The herald., 1922-07-20
CHARTER.

/ gag"g in the repair and renovation of au-
/ tomobileS and automotive driven vehicles
/ of all kinds; to own. operate and control
/ automobiles and autumotiy. driven We
hiclrS for hire. to own. install. operate
( and control gasoline filling stations.
To engag" in agency relations for the
. agency, dstrihutorshiP OF automobiles,
with the manufacturers thereof
The said corporation shall have the right
| Ia sue and be sued; to make. have and use
| a corporate seal and the same TO break,
change or alter Al 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 sourc" whatever
such special funds aS may be deemed ad-
/ visable in order TO create a sinking. con
| tingent or Reserve fund to cover losses;
TO name and appoint such officers and
agents and 10 do aud perform all things
aud acts as may appear and be in the
| interests aud for the convenience of the
, said corporation.
! The 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 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 III-The amount of the
capital stock Of this corporation is
thousand Gl2,OOO.OOl dollars. all com
mon stock, which said capital stock
may. in the discretion OF the board of
direcOtrs be- increased to the sum of
. thonSanH ,So1 600 Om dollars
Said capital stock shall be divided into
one hundred and twenty 12Ol shares at
par value of one hundred (SlO0.00) dollars
each, and the said stock shall be paid for
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 be issued.
ARTICLE Iv-The location OF the domi-
Gle 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
sence or inability to act upon the vice
president. secretary treasurer. in the order
named. The said corporation shall have
and enjoy succession. by and in its cor
porate name for period Of nnety-n
C99) years from the date Of this Act.
} ARTICLE V-The business and affairs
of this corporation shall be conducted by,
and all corporate powers vested in, and
} exercised by board of directors com
posed Of not less than three (3) and not
more than five 90 stockholders to be
elected by the stockh holders. annually by
ballot on the third (3) Monday in August
OF each year, commencing with the year
: l92o or any subsequent date announced
by the board OF directors in case no
election shall have been held or taken
place on this said date. after fifteen (l5)
: days notice. which shall have been given
to each stakeholder by written notice
mailed to each stakeholder at his last
known postOffice address and said election
shall be held at the office Of the corpora
ton under the supervision OF two COM
missioners, appointed by the board OF
directors at it's last preceding regular
Meeting, at said election each stakeholder
shall be entitled to cast his vote as speci-
fed in Section IL of Act 267 of the Gene
raj Assembly OF the State of Louisiana for
the year 1914, or any amendment thereto.
The stockholders receiving a majority OF
the votes cast shall be declared elected.
| The board of directors so elected shall
| Immediately thereafter proceed to elect
one of its members to be president, one
to be vice president and one to be sec
| rotary treasurer of the corporation. and
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
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
he yice-president; and Samuel Sampre-
yive shall be secretary-treasurer and they
shall serve until the fourth (4) Monday
in August, 1925 or until their successors
shall have been duly elected and qualified.
Any vacancies occurring in the board OF
directors or among the officers shall be
filed by the remaining directors.
ARTICLE vII-Stockholders meetings.
or other meetings for the election Of di-
rectOrs may be held as prescribed by Sec
tion 10 of Act No. 267 Of the General As
sembly of the State OF Louisiana for the
year 1914 or any amendments thereto.
The corporation and the officers and d.
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
Act 267 of the General Assembly OF the
State Of Louisiana for the year 1914, or
any amendments thereto.
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 organization serve or tend to
. have the effect of rendering this charter
null or OF exposing any stakeholder to
: any liability other than as herein pro-
vided.
ARTICLE IX-No stakeholder shall have
the right TO dispose, ALLEVIATE. or other
, wise cucumber his holdings or stock In
this corporation without first notifying
? the said corporation In writing fifteen ODD
, days before so doing and the stock
J holders OF said corporation shall have the
selves Of the holdings or stock so offered.
ARTICLE X-This corporation shall be
and become a going concern soon as
six thousand $4,000 O0) dollars shall have
been subscribed and four (s4OO0O0l thOus-
and dollars shall have been paid into the
; said corporations treasury.
The subscribers have hereunro written
, opposite their names the amounts OF stock
, in this corporation subscribed for by
. them each Of them. that this Act OF
! incorporation may also serve as the erigi-
: nal subscription list OF the corporation.
/ Thus done signe~ and passed in my Of
r flee at New Orleans. State OF Louisiana.
. on the day and in the month and year
!, hereinabove first written In the presence
:, of George Daniel and John II. Surgi,
9 competent witnesse who have signed their
@ names hereunto together with the said ap-
s bearers. and me. notary, after due read
Y ing OF the whole.
= name OF subscribers omitted)
: /. the undersigned Recorder OF Mort
r cages, In and for the Parish Of Orleans.
State OF Louisiana. do hereby certify that
4 the above and foregoing Act OF Incorpora-
q ton. Of The Louisiana Motors Co.. Inc,
h was this day duIy recorded in my office In
e Book 1868. folio 436.
New Orleans June oath. 1922.
4 Deputy Recorder.
Is (Signed1 ROBT. SCOTT.
q l. the undersigned authority do hereby
d certify that the above and foregoing ACT