The herald. [volume] (New Orleans, La.) 1905-1953, 1913-09-18

sell HIS stock without first offering II to
the corporate ton 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 1OD days In which TO &C
cept or reject such offer. In case or con
troversy, the board OF directors shall deter
mine the rule by which TO arrive at the book
value.
Each share OF stock shall entitle the own
er thereof either in person or by proxy, to
cast one vote at all meetings of stockhold-
ers
Article v.-An Of the corporate powers
OF this corporation shall be vested In and
exercised by a board OF directors composed
of three stockholders, majority TO con
stltute a quorum for the transaction or all
business.
The board OF directors hereinabOve pro
vided for shall be elected annually at a gen,
eral meeting of the stockholders TO be held
on the second Monday in July, not legal
holiday, in the year 1919, and each and ey-
cry succeeding year thereafter, after ten
(1OD days notice In writing mailed TO each
stockholders last known address.
The board OF directors shall elect from
their own number a president and vice
president, and shall further elect or appoint
secretsry-treasurer, who may or may not
be stakeholder.
| And such officers and board OF directors
| shall serve until their successors have been
duly elected and qualified. Special meetings
OF the stockholders may be held at the re.
quest OF any three stockholders, by call
OF the board Of directors after ten (lO) days
notice in writing as above provided. stating
the object OF such meeting.
Any vacancy in the board OF directors
| from any cause whatsoever shall be nlled
for the unexpired term by the remaining
directors.
Article vI.-Thls act OF Incorporation
NAV be changed altered, or amended, or
this corporation may be dissolved by vote
OF two-thirds OF the capital stock issued at
general meeting convened for that purpose
after thirty days notice In writing mailed
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 VII.-whenever this corporation
Is dissolved by limitation or otherwise, It's
affairs shall be liqudated under the super
vision of three commissioners elected at a
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 successor OF
, successors from among the stockholders.
Article VIII.-So stcokhOlder Of this com
! pany shall ever be held liable or responsible
for the contracts or faults OF this corpora
; ton in any further sum than the unpaid bal
ance due on the shares of stock owned by
: him nor shall any informality In the organ
iZataion have the effect Of rendering thi;
charter null, or OF exposing any stockhOldel
, to any liability beyond the unpaid balance
due on his stock nor shall any informally
: or irregularity in organization have the eff
: feet OF rendering any stakeholder liable a.
partner.
! Article IX-The first board Of directors o
y this corporation shall consist OF w. 4
l. Farmhouse, VI. ID. Farmhouse and f. r. Dem
:, Arrest, with w. Z. Farmhouse as president
e VI. ID. Farmhouse as vice-president and I
J, +. Demarest as secretary-treasurer and tn
e said oficers shall serve In their RESPECTIVE
n capacities until their successors shall hav
3 been duly elected and qualified.
10 Thus done and passed, in my office In III
city OF New Orleans, parish Of Orleans, stat
Is OF Louisiana. on the day and date first her
ye inabOve written, In the presence OF Messr
ID william A. Dixon and Frances Eisler, con
nd peteat witnesses, who have hereunto anx'
"A their signatures with those OF appearers an
rh me, notary, after due reading Of the whOl
OF Names OF subscribers omitted.
to Witnesses william 4. Dixon, f. Elsie
n CIIAS. +. FLETCHINGER, Not. Pub
DR. I, the undersigned recorder OF mortgag
en- In and for the parish Of Orleans, state
its louisiana do hereby certify that 1ae abo
and foregoing act OF Incorporation OF w;
~, Farmhouse Auto Company was this day d'
,ou recorded in my office in book 1l19, folio
las New Orleans. La, Aug. %, 1913.
"a (Signed) EMILE LEONARD, ID. X
ing CHAS. F. FLETCHINGER, Not. Pub
sept IL IS % oct