The herald., 1912-07-18
CHARTER
OF AUTOMOBILE MAINTENANCE
COMPANY.

OF ~ IDMpBlL4E MAINTENANCE
COMPANY.
UNITED STATES Of AMERICA. STATE
OF LOUISIANA PARISH OF ORLEANS.
CITY OF NEW ORLEANS.
Re il known. that on this 18th day Of
the month Of June. in the year Of our Lord
one thousand nine hundred and twelve, and
Of the independence Of the United States
of America, the one hundred and thirty
fifth, before me, William X. Ker, a notary
public. duly commissioned and qualified in
and for the Parish of Orleans, State OF
Louisiana, and in the presence of the wit
neSSes hereinafter named and undersigned,
personally came and appeared the persons
whose names are hereunto subscribed, all
above the full age OF majority, who sever
ally declared that, availing themselves Of
Act as of 1904, well the General Laws
Of the State Of Louisiana relative 10 the
Orga MIA iOn Of corporations, they hereby
form themselves into and constitute a cor
pOratiOn for the objects and purposes and
under the stipuations hereinafter set forth.
ARTICLE |.
The name and title of the corporation
hereby formed is declared to be the Auto
mobile Maintenance Company. Its dOmi-
ellie shall be in the city of New Orleans
enjoy succession by its corporate name for
a period of ninety nine years from the date
hereof.
This corporation shall have power and
authority to contract, sue and be sued In
its corporate name; to make and use
corporate seal; to hold, receive. hire and
purchase real ana personal property ana
to sell, mortgage or pledge the same, and
to borrow money and issue bonds, notes
and other obligations
All citations or other legal process shall
event OF his absence, or inability to act
from any cause the same shall be served
on the secretary-treasurer.
ARTICLE III.
The objects and purposes for which this
corporation is organized, and the nature
Of the business TO be carried on by II are
hereby declalreld to be-
To operate automobile garages, TO buy
and sell and otherwise acquire automobiles
and automobile supplies, to repair and to
build automobiles and automobile trucks and
generally to do any and all business con-
nected Herewith or incident thereto.
ARTICLE III.
The capital stock Of this corporation is
hereby fixed at the sum Of twenty-five thou
sand dollars ($2J,OOO.0O). divided into and
represented by two thousand five hundred
l2,5O0D shares OF the par value Of ten dol
lars $4,000 each.
Said stock shall be paid for in cash, its
equivalent or for services rendered as called
for by the board of directors. This corpor-
alton shall commence business when three
thousand dollars $4,000 shall have been
subscribed. No sale or transfer of stock
shall be valid and binding on this corpora
tion unless made on the books OF the COM
pany.
ARTICLE ".
All corporate powers of this corpora tion
"
OF directors of not less than three 81
stockholders, two of whom shall constitute
quorum for the transaction of all bust
ness. The board of directors shall be vested
with full power and authority to make all
contracts, purchases and sales, and adopt
all bylaws, rules and regulations for gov
eminent of the business of the company,
and alter, amend and change the same at
pleasure; appoint. hire and discharge all
officers, agents and employees, fix all sala-
ries, and generally do and perform all things
necessary for the transaction of the bust
ness of the company, provided that the said
| board may delegate any of its powers and
| authority to any one of the officers of the
| corporation
Any vacancy occurring in the said board
shall be filled by the remaining directors.
| The directors shall be elected annually by
| ballot by the stockholders on the first Mon
| day Of July in each year beginning on the
| first Monday of July. 1914, and a majority
/ of votes cast shall elect, and at all stock
holders meetings held for any purpose.
each share of stock shall be entitled TO one
vote. either in person or by written proxy,
| by the person In whose name same Is reg
| istered on the books of the company.
Written notice Of stockholders meeting
shall be given to each stakeholder by the
secretary at least ten days prior to the
election, by mailing same to his last known
pOStOtfice address
The first board Of directors of this cor.
poration shall be Joseph L. Bair, James Z.
Strawbridge and Joseph Raynaud with sal
Joseph Raynaud as president, Joseph L.
BAR, vice-president and James f. Straw
bridge, secretary treasurer. Said directors
and officers shall hold their Offices until the
first Monday of July, 1914, or until their
successors are elected and have qualified
| ARTICLE V.
Should any stakeholder desire to sell his
stock, he shall first offer the same to the
stockholders of this corporation through its
board of directors and any stakeholder shall
have the right to purchase the same at its
book value at the time of the Offering or
within seyenty-twO hours (72) thereafter
| Should said stockholders or any one OF
them after seventy-twO (72) hours fail or
stock may then be sold to any one desiring
| to purchase same
ARTICLE vi.
This act of Incorporation may be changed
altered or modified or this corporation dis
solved, with the assent Of three-fourths OF
| the stock present or represented at a gen
eral meeting Of the stockholders convened
for that purpose after thirty days prior no
tice OF such meeting shall have been given
by publication OF one Of the daily news
papers published in the City of New Or.
leans Whenever this corporation is dis
solved, either by limitation Of its charter
or from any cause, its affairs shall be lidui-
dated by three commissioners to be appoint
Ell from among the stockholders at a meet
Ing OF the stockholders convened for that
purpose, after thirty days prior notice shall
have been given by the secretary to each
| stakeholder. Said commissioners shall re.
main In Office until the affairs Of said cor
poration shall have been fully liquidated. In
case OF death Of any commissioner, the sur
vlvors shall continue to act.
ARTICLE VII
No stakeholder of this corporation shall
ever be held liable or responsible for the