The herald. [volume] (New Orleans, La.) 1905-1953, 1922-04-13

Notary PUBIC
\ true and correct copy of the original.
(SeaD: SELlM II. LEMLE;
Apr. I3-May IS.
CHARTER OF RELIABLE USED CAR
COMPANY, INC.
United States of America. State OF Louis
lana. Parish of Orleans, City OF New Or
leans BE it known, that on this 9th day OF
the month of April, in the year one thous-
and. nine hundred and twenty-five. (l922),
before me- Victor X. KAN. a-notary pub
lie in and for the Parish of Orleans, State
of Louisiana, therein residing, duly COM
missiOned and qualified. and In the pres
ence of the witnesses hereinafter named
and undersigned, personally came and ap-
peared: The several parties whose names
are hereunto subscribed, who severally
declare to me, notary. that availing them
selves of the provisions of the laws OF this
State. relative to the organization OF cor
porations, and more especially or ACT
267 of 1914. they have covenanted and
agreed, and by these presents do covenant
and agree. for themselves, their successors
and assigns, to form themselves into a
corporation and body polite in law for the
objects and purposes and under the stipu-
lations hereinafter set forth. to-wit:
ARTICLE 1.-The name Of this corpora
ton shall be Reliable Used Car Company,
Inc, and under its corporate name 1t shall
have the power and authority to have and
for the full term and period of ninety
uine years from and after the date hereof /;
to contract, sue and be sued, to make and
use a corporate seal and the same to alter
and break at pleasure to hold, receive, pur-
chase hypothecate, convey. sell, lease, or
pledge real and personal property, to issue
negotiable bonds and notes. or other evil
dence of debt, to name and appoint SUCH
managers. agents. directors and officers as
its business interests and convenience may
require, and to make and establish. as
well as alter and amend from time to time.
such bylaws, rules and regulations for
the proper government Of the affairs OF
this corporation as may be necessary and
proper.
ARTICLE 1.-THE domicile of this cor
poration shall be in the City of New Or
leans, State of Louisiana, Parish Of Or
leans, and all citations and other legal
! process shall be served upon the president
of this corporation, or in the event of his
absence upon the vice-president thereof.
and in the absence of both Of said parties
or officers upon the secretary of this cor
poration.
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 it are hereby declared
to be.
To manufacture, buy. sell, construct,
erect. equip, maintain, repair. rent. trade.
operate and store automobiles and all
kinds of vehicles or water craft Of every
kind and character whatsoever propelled
by steam. electricity, gas, gasoline or
power; also to buy, sell, manufacture,
trade and deal in engines, machinery,
! pumps. dynamos, and all accessories of
| said automobiles, machines or vehicles.
and to own, either by purchase or other
wise, lease rent erect, construct, main
tain and operate garages and buildings
necessary or incident to the business here
In contemplated, and to buy, sell. rent.
or lease real estate in the course Of the
| conduct of the said business either in con-
nection with said business or otherwise,
and further to buy, sell and repair auto
mobile tires, and further to do anything
appertaining to the automobile business
| and the business herein contemplated
ARTICLE Iv-The capital stock of this
corporation is hereby fixed at the sum
OF five thousand ($5,0O0.O0) dollars, divid-
ed into and represented by two hundred
t2oo) shares Of stock at the par value of
twenty five ($25O0) dollars per share.
Said stock shall be paid for in cash at
| such time and after such notice to the
subscribers as the board of directors may
NIX. or the same may be issued at not less
tnan par for labor done or services rem
dered said corporation, or property or
rights actually received by said corpora
ton. This corporation shall be and be-
come a going concern and shall be author
lied to commence business when. and as
soon as twenty-five hundred (s2,5OO O0)
dollars of Its capital stock shall have been
subscribed for and one thousand. two
hundred and fifty (s1,25O.OO) dollars there
| OF mas been paid for, all I'm accordance
with the requirements of Act No. 267 of
the General Assembly for the state Of
Louisiana for the year 1914, and the
amendments thereto
The amount to which the capital stock
OF this corporation may be increased shall
at no time exceed the sum Of fifty thous-
| and 500O000) dollars, except in accord
ance with the provisions of section g Of
Act No. 267 Of the General Assembly of the
state OF Louisiana for the year 1914, and
the amendments thereto.
ARTICLE V-All of the corporate
powers of said corporation shall be vested
In and exercised by a board Of directors
10 De composed OF not more than five and
not less than three stockholders, a ma
Jority OF whom sitting at any time shall
constitute a quorum, said directors to be
elected annually on the LIST Monday of
april beginning In the year 1928. Each
stockholder shall be entitled in person
oy written proxy to one vote for each
snare OF the capital stock held by him and
standing In his name on the books of the
corporation, or he may send his vote by
letter. the signature to which must be
acknowledged before notary public or
ouher oHicer authorized to take affidayits
Inc stockholders of the corporation are
herewith given and granted the right of
cumulative voting in the election Of ONT
GERS or directors: All elections shall be
80 s"Nei sucu ruieS ana regulations
may be determined by the hoard ~ a.
t fectors, after legal notice of such cleo
non snsi nave been given to each stock
holder by mail. sent to his last known adj.
dress. or be published in one of the daily
newspapers published in the English
language In the City of New Orleans TO-
at least fifteen (15) days preceding such
elections. The directors thus elected shan
s cpSn,inue In office until their successors
snail nave been duly elected and oualified
to 20 lallure to elect shall be regarded as a
FORFEITURE Of this charter Any vacancy
occurring on such board Of directors shat,
. ne nlled BY the remaining directors for
sne uhe1pired term, when a vacancy shall
De considered to exist at any time when
tne maximum number Of directors pro-
vlded by this act of Incorporation are NOT
IN onice and actually so serving. Said
board OF directors may at its first meeting
after Its election elect from its members
president, one or more vice-presidents
secretary and treasurer and a manager
OF superintendent. 1t may combine the
once OF president or secretary and treas
urer into one, and may even elect Sec
rotary who need not be a stakeholder or