The herald., 1921-12-08
CHARTER OF MICHON & LATER
RIERE INC

United States OF America, State of Lou
isiana, Parish of Orleans, City of New
Orleans, BE it known, that on this day
of November, in the year one thousand.
nine hundred and twenty-one, before
me Jones T. Prowell a notary public in
and for this city and the Parish of Or.
leans. State of Louisiana therein resid
ing, duly commissioned and qualified, and
in the presence of the witnesses herein
after named and undersigned, personally
came and appeared, the several persons
whose names are hereunto subscribed.
who declared to me, notary, that availing
themselves Of the provisions of the laws
of this state relative to the organization
Of corporations, and particularly to Act
No. 267 of 1914, they have covenated and
agreed. and by these presents do cove
nant and agree for themselves, their sue
cessors and assigns, to form themselves
into a corporation and body polite, for
the objects and purposes, and under the
stipulations hereinafter set forth, towit
ARTICLE 1.-The name and title of
this corporation shall be Mchon & Later
riere, Inc, and under such title it shall
have and enjoy succession and existence
for a period of ninety nine years from
the date hereof. unless sooner dissolved ;
is shall have power and authority to con-
tract, sue and be sued; to make and use
a corporate seal, the same to break and
alter at pleasure; to have. hold. buy. sell,
property, real. personal or mixed, neces-
sary, proper or incidental for the carry
ing on of its business, as well as to issue
bonds or notes secured by such mort
cages; to make and issue notes and other
certificates of indebtedness; to name,
elect and appoint managers. directors,
clerks and other employees to properly
conduct its corporate business; TO make
such bylaws, rules and regulations ms
may be necessary or found desirable for
the management of it's business and af-
fairs; and. generally, to do every other
act, matter or thing necessary or desir-
able for the complete and the proper car
rying out Of said business, both in the
State of Louisiana and elsewhere.
ARTICLE 1.-THE domicile of this
corporation shall be in the City Of New
Orleans, Parish of Orleans, State of Lou
isiana, where all citations or other legal
process shall be served upon the Presi
dent, or in his absence on the vice-Pres-
ident. and in the absence of both on the
Secretary.
ARTICLE III-The objects and pur-
poses for which this corporation Is or
ganized and the nature of the business
to be carried on by 1t are hereby de
clared and stated to be: The wholesale
and retail buying and selling of automo'
biles and motor and all other spe-
cies and kinds of machinery, both new
and second hand, on commission, con
signment and otherwise; to do n general
garage and automobile business: to dc
the general repairing of automobiles. mo
tor boats. and all species and kinds Of
machinery; to store all kinds of automo
biles, motor boats. and all kinds and spe
cies Of machinery, for itself and others
and to make reasonable charges for ser
vices In storage Of said automobiles, motol
| boats and machinery; to act as manufac
| turer's agent and receive and sell automo
biles. motor boats and all other kinds ane
species of machinery; to acquire and OWL
| stock In other corporations; and. gener
| ally to do and perform any and all thing
| necessary or convenient to carry out SAID
objects and purposes, In the State o.
Louisiana and elsewhere.
ARTICLE IV.-The capital stock
this corporation Is hereby fixed at Twen
ty Thousand Dollars (s2000O.00), divided
Into two hundred shares t200) Of the pa
value Of One Hundred Dollars (slOo0o
| each; provided. that the amount To whlci
the capital stock of this corporation ma!
be increased shall be One Hundred Thou
sand Dollars ($100,00O.OO). or one thou
sand shares (10O0).
| One hundred shares (1O0). or Ten Thou
snad Dollars (s10.00OOO) of the capita
stock Of this corporation must be sub
scribed before the fling Of the articles 0
Incorporation. The subscribed capita
stock Of this corporation shall be pay
able in cash, property (real or personal,
good Will. or for labor and services rem
dered and performed.
| No stakeholder shall ever be held liabl
or responsible for the faults. contracts
debts of this corporation In any furthe
sum than the unpaid balance due the cor
poration on the shares Of stock SUP
subscribed By him. nor shall any mere IN
fcfnality id organization have the en9c
Of rendering this charter null. or OF eA
posing any shareholder to any habint.
| whatsoever. =,
This corporation shall not engage y
business until One Hundred shares llOo
or Ten Thousand Dollars (S1O.OOOOO)
the capital stock shall have been issue
and paid in, in cash, property or goo
| will. If any stock of this corporation !
exchanged. either In whole or in part. 10
property or good will. in that event IN
| provisions of Section Of Act 261 OF lsl