The herald., 1913-10-02
CHARTER

W
United States of America, State OF boulsl'
ana, Parish Of Orleans, City OF New Ut
leans.
August 1913 and OF the indeendence OF the
Tuited States OF America the one hundred
and thirty-seventh, before me. Charles +
Fletchinger a notary public, duly commls
stoned and qualified in and Tor ths PATS
presence OF the witnesses hereinafter named
and undersigned, personally came ana sp
peared the several persons whose names arr
heTeunto subscribed, who seyeraly declared
THAT. awaiting themselves OF the laws OF tn,
state Of Louisiana In such cases made anS
provided, they have coyenanted, and 90 0.
these presents covenant, agree ana Dlh'
themselves 10 form and constitute a corPof
alton and body polite in law for the OBJ
jects and purposes, and under the terms an'
conditions, following, to-wit:
Article This corporation shall De snow
as the ''W, y. Farmhouse Auto Company,
and as svch shall have continuous success
sion for ninety nine years, unless sooner uIs
solved and shall have power 10 sue AM
10 be sued; TO acquire and hold Dy purcnaST'
or otherwise property real ana persons
movable immoyable and mixed, ana th'
same TO sell, lease, mortgage, pledge ny
pothecate or otherwise dispose OF, IN an!
and every manner whatsoever; 10 Ir%N
make and endorse bills Of exchange and pro
missory notes and to issue bonds; 10 elecl
and appoint such officers, directors ahC
agents. as the interests OF the corporation
shall reO..tre and TO make all urCtSSdAJ W
Laws rules and regulations for the proper
management OF Its affairs and the same %
alter, amend, or repeal at pleasure, Ant
generally TO exercise all powers that are
conferred on corporations organized lot Ink
purposes hereinafter stated,
Article 1.-THE dOmlcile or this corpora
ton shall be in New Orleans, PARISH OF vi,
leans, State OF Louisiana and all CITATIONS
or other legal process shall be served on
the president OF this corporation, or, IN the
event OF his absence, On the vice-presldent'
or, in the event OF his absence, on me sec.
Rotary, In the order enumerated, ana IN IA tae
event OF the absence OF the respective on
GERS at the Office OF the company.
Article III.-The objects and purposes Tot
which this corporation Is organized and
the nature Of The business 10 be carried on
and cor Quoted BY It, are hereby declared 10
be as follows: To manufacture, BUY, sell
construct, erect, equip, maintain, repair
rent. trade, operate and store automoOues'
and all kinds OF vehicles, bicycles, or water
craft, " every description and character
whatsoever, propelled by steam, electricity,
gas, gasoline. compressed air or any other
motive power; also TO buy, seii, manuIac-
ture, trade and deal In engine machinery,
pumps dynamOs and all accessories or the
said automobiles, bicycles, machines, Vehl-
cles or water-crsft; and to own, either by
purchase or otherwise, to lease, rent, erect,
construct maintain, and operate garages,
and buildings necessary or incident 10 the
business herein contemplated; and 10 BUY,
sell, rent, or lease real estate In the course
@
connection with the said business or other
wise and generally to do all things proper
and legal that may relate or appertaln 10
the objects and purposes herein set IGrtn tb,.
corporation is hereby fixed at twenty-five
thousand dollars 25,00O.00), TO be divided
into and represented by two hundred and
fifty shares Of the par value OF one hundred
times and In such manner as the board OF
directors may deem ft and proper, and to
be payable In cash, property, or services rem.
dered. Certificates OF stock shall be signed
by the president and secretary, and this cor
poration shall become going concern when
three thousand dollars ls3,0OOOOl OF its
capital stock has been subscribed for.
No transfer Of stock shall be binding upon
the corporation, unless said transfer has
been made upon the books Of the corpora
ton nor shall any stockholder pledge or
hypothecate his stock without first obtaining
the permission OF the board Of directors
nor shall any stockholder be permitted to
sell HIS stock without FIRST Offering II to
the corporation for sale at It's book value
such offer to be made In writing addressed
to the board of directors, and the corpora
ton to have ten (10) days In which to &C
cept or reject such 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, &c
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, a majority to con,
stitute a quorum for the transaction or all
business.
The board Of directors hereinabove pro-
vided for shall be elected annually at gen.
eral meeting Of the stockholders to be held
on the second Monday in July, not a legal
holiday, in the year 1914, and each and ev'
cry succeeding year thereafter, after ten
(10l 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
a secretary-treasurer, who may or may not
And such oficers and board of directors
shall serve until their successors have been
duly elected and qualified. Special meetings
quest Of any three stockholders. by a call
Of the board of directors after ten (10) days
notice In writing as above provided, stating
the object Of such meeting.
from any cause whatsoever shall be filled
for the uneIpired term by the remaining
directors.
Article vI.-This act of incorporat ton
may be changed, altered, or amended, or
this corporation may be dissolved by a vote
OF two-thirds Of the capital stock issued al
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.-Wheneyer this corpora alton
Is dissolved by Limitation or otherwise its
N2nairs shall be liquidated under the super
piston OF three commissioners elected at a
eneral meeting Of stockholders convened
= !or 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 stakeholder OF this COM
pany shall ever be held liable or responsible
Tor the contracts or faults Of this corpora
tion In any further sum than the unpaid bal
ance due on the shares of stock owned nv
him nor shall any informality in the organ
izataion have the effect Of rendering this
charter null. or OF exposing any stakeholder
10 any liability beyond the unpaid balance
due on his stock; nor shall any informality
or irregularity in Organization have the ef
rect OF rendering any stakeholder liable as
q partner.
Article Ix.-The first board of directors OF
TINS corporation shall consist OF w. p.
Arrest, with w. p. Farmhouse as president.
M. ID. Farmhouse as vice-president and r.
70. Demarest as secretary treasurer; and the
said 1mcers shall serve in their respective
capacities until their successors shall have
been duly elected and qualified
Fhus done and passed, In my Office In the
city or New Orleans, parish OF Orleans, state
or Louisiana on the day and date first here.
William A. Dixon and Frances Eisler com
petent witnesses, who have hereunto afixed
their signatures with those Of appearers and
me, notary. after due reading OF the whole
Names OF subscribers omitted
Witnesses: William A. Dixon, f. EisIer.
CHAS, Z. FLETCHiNGER, Not. Pub
l, the undersigned recorder Of mortgages
IN and for the parish Of Orleans, state of