The herald. [volume] (New Orleans, La.) 1905-1953, 1911-08-17
ARTICE V.

All the corporate powers Of this company
shall be vested in, and the mana cement and
control Of Its business and affairs shall be
exercised by a board Of directors composed
OF three stockholders, who shall be elected
annually, by ballot OF the stockholders on
the second Tuesday In June of each year
Each stakeholder shall be entitled to one
vote on each share OF stock owned by him,
either in person, or by proxy. All elections
shall be held under such rules and regula-
lions rs may be determined by the board OF
directors, and after at least ten days writ
ten notice shall have been given TO each
directors thus elected shall continue in of
nee Tor one year, or until their successors
shall have been duly elected and qualified.
No failure to hold an election shall be re-
garded as a forfeiture OF this charter. A
majority of the board of directors shall con-
stitute a quorum for the transaction of all
business. Any vacancy occurring on said
board shall be filled by the remaining direc-
tors for the unexpired term. Said board of
directors shall, at its first meeting, elect
from among its number, president vice
president and a secretary-treasurer.
ARTICLE VI
No stakeholder shall ever be held liable
or responsible for the contracts, faults or
debts of this corporation, nor shall any
mere informality in its organization have
the effect Of rendering this charter null. or
beyond the unpaid balance due on tn> shares
owned by him.
ARTICLE VII.
This act of Incorporation may be changed.
modified or altered, or this corporation NAV
pc dissolved with the assent of the stock
holders owning majority of the stock of
the corporation at a general meeting con-
yened for that purpose, after at least ten
days notice shall have been given to each
CT ~ bnId L., q H.
yided for in Artlvle v of this charter. In
case OF the dissolution Of this corporation
by the expiration of this charter or other
wise, the stockholders shall elect three
liquidate and settle the business and af-
fairs OF the company. In case of the death
or disability Of any of said liauidators, the
survivor or survivors shall appoint a sue
cessor to him.
ARTICLE VIII.
Immediately after the first meeting of the
BOARD OF directors Of this company, the said
board shall elect from among its number. a
president, a vice president and a secretary
This corporation shall become a going
concern as soon as five thousand (S5, 900. OO1
subscribed for.
Thus done and passed at my office in the
city of New Orleans, on the day, month and
year, herein first above written, in the
presence Of Theodore A. Beck and Anthony
Troyani, both Of this city, competent witt
ness, who have hereunto signed their names
with the said appearers and me. notary
after due reading Of the whole.
(Original Signedl Charles Kreher, 90
shares; Bertha Kreher, per Charles Kreher,
~ shares; Charles W. Kreher, 10 shares.
witnesses: T. A. Beck, Ant Troyani
ROBERT LEGIER, Not Pub.
l, the undersigned recorder of mortgage
IN and for the parish Of Orleans and state
OF louisiana, do hereby certify that the
above and foregoing cearter of the '.Krehre
Auto Company" was this day duly recorded
In my ONCE, In Book 1913, folio.
New Orleans, La, July 10, 1911.
(Signed) EMILE LEONARD,
Deputy Recorder.
A true copy from the original act.
ROBERT LEGIER, Not. Pub
July 13-20-27, Aug. Bolt, 1911.