The herald., 1922-05-04


after n reading of the whole.
witnesses: Gladys f. Rider Amanda c.
Stechmann. ~
PERCIvAL STERN,
J. ID. LEA.
(SeaD: SELIM Il. LEMLE.
| Notary Public.
A true and correct copy of the original.
(SeaD: SELIM Il. LEMLE.
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 it known, that on this 9th day of
the month of April, in the year one thous-
and, nine hundred and twenty-five. 0922l
before me, Victor X. Kiam, 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 hereuntO 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
267 of 1914. they have coyenanted and
agreed. and by these presents do covenant
! and agree. for themselves. their successors
and assigns, to form themselves into a
! corporation and body polite in law for the
|
| latiOns hereinafter set forth, to-wit:
| ARTICLE 1.-The name of this corpora
| tiOn shall be Reliable Used Car Company,
| Inc, and under its corporate name Ii shall
| have the power and authority to have and
enjoy corporate existence and succession
! for the full term and period of ninety
uine years from and after the date hereof: :
| to contract. sue and be sued, to make and
use a 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
well as alter and amend from time to time.
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 yice-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
he 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
| kind and character whatsoever propelled
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
and 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.
| and 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 five thousand (s5.O00OG) dollars. divid-
ed into and represented by two hundred
t2OO) shares of stock at the par value OF
twenty five ls25O0) dollars per share.
| Said stock shall be paid for in cash at
such time and after such notice to the
| subscribers as the board of directors may
| NIX, or the same may be issued at not less
| than par for labor done or services rem
dered said corporation. or property or
/
ton. This corporation shall be and be-
come going concern and shall be author
| lied to commence business when. and as
soon as twenty-five hundred (s2.5O0OO)
| dollars of its capital stock shall have been
subscribed for and one thousand, two
! hundred and fifty (s1,2J0.OO) dollars there
OF has been paid for, all in accordance
with the requirements of Act No. 267 of
the General Assembly for the State of
| Louisiana for the year 1914 and the
amendments thereto.
The amount to which the capital stock
OF this corporation may be increased shall
and (s5OO0OOO) dollars. except in accord
ance with the provisions Of section 9 of
Act No 267 of the General Assembly of the
state of Louisiana for the year 1914, and
the amendments thereto.
ARTICLE V-An of the corporate
powers of said corporation shall be vested
In and exercised by a 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 quorum, said directors to be
erected annually on the LIST Monday of
april beginning in the year 1923. Each
stockholder shall be entitled in person
or by written proxy to one vote for each
share Of the capital stock held by him and
standing in his name on the books of the
IoIporatlon, or he may send his vote by
letter, the signature to which must be
acknowledged before a notary public or
other officer authorized to take affidayits
The stockholders of the corporation are
herewith given and granted the right of
cumulative voting in the election of Off
GERS or directors: All elections shall he
| held under such rules and regulations as
may be determined by the board of di-
rectors, after legal notice of such cleo
tion shall have been given to each stock
holder by mail, sent to his last known ad.
dress. or be published in one of the daily
newspapers published in the English
language In the City Of New Orleans fo-
at least fifteen (15) days preceding such
| elections. The directors thus elected shah
continue in Office until their successors
shall have been duly elected and qualified.
No failure to elect shall be regarded as a
forfeiture of this charter. Any vacancy
occurring on such board Of directors shall
be filed by the remaining directors for
the unexpired term, when a vacancy shall
De considered to exist at any time when
the maximum number of directors pro-
vided by this act of incorporation are not
in office and actually so serving. Said
board of directors may at its first meeting
after its election elect from its members
a president one or more vice. presidents
secretary and treasurer and a manager
or superintendent. II may combine the
Office Of president or secretary and treas
urer into one, and may even elect a Sec