The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-27
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY, INCORPORATED.

CHARTER OF THE LOUISIANA TIRE
COMPANY, INCORPORATED.
State of Louisiana, Parish of Orleans,
City of New Orleans; Be it known, That
on this 18th day of January, 1921, before
me, Victor h. KAN, notary public. 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 laN of the
State of Louisiana in such case made and
provided. they have coyenanted and agreed,
and do by these presents covenant. agree
and bind themselves as well as all such
others as may hereafter become associated
with them. to form and constitute a cor
poration for the objects and purposes
and under the articles and stipulations
hereinafter set forth and expressed. which
they adopt as the charter of this corpora
tiOn, 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 10 corpora
tions for the full term and period of
Ninety-nine (99) years from this day. 1t
shall have the power to contract; to sue
and be sued to make and use a corpora
ton seal and alter the same at pleasure
to hold, receive, purchase, convey, mort
gage and hypothecate, property, real per-
pOreal; to name, appoint and elect such
officers, directors, managers, agents and
employees as its business may require; to
make and establish, alter and amend such
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
lana, where legal process shall be served
upon the president of the corporation or
in his absence as directed by law.
ARTICLE III.-This corporation is
formed for the purpose of engaging In the
business of manufacturing, repairing, buy
ing and selling automobiles, automobile
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 it
self and as agent, and generally to have
all, such powers and privileges as are in
cidental 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 Iv.-The capital stock of this
corporation is hereby fixed at five thous-
and dollars (S5.O0O.O0), divided into fifty
shares of one hundred dollars ($100.00)
each, said stock to be paid for before is
suing and to be fully paid and nonaccess-
able. The corporation shall begin business
, as a going concern as soon as fifty per
cent of the capital stock shall have been
Issued and paid for. The remaining stock
shall be offered to Ben Frank of Nashville,
| Tenn; NJ. Pilsk, Nashville. Tenn; Abram
Frank, Nashville, Tenn; J. ID. Freedman,
of New Orleans, and Victor c. Burk, of
New Orleans. in proportion of one.ffth of
the capital to each, said stock to be paid
for at par, before offering the same to the
general public. The corporation may Is
sue the shares retained to the stockhold-
ers in case the profits of the business are
taken in and become a part of the capital
The profits so treated must equal in value
the par value of stock issued.
No stakeholder shall sell or in any way
dispose of, mortgage, or hypothecate his
stock without first offering Ii to the cor
poration which shall have thirty days to
decide whether it will purchase the stock
or not. For the purposes of sale, such
stock shall be valued in accordance with
the financial report of the corporation i'm
mediately preceding the offer to sell.
All transfers of stock must be made
upon the books of the corporation and the
original certificate surrendered, properly
endorsed. The corporation shall have the
power to increase its capital stock to one
| hundred thousand dollars (s100,000.0c).
ARTICLE v.-The affairs of this cor
| poration shall be controlled by a Board OF
Directors consisting Of not less than three
| Directors, said Directors to be elected an.
nually by the stockholders. The Board OF
Vice President, Secretary Treasurer and
| General Manager. The lasta two offices
| may be held by the same peson. The Di-
| recrors may vote by mail on questions to
be determined during the year and ma
| jority vote in this manner shall be con-
| trolling as to the question submitted.
ARTICLE vI.-This corporation shall
have all the rights and powers conferred
upon corporations by the constitution and
! the laws of Louisiana whether such pow.
| ers are specifically set forth and claimed
| or not. No statement of its powers and
| authority shall be considered a limitation
Of said power and authority.
In testimony whereof said parties hav,
| hereunto signed their names in the pres.
ence of me, Notary, and undersigned wit
nesses and set opposite their names the
amount of stock subscribed by each OF
| them in order that this may also serve az
the original subscription list of the cor.
poration.
Ben Frank. 10 shares, Nashville. Tenn.
Victor c. Burk, 10 shares, New Orleans
La; Joseph ID. Freedman. 10 shares, New
Orleans, La.
Witnesses: J. H. Wiener. Gerald Meter.
VICTOR K. KHAN.
Notary Public.
i, the undersigned, Recorder of Mort
cages. in and for the Parish of Orleans
the Act of Incorporation. of the Louisiana
| Tire Co., Inc, was this day duly recorded
In my office in Book 1916, folio :, New
(sIGNED) RoBT. SCOTT,
Dpty.
| Notary Public.
| VICTOR K. KHAN,