The herald., 1922-10-19
CHARTER.
CHARTER OF THE 2 TIRE COM
PANY, INC.


one thousand nine hundred and twenty
Two. and of the Independence OF the
United states of America the one hun
bred and forty-seventh, before me- Nat.
W. Bond. a notary pubic duly com
miSSiOncd. sworn and qualified, III ana
Tor the Parish of orleans, State or
Louisiana, and in the presence OF the
witnesses hereinafter named and un-
drrSiEucd personally came ana APP
pearcd the several persons whose names
are hcrcuuto subscribed, who each ScN-
orally declare. that awaiting them
selves of the provisions of the law OF
the stat" of Louisiana relative TO the
organization of corporations, they have
covenantcd, agreed and do 10y these
presents mutually covenant and agree
and bind themselves to and with each
other As we'll as such other persons
who may hereafter become associated
with them. to form and constitute
corporation and body polite in law. for
tho objects and purposes and under
the agreements and stpulations fol-
lowing, viz:
ARTICLE THE name and title OF
this corporation shall be THE
TIRE COMPANY. INC. and under its
said corporal" name shall have power
and authority To- have and enjoy sue
ccSSion for the fun term of ninety
nine years from and after date hereof;
to contract. Su" and he sued; to make
and use a corporate seal, and the same
to break or alter at pleasure; TO hold,
/ receive, lease. purchase and convey, as
well as mortgage and hypothccate prop
crty, real. personal and mixed, COrporeal
and iHcurporeal. to name and appoint
such Officers. managers, agents and di-
reCtOrS as its business interest and con-
VeuicnCC may require" and to make ana
establish, as we'll as alter and amend
from time To time such bylaws. rules
and regulations for tn" proper govern
mrnt of the affairs of the corporation
as may Ice necessary and proper.
ARTICLE 1.-THE domicile of this
/ corporation shall he in the city of New
Orleans, Parish of Orleans. State of
! Louisiana, and all citations or other
! legal process shall Ice served on the
President, or, in the event of his alb
/ sencc. on the Secretary.
ARTICLE III.-The objects and pur-
poses Of this corporation are declared
to bc 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
I 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 $4,000 90 dollars. di-
Vidcd into fifty 600 shares OF the par
value of 10000 each: said stock shall
only he 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 C200,0OO 0O) dollars.
ARTICLE N.-The said appearers de-
/ clare that they subscribe respectively
| to the following number of shares of
me capital stock of this corporation:
| Edward G. Brodtmann. / share; Ellis
r. Boggs. 30 shares; Jack O'Bierne.
shares
! aThe subscription of the said Ellis T.
! BogES shall ne paid for and settled by
| nm by the transfer to this corpora
| uon OF the property described in the
/ 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 VI.---All of the corporate
powers of this corporation shall be
| vested in and exercised 10y 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; majority of
said Board shall constitute a quorum
Tor the transaction of any and all
| business.
shall he entitled to one vote for each
share held by him, and a majority of
votes cast shall elect. a failure to
elect directors at regular meeting
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 Nice-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 corporation; and also
| to issue and deliver full-paid shares
| of stock and bonds and other obliga-
/ tons of the said corporation in pay
ment of the money borrowed, or money,
| labor services, property or rights &C
tually received by the said corporalloh'
| 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
| qualified successors are elected ana
| Installed, the Board of directors shaiI
| he composed of Ellis f.. Boggs, JACK
O'Bierne and Edward {. BrodtmanIn
of which the said Ellis T.. Boggs shell
he the President and Treasurer. the
said Edward c. Brodtmann the vice
President, and the said Jack OBierhe
the Secretary and General Manager.
| ARTICLE VII.-The capital stock
may be increased to the sum of two
hundred thousand (S200, 100000 dollars,
or diminished. upon complying with
formalties imposed by law
| ARTICLE VIII.-No stakeholder OF
| this corporation shall sell or dispose
of his stock without first offering the
same for sale in writing to the other
stockholders through it's Board of Di-
rectors; any number of which stock
holders who desire to purchase said
stock shall have the privilege of buy
ing il in proportion to the shares
owned by them at the price bona fide
offered therefor; and If no price IL
offered, then they may be purchased
at the book value of said stock by an
outsider.
If no stakeholder offers to purchase
said stock within thirty days from the
date of such offer, the stockholder
offering said stock may dispose OF the
same to any person whatsoever.
. ARTICLE IX.-Whenever this cor
poration shall be dissolved, either by
limitation or from any other cause, it's
affairs shall be lquidated by COM
mittee of two stockholders appointed
at a general meeting of the stockhold-
ers convened for that purpose, and said
committee shall have full power to
perform all acts necessary for the pur-
pose of liqudations.
A