The herald., 1913-02-20
territory or country in which it may do bus


in the city of New Orleans, state of Lou !
iSiana. The president or in his absence or
in case Of his disability, the vice-president Is
hereby designated as the officer on whom |
served.
ARTICLE III.
The objects and purposes of this corpora |
ton and the nature of the business 20 be |
carried on by it are hereby declared TO be as
follows 10 buy, sell, manufacture, construct, |
erect, equip, maintain, repair, rent trade, !
operate and store automobiles, taXicabs and
all other kinds of vehicles and water craft |
of all kinds and character whatever propelled
by steam, gas, gasoline, electricity, com |
pressed air or any other motive power also
TO own, buy, sell, manufacture, trade and
deal in engines machinery, pumps, dynamOS
and all other supplies and accessories Of
said automobiles, machines or vehicles, in
cluding gasoline, lubricating oils. greases.
etc, TO act as manufacturers agent or agent
OF owners of any of the above mentioned
articles and business, and to own either by
purchase or otherwise and TO lease, rent, |
erect, construct. maintain and operate ma
chine shops, garages and buildings necessary
or convenient for the purposes OF the bust |
ness or businesses herein contemplated. and
to buy, sell, rent or lease real estate in the
course of the conducting Of said business
or businesses; to acquire and hold stock.
bonds or other securities of any corporation
engaged in any of the several sorts of bust
ness hcreinabOye mentioned, and to exercise
all the rights of ownership of such stock
or securities. including 1ne flEht 10 Npte Inc
same. and generally TO do any and every act
whatever which relates or appertainS to the
objects and purposes hereinabOvc expressed
ARTICLE ".
The capital stock of this corporation is
hereby fixed at the sum of seventy-fve hun
dred dollars (S7,J00.00) divided into seventy
five shares t15) OF one hundred dollars
tSlOO.0OD each. The same shall be paid for
in cash on the acceptance Of the subscription
therefor or in such instalImentS, payable at
such times as the board Of directors herein
after established may, from time 10 time pre-
scribe, or the same may be issued in pay
ment for property acquired by the corpora
tiOn or in compensation for services or labor
actually rendered to Ii. No stock certificate
shall be issued until the same shall be fully
paid for. No stOckhOlder shall sell, assign
or transfer his stock in this corporation un-
til after having given thirty days prior writ
ten notice OF his intention so to do to th-
stockholders. by leaving the said notice with
the secretary of the corporation, and the
other stockholders of said corporation shall
during the said period have the first priyi-
lege OF purchasing the same.
This corporation shall have a lien or
pledge on the stock owned by any stock
holder 10 secure all the Indebtedness owing
by such stakeholder to the said corporation.
No transfers OF stock shall be effective 50
far as this corporation is concerned until
the certificate therefor shall have been sur
rendered and such transfer shall have been
noted upon the books of the corporation.
This corporation shall begin business and
become going concern when three thousand
dollars ($3,O00.O0) of is capital stock shall
have been subscribed.
ARTICLE V.
All the powers of this corporation shall be
vested in and exercised by board of direc-
tors. composed of three stockholders who
shall hold their office for the term of one
year or until their successors shall be elect
ed. The election Of directors shall take
place annually on the first Monday Of July
in each year.
Said elections and all other elections un-
der this charter except as herein otherwise
provided. shall be by ballot. The same shall
be held at the dOmicie of the corporation
and in its head Office. under the supervision
Of commissioner appointed by the board
Of directors. \ notice of such election shall
he sent TO each person who appears by the
books of the corporation to be a stockhOlder
by mall at his last known address, the same
10 be posted, charges prepaid. at least ten
DAYS before the election, and no other or
further notification thereof need be given
II the address of any stockhOder be not
known, ii shall be sufficient TO deposit the
notice in the post office. addressed General
Delivery. New Orleans La"
At all elections and at all meetings Of
the stockholders each stOckhOlder shall he
entitled TO one vote for each share of stock
standing in his name on the books of the
corporation to he cast In person, or by writ
ten proxy, and the majority of votes so
cast shall elect or prevail, except as here
matter specially provided otherwise.
Any vacancy occurring among the dirrc-
tors or officers by death, resignation or 9th
erwise shall he filed by the board for the
vmainder of the term then running. Fail
ure to elect directors on the day above ap-
pointed shall not dissolve the board of dircc-
tors nor the corporation. but De directors
and officers Heretofore elected shall remain
in office until their successors shall be
elected
ARTICLE VI
The board of directors annually on the
day of their election or as soon thereafter
as they shall meet, shall elect viva vOce
from among their number a president, a
vice-preSident, and a secretary-treasurer. or
| they may confer the functions of treasurer
on any other officer. The terms of said off
GERS shall be the same as that of the board
electing them and their powers and duties
shall be such as are appropriate to their
several offices or such as may be provided by
the bylaws or resolutions of the board.
The said board shall have plenary power
| TO make and from time TO time amend by
| laws, rules and regulations for the conduct
of the affairs Of the corporation and gener-
| ally the said board shall have all such pow
| venient for the transaction OF the business
| or businesses of the corporation and for ef
| fecting the objects and purposes of the same
| ARTICLE VII.
| The first board of directors shall consist
or the following Samuel Wolf. l.. !. Ia
croix and y. G. LacrOix, of whom Samuel
Wolf shall be president, l.. ]. Lacroix, vice
| president and p. G. Lacroix, Secretary-treas
| urer, WHICH Salu DOaru ana OmcerS snail nOld
| office until the first Monday in July. 1914
or until their successors shall be elected.
| ARTICLE VIII.
| This charter may be amended or the said
| corporation may be dissolved at any time
| with the assent Of three-fourths OF the cap
| ital stock thereof. represented at general
meeting OF the stockholders convened after
notice thereof given as prescribed In Article
Y, and stating the purpose of said meeting
| The capital stock Of the corporation may
| be increased or decreased In accordance with
| the laws of the state now in effect or which
may hereafter be enacted.
| ARTICLE TX.
| Whenever this corporation shall be dis
| solved either by limitation or from any othel
cause. its affairs shall be liquidated and
I wound up by three commissioners who shal
| be elected from among the stockholders a
a general meeting convened for that purpose
notice of which shall be given as provided IL
| Article v.
Any vacancy among them shall be filed BY
the survivors or survivor.
ARTICLE Y.
| No stOckholder shall ever be held liabl,
for the debts or faults of this corporation II
any further sum than the unpaid balance
II any, due by him to the corporation on tn,
shares of stock owned by him nor shall an
mere informality in organization have th'
effect of rendering this charter null or o
exposing any stockhOlder to any liability
beyond the unpaid balance due on his stock
ARTICLE XI.
The said appearers hereby severally de
clare that In order to organize this corpora
subscription list thereof, they do each o
them severally subscribe for the number o
shares of the capital stock thereof written b.
their hands after their respective sigma
lures.
In faith whereof. the said appearers hav
| .nfn thafr han IL x.-it,