The herald., 1913-09-11

sell his stock without first offering it to
the corporation for sale at its book value,
such offer to be made In writing addressed
10 the board of directors, and the corpora
tiOn to have ten ,1OD days In which to ac-
cept reject Sucp offer. In case Of 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
east one vote at all meetings of stockhold-
ers.
Article V-AIl OF the corporate powers
OF this corporation shall be vested In and
exercised by board Of directors composed
of three stockholders a majority TO con-
stitute quorum for the transaction of all
business.
The board OF directors herenabOve 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 1914, and each and ev-
cry succeeding year thereafter, after ten
(10) days notice In writing mailed 10 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
a secretary-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 (l0) 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 filled
| for the unexpired term by the remaining
| directors.
Article vI.-This act OF Incorporation
may be changed, altered or amended, or
this corporation may be dissolved by vote
| Of two-thirds OF the capital stock Issued at
a 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, its
affairs shall be liquldated 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 or
successors from among the stockholders.
Article VIII.-No stakeholder 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 infOrmality In the organ.
. iZatalon 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 informally
or irregularity in organization have the ef
=, feet OF rendering any stakeholder liable al
a partner.
. Article IX-The first board Of directors o
J this corporation shall consist Of w. L
. Farmhouse, VI. ID. Farmhouse and +. r. Dem
;, Arrest, with W. =. Farmhouse as president
VI. ID. Farmhouse as vlce-preSident and +
I, f. Demarest as secretary treasurer; and tn
= said officers shall serve In their RESPECTIVE
u capacities until their successors shall hav
: been duly elected and qualified.
o Thus done and passed, in my Office In tn
city OF New Orleans, parish Of Orleans, stat
Is OF Louisiana. on the day and date first here
'e inabOve written, In the presence OF Messri
u william A. Dixon and Frances Eisler, con
ID petent witnesses, who have hereuntO afixe
d their signatures with those OF appearers an
h me, notary, after due reading Of the who'll
Df Names Of subscribers omitted
TO Witnesses william 4. Dixon, 4. Elsie
n CHAS. +. FLETCHINGER, Not Pub.
r. l. the undersigned recorder OF mortgage
IN In and for the parish OF Orleans, state
Is louisiana do hereby certify that BE aOo'
and foregoing act OF Incorporation Of w.
m Farmhouse Auto Company was this day du
as recorded in my office in book l119, folio -
% %" New Orleans La, Aug. %, 1913.
or (Signed) EMILE LEONARD, ID. X.
No 4 true copy.
ns CIIAS. r. FLETCHINGER, Not Pub.
70 sept IL IS % oct