The herald., 1921-01-13
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY, INCORPORATED.


State of Louisiana, Parish of Orleans,
City of New Orleans; BE 1t known Ihat
on this 18th day of January, 1921, before
me, Victor X. 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 tnem-
selves of the provisions of the law OF the
State of Louisiana in such case made ana
provided, they have c0venanted 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 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
ton, to-wit:
ARTICLE 1.-The name of this corpora
tion shall be the Louisiana Tire company;
Incorporated, ard under this name snail
have and enjoy ell the rights, advantages,
and provisions granted by law tn corpora
tions for the full term and per1cc OF
Ninety nine (99) years from this day. II
shall have the power to contract; 10 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-
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
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 II-This corporation is
formed for the purpose OF engaging IN the
business of manufacturing, repairing, Duy
ing and selling automobiles, automoplle
tires, automobile supplies and accessories
of every type and description end OF en-
gaging in the said business at wholesale
and retail, for import and export Tor IT.
self and as agent, and generally TO nave
all such powers and privileges as are In
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 Iv.-The capital stock Of this
corporation is hereby fixed at five th0us-
and dollars ($500O.O0), divided into fifty
shares of one hundred dollars $1OO.OO)
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 ffty per
cent of the capital stock shall have been
Issued and paid for. The remaining stock
J 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-hfth 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 part OF the capital
The profits so treated must equal in value
Il al. aI,,A Of c4aa I'D
/ No stockholder shall sell or in any way
| dispose of, mortgage, or hypothecate his
| stock without first offering 1t to the cor
poration which shall have thirty days to
| decide whether 1t 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 $1OO,OO0.OO).
ARTICLE v.-The affairs Of this cor.
poration shall be controlled by Board o.
Directors consisting of not less than three
Directors. said Directors to be elected an
nually by the stockholders. The Board O.
Vice-President, Secretary Treasurer ant
General Manager. The last two Offices
may be held by the same peson. The Di
| rectors may vote by mail on questions t
be determined during the year and a 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 an,
the laws of Louisiana whether such pow
ers are specifically set forth and claime'
or not. No statement of it's powers an,
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 tn
amount of stock subscribed by each o
them in order that this may also serve a
the original subscription list of the cor
poration.
(ORIGINAL sIGNED):
Ben Frank, 10 shares, Nashville, Tenn.
La; Joseph ID. Freedman, 10 shares, New
Orleans. La.
:. Witnesses: J. II. Wiener. Gerald Meter.
| VICTOR K. KHAN.
Notary Public.
/, the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
State Of Louisiana, do hereby certify tina
the Act of Incorporation, of the Louisian
Tire Co., Inc, was this day duly recorde
in my Office in Book 1916, folio =, Ne,
Orleans. January II, 1921:
(SIGNED) ROBT. SCOTT,
Dpty.
Notary Public.
VICTOR x. KHAN,