The herald., 1912-08-15
CHAR
OF AUTOMOBILE MAINTENANCE
COMPANY.

COMPANY.
UNITED STATES OF AMERICA, STATE
OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE II known. that on this 18th day or
the month OF June, in the year OF our Lor9
one thousand nine hundred and Twelve, ana
OF the independence OF the United States
of America the one hundred and thirty
fifth. before me, William X. Ker, notary
Dublic duly commissioned and quallned IN
and for the Parish OF Orleans, state OF
Iouisiana. 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, VINO sever.
ally declared that availing themselves or
Act rs of 1904, as well as the General Laws
of the State Of Louisiana relative to the
organization of corporations, they hereby
form themselves into and constitute a cor
pOration for the objects and purposes ana
under the stipulatiOns hereinafter set forth.
ARTICLE |.
The name and title Of the corporation
hereby formed is declared to be the Auto
mobile Maintenance Company. Its domi-
cile shall be In the city OF New Orleans,
State OF Louisiana, and 1t shall have and
enjoy succession by its corporate name for
period of ninety-nine years from the date
hereof.
This corporation shall have power and
authority to contract, sue and be sued In
corporate seal; to hold, receive, hire and
purchase real and personal property ana
to sell, mortgage or pledge the same, and
10 borrow money and issue bonds, notes
and other obligations.
All citations or other legal process shall
be served upon the president, and In the
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 it are
hereby declalreld to be:
To operate automobile garages, to buy
and sell and otherwise acquire automobiles
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 i,
hereby fixed at the sum OF twenty-five thou
sand dollars (s25,000.00), divided into and
| represented by two thousand five hundred
| (2,5OOl shares Of the par value OF ten dol
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 (S3,OOO) shall have been
subscribed, No sale or transfer Of STOCK
shall be valid and binding on this corpora.
ton unless made on the books Of the com
pany.
| All corporate powers of this corporation
shall be vested In and exercised by boarc
1
| stockholders, two of whom shall constitute
| a quorum for the transaction of all bust
ness. The board Of directors shall be vested
with full power and authority to make al
| contracts, purchases and sales, and adop
all bylaws, rules and regulations for gov
eminent of the business of the company
and alter, amend and change the same a
pleasure; appoint. hire and discharge al
ries. and generally do and perform all thing
necessary for the transaction Of the bust
ness Of the company, provided that the salt
board may delegate any OF Its powers ant
authority to any one Of the officers OF tn
corporation.
Any vacancy occurring In the said boar,
shall be filled by the remaining directors
The directors shall be elected annually b.
ballot by the stockholders on the first Mon
day Of July in each year beginning on tn
first Monday of July. 1914, and a majorit
holders meetings held for any purpose
each share Of stock shall be entitled to on
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 meetin
shall be given to each stakeholder by tn
secretary at least ten days prior to tn
election. by mailing same to his last know
The first board of directors Of this col
poration shall be Joseph L. Bair, James I
Strawbridge and Joseph Raynaud, with sal
HSieph Raynsad as president %osegh
bridge, secretary treasurer. Said director
and officers shall hold their offices until tn
first Monday OF July, 1914, or until thei
successors are elected and have qualified.
ARTICLE v.
Should any stakeholder desire to sell hi
stock, he shall first offer the same to tn
stockholders Of this corporation through II
board Of directors and any stakeholder shal
have the right to purchase the same at IT
book value at the time of the Offering o
within seventy-two hours (72) thereafter
Should said stockholders or any one O
them after seventy-two (72) hours fail o
refuse TO purchase the stock offered, sue
stock may then be sold to any one desirin
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 O
the stock present or represented at a ger
eral meeting Of the stockholders convene
for that purpose, after thirty days prior nc
tice OF such meeting shall have been give
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 charte
or from any cause, its affairs shall be liqu
dated by three commissioners to be appoint
ed from among the stockholders at a meet
, ing of the stockholders convened for tina
purpose, after thirty days prior notice shal
have been given by the secretary to eac
stockholder. Said commissioners shall re
main In office until the affairs Of said col
poration shall have been fully liquidated.
! case of death Of any commissioner, the SUI
vivors shall continue to act.
ARTICLE VII.
NO stakeholder of this corporation sha
ever be held liable or responsible fol-" tn