The herald. [volume] (New Orleans, La.) 1905-1953, 1922-05-11

| fEhC1N AL 81 EhN,
j. II. LEA.
(seaD: sELIM b. LEMLE.
Notary Public
A true and correct copy of the original
(SeaD: SELIM II. LEMLE.
Notary Public
Apr 13-Niay 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, Cl922)
before me. Victor X. Khan. 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 APP
peared: The several parties whose names
| are hereunto subscribed. who severally
| declare to me. notary. that ayailing them
selves of the provisions of the laws of this
| State. relative to the organization Of cor
| poratiOns. and more especially of Act
| 267 of 1914 they have covenanted and
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 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
enjoy corporate existence and succession
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 HI-The objects and pur-
poses for which this corporation Is or
ganized. and the nature Of the business to
he carried on by it are hereby declared
to be.
To manufacture buy. sell, construct,
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
compressed air, or any other motive
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
hni
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. 900. O0) dollars divid-
ed into and represented by two hundred
t2oO) shares of stock at the par value of
twenty-five (S25.OO) 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
hx, or the same mag be issued at not less
than 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 going concern and shall be author
lied to commence business when. and as
soon as twenty-five hundred 80 5OOOO)
dollars Of its capital stock shall have been
subscribed for and one thousand, two
hundred and fifty Cs1.250OO) dollars there
or has been paid for, all in accordance
with the requirements of Act No os7 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
r m H.
and ESQ .000.O0) dollars except in accord
ance with the provisions of section 8 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 n board of directors,
TO be composed Of not more than five and
not less than three stockholders. a ma
Jority of whom sitting ut any time shall
constitute a quorum, said directors to be
elected annually on the LIST Monday OF
April beginning In the year 1923. Each
stakeholder shall be entitled in person
or by written proxy to one vote for each
snare or 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 a notary public or
oIher onicer authorized to take affidavits |
The stockholders Of the corporation are
herewith given and granted the right Of |
cumulative voting in the election of offi |
GERS or directors: All elections shall be |
held under such rules and regulations as |
may be determined by the board of d. |
rectors. after legal notice Of such cleo |
tion shall have been given to each stock |
holder by mail, sent to his last known ad. |
dress. or be published in one Of the daily |
newspapers published in the English |
language in the City of New Orleans for
at least fifteen (15) days preceding such |
elections. The directors thus elected shall |
continue in office until their successors
shall have been duly elected and qualified |
No failure to elect shall be regarded as |
forfeiture Of this charter. ANY vacancy |
occurring on such board Of directors shall |
he filed by the remaining directors for
the unexpired\term, when a vacancy shall |
be considered to exist at any time when |
the maximum number Of directors pro- |
vided by this act Of incorporation are not |
in office and actually so serving. Said |
board of directors may at its first meeting |
after its election elect from its members |
4 president. one or more vice. presidents,
secretary and treasurer and a manager
Or superintendent. 1t may combine the
ohice OF president or secretary and treas
1rer into one, and may even elect a Sec
'etary who need not be a stakeholder or
director. Said board Of directors shall