The herald. [volume] (New Orleans, La.) 1905-1953, 1921-01-20
CHARTER.
CHARTER OF THE LOUISIANA TIRE
COMPANY, INCORPORATED.

COMPANY, INCORPORATED.
State of Louisiana, Parish of Orleans,
City of New Orleans; BE it known, That
on this 18th day of January, 1921, before
me, Victor h. 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 seyerally 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, to-wit:
ARTICLE 1.-The name of this corpora
ton shall be the Louisiana Tire Company,
Incorporated, and under this name snail
have and enjoy all the rights, advantages,
and provisions granted by law to corpora
tons for the full term and period OF
Ninety nine 800 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 it's 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
leans, Parish of Orleans, State of Louis
lana. where legal process shall be served
upon the president of the corporation or
in absence directed
ARTICLE II.-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 Iy.-The capital stock bf this
| corporation is hereby fixed at five thous-
| and dollars ($5,000.OO). divided into fifty
shares of one hundred dollars (SlOO.OO)
each, said stock to be paid for before Is
suing and to be fully paid and nonaccess-
able. The corporation shall begin business
F., as a going concern as soon as fifty per
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
| 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
| general public. The corporation may Is
! sue the shares retained to the stockhold-
| ers in case the profits of the business are
! taken in and become a part of the capital
| rs 80 m ST in g
! the par value of stock issued.
| No stakeholder shall sell or in any way
| dispose of, mortgage, or hypothecate his
| stock without first offering 1t to the cor
poration which shall have thirty days to
| decide whether 1t will purchase the STOCK
or not. For the purposes of sale, such
| stock shall be valued in accordance with
| the financial report Of the corporation i'm.
mediately preceding the offer to sell.
| All transfers of stock must be made
upon the books of the corporation and the
original certificate surrendered, properly
| endorsed The corporation shall have the
power to increase its capital stock to on'
hundred thousand dollars $1o0,O00.0O).
| ARTICLE v.-The affairs of this cor
| poration shall be controlled by Board Of
| Directors consisting of not less than thret
Directors. said Directors to be elected an
Directors shall elect annually President
vice-President, Secretary Treasurer anC
| General Manager. The last two office,
may be held by the same peson. The Di
be determined during the year and 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 claimed
| or not. No statement of its powers ant
authority shall be considered a Limitation
of said power and authority.
4 In testimony whereof said parties hav,
hereunto signed their names in the pres
ence Of me, Notary, and undersigned wit
nesses and set opposite their names tn,
amount of stock subscribed by each o
them In order that this may also serve n
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: J. n. Wiener. Gerald Meter.
| Notary Public.
, I. the undersigned, Recorder of Mort
cages, in and for the Parish of Orleans
| State OF Louisiana, do hereby certify tina
the Act of Incorporation, of the Louisian
Tire Co., Inc, was this day duly recorde,
in my office in Book 1246, folio :, New
orleans; January IL, 1921
| Dpty.
| Notary Public.
! VICTOR K. KHAN,