The herald. [volume] (New Orleans, La.) 1905-1953, 1922-07-27
CHARTER.

,,qrr, in the repair and renovation of
tomobiles and automouve driven vehicles
of all kinds: 10 own, operate and cOntrOl
automobiles and automOtive driven We
hiclcs 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
to sue aud be sued 10 make have and use
a corporate seal and the same to break,
change alter az pleasure; TO acquire
own. hold. receive, purchase. pledge. mort
gage under its corporate name, properly
| 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 al
/ viSahle in order to create 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 may appear ana ne IN tne
| interests and for the convenience OF the
said corporation.
The said corporation shall have the
right also TO make and establish such
bylaws rules and regulations for the
proper management and regulation or the
affairs of said corporation as may ne
necessary and proper, and the same 10
change, alter, modify or break at pleas
ure The said corporation shall also have
the right to purchase and own the Dullu-
ing where in is established their offlces,
repair shop, exhibition room or rooms
and all such property necessary ana es-
sential to the successful prosecution OF
]
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 ,Csl2,O0o0W dollars, all com com
mon stock, which said capital stock
: may, in the discretion of the board Of
. directors be increased to the sum OF
u twenty five thousand (S25,OOOOO) collars
i Said capital stock shall be divided into
l. one hundred and twenty 120) shares at a
:, par value of one hundred (SlOO.OO) dollars
u each. and the said stock shall be paid LOT
=. whole or in part at not less than par for
,e property actually purchased or received
s by the corporation. No fractional shares
~ shall ever be issued.
nj ARTICLE IV-The location OF the domi-
" cile of the said corporation shall be in the
" City of New Orleans, State of Louisiana
RS and service of citation. and all other legal
process shall be made upon the president
an of this corporation, or in case of his alb
"A sence or inability to act upon the vice.
rt president, secretary treasurer. In the order
iii named. The said corporation shall have
On and enjoy succession, by and in its cor
Of porate name for period OF ninety nine
Ks t99) years from the date Of this Act
no ARTICLE V-The business and affairs
ng of this corporation shall be conducted by,
he and all corporate powers vested In, and
to exercised by board of directors com
posed of not less than three (3) and not
all more than five (5) stockholders to be
ts elected by the stockholders. annually, by
lor ballot on the third (3) Monday in August
IN of each year, commencing with the year
his 1925 any subsequent date announced
Ter by the board of directors in case no
al election shall have been held or taken
IN. place on this said date. after a fifteen U5D
of days notice, which shall have been given
,si to each stakeholder by written notice
is mailed to each stakeholder at his last
nh known postoffice address and said election
St shall be held at the Office of the corpora
OILS ton under the supervision OF two COM
~ missioners, appointed by the board OF
I'll dirapfnrS nrapaadinU
the meeting, at said election each stakeholder
shall be entitled to cast his vote as speci-
or fed in Section IL of Act 267 of the Gene
on raj Assembly Of the State of Louisiana for
he the year 1914. or any amendment thereto
Id The stockholders receiving majority Of
,ck The board OF directors so elected shall
rcd Immediately thereafter proceed to elect
ten one of its members to be president, one
ren to be vice president and one to be Sec
at rotary treasurer Of the corporation. and
In they shall serve until their successors
of shall have been duly elected and qualified.
I'D ARTICLE vI-The first board Of drec-
ON tors shall be composed Of the following
ISL named stockholders: j. Newton Ward,
Samuel Samprevive and Peter s. Jackson,
lnv and of the above named; j. Newton ward;
ors. shall be president; Peter 5. jackson shall
be vice president; and Samuel Sampre-
TO vive shall be secretary treasurer, and they
hey shall serve until the fourth az Monday
,or- in August, 1925, or until their successors
shall have been duly elected and qualified
in Any vacancies occurring in the board Of
y.
avn filled by the remaining directors.
said ARTICLE Stockholders meetings
ing or other meetings for the election OF di
-os rectors may be held as prescribed by Sec
!" sembly of the State OF Louisiana for thu
year 1914 or any amendments thereto
The corporation and the officers and di
rectors shall have all the rights ant
powers, and this corporation may b
10 amended or dissolved. or its affairs liqui
iort dated as provided for by provisions Q
ans Act 267 Of the General Assembly Of tn
.t;fr state OF Louisiana for the year 1914, o
in any amendments thereto.
Inc. ARTICLE VIII-No stakeholder shal
ffce ever be liable or responsible for the con
tracts or faults Of this corporation In an
further sum than the unpaid balance du
*. on the stock subscribed for by him. no
shall any mere informality in It's incol
poration or organization serve or tend
b1c have the effect OF rendering this chartt
null or Of exposing any stakeholder
= anv liability other than as herein PR
ARTICLE IX-No stockhoider shall hay
the right to dispose, ALLEVIATE. or othe
that ~, nua.ottor yyitbout 6rst notifvir
jun the said corporation in writing fifteen u!
sanu; DAYS before so doing and the stocl
tates ,ue "a nrivtloae of awaiting then
orE selves Of the holdings or stock so offere
,seph ARTICLE X-This corporation shall
arish anu .,sna rec 0no ool dollars shall ha
u r. been subscribed and four (S4OOOOOl thou
VIII and dollars shall have been paid into g
GNU; said corporations treasury.
sub The subscribers have hereunto WRIT
arish opposite their names the AMOUNTS oI 5'v
THAT in this corporation subscribed for
ne Of them each OF them. so that this Act
such incorporation may also serve as wv . a.
mar nal subscription list of the corporation
neral Thus done. sgne1 and passed in my
l. for flee at New Orleans. State OF LouisiaI
lnted, on the day and in the month and We
elves. hereinabove first written in the preser
agree, Of George Daniel and John II. sur
I'll as competent witnesse who have signed IN
ecome names hereunto together with the said q
selves pearers, and me, notary, after due res
body ing OF the whole.
pur- Name Of suoscribers omittedD
]. the undersigned Recorder OF Mo
theH cages in and for the Parish OF Orlea
State of Louisiana. do hereby certify q
lie OF the above and foregoing Act Of Incorpo
isiana ton. OF The Louisiana Motors Co.. II
which was this day duiy recorded In my ONCE
d The Rock 1893 folio 438
New Orleans June Path. 1922.
g and Deputy RECORD
ion is fSipned1 ROBT. SCOTT
ess to I the undersigned authority do her
,clared certify that the above and foregoing
~ Tncorporation OF The Louisiana Mot