The herald. [volume] (New Orleans, La.) 1905-1953, 1921-02-03
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY. INCORPORATED.

State of Louisiana, Parish of Orleans,
City of New Orleans: Be II 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 availing 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 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
ton, t0-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
tons for the full term and period of
Ninety nine 500 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-
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
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 1t
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 ($5OO0.OO). divided into fifty
shares of one hundred dollars ($lOOOO)
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 pei
cent of the capital stock shall have beer
, Issued and paid for. The remaining stocb
shall be offered to Ben Frank of Nashville
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 ar,
| taken in and become a part of the capital
The profits so treated must equal in value
| the par value Of stock issued.
.bon coll m In INV NOV
dispose Of, mortgage. or hypothecate hi
stock without first offering Ii to the cor
poration which shall have thirty days t.
| decide whether 1t will purchase the stool
| 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'
original certificate surrendered, properl,
| endorsed. The corporation shall have thu
power to increase its capital stock to on
hundred thousand dollars ($100 ,OO0O0).
! 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 ant
may be held by the same peson. The Di
| rectors may vote by mail on questions I,
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 ant
! 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 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
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.
| Victor c. Burk, 10 shares, New Orleans
La; Joseph ID. Freedman, 10 shares, New
| Orleans. La.
Witnesses: I. II. Wiener Gerald Meter.
| VICTOR K. KAN,
| Notary Public.
I. the undersigned, Recorder of Mort
| State Of Louisiana, do hereby certify tina
| Tire Co., Inc, was this day duly recorde
In my Office In Book 1246, folio -, Ne,
Orleans. January IL, 1921.
(SIGNED) R0BT. SCOTT,
Dpty.
Notary Public.
| VICTOR Z. KAN,