The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-10
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY, INCORPORATED.

State of Louisiana, Parish or orleans,
City of .;ew Orleans: Be it known, That
on this 18th day of January, 1921, before
me, Victor X. KAN, a 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 ayailing them
selves of the provisions of the law of 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 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
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 (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-
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 idomicile 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 IH-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 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 thous-
and dollars ($5,0O0O0), divided into fifty
| shares of one hundred dollars ($1000O)
I each. said stock to be paid for before is
suing and to be fully paid and nonaccess
. able. The corporation shall begin business
| as going concern as soon as fifty pei
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
4 It n. .
of New Orleans, and Victor c. Burk, OF
| New Orleans. in proportion of one-fifth Of
| the capital to each, said stock to be paid
for at par, before offering the same to thu
general public. The corporation may IS
| sue the shares retained to the stockhold
ers in case the profits of the business ar,
taken in aud become a part of the capital
The profits so treated must equal in valu,
the par value of stock issued.
No stakeholder shall sell or in any way
nf hxnA 70
stock without first offering it to the cor
poration which shall have thirty days t
decide whether IL will purchase the stool
or not. For the purposes of sale, sucl
stock shall be valued in accordance will
the financial report of the corporation i'm
mediately preceding the offer to sell.
All transfers Of stock must be mad
upon the books of the corporation and tn
original certificate surrendered, properl!
endorsed. The corporation shall have tn
power to increase its capital stock to on
hundred thousand dollars ($1O0, 0O0.O0).
ARTICLE v.-The affairs Of this cor
poration shall be controlled by Board o
Directors consisting of not less than tire
Directors. said Directors to be elected an
nually by the stockholders. The Board o
Directors shall elect annually President
Vice President. Secretary Treasurer an
General Manager. The last two office
rectors may vote by mail on questions t
be determined during the year and a ma
| jorfty vote in this manner shall be con
trolling as to the question submitted.
ARTICLE vI.-This corporation shal
have all the rights and powers conferre
| upon corporations by the constitution an
the laws Of Louisiana whether such pow
ers are specifically set forth and elaine
or not. No statement of its powers an
authority shall be considered q hmitatio
| of said power and authority.
II In testimony whereof said parties hav
hereunto signed their names in the pres
ence Of me, Notary, and undersigned vii
nesses and set opposite their names tn
amount Of stock subscribed by each q
them in order that this may also serve q
the original subscription list Of the col
| poration.
(oRIGINAL sIGNED):'
Ben Frank. 10 shares, Nashville, Tenn
Victor G. Burk, 10 shares, New Orlean,
La: Joseph d. Freedman. 10 shares, Me-
! Orleans. La.
Witnesses: J. II. Wiener. Gerald Meter
VICTOR K. KAN,
Notary Public.
/. the undersigned, Recorder Of Nor
cages, In and for the Parish Of Orlean
Z State Of Louisiana, do hereby certify tbs
, 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 IL. 1927.
(SIGNED) ROBT. SCOTT,
Il Dpty.
A true copy.
; Notary Public
VICTOR x. KAN.
Jan. 13-Eeb. II.
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