The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-13
CHARTER.

ragcg in the repair and renovation OF au-
tomohiles and automotiye driven vehicles
Of al! kinds; to own, operate and control
automobiles and automotiye driven We
hiclrs for hire: 10 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 ad
visable in order to create a 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
| by laws, 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-
| 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
thousand (sl2 OOOOOJ dollars. all com
mon stock. which said capital stock
may. in the discretion of the board Of
twenty five thousand 1926 0O0O0) dollars.
Said capital stock shall be divided into
one hundred and twenty Q20l shares at a
par value of one hundred (Sl00.00) 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 the said corporation shall be In the
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 nine
ts9) years from the date Of this Act.
} ARTICLE V-The business and affairs
, of this corporation shall be conducted by,
} exercised by a board Of directors com
posed of not less than three (3) and not
more than five (5) stockholders to be
elected by the stockholders, annually, by
Of each year, commencing with the year
1928. 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 fifteen Q5)
days notice, which shall have been given
to each 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
missioners. appointed by the board Of
directors at it's last preceding regular
Meeting, at said election each stakeholder
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 for
the year 1914 or any amendment thereto.
The stockholders receiving a majority OF
| the votes cast shall be declared elected.
Immediately thereafter proceed to elect
| one of its members to be president. one
to be ice-president and one to be sec
rotary treasurer of the corporation. and
| they shall serve until their successors
shall have been duly elected and qualified.
ARTICLE vI-The first board Of direc-
tors shall be composed Of the following
named stockholders: ]. Newton Ward.
Samuel Samprevive and Peter s. Jackson,
and of the above named: J. Newton Ward.
shall be president; Peter s. Jackson shall
he vice president; and Samuel Sampre-
vive shall be secretary treasurer, and they
shall serve until the fourth az Monday
in August, 1925, or until their successors
shall have been duly elected and qualified
Any vacancies occurring in the board Of
directors among the officers shall be
filed by the remaining directors.
ARTICLE vII-Stockholders 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
To 90 he sata nf nfaia fnr ha
wear 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 its affairs liqui-
dated as provided for by provisions Of
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 informalty in it's 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 so 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 1884, 900 O0) dollars shall have
been subscribed and four (S40O000l 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 the erigi-
nal subscription list OF the corporation.
Thus done, signec 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 Il. Surgi.
competent witnesse who have signed their
. names hereunto together with the said ap
bearers. and me, notary, after due read
' ing Of the whole.
Name Of subscribers omitted)
I, the undersigned Recorder Of Mort
cages, in and for the Parish Of Orleans.
State OF Louisiana. do hereby certify that
Z the above and foregoing Act OF Incorpora-
ton. Of The Louisiana Motors Co. Inc.
D was this day duIy recorded in my office in
p Book 1898. folio 436.
New Orleans, June oath. 1922.
Deputy Recorder.
8 (Signed) ROBT. SCOTT,
q / the undersigned authority do hereby