The herald., 1922-07-06
CHARTER.

| tomobiles and automotiye driven vehicles
| of all kinds: to own, operate and control
! automobiles and automotive driven We
/ hicleS for hire: TO own install. operate
| and control gasoline filling stations.
l To engage in agency relations for the
( agency, dstributOrship of automobiles,
with the manufacturers thereof
The said corporation shall have the right
| to sue aud he sued; to make, have and use
! IA corporate seal and the same TO break,
| change or alter at pleasure; to acquire,
/ own. hold. receive. purchase. pledge, mort
| gage under its corporate name property
both real and personal; lend or borrow
money. to establish and maintain out of
! its receipts from any source whatever
/ such special funds as may be deemed ad-
viSable in order to create sinking, con
! tingent or Reserve fund to cover losses;
to name and appoint such officers and
agents and to do aud perform all things
| and acts may appear and be in the
interests and for the convenience of the
/ said corporation.
Ne said corporation shall have the
right also to make and establish such
bylaws, rules and regulations for the
proper management and regulation of the
affairs of said corporation as may be
| necessary and proper, and the same TO
change. alter. modify or break at pleas
ure The said corporation shall also have
the right to purchase and own the build
ing where in is established their offices,
repair shop. exhibition room or rooms
and all such property necessary and es-
sential to the successful prosecution of
said business and to hold and own such
other property as may be deemed pru-
dent and wise in the discretion of the
board of directors.
ARTICLE HI-The amount of the
capital stock Of this corporation Is
hereby fixed at 9TH the sum Of twelve
mon stock, which said capital stock
may. in the discretion of the board of
! directors be increased to the %, sum OF
Said capital stock shall be divided into
one hundred and twenty Q2Ol shares at
par value Of one hundred (SlOOOO) dollars
] each. and the said stock shall be paid Tor
! when subscribed or may be issued In
. WHOLE or in part at not less than par for
, property actually purchased or received
by the corporation. No fractional shares
|. shall ever he issued.
f; ARTICLE IV-The location of the domi-
ellie of the said corporation shall be in the
City of New Orleans, State of Louisiana
: and service of citation. and all other legal
process shall be made upon the president
of this corporation, or in case of his alb
l serre or inability to act upon the vice
! president, secretary treasurer, In the order
; named. The said corporation shall nave
] and enjoy succession, by and in its cor
y porate name for a period of ninety nine
y l99) years from the date of this Act
q ARTICLE y-The business and affairs
!, | of this corporation shall be conducted by.
Q and all corporate powers vested in, and
q exercised by a board of directors com
posed of not less than three (3) and not
m more than i've (5) STOCKHOLDERS 10 ne
y elected by the stockholders. annually, by
:, ballot on the third (3) Monday in August
!, of each year, commencing with the year
10 1923, or any subsequent date announced
~ by the board of directors in case no
I election shall have been held or taken
, place on this said date. after a fifteen Q5)
;, days notice. which shall have been given
" to each stakeholder by written notice
y mailed to each stakeholder at his last
Is known pOstoffice address and said election
n shall he held at the office of the corpora
ton under the supervision of two com
) missicners, appointed by the board of
=. directors at its last preceding regular
y meeting, at said election each stakeholder
10 shall be entitled to cast his vote as speci-
fed in Section IL of Act 267 of the Gene
r raj Assembly Of the State of Louisiana for
ID the year 1914. or any amendment thereto.
70 The stockholders receiving a majority of
v the votes cast shall be declared elected.
x The board of directors so elected shall
Immediately thereafter proceed to elect
ii one of it's members to be president, one
N to be vicepresident and one to be sec
N rotary treasurer of the corporation, and
m they shall serve until their successors
~ shall have been duly elected and qualified
!, ARTICLE vI-The first board of direc-
=, tors shall be composed of the following
T. named stockholders: J. Newton Ward
Samuel Samprevive and Peter s. Jackson,
and of the above named: J. Newton Ward.
" shall be president; Peter s. Jackson shall
:. be vice president; and Samuel Sampre-
" vive shall be secretary treasurer, and they
w. shall serve until the fourth az Monday
y in August 1925, or until their successors
T. shall have been duly elected and qualified.
:, Any vacancies occurring In the board OF
g directors among the officers shall be
- filed by the remaining directors.
n ARTICLE vII-Stockholders meetings.
,g or other meetings for the election of d.
rectOrs may be held as prescribed by Sec
c. tion 10 of Act No 267 of the General AS
10 sembly of the State of Louisiana for the
year 1914, or any amendments thereto
The corporation and the officers and di-
rectors shall have all the rights and
powers, and this corporation may be
amended or dissolved or its affairs liqui-
dated as provided for by provisions OF
T. Act 267 of the General Assembly Of the
ls. State of Louisiana for the year 1914, OF
" any amendments thereto.
W ARTICLE VIII-No stakeholder shall
=. ever be liable or responsible for the con-
" tracts or faults Of this corporation in any
further sum than the unpaid balance due
on the stock subscribed for by him. nor
shall any mere informalty in its incor-
pOration or organization serve or tend 10
- have the effect OF rendering this charter
null or of exposing any stakeholder &c
any liability other than as herein pro-
vided.
D. ARTICLE IX-No stockhoider shall have
the right to dispose, ALLEVIATE, or other
6 wise cucumber his holdings or stock in
az this corporation without first notifying
no the said corporation In writing fifteen 15)
a DAYS before so doing and the stock
nd holders Of said corporation shall have the
os right and privilege Of availing them
= selves Of the holdings or stock offered
~ ARTICLE X-This corporation shall be
~ and become a going concern soon as
- six thousand (S6 200 O0) dollars shall have
- been subscribed and four (s4,0O0.O0) thons-
!, and dollars shall have been paid into the
"A said corporations treasury.
al The subscribers have hereunto written
h opposite their names the amounts Of stock
sh in this corporation subscribed for by
AZ them each Of them, that this Act OF
~ incorporation may also serve as the erigi'
rh nal subscription list of the corporation.
r Thus done, signed and passed in my Of
nj flee at New Orleans, State of Louisiana
or on the day and in the month and yeai
d. herenabove first written in the presence
's of George Daniel and John II. Surgi
10 competent witnesse who have signed theii
as names hereunto together with the said ap
ne bearers, and me, notary, after due read
es ing Of the whole.
~ Name of subscribers omitted)
y I, the undersigned Recorder Of Mort
a. cages, in and for the Parish Of Orleans
~ State Of Louisiana. do hereby certify tina
~, the above and foregoing Act of IDcorpora
No ton. OF The Louisiana Motors CO.. Inc.
or was this day duiy recorded in my office II
he Book 1893. folio 436.
New Orleans, June oath, 1922.
-, Deputy Recorder
Go (Signed) ROBT. SCOTT.
20 l. the undersigned authority do hereb.
"a certify that the above and foregoing Ac
e" of INCORPORATION Of The Louisiana Motor
uith cartincafa n