The herald., 1921-06-30

CHARTER OF THE
wOODyILLE MOTOR COMpANY, INC.
United States of America. State OF Louis !
lana, Parish of Orleans. city OF New Ut
leans; Be il known, that on TINS irst
day Of the month of June, In the year o,
our Lord the one thousand nine hunoreu
and twenty one. and OF the lnoepehoence
Of the United States OF America lne Vne
hundred and forty-fifth, Before me, Ar
thur A Moreno, a Notary Pubic, ouIy
commissioned and qualified. In ana TOT
this City and the Parish OF orleans;
therein residing, and In the presenSe "a
the hereinafter named and undersigned
witnesses. personally came and appeared
the following persons whose names arr
hereunto subscribed, together with the
amount of their respective suoscrlptlons
to the capital stock of the corporation 10
be formed, who severally declare that
availing themselves of the provisions OF
the general laws Of the State or Louisiana
relative to the ORGANIZATIONS OF corp ,oad
lions, they have cOyenanted and agreed,
and do by these presents covenant ana
agree and bind and obhgate themselves,
as well as such other persons as may
hereafter become associated win Ineti'
or their successors, to form and consul,
| tute themselves into corporation ana
body polite in law, and for the OoJecu
and purposes and under the agreements
and stipulations following. to-wit:
ARTICLE 1.-The name and title OF
this CORPORATION shall be wOODvILLE
| MOTOR COMPANY. INC, and by TINS
| name and title this corporation snail nave
| power and authority to nave ana emu!
| succession for the full term OF ninety -hlne
| 1891 wears from the date hereof; to con-
| tract sue and be sued; TO borrow money
| to make and issue its negotiable, prom
| issory notes, or other EVIDENCES Oh III
| debtedneSs: to create DEBTS 10 MAKE anu
use a corporate seal; to purchase and re,
| geiye lease hold sell and convey, as wen
as mortgage and hypothecate, property,
| real. personal and mixed; TO name anu
appoint such officers and agents as the
| interest of said corporation may require;
| to make and establish such bylaws ana
| regulations for the proper management
and regulations of its affairs as may De
deemed necessary, and the name TO change'
alter and amend at pleasure.
| ARTICLE 1.-THE domicile OF this cor
poration shall be in the City of New Or
leans. Parish of Orleans, State or LOUIS
lana and all citations and other legaI pro.
cess shall be served upon the president OF
this corporation, or, in case OF MS an.
sence. upon the secretary, or. in case OF
the absence of both of these officers, upon
the treasurer hereof.
| ARTICLE III.-The objects and pur-
poses for which this corporation Is es-
tablished and the nature of the business
to be carried on by II are declared 10
be to engage in the buying and selling OF
automobiles. tractors, automobile ana trac-
tor parts and accessories and 10 repre-
sent agent the manufacturers VI hu.'
mobiles tractors, automobile and tractor
parts and accessories, and generally 10
do each and every thing in connection with
the business of buying and selling auto
mobiles. tractors. automODlle anu tTdC'oI
parts and accessories.
| ARTICLE Iy.-The capital stock of this
corporation shall be Ten Thousand tslO,
OOOOO) dollars. divided into one hundred
900 shares of the par value OF One Hun
dred (s1O000 dollars each; and ~ may De
| thn SnU n
| $50 OOOOO) dollars divided into five hun
bred 5000 shares of the par value OF one
Hundred (SlOOOO) dollars each, and TINS
corporation is to be a going concern when
one-half Of the capital stock has been
subscribed and one-half of which SUP
! scription has been paid for.
Each share of said stock shall be en-
! titled to one ID vote, either in person OF
by proxy, at all general elections or meet
ings of the stockholders
ARTICLE v-No stakeholder shall ever
be held liable or responsible for the in
debtedness faults or defaults of this cor
poration, nor shall any mere lnformaiity
in the organization of the corporation
have the effect of rendering me Ina 9nar' 81
null, or of exposing the stockholders &c
: any liability beyond the unpaid balance
, If any, on their subscriptions.
ARTICLE VI-This corporation shall
Ihave all the powers granted to such cor
porations by law and shall have the power
! to contract, sue and be sued in its cor
: porate name, and to own, hold, receive
loan lease, purchase sell and convey OIL
mortgage any and all Of it's effects, oil
to hypothecate. its property and TO az
any and all acts and things OF any othei
kind. nature or description as may d,
necessary to carry out the objects anC
purposes of said business. as its interests
and. conveniences may require.
ARTICLE vII-Thc business of tbi:
: corporation shall be directed by and vest
ed N a board of directors OF four "a
members. three of whom shall constitute
/, a quorum for the transaction of business
e and the said board of directors as mrs
> constituted shall be composed OF q. I
/, Russ, H. P. Nathan, G. Owen Vincent am an,
e office until the first Wednesday in jun
! 1923, and on that day and on the sam,
; day thereafter each year, elections snal
e be held for directors at the principal or
! shall be held at the hour of twelve noon
G.. 2. Russ shall be first president
d Fl. p Nathan shall be first secretary ant
o G. Owen Vincent shall be first treasurer
:, and they shall hold office until the firs
e Wednesday in June, 1923.
Failure to hold an election on the da.
| specified shall not dissolve the corpor
u alton, but the directors shall hold thei
t respective offices until an election shal
e be held after thirty days notice of tn
: time and place thereof given to each stock
y holder.
;, Directors may act either in person o
" by proxy.
II ARTICLE vIII-whenever this corpor
3 alton is dissolved. either by limitation, o
J. for any other cause, its affairs shall b
5 Iliquidated by the board of directors, WI
r are hereby vested with full power to Sc
. any or all assets of the corporation, eithe
a separately or in a mass. and to conve
p full and complete title thereto, and sha
d have full power to do and perform a
1. acts necessary and proper to fully an
: completely liquidate the affairs and dis
r tribute the proceeds. If any, among tn
II stockholders of this corporation to tn
v amount of stock held by each.
IS Thus done and passed. in my notaria
lie office. in the City of New Orleans, o
IS the day, month and year first above writ
+ ten, in the presence of A. c. Stechman
IL and Gladys L. Rider competent witnesse:
II who hereunto sign their names, togethe
e with the parties thereto and me, Notary
( after a reading of the whole.
l. G. owen Vincent. 1876 Union Street, Me-
: Orleans, La, Twenty shares; Harold ]
re Nathan, 1876 Union Street, New Orlean
= La, Twelve shares; Ruth NJ. Seller, Ne
., Orleans, La, Thirteen shares; q. i. Rus
u Woodville Miss. Thirty-fivc shares.
IT &c. Stechmann. Gladys f. Rider.
Recorded in Orleans Parish in NJ.
le A. A. MORENO.
t. Notary Publ
lie A true and correct copy Of the origins
lie now on file and of record in my offic'
IF re, orded ia NJ o. Il.
e. June 16-July q.
" CHARTER OF
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