The herald., 1913-09-04

sell his stock without first Offering it TO
the corporation for sale AT its book value,
such offer to be made In writing addressed
TO the board of directors, and the corpora
tiOn to have ten tlOI days In which to ac-
cept or reject such offer. In case OF con
trOvcrsy, the board OF directors shall deter
mine the rule by which to arrive at the book
value.
Each share Of stock shall cntitle the own
er thereof, either In person or by proxy, TO
cast one vote at all meetings of stockhold
ers.
Article V.-All Of the corporate powers
Of this corporation shall he vested In and
exercised by board Of directors composed
Of three stockholders, majority TO con
stitute quorum for the transaction OF all
business.
The board of directors hcreinabOve pro
vided for shall be elected annually at gen
eral meeting Of the stockholders to be held
on the second Monday in July, not legal
holiday. in the year 1914, and each and ev-
cry succeeding year thereafter, after ten
(lO) days notice In writing mailed TO each
stockholders last known address.
The board of directors shall elect from
! their own number president and vice
/ president, and shall further elect or appoint
a secretary -treasurer, who may or may not
| be a stakeholder.
! And such officers ami board of directors
| shall serve until thei. Successors have been
| duly elected and qualified. Special meetings
of the stockholders may be held at the re-
quest of any three stockholders, by "A call
/ Of the board Of directors after ten 10) days
notice I'm writing as above provided, stating
| the object Of such meeting.
Any vacancy in the board Of directors
| from any cause whatsoever shall be filled
for the unexpired term by the remaining
! directors.
Article vG-This act Of Incorporation
may he changed. altered or amended,
| this corporation may be dissolved by a vote
Of two-thirdS Of the capital stock issued at
a general meeting convened for that purpose
4. ill.,. Ill
TO each stockholders last known address.
and after ten days publication In one Of the
daily newspapers Of the city Of New Orleans.
and as prescribed by law.
Article VIT.-Whcncver this corporation
Is dissolved by limitation or otherwise. it's
affairs shall be llquidated under the super
vision Of three commissioners elected at
general meeting of stockholders convened
for that purpose, after the notice specified
In Article Six Of this charter. In case of the
death or disability to act OF any one or
more OF the said commissioners, the remain
ing commissioners shall elect a successor or
successors from among the stockholders
Article VIII.-No stcokholder OF this com
pany shall ever be held liable or responsible
for the contracts or faults OF this corpora
tiOn in any further sum than the unpaid bal
ance due on the shares of stock owned by
him nor shall any informallty In the organ
izataiOn have the effect OF rendering this
charter null, or of exposing any stakeholder
to any liability beyond the unpaid balance
due on his stock: nor shall any infOrmality
| or lrregularlty IN organization have the Ell
feet Of rendering any stakeholder liable as
! a partner
: Article IX-The first board Of directors OF
this corporation shall consist Of W. i.
Farmhouse, NJ. II. Farmhouse and +. +. Dem
Arrest, with w. T.. Farmhouse as president,
VI. ID. Farmhouse as yice-preSidcnt and +.
, F. Demarest AZ secretary-trcasurer; and the
! said officers shall serve in their respective
! capacities until their successors shall have
been duly elected and qualified.
0 Thus done and passed, In my Office I'm the
city Of New Orleans. parish OF Orleans. state
: of louisiana on the day and date first here
@ inabOve written, in the presence Of Messrs
L william \. Dixon and Frances Eisler, com
petcnt witnesses. who have heTeunto alike,
their signatures with those Of appearers aHt
me, notary, after due reading Of the whole
f Names Of subscribers omitted.
o Witnesses William \. Dixon, L. Elsler
J. CiIAS +. FLETCHINGER, Not. Pub.
r I, the undersigned recorder Of mortgage
n In and for the parish OF Orleans, state o
s Louisiana, do hereby certify that tSe abOy
| and foregoing act of Incorporation Of W. I
N | Farmhouse Auto Company was this day dull
. recorded in my office In book 1119, folio -
!. New Orleans. La, Aug. -, 1913.
y (Signed) EMILE LEONARD, ID. Il.
a. \ true copy.
= CHAS. +. FLETCHINGER, Not. Pub.
- sept IL is 25 oct .