The herald. [volume] (New Orleans, La.) 1905-1953, 1912-09-05

wit: To acquire, maintain and operate a
garage, for the storage, cleaning, polishing
and general care of automobiles and all
other other kinds Of auto vehicles to buy sell,
vehicles of all descriptions, as principal,
agent or on commission; to construct, main
tain and operate complete machine shop
for the repair of automobiles to both man
ufacture and assemble automobiles, auto
vehicles or any of the various parts there
of; to buy, sell, lease and exchange all char
acter and kinds of personal property, wheth-
er the same be specially Identified with the
automobile business or not, and particularly
tires, lubricating oil, gasoline, varnishes
paints, and automobile accessories to main
tain aud operate, for hire taxi-cabs, auto
mobiles and auto-vehicles; to organize, con-
duct maintain and operate school where
instruction shall be given In the operating,
and repair of automobiles; to acquire by
and to buy, sell, lease, erect, construct and
maintain all such buildings as may be
in the discretion of = the board, for
troll Of the business of this corporation !;
to acquire by purchase, lease, exchange or
otherwise trademarks, trade-names, copy
rights. and patents; and, generally to en-
same be incidental to that specially men,
toned herein provided such business be not
specially prohibited by law.
ARTICLE V.
The capital stock of this corporation is
hereby fixed at the sum Of one hundred and
fifty thousand $3.50. 00O.00) dollars, divid-
ed into three thousand $4,000 shares of
fifty ($50.00) dollars each, payable in cash,
or Its equivalent, as the board of directors
may direct. and the corporation is to begin
business as soon as twenty-five thousand
($25, 0O000l dollars Of the capital stock
has been subscribed for. All shares of stock
transfer Of stock shall be binding on the
company unless recorded upon its books,
and made In pursuance OF Its charter and
bylaws No transfer or sale of stock shall
be made to any person without previously
ohering the same at the same price to the
stockholders Of this corporation; said offer
to be submitted in writing to the board Of
fered for sale, the price bona-fideiy for the
same, and the name of the person making
such offer; such option shall be granted for
a a.. period Of not less than twenty days, IN
waive this delay, in writing.
ARTICLE vi.
All the corporate powers Of this com.
pany, and the management and control of
Its business shall be vested in and exercised
py board OF directors composed of seven
~ stockholders. majority of the direc-
tors shall constitute q quorum for the trans.
action Of all business. The directors shall
the second Monday Of July of each YEAR
Each stakeholder shall be entitled. In per
son or by proxy, to q. vote for every share
VI Stock owned Dy~nfm, and all elections
shall be held under such rules and regula-
lions as may be determined BY the board of
The board Of directors thus elected shall
continue In office for one year. and until
their successors have been duly elected and
quallned. Any vacancy occurring on said
board shall be filled by the Remaining di.
rectors for the unexpired term. The board
OF directors shall at It's first meeting after
Its election, nominate out of its number a
president, a first vice-president, a second
vlce-president, and treasurer, and these
omeers shall have such powers as NAV be
conferred upon them by the board OF d.
rectors: The board of directors shall have
tne right and power, and shall, from time TO
time, employ and discharge such clerks and
other employees as may be deeemd neces-
sary, expedient and proper, by them. for
the proper conduct and MANAGEMENT OF the
anairs, business and interests of said cor.
poration Any Of the directors shall have
the right to appoint by written instrument
another director as his proxy to act in
MS stead at any and all meetings of the
board of directors. " '"e
The board of directors shall elect and
employ the secretary of this Corporation
VINO need not be stakeholder, and they
shall hx his compensation, duties and term
Of employment. 'ei ~
ARTICLE VII.
At the first stockholders' meeting "a ho
held Immediately after the organizat,on ~
this corporation, the stockholders shall elect