The herald., 1921-01-13
CHARTER.
CHARTER OF BRINGIER-HOBBs MO-
TOR CAR COMPANY, INC.


twenty, and of the Independence of the
United States Of America, the one hundred
and forty-ffth, before me, John Marshall
QuinterO, a notary public, duly commits
stoned and qualified, in and for this city
and the Parish of Orleans, therein resid-
ing, and in the presence of the witnesses
hereinafter named and undersigned, per-
sOnally came and appeared the persons
whose names are hereunto subscribed, who
declared that, availing themselves or the
provisions of the laws of the State of Lou
isiana, relative to the organization of cor
pOratiOns, and more particularly Act NO.
267, of the General Assembly of this State,
approved July o, 1914, they have covenant
ed and agreed, and do, by these presents,
covenant and agree, bind, form and consti-
tute themselves, well as such persons
as may hereafter join or become associated
with them. into a corporation and body
polite in law, for the objects and purposes
and under the agreements and stipulatiOns
following. tO-wit:
ARTICLE 1.-The name and style of this
corporation shall be Bringier- Hobbs Motor
Car Company, Inc, and under that name
it shall have and enjoy all the rights, priv
ilegeS and advantages granted by law to
corporations: ii shall exist for a period of
ninety nine years from this date; il shall
have the power to contract, sue and be
sued in its corporate name; to make and
use corporate seal. and the same to break
or alter at pleasure; to hold, receive, pur-
chase. cultivate, improve, convey, mortgage.
hypothecate or pledge property, both real
and personal: to issue bonds notes and
other obligations or negotiable inStru
ments; to have and employ such managers,
directors, officers, agents and other en-
plOyees as the interest and convenience of
said corporation may require or demand; ;
to make and establish such bylaws, rules
and regulations for the corporate manage
ment and control of the affairs of the cor
poratiOn as may be deemed necessary and
eXpedient.
ARTICLE 1.-THE domicile of said cor
pOratiOn shall be established in the City of
New Orleans State of Louisiana, and all
citations and other legal process shall be
served on the President; in his absence, on
the Secretary, and, IN the absence of both,
on the Treasurer.
ARTICLE II-The objects and pur-
poses for which this corporation is created
| are hereby declared to be: To engage in
| the general automobile business: to buy.
| sell and deal in automobiles, automobile
parts and accessories. including the sal
| and purchase of gasoline. and to do a gen
eral automobile storage business, by day,
| week or month. under such terms and con-
| ditiOns the Board of Directors may
| deem fit and proper, well as to engage
| in the automobile repair business, and all
other lines of business identified with or
| incident to dealing in and repairing auto
| mobiles.
| ARTICLE IV.-The capital stock of this
corporation is hereby fixed at the sum of
| twenty-five thousand dollars (S25.OOOOO)
divided into two hundred and fifty (25Ol
| shares, of the par value of one hundred
dollars ($1OO0O) each. All shares of stock
shall be full paid and worcestershire, and
| shall be paid for in cash or in property
taken over by the corporation. No trans
fer of stock shall be binding on the cor
| poration unless made upon its books, and
all certificates of stock shall be signed by
| such officers as may be designated by tbs
| Roar I'd 0f DireptorS This cOrDOratiOn shall
have the right to increase its capital stock
| to the further sum of fifty thousand dollars
| $3.50, 000.O0), to be divided into shares OF
one hundred dollars (S1OO.OO) each, pro
vided said increase in the capital stock
shall have been authorized by the stock
holders at a meeting to be held pursuant
! to the provisions of Article of this char
ter.
ARTICLE v.-An the corporate power:
of the company shall be vested in, and
the management and control of its affairs
shall be exercised by Board of Direc
tors composed of five stockholders, ma
jority of whom shall constitute quorum
for the transaction of all business. Th'
Directors shall be elected annually o!
ballot on the fifteenth day of February
in each year. Each stakeholder shall b'
entitled. in person or by proxy, to on
vote for each share of stock owned by him
and all elections shall be under such rule
anG regulations as may be determined b!
the Board Of Directors, after fifteen 10
days notice by mail of such election shal
have been sent to each stakeholder at nj
last known address. The Directors thu
elected shall continue in office for one year
or until their successors shall have beel
duly elected and qualified. No failure t
elect shall be regarded as forfeiture
this charter. Any vacancy occurring OF
! | said Board of Directors shall be filled b.
the remaining Directors for the unexpire'
term. The said Board shall, at the frs
meeting after its election, nominate. on
| of its number, a President, a Vice Presi
dent and a Secretary and Treasurer. III
Offices of Secretary and Treasurer may b
, held by one person. Said Board shall hay
the right to appoint and dismiss sue
| clerks. managers and other employees Q
the corporation as conditions may justin,
or the business of the corporation may re
Quire The tenure of Office of all employee
, of the corporation shall be during tn
pleasure of the Board of Directors. An
of the Directors, or officers. shall have tn
right to appoint, by written instrumen
another Director or stakeholder to act ?
his proxy, and in his stead, at any an
all meetings of the Board of Directors.
ARTICLE yI-Until the election to b
held on the fifteenth day OF Februar!
1922 the following shall constitute tn
: first Board of Directors, viz: .Amedt
A. Bringier. William Hobbs and Geore
G.. Harris, of whom Amedee Gordon Bril-
, gier shall be President. ElZee L. Brtngie
shall be vice PRESIDENT, ana LOUIS :
Bringier shall be Secretary Treasurer. an
they shall hold Office until the fifteenth da
of February, 1922.
ARTICLE VII.-This corporation sha
become going concern when thirtee
thousand dollars (S13,0O0.O0) Of its capits
stock shall have been subscribed.
ARTICLE vIII.-No stakeholder of thi
Corporation shall ever be held liable or rt
sponsible for the contracts, faults or debt
of said corporation, nor shall any mer
informality in its organization have tn
effect of rendering this charter null or {
exposing any stakeholder to any liabilit
beyond the unpaid balance due on tn
shares owned by him.
ARTICLE IX.-No stakeholder in TIL
corporation shall dispose of his stock
any third party without first Offering
| to the corporation at its book value. IT
corporation shall have thirty 800 da!
within which to accept or reject TINS one
| and IL said offer is not accepted upon Il
| expiration of thirty 1907 days, he ca
then dispose of his stock as he deem
proper.
ARTICLE X.-This act Of incorporate
may be changed modified or altered,
this corporation may be dissolved, wi
the assent of the stockholders own1I
three-fourths of all the stock OF the CO
pOration, at a general meeting conven
for that purpose, and at least after Q
days written notice of this meeting n
| haan oivap fhrouoh tho mail. addressed