The herald., 1922-04-27


Notary Public
A true and correct copy of the origina
(SeaD: SELIM Il. LEMLE,
Notary Publ,
Apr. 13-May IS.
CHARTER OF RELIABLE USED Cal
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 o
| the month of April in the year one thOus
and. nine hundred and twenty-five, Q922)
| before me, Victor X. KAN, a notary pub
| ne in and for the Parish of Orleans. Stat
! 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 name.
| 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 of Act
261 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 THE name of this corpora
ton shall be Reliable Used Car Company,
Inc, and under its corporate name il shall
have the power and authority to have and
enjoy corporate existence and succession
for the full term and period of ninety
ulne years from and after the date hereof
10 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
Gence or debt, to name and appoint such
managers, agents, directors and officers as
its business interests and convenience NAV
require, and to make and establish as
Wen 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-presidcnt thereof
ana IN the absence of both of said parties
or onlcers upon the secretary of this COR
pOratiOn
ARTICLE III-The objects and mr.
poses for which this corporation is or
ganized, and the nature of the business TO
to be.
erect, equip. maintain. repair. rent trade
operate and store automobiles and ali
kinds of vehicles or water craft of every
kind and character whatsoever propelled
oy steam. electricity, gas, gasoline. or
compressed air, or any other motive
power; also to buy, sell. MANUFACTURES
trade and deal in engines, machinery.
pumps, dynamOs, and all accessories OF
sald automobiles, machines or vehicles
ana 10 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-
necuon 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
ana the business herein contemplated.
ARTICLE IV-The capital stock of this
corporation is hereby fixed at the sum
OF five thousand ($5. 1000 O) dollars. diyid-
ea into and represented by two hundred
ZOO shares Of stock at the par value of
twenty-five lS25.O0) dollars per share.
such time and after such notice to the
subscribers as the board of directors NAV
nx. or the same may be issued at not less
than par for labor done or services rem
uerea sald corporation. or property or
rights actually received by said corpora
tion. This corporation shall be and be-
come going concern and shall be author
lzed to commence business when and as
soon as twenty-five hundred (s2 5OOOO)
lo,lars OF its capital stock shall have been
subscribed for and one thousand, two
hundred and fifty ($1,25O.OO) dollars there |
u has been paid for, all in accordance |
with the requirements Of Act No 267 of |
me General Assembly for the State of
for the year 1914, and the
The amount to which the capital stock |
u this corporation may be increa sed shall |
lt no time exceed the sum of fifty thous-
md (S5o,ooo00 dollars, except in accord
nee with the provisions of section Of
Yet No. 267 Of the General Assembly of the
,tate OF Louisiana for the year 1914 and
he amendments thereto.
ARTICLE V-All Of the corporate
,owers OF said corporation shall be vested
o be composed Of not more than five and
lot less than three stockholders. n ma
ority OF whom sitting at any time shall
9hstitute quorum, said directors to be
iecied annually on the LIST Monday Of
tockholder shall be entitled in person
= oy written proxy to one vote for each
mare OF the capital stock held by him and Z
landing In his name on the books of the
e Spora th or ne may send his vote by
Ter, the signature to which must be
c,knowiedged before a notary public or
ther officer authorized to take affidayits
ne stockholders Of the corporation are
erewith given and granted the right of
l.
ers or directors: All elections shall no
cid under such rules and Regulations as
lay be determined by the board OF di-
ectors. after legal notice of such eIec-
ION shall have been given to each stock
older by mail. sent to his last known ad.
ress, or be published in one of the daily
ewspapers published in the English
lnguage In the City Of New Orleans fo-
least fifteen Q5) days preceding such
ections. The directors thus elected shall
'ntinue in Office until their successors
lalI have been duly elected and qualified.
0 failure to elect shall be regarded as a ,
'rfeiture Of this charter. Any vacancy
curing on such board of directors shall
hlled by the remaining directors for
re unexpired term, when a vacancy shall
considered to exist at any time when {
e maximum number of directors pro-
ded by this act of incorporation are not s
onice and actually so serving. Said a
ara or directors may at its first meeting 4
Ter It's election elect from its members n
president, one or more yice-presidenfs | 3
secretary and treasurer and a manager e
;. superintendent. 1t may Combine the q
ice OF president or secretary and treas n
er into one. and may even elect a sec n
tary who need not be a stakeholder or a
rector. Said board of directors shall h
We the right and power to appoint and g