and mixed, corporal and incor-
poreal; to name, appoint and elect such
officers. directors. managers, agents and
employees as its business may require; to
bylaws, rules and regulations, for the
government of the affairs of the said cor
poration as may be required.
ARTICLE 1.-THE domicile of said cor
poration shall be in the City of New Or
leans, Parish of Orleans, State of Louis
upon the president of the corporation OF
in hfs absence as directed by law.
ARTICLE IIIL-This corporation Il
formed for the purpose of engaging In tine
| business of manufacturing, repairing, BUY
| ing and selling automobiles, automoDllt
| tires, automobile supplies and accessories
| of every type and description and OF en-
gaging in the said business at wholesale
| and retail. for import and export for 1t
| self and as agent, and generally TO have
! all such powers and privileges as are In
1 cidental or relate to the objects and pur
| pose hereinbefOre set forth or may be nee
| essary or convenient for affecting said OBJ
| jects and purposes of this corporation.
| ARTICLE Iy.-The capital stock of thi
| corporation is hereby fixed at five thous
| and dollars (S5000.O0). divided into tift,
| shares of one hundred dollars $4,000
| each. said stock to be paid for before is
suing and to be fully paid and nonaccess
I able. The corporation shall begin bushes
| as going concern as soon as fifty pc
cent of the capital stock shall have bee
Issued and paid for. The remaining stoc
shall be offered to Ben Frank of Nashville
Tenn; NJ. Pilsk, Nashville. Tenn; AbraT
FRANK. NASHVILLE, IeHI.. D. ~ Il Teeulhdi
4 of New Orleans, and Victor c. Burk. @
New Orleans. in proportion of one.fifth 9
the capital TO each. said stock to be pal
for at par, before offering the same to tn
general public. The corporation may !;
sue the shares retained to the stockhold
ers in case the profits of the business al
taken in and become a part of the capita
The profits so treated must equal in yalu
the par value of stock issued.
No stakeholder shall sell or in any wa
dispose of. mortgage: or hypothecate h
| stock without first offering 1t to the CO.
poration which shall have thirty days
: decide whether it will purchase the stoc
or not For the purposes of sale, sue
stock shall be valued in accordance wit
the financial report of the corporation in
mediately preceding the offer to sell.
All transfers of stock must be mao
upon the books of the corporation and Il
original certificate surrendered, proper
endorsed. The corporation shall have Il
power to increase its capital stock to oil
hundred thousand dollars ($100. 0O0O0).
ARTICLE v.-The affairs of this co
poration shall be controlled by Board
Directors consisting of not less than thr
Directors. said Directors to be elected a
nually by the stockholders. The Board
D Directors shall elect annually a PresideI
Vice President, Secretary Treasurer al
- General Manager. The last two ohic
may be held by the same peson. The 1
rectors may vote by mail on questions
be determined during the year and m
= jority vote in this manner shall be co
trolling as to the question submitted.
ARTICLE vI.-This corporation sh
have all the rights and powers conferr
: | upon corporations by the constitution a
= the laws of Louisiana whether such po
9 ers are specifically set forth and claim
3. or not. No statement of its powers a
authority shall be considered a limitati
of said power and authority.
: In testimony whereof said parties ha
hereunto signed their names in the pr,
ence of me. Notary, and undersigned W
nesses and set opposite their names
amount of stock subscribed by each
them in order that this may also serve
- the original subscription list of the C,
poration.
(ORIGINAL SIGNED):
Ben Frank. 10 shares, Nashville, Ten
Victor c. Burk, 10 shares, New Orlea
La; Joseph d. Freedman, 10 shares, N
= Orleans. La.
Witnesses: J. H. Wiener. Gerald Nette
er VICTOR X. KAN.
4, Notary Public
~ ], the undersigned, Recorder of Nc
cages, in and for the Parish of Orlea
- State of Louisiana. do hereby certify d
G the Act of Incorporation, of the Louisis
Tire CO., 1ne., was this day duly recort
in my office in Book 1916, folio =,
(sIGNEDj RoBT. SCOTT.
Dpty
A true copy.
g. Notary Public
VICTOR K. KHAN,
., Jan. 13-Feb. II.