The herald. [volume] (New Orleans, La.) 1905-1953, 1916-09-21
CHARTER

aug - 81 sept IL q y
| CHARTER
lOF TIE INTERSTATE AUTO SUPPLY
| COMPANY, INC.
! United States OF America, State OF LOulsi-
ana, Parish OF Orleans, City of New Or
| leans.
| BE it known, that on this thirty-hrst day
! u the month OF August, IN the year Of our
| Lord, one thousand niue hundred and six
I teen, and OF the independence Of the United
/ States Of America, the one hundred and
i1rty-hrst, before me, Arthur y. Moreno,
! a notary public in and for The Parish of Or.
| leans, State OF Louisiana, duly commissioned
| and qua lncd, and IL the presence of the vii.
! nesscs hereinafter named and undersigned
personally came and appeared the following
| persons whose names are hereuutD sub
| scribed, together with the amounts of Their
| respective subscriptions to thecapital stock
! u the corporation to be formed, who sever
| ally declare that, avaIllng themselves of the
| PROVISIONS Of the general laws OF the State
/ OF louisiana relative to the organization OF
| corporations, they have cUvenanted and
| agreed, and do by these presents covenant
! As well such other persons as may be
| hereafter become associated with them or
| their successors, TO form and Constitute them
I selves into corporation and body polite
/ III law, and for the objects and purposes and
! tO-wIt:
Article The name and title Of this cor
| ppratlOn shall he The Interstate Auto Supply
| Company, lnc., and by that name said cor
| poiaiIOn shall have power and authority TO
| nave and ENJOY succession Tor the full term
| OF nlEety-nIne years from the date hereof: :
| to contract sue and be sued; to make and
| use corporate seal; to purchase and re-
| CeIve, lease, hold, sell and convey, as well
| as mortgage and hypOthecate, property, real
| personal and mixed; 20 and appoint
| such officers and agent, the interest of
sald corporation may require; and to make
and establish such bylaws and regulations
| Tor the proper management and regulation o
| fits affairs may be deemed necessary, and
the same to change and alter at pleasure
! Article 1.-THE domiciie of said corpora
tion shall be IN the city of New Orleans,
| State OF louisiana, and all citations and
| other legal process shall be served upon the
| president Of said corporation, and, in case
of his absence, upon the vice president, and,
| IN case Of the absence of both OF these ofi-
| GERS, upon the secretary Thereon.
Article llI.-The objects and purposes for
which this corporation IS established, and
| the nature OF the business TO be carried on
| mobile and electrical supplies and Access
| series Of all kinds, and to those ends to
| purchase, use, lease, mortgage, or otherwise
| acquire movable or immovable property, and
| generally to do all acts and to enter into all
/ contracts that may be necessary, convenient
| or appropriate in the accomplishment Of the
aforesaid, purposes Of buying and selling
automobile and electrical accessories, and TO
! do such other kindred acts, or engage in such
| businesses as are necessary, requisite, or
usually operated in connection with the buy
|
| accessories.
Article IV.-The capital stock Of this cor.
| poration shall be $500, divided into twenty
five shares of the par value of 500 each,
payable when issued. in cash, other prop
| erty, and may be increased to the Of
$4,000, divided into a thousand shares Of
| the par value of $1,000 per share, and this
| corporation IS TO be going concern when
one-half of the capital stock has been sub
! scribed and paid for. Each share of stock
| shall be entitled 10 one vote at all general
elections.
Article V.-No s;ockholder shall ever be
liable or responsible for the Indebtedness,
faults, or defaults of this corporation, nor
| shall any mere intormality in the organization
the charter null of exposing the stock.
holders TO any liability beyond the unpaid
balance, if any, on his stock subscription.
| Should any stakeholder desire TO sell his
stock he shall first offer the same TO the
| stockholders of the company through its
board OF directors, and the stockholders who
desire to purchase shall have the right to
purchase the same, IN the proportion TO their
holdings of stock in the company. Should
| said stockholders in seventy-two hours after
notice having been given, in writing, fail
or refuse to purchase the stock offered for
sale, such stock may be sold to anyone.
| No transfer OF stock shall bemade or held
to be valid and binding unless made on the
books of the company, and unless made in
pursuance OF the provisions of this charter.
Article VI-This corpo, alton shall have all
powers granted to such corporations by law,
and shall have the power TO contract, sue
and be sued in its corporate name. and to
| own, hold, receive, loan, lease, purchase, sell
and convey or mortgage any and all of Its
effects, or to hypothecate its property, and 10
| do any and all acts ana things OF any other
| kind, nature or descriptions, may be nee
essary TO carry out the objects and purposes
| of said business as its interests and con-
veniences may require.
Article NlI.-The business of said cor
poration shall be directed by and vested in
board Of directors of three stockholders,
two of whom shall constitute quorum for
the transaction of business, and the said
directors as first constituted shall be Fer
nand X Levy, Ferdinand B. Stern and
Samuel Hellman, and they shall hold office
until the second Monday in August, 1917 and
on that day and from each an devery day
thereafter elections shall be held annually
for directors at the principal office Of the
corporation. Failure to hold election on
the day specified shall not dissolve the cor
poration, but the directors in office shall hold
| be held after ten days notice of the time and
place thereof given to each stockhoIder. The
| annual election shall beheld on the second
| Monday in August, 1917, and thereafter on
the second Monday of each succeeding year,
and the election shall be held between the
hours of ten a m: and four p. m. All vacan-
cies on the board of directors for whatever
cause shall be filled by the remaining direc-
tors. Fernand X. Levy shall be the first pres
ident, Ferdinand Il. Stern shall be the first
vice president, and Samuel Hellman shall be
the nrSt anu luSy Sndll
hold office until the second Monday in August,
1917, and each succeeding board of directors
shall elect its principal officers for the term
of their election, and only stockholders shall
be eligible for election as a member of the
board Of directors.
Article VIII.-Whenevcr this corporation
is dissolved, either by limitation, or for any
other cause, its affairs shall be liquidated by
the obard Of directors, who are hereby vested
with full power to sell any and all assets
of the corporation, either separately or in
mass, and to convey full and complete title
thereto, and shall have full power TO do and
perform all acts necessary and proper to fully
and completely liquidate the affairs and dis
tribute the proceeds, if any, among the stock
holders of thesaid corporation to the amount
of stock held by each.
| Article IX.-This act of Incorporation may
be amended, altered or modiied, or this cor
poration dissolved by a vote OF three-fourths
Of the shares of the total amount of stock
at meeting convened for that purpose after
ten days notice in writing mailed to the
address Of each stakeholder.
| Thus done and passed in my notarial office
in the city of New Orleans, State of Louisi.
ana, on the day, month anu year first above
written, in the presence of Azelie Bennett
and c. J. Vendage, competent witnesses
who have hereunto signed these presents
together with theparties hereto, and me
notary, after a reading of the whole.
Original signed: Fernand K. Levy, ter
shares, solo PrytaniaSt.. New Orleans, La.
Ferdinand b. Stern, ten shares, 1904 Milan