The herald. [volume] (New Orleans, La.) 1905-1953, 1922-06-29


! I-nitad States of America. State of Louis
lama Parish of Orleans, BE IL known, that
on this twenty second (22) day OF Jun"
| in the year of our Lord one Thousand
nine hundred and twenty-five (l'22l ana
| of the Independence of the lnlted states
| of America the one hundred ana forty
| sixth I46). before me, John joseph
| Jackson a notary public. duly commits
stoned and qualified in and Tor the farlsh
| of orleans. State of Louisiana therein re-
| siding and in the presence OF tht VII
nrSseS hereinafter named and undersigned;
| personally came and appeared, the several
| persons whose names are herunto sub
| scribed and all residents of this Parish
and State. who severally declared: That
| availing themselves of the provisions OF
! the laws of the State of Louisiana. in such
cases made and provided. and more par
! ticularly of Act No. 261 of the General
| Assembly of the State of Louisiana. for
| the year 1914 they have covenanted'
| agreed. contracted and bound themselves.
and by these presents do covenant. agree,
| contract and bind themselves as well as
| all such persons may hereafter become
associated with them. to form themselves
into and constitute corporation ana body
| poses and under the stipulatiOns herein
after set forth. which they adopt as their
| charter. tO-wit:
! ARTICLE THE name and style of
this corporation shall he the Louisiana
Motors Company, Incorporated, which
said name may he abbreviated To read The
| Louisiana Motors Co. Inc.
| ARTICLE 1.-THE business, objects and
purposes for which this corporation Is
! formed and the nature of the business to
he carried on by it are hereby declared
| to be:
| To acquire. own. hold. lease, mortgage,
! pledge and dispose of by sale or other
| wise automobiles and autOmObil driven
vehicles of any and all description. To
acquire, own, hold. purchase. sell auto
mobile parts tires. accessories. oils, paints,
greases and everything pertaining to au-
tomOtive driven vehicles. To own. operate
and control automobile garages: to en-
! gageg in the repair and renovation of au-
tOmobiles and automOtive 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.
To engage in agency relations for the
agency, distributorship of automobiles,
with the manufacturers thereof.
The said corporation shall have the right
| to sue and be sued: to make. have and use
a 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 adj
| 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 and perform all things
and acts as may appear and be in the
interests and 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 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-
said business and to hold and own such
other property as may be deemed pru-
dent and wise in the discretion of the
ARTICLE HI-The amount of the
capital stock of this corporation is
hereby fixed at the sum of twelve
thousand $4,000 d dHIlar csDld s"ct
may. in the discretion of the board OF
directors be increased to the sum OF
twenty thousand (S25.OO0.0O) dollars
Said capital stock shall be divided into
one hundred and twenty Q2Ol shares at a
par value of one hundred (S1O0O0) dollars
each. and the said stock shall be paid fol
when subscribed or may be issued in
whole or in part at not less than par fol-
property actually purchased or received
by the corporation. No fractional shares
shall ever be issued.
ARTICLE IV-The location of the dOmi-
Gle OF tne SHlO corporation snail ne In tnt
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 ninety nin'
tH) 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 (S) and moi
more than five 90 stockholders to b,
elected by the stockholders, annually. by
ballot on the third (0 Monday in August
of each year, commencing with the yeaI
1928, or any subsequent date announced
by the board of directors in case NJ
election shall have been held or takeI
; place on this said date. after a fifteen Q5l
days notice. which shall have been giyeI
/ to each stakeholder by written notice
mailed to each stakeholder at his las
known postOfice address and said election
. ton under the supervision of two com
missioners, appointed by the board OF
directors at its last preceding regular
meeting, at said election each stockholdel
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 fol-
the year 1914. or any amendment thereto
The stockholders receiving a majority OF
| VI WIS NdSt SINH Dt uecldTeu eietttO
The board of directors so elected shall
Immediately thereafter proceed to cleo
one of its members to be president, one
J to be vice president and one to be see
retary-treasurer of the corporation. and
they shall serve until their successor,
shall have been duly elected and qualified
ARTICLE VI-The first board of direc.
tors shall be composed of the follOwins
named stockholders: J. Newton Ward
Samuel Samprevive and Peter =. Jackson
and of the above named: ]. Newton Ward
shall be president; Peter S. Jackson shall
be vice-president: and Samuel Sampre
v1ve shall be secretary treasurer. and they
: shall serve until the fourth (i) Monday
in August, 1925, or until their successor
: shall have been duly elected and qualified
Any vacancies occurring in the board O
: directors or among the officers shall b,
: hlled by the remaining directors.
; ARTICLE VII-Stockholders meetings
or other meetings for the election of di
rectors may be held as prescribed by Sec
ton 10 of Act No. 267 Of the General As
. sembly Of the State of Louisiana for tn,
year 1914. or any amendments thereto
: The corporation and the officers and Iii
rectOrs shall have all the rights ant
powers, and this corporation may b,
amended or dissolved. or its affairs liqui
. dated as provided for by provisions o
Act 267 Of the General Assembly of tn,
{ State OF Louisiana for the year 1914. Of
any amendments thereto.
ARTICLE VIII-NO stakeholder shall
: ever be liable or responsible for the con
! tracts or faults of this corporation in an
further sum than the unDaid balance du,