The herald., 1922-04-20

4 true and correct copy of the original.
(SeaD SELIM Il. LENiLE.
Notary Public.
Apr. 13-May IS.
CHARTER OF RELIABLE USED CAR
COMPANY. INC.
United States of America. State OF Louis
lana. Parish of Orleans. City OF New Or
leans. BE il known. that on this 9th day of
the month of April. in the year one thous-
and. nine hundred and twenty two. (1922)
before me, Victor X. Kan. a notary pub
lie in and for the Parish of Orleans. State
of Louisiana, therein residing, duly COM
miSsiOned and qualified. and in the pres
ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared: The several parties whose names
are hereCnto subscribed. who Severally
declare to me. notary. that availing them
selves of the provisions of the laws of this
State. relative to the organization of cor
porations. and more especially of Act
2G1 OF 1914. they have covenanted and
agreed, and by these presents do covenant
and agree. for themselves. their successors
and assigns, to form them selves into a
corporation and body polite in law for the
objects and purposes and under the stipu-
latio2s hereinafter set forth. to-wit:
ARTICLE THE name of this corpora
ton shall be Reliable Used Car Company.
Inc. and under its corporate name it shall
have the power and authority to have and
enjoy corporate existence and succession
lpT the Iull term ana perlO0 OF ninety
uine years from and after the date hereof !:
TO contract. sue and be sued, to make and
use corporate seal and the same to alter
and break at pleasure, to hold. receive, pur-
chase.hypothecate. convey, sell. lease. or
pledge real and personal property to issue
negotiable bonds and notes. or other evil
dence of debt, to name and appoint such
managers, agents, directors and officers as
its business interests and convenience may
require. and to make and establish as
~ fro - Ina.
such bylaws, rules and regulations for
the proper government of the affairs OF
this corporation as may be necessary and
proper.
ARTICLE 1.-THE domicile of this cor
poratiOn shall be in the City of New Or
leans. State of Louisiana. Parish of Or
leans, and all citations and other legal
process shall be served upon the president
of this corporation, or in the event of his
absence upon the vice president thereof
and in the absence of both of said parties
or officers upon the secretary of this cor
pOration
ARTICLE III-The objects and pur-
poses for which this corporation Is or
ganized. and the nature of the business to
be carried on by it are hereby declared
to be.
To manufacture. buy, sell, construct,
erect. equip. maintain, repair. rent trade.
operate and store automobiles and all
kinds of vehicles or water craft of every
by steam. electricity, gas, gasoline. or
compressed air, or any other motive
power; also to buy, sell. manufacture,
trade and deal in engines, machinery
pumps, dynamos, and all accessories of
said automobiles, machines or vehicles
ana to own, either by purchase or other
wise, lease rent erect, construct main
tain and operate garages and buildings
necessary or incident to the business here
In contemplated, and to buy. sell. rent,
or lease real estate in the course of the
conduct OF the said business either in con-
nection with said business or otherwise
ana further to buy. sell and repair auto
mobile tires, and further to do ANYTHING
appertaining to the automobile business
and the business herein contemplated.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum
OF i've thousand (S5,O00.0O dollars, divid-
ed into and represented by two hundred
lZoO) shares of stock at the par value of
twenty tive tS2500) dollars per share
said stock shall be paid for in cash at
such time and after such notice to the
supscrioers as the board Of directors may
nX, or the same may be issued at not less
than par for labor done or services rem
dered said corporation. or property or
rights actually received by said CORPORA
tlon. This corporation shall be and be-
come going concern and shall be author
fzed to commence business when and as
soon as twenty-five hundred (s25OO OOD
dollars of its capital stock shall have been
subscribed for and one thousand, two
hundred and fifty (s1,250.OO) dollars there
with the requirements of Act No 2s7 of
the General Assembly for the State of
Louisiana for the year 1914, and the
thereto
The amount to which the conitaJ stool
OF this corporation may be increased shall
at no time exceed the sum of fifty thous
and (S5OOO0O0) dollars. except in accord |
ance with the provisions OF section of |
sct NO, 261 Of the General Assembly Of the |
State Of Louisiana for the year 1914 and
the amendments thereto.
ARTICLE V-All OF the corporate |
powers of said corporation shall be vested |
IN IN and exercised by board of directors, |
TO be composed OF not more than five and
NOT less than three stockholders. a ma
Jority of whom sitting at any time shall
constitute a quorum, said directors to be
siected annually on the LIST Monday OF
apriI beginning In the year 1923 Each
or by written proxy to one vote for each
snare or the capital stock held by him and
standing in his name on the books of tbe
'orporatlon, or he may send his vote by
rILer, the signature to which must be
icknowledged before a notary public or
,ther officer authorized to take affidayits
rhe stockholders Of the corporation are
herewith given and granted the right Of
u voting in the election of Off
'ers or directors: All elections shall ha
Reid under such rules and regulations ma
nav De determined by the board of di
'ectorS, after legal notice of such eIec-
Ion shall have been given to each stock
folder by mail. sent to his last known adj.
lress, or be published in one Of the daily
newspapers published in the English
anguage in the City Of New Orleans TO-
! least fifteen (15) days preceding such
lections. The directors thus elected shall
ontinue In office until their successors
nall have been duly elected and Qualified
20 failure to elect shall be regarded as
or1eiture Of this charter. Any vacancy
eeurring on such board of directors shall
e nlled by the remaining directors for
ne unexpired term. when a vacancy shall
y considered to exist at any time when
ne maximum number of directors pro- ,
lued by this act of incorporation are not .
ounce ana actually so serving. Said .
oard or directors may at its first meeting ,
iter lts election elect from its members +
s paenI one or more vice-presidents.
> svy and treasurer and a manager G
superintendent. 1t may combine the ,
n n OF president or secretary and treas +
=, INTO one. and may even elect a sec I
pnth ~ /