The herald., 1912-08-01
CHART Err
OF AUTOMOBILE MAINTENANCE
COMPANY

COMPANY.
UNITED STATES OF AMERICA STATE
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, ana
Of the independence OF the United States
of America, the one hundred and thirty
fifth, before me, William X. ker, notary
public duly commissioned and qualined In
and for the Parish of Orleans, State or
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, availinS themselves or
Act IS of 1904, as well as the General Laws
of the State of Louisiana relative TO the
organiZa ton of corporations, they hereby
form themselves into and constitute cor
poration for the objects and purposes and
under the stipulations hereinafter set forth.
ARTICLE l.
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
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 and personal property and
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
he 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 1t are
hereby declalreld TO be-:
TO operate automobile garages, to buy
and sell and otherwise acquire automobiles
and automobile supplies, 10 repair and to
| build automobiles and automobile trucks and
! generally to do any and all business con-
| ARTICLE III.
The capital stock OF this corporation is
| hereby fixed at the sum OF twenty-five thou
sand dollars (S25,00000), divided into and
| represented by two thousand five hundred
| - 500 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
| ton unless made on the books Of the COM
pany.
All corporate powers of this corporation
| shall be vested In and exercised by a board
OF directors OF not less than three go
stockholders, two OF whom shall constitute
i 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 adopt
all bylaws, rules and regulations for gov
eminent of the business of the company
pleasure; appoint hire and discharge al
officers, agents and employees, fix all sala
ries, and generally do and perform all thing
necessary for the transaction Of the bust
mo- of thn dad hat rha Caff
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 majOrit.
of votes cast shall elect, and at all stock
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 10 each stakeholder by tn
secretary at least ten days prior to tn
! election by mailing same to his last know
pOStOffice address.
The first board OF directors Of this cor
poration shall be Joseph L. Bair, James T
Strawbridge and Joseph Raynaud, with sal
Joseph Raynaud as president, Joseph L
= Bair. vlce-president and James E. Straw
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
J stockholders of this corporation through II
board of directors and any stakeholder shall
have the right to purchase the same at 1t
book value at the time OF the Offering. o
] within seventy-two hours (72) thereafter
Should said stockholders or any one o
J 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
J solved, with the assent of three-fourths O
the stock present or represented at a gen
eral meeting of the stockholders convene
for that purpose, after thirty days prior no
, 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 liqul
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 shall
have been given by the secretary to eacl
stockholder. Said commissioners shall re
, main In Office until the affairs Of said cor
poration shall have been fully liQuidated II
! case OF 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 tn