The herald., 1922-11-23

cages, In and for the Parish of Or
leans leans state or Louisiana, do hereby
act or Incorporation of The Tire
| Co. Inc, was this day duly recorded
IN my office, in Book 1878. folio 81,
new orleans, Aug. 29th 1922
| ROBT. SCOTT,
| A csrtif,o, $780, by. Rec.
| NAT. w. BOND,
| oe'i'-hoVzS Notary Public.
CHARTER PAYNE BROS. q GRILLor.
INC.
| state or Louisiana, Parish of Orleans
City of New Orleans. Be IN known That
on THIS sixteenth day of October. in the
| year one thousand nine hundred and
twenty-five, before me. William Waller
| 1oung, Va notary public, in and for the
Parish of Orleans, State of Louisiana
| uuly commissioned and qualified. and in
| the presence of the witnesses hereina fter
named ana Undersigned. personally came
ana appeared the persons whose names
are nereunto subscribed all above the
| fuli age of majority. who seyerally de-
| ciared that, availing themselves of the
laws OF the state of Louisiana, and es-
pecially the laws relative to the orpani-
| zation OF corporations, they have COW
| enanted and agreed to bind. form and
| constitute themselves, as we'll as all such
1oner persons as may hereafter join or
| become associated with them. into a
corporation and body polite in law for
the OBJECTS and purposes and under the
arIicies, agreements and stipulations
| following, to-wit:
ARTICLE 1.-The name style and
utie OF TINS corporation shall be PAYNE
BROS. & GRILLOT. INC, and under
that name 1T shall have and enjoy ali
the rights, advantages and privileges
granted by law to corporations and shall
| EXIST Ior the full term and period of
ninety-nine years from this day. 1t
snail have power to sue and be sued: to
| make ana use corporate seal, and the
same 10 alter or break at pleasure; to
| hoIo, receive, lease, purchase. sell and
convey, as we'll as mortgage, hypothe-
| cate and pledge property, real, personal
ana mixed, corporal and incorporeal: to
.ame ana appoint such managers. direc-
TORS orficers, agents and other en-
pioyees as its interest may require and
10 make and establish as we'll as alter
and amend. from time to time. such by
laws, rules and regulations as may be
necessary and expedient for the proper
management and government of the
affairs of said corporation.
ARTICLE 1.-THE domicile of this
corporation is hereby fixed in the City
all citation or other legal process shall
be served upon the President or Vice.
| President Of said corporation, or, in their
absence. upon the Secretary Treasurer.
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 II are hereby declared
to be: To engage in the manufacture,
repair. purchase and sale of machinery
of all kinds; to buy and sell goods on
consignment or commission; to act as
manufacturers agents, to sell at whole
sale or retail, or both; to manufacture.
series and appliances for automobiles,
trucks, tractors, marine engines and
other equipment; to acquire, by pur-
chase or otherwise, machinery or parts
I<<G t. 1T
the same to sell, either in the form and
| shape in which acquired, or after having
been altered or added to; and generally
to do and transact all business properly
/ connected with, incidental or convenient
to any of. the said objects and purposes.
i ARTICLE Iv.-The capital stock of
i this corporation is hereby fixed at the
4 sum of thirty thousand dollars $780,
000.00) dollars, to be divided into and
in the sum of fifty ($50.00) dollars each.
Said stock shall be paid for in cash or
property. The capital stock Of this cor
poration may be increased to the sum
Of one hundred thousand ($1o0. ooo.00)
dollars. This corporation shall COM
mence doing business and be going
concern at once.
ARTICLE v.--All the corporate pow
ers of this corporation shall be exer-
! cised by a Board Of Directors, consist
ing of not less than three and not more
than seven stockholders, a majority OF
whom shall constitute quorum Tor the
transaction of business. The Board OF
number President. and may elect one
or more Vice-Presidents: they shall also
| elect a Secretary and Treasurer. which
two latter offices may be filled by one
person. and which person or persons
need not be a stockholder OF this cor
poration. The first Board of Directors
shall consist of five stockholders. and
shall be composed Of Frank Tistale
| Payne, Sidney Louis Grillot Henry Up
| shur Payne, Lester c. Gerard and A. II.
Payne, with Frank Tistale Payne as
President, and Henry Upshur Payne as
Secretary Treasurer.
The postoffice addresses Of said direc-
tors are as follows: Frank Tistale
Payne, $50 Julia street New Orleans,
La: Sidney Louis Grtllot g: st , Honn
Payne. Sse Julia street, New Orleans
La; Lester c. Gerard, Matthews. Lou
isiana: A. H. Payne, 822 Perdido street.
New Orleans. La
serve until the second Monday In No
vember, 1928, or until their successors
have been duly elected and qualified
The annual meeting Of stockholders
for the election Of directors shall De
held on the second MONDAY, d IN AM Nog ne !
legal holiday. and then on the next bank
| day thereafter. Each subscriber hereto
sets after his name his postoffice al.
dress and q statement Of the number OF
i shares Of stock which he agrees to take
the corporation. At all elections every
/ stockholder shall be entitled to one vote
| for each share Of stock standing In MS
name on the books Of the corporation,
to be cast in person or by his written
proxy. A majority Of the votes cast
shall elect.
ARTICLE Win the event OF the
liquidation or dissolution OF this cor.
poration, the stockholders shall elect
two liquidato-s from among their
number at meeting convened tor
that purpose after ten days writ
ten notice sent to each stockholder
by mail to his last known address,; said
Liquidation shall have the authority to
wind up the business and affairs OF this
corporation. In case Of death OF either
Of said liquidators the survivor sns :.
appoint . stakeholder ~ successor 90
him.
ARTICLE Vino stockhclder in this
corporation can ever eell stock owned
BY him In this corporation. or any part
thereof. without flr6t offering the same,