The herald. [volume] (New Orleans, La.) 1905-1953, 1912-07-25
CHARTE Err
OF AUTOMOBILE MAINTENANCE
COMPANY

OF LOUISIANA, PARISH OF ORLEANS,
CITY OF NEW ORLEANS.
BE 1t 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 7S Of 1904, 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 and
under the stipulatiOns hereinafter set forth
ARTICLE l.
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
State of Louisiana, and IL shall have and
enjoy succession by its corporate name for
period of nnety-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 and personal property and
to sell, mortgage or pledge the same, and
TO borrow money and issue bonds, notes
and other obligations.
All citations 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 H.
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
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 1925, 100000, 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
| 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.
| ARTICLE w.
All corporate powers OF this corporation
shall be vested In and exercised by a board
OF directors Of not less than three ~
| stockholders, two OF whom shall constitute
quorum for the transaction of all bust
ness. The board OF directors shall be vested
with null 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 or the company, provided that the said
board may delegate any of its powers and
| authority 70 Of tha nffiearS Of ha
| 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
The first board OF directors of this cor
poration shall be Joseph l.. Bair. James f.
Strawbridge and Joseph Raynaud, with said
| Joseph Raynaud as president, Joseph Il.
Bair, vice-president and James r. Straw
| bridge, secretary-treasurer. Said directors
and officers shall hold their Offices until the
/ nrst 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 seventy-two hours (72) thereafter
| Should said stockholders or any one of
| them after seventy-two (72) hours fail or
| refuse to purchase the stock offered. such
stock may then be sold to any one desiring
TO purchase same.
| ARTICLE vi.
| This act of Incorporation NAV be changed
| altered or modified or this corporation dis
solved with the assent Of three-fonrths of
the stock present or represented at a gen
eral meeting of the stockholders convened
Tor that purpose, after thirty days prior no.
lice or 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 liaui-
dated by three commissioners to be appoint
ed 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
stockholder. Said commissioners shall re-
main In Office until the affairs of said cor
poration shall have been fully liquidated In
case or death of any commissioner, the sur
vivors shall continue to act
ARTICLE VII.
No stakeholder OF this corporation shall
ever be held liable or Responsible for the