The herald., 1922-11-02
CHARTER OF THE 2 TIRE COM
PANY. INC.


| Louisiana, Parish of Orleans, City of
| New Orleans. Be it known, that on
! this 2Sth day of August, in the year
one thousand nine hundred and twenty
| two and of the Independence of the
| United States of America the one hun
| dred and forty-seventh. before me, Nat.
| w. Bond, a notary public, duly COM
| miSsioned, sworn and qualified. in ana
| for the Parish of Orleans, State of
| Louisiana, and in the presence of the
witnesses hereinafter named and UNI
dersigned, personally came and APP
peared the several persons whose names
are hereunto subscribed, who each sew
orally declare, that, awaiting them
selves of the provisions of the law of
the State of Louisiana relative to the
organization of corporations, they nave
covenanted, agreed, and do by these
presents mutually covenant and agree
and bind themselves to and with each
other, as well as such other persons
who may hereafter become associated
with them, to form and constitute a
corporation and body polite in law, for
the objects and purposes and under
the agreements and stipulations fol-
lowing, viz:
ARTICLE 1.-The name and title Of
this corporation shall be THE Z I
TIRE COMPANY, INC, and under its
said corporate name shall have power
and authority to have and enjoy sue
cession for the full term of ninety
nine years from and after date hereof;
to contract, sue and be sued; to make
and use q corporate seal. and the same
to break or alter at pleasure; to hold
receive, lease, purchase and convey, as
well as mortgage and hypOthecate prop
erty, real, personal and mixed, corporeal
and incorporeal; TO name and appoint
such officers, managers, agents and di-
rectorS as its business interest and con-
venience may require, and to make ana
establish, as well as alter and amend
from time to time such bylaws. rules
n,,1 alatf fnr hA n
ment of the affairs of the corporation
as may be necessary and proper.
ARTICLE 1.-THE domicile of this
corporation shall be in the City of New
Orleans, Parish of Orleans. State of
Louisiana, and all citations or other
legal process shall be served on the
President, or, in the event of his alb
sence, on the Secretary.
ARTICLE III.-The objects and pur-
poses of this corporation are declared
to be to buy, sell and deal in automo-
bile tires and automobile accessories
OF every kind and character; to repair
automobiles, automobile tires. ETC.. to
operate service trucks for road ser
vice, to install automobile telephone
service stations, and generally to trans
act all business properly connected
with. incidental or convenient to any
OF the said objects and purposes.
ARTICLE Iv.-The capital stock of
said corporation is hereby fixed at
five thousand (s5,O00.OO) dollars di-
yided into fifty 500 shares of the par
value of $4,000 each; said stock shall
only be issued for cash or in payment
of property actually received or pur-
chased by said corporation. The CAPT.
tai stock of this corporation may be
increased to the sum of two hundred
thousand (s200, 10000 dollars
ARTICLE V-The said appearers de-
clare that they subscribe respectively
to the following number of shares of
the capital stock of this corporation:
Edward c. Brodtmann. share; Ellis
e. Boggs 80 shares; Jack O'Bierne, 3
shares.
The subscription of the said Ellis T..
Boggs shall be paid for and settled by
him by the transfer to this corpora
inventory hereto annexed and made
part hereof. as though herein written
in full, and marked Exhibit "A"
All of which said above described
property has been appraised by the
Board of Directors of this corporation
at the sum of three thousand dollars.
ARTICLE Wall of the corporate
powers of this corporation shall be
vested in and exercised by a Board of
Directors composed of three stockhold-
ers, who shall be elected annually on
the last Monday in the month of Au-
gust, beginning 1923; a majority of
said Board shall constitute a quorum
for the transaction of any and all
business.
At all elections each stakeholder
shall be entitled to one vote for each
share held by him, and a majority of
votes cast shall elect. failure to
elect directors at a regular meeting
shall not dissolve the corporation, but
the directors then in office will con-
tinue to act until their successors are
elected and qualified. Notice of the
time of holding any and all meetings
shall be given by the Secretary to each
stakeholder at his last known address
two days before the meeting.
Immediately upon being elected the
directors shall elect from among their
own number a President, Vice-Presi-
dent and a Secretary-Treasurer
The said Board shall also have power
and authority to borrow money through
the President or Vice-President, or some
other duly authorized agent or agents,
to execute mortgages and issue notes,
bonds or other obligations, and gen.
orally to do all the things necessary
for the proper carrying on of the bust
ness of the said corporations: and also
to issue and deliver full-paid shares
of stock and bonds and other obliga-
lions of the said corporation in pay
ment of the money borrowed, or money.
labor. services, property or rights &C,
tually received by the said corporation,
as hereinabove set forth.
Vacancies in the Board of Directors
shall be filled by the remaining members
of the Board
Until the next meeting to be held
under this charter, or until their duly
all 81