The herald. [volume] (New Orleans, La.) 1905-1953, 1922-08-03
CHARTER.

gageg in the repair and renovation of au-
tomobileS and automOtiye 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
10 sue aud be sued to make have and use
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 may he deemed ad-
viSable in order to create a sinking. CON
tlngcnt or reserve fund to cover losses:
to name and appoint such officers and
aAtnts 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
by laws. rules and regulations for the
proper management and regulation Of tn.
anairs of said corporation as may be
necessary and proper, and the same to
change. alter, modify 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,
IcpdiT hhOp, eNhlDItlOn room or rooms
and all such property necessary and es-
sential TO the successful prosecution OF
said business and to hold and own such
other property as may be deemed pru-
dent and wise in the discretion OF the
board of directors.
ARTICLE III--The amount of the
capital stock OF this corporation is
hereby fixed at the sum of twelve
thousand .tsl2.cooOOl dollars. all com
mon stock, which said capital stock
may, in the discretion OF the board OF
directors be increased to the sum OF
twenty-five thousand ($25 900 OO) dollars.
said capital stock shall be divided into
one hundred and twenty (l20) shares at a
par value of one hundred (s1OO.O0) dollars
each. and the said stock shall be paid for
when subscribed or may be issued In
whole or in part at not less than par for
property actually purchased or received
by the corporation. No fractional shares
shall ever be issued.
ARTICLE IV-The location Of the domi-
Gle of I * said corporation shall be in the
City Of New Orleans, State OF Louisiana
and service Of citation. and ali 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
ana enjoy succession, by and in its cor
porate name for period Of ninety nine
'") years from the date OF this Act
ARTICLE V-The business and affairs
ana all corporate powers vested in and
exercised by board of directors com
posed OF not less than three (3) and not
more than five 90 stockholders to be
elected by the stockholders annually. by
ballot on the third go Monday in August
OF each year, commencing with the year
TO or any subsequent date announced
by the board OF directors in case no
election shall have been held or taken
place on this said date after a fifteen (151
nays notice, which shall have been given
10 eaSh stockholder by written notice
mailed to each stakeholder at his last
known postoffice address and said election
shall be held at the office of the CORPORA
ton under the supervision OF two com
ln,lssloners, appointed by the board Of
directors at its last preceding regular
meeting, at said election each stockhoIder
snail be entitled to cast his vote as speci-
NED IN Section IL of Act 267 of the Gene
raj Assembly Of the State OF Louisiana for
.ne year lg14, or any amendment thereto.
The stockholders receiving a majority OF
the votes cast shall be declared elected
The board of directors so elected shall
Immediately thereafter proceed to elect
one OF its members TO be president one
To be vice-president and one to be sec
rotary treasurer of the corporation, and
they shall serve until their successors
snail nave been duly elected and qualified
ARTICLE VI-The first board Of direc-
tors shall be composed Of the following
named stockholders: J. Newton Ward.
samuel Sampreyive and Peter s. Jackson,
j.
shall be president; Peter s. Jackson shall
he vice-president; and Samuel Sampre-
vlve shall be secretary treasurer, and they
shall serve until the fourth az Monday
shall have been duly elected and qualified
Any vacancies occurring in the board OF
directors or among the officers shall be
filled by the remaining directors.
ARTICLE vII-stockhoIders meetings.
or other meetings for the election Of d.
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 the
year 1914. or any amendments thereto.
The corporation and the officers and d.
rectors shall have all the rights and
powers. and this corporation may be
amended or dissolved. or it's affairs liqui-
Act 267 Of the General Assembly Of the
State of Louisiana for the year 1914. or
any amendments thereto.
ARTICLE VIII-No stakeholder shall
ever be liable or responsible for the con-
tracts or faults OF this corporation in any
further sum than the unpaid balance due
on the stock subscribed for by him. nor
shall any mere informality in its incor-
poration or organization serve or tend to
have the effect Of rendering this charter
null or Of exposing any stakeholder to
any liability other than as herein pro-
vided.
ARTICLE IX-No stakeholder shall have
the right to dispose. ALLEVIATE. or other
wise cucumber his holdings or stock in
this corporation without first notifying
the said corporation in writing fifteen 15)
DAYS before doing and the stock
holders OF said corporation shall have the
right and privilege Of availing them
selves Of the holdings or stock so offered.
ARTICLE X-This corporation shall be
and become a going concern as soon as
six thousand $4,000 00) dollars shall have
been subscribed and four "a, 0O0.00) thous-
and dollars shall have been paid into the
said corporations treasury.
The subscribers have hereunto written
opposite their names the amounts OF stock
in this corporation subscribed for by
them. each Of them, so that this Act OF
incorporation may also serve as the origi-
nal subscription list Of the corporation.
Thus done. signe1 and passed in my Of
flee at New Orleans, State of Louisiana.
on the day and in the month and year
hereinabove first written in the presence
Of George Daniel and John II. Surgi.
competent witnesse who have signed their
names hereunto together with the said an
bearers. and me. notary, after due read
ing Of the whole.
name Of subscribers Omitted)
7. the undersigned Recorder OF Mort
cages, in and for the Parish OF Orleans.
State OF Louisiana. do hereby certify that
the above and foregoing Act OF lncorpora-
ton. Of The Louisiana Motors Co. Inc,
was this day duIy recorded in my ONCE :"
Book 1893, folio 436.
New Orleans, June oath. 1922.
Deputy Recorder.
,Sipned1 ROBT. SCOTT.
7 a. n,dorsionad authority do hereby