The herald., 1916-10-05
CHAR
He INTERSTATE AUTO SUPPLY

|
| BE 1t known, that on this thirty.frst day
OF the month Of August, in the year Of our
Lord one thousand nine hundred and six.
| Jeen, and OF the independence Of the United
states OF America, the one hundred and
| iorty-hrSt, before me, Arthur A. Moreno,
a notary public in and for the Parish of Or
| leans, State of Louisiana, duly Commissioned
and qualified, and in the presence of the wit
heSSes hereinafter named and undersigned,
| personally came and appeared the following
persons whose names are hereunto sub
scrlbed, together with the amounts Of their
| respective subscriptions to thccapitai stock
OF the corporation to be formed, who sever
ally declare that, avaIling themselves of the
PROVISIONS OF the general laws OF the State
OF LOUISIANA relative to the organization of
corporations, they have covenanted and
agreed, and do by these presents covenant
and agree, and bind and o6ligate themselves,
| hereafter become associated with them or
their successors, TO form and Constitute them
selves into corporation and body polite
III law, and Tor the objects and purposes and
to-wit:
Article 1.-The name and title of this cor.
poratIon shall be the Interstate Auto Supply
company, Inc, and by that name said cor
poration shall have power and authority to
nave and ENJOY succession for the full term
OF nirety-nIne years from the date hereof ::
to contract, sue and be sued; TO make and
use a corporate seal; TO purchase and re-
.
as mortgage and hypothecate, property, real
personal and mixed; to name and appoint
sucn officers and agents as the interest OF
SAID corporation may require: and to make
and establish such bylaws and regulations
Tor the proper management and regulation o
TITS affairs as may be deemed necessary, and
the same 10 change and alter at pleasure
Article 1.-The domiciie of said corporS-
ton 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 yice-president, and
IN case Not the absence Of both OF these offi.
GERS, upon the secretary tnereoT.
Article III.-The objects and purposes for
which this corporation is established. and
the nature OF the business to be carried on
by Il are to buy and sell, or consign auto
mobile and electrical supplies and Access
sores OF all kinds, and to those ends to
purchase, use, lease, mortgage, or otherwise
acquire movable or immovable property, and
generally 10 do all acts and TO enter into all
contracts that may be necessary, convenient
or appropriate IN the accompl Shment OF the
aforesaid purposes OF buying and selling
automobile and electrical aeces series, and TO
do such other kindred acts, or engage in such
businesses as are necessary, requisite, or
usually operated in connection with the buy
ing and selling OF automobile and electrical
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, or other prop.
erty, and may be increased to the sum of
SlU,UO divided into a thousand shares of
the par value of $1,000 per share, and this
corporation Is to he a going concern when
one-half Of the capital stock has been sub
scrlbed and paid for. Each share of stock
shall be entitled to one vote at all general
elections.
Article V.-No stakeholder shall ever be
liable or responsible for the Indebtedness,
faults, or defaults of this corporation, nor
shall any mere informality in the organization
OF the corporation have any effect of rendering
the charter null or 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 NI.-This corpc, 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
do any and all acts and things of any other
kind, nature descriptions, as may be nee
essary TO carry out the objects and purposes
of said business as its interests and con-
Article VII.-The business of said cor
poraton shall be directed by and vested in
a board of directors of three stockholders,
two OF whom shall constitute a 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
the day specified shall not dissolve the cor
poration, but the directors in office shall hold
their respective office until election shall !
be held after ten days notice of the time and
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 |
dent, Ferdinand b. Stern shall be the first |
vice president, and Samuel Hellman shall be |
the first secretary -treasure,, and they shall |
hold office until the second Monday in August, |
1917, and each succeeding board of directors |
shall elect its principal officers for the term |
be eligible for election as a member of the |
board of directors.
Article VIII-Whenever this corporation |
IS dissolved, either by limitation, or for any |
1ther cause, its affairs shall be liqudated by |
he obard of directors, who are hereby vested |
with full power to sell any and all assets |
If the corporation, either separately or in
mass, and TO convey full and complete title |
hereto, and shall have full power to do and |
perform all acts necessary and proper to fully |
md completely liquidate the affairs and dis
ribute the proceeds, If any, among the stock
holders of thesaid corporation to the amount |
IF stock held by each.
Article IX.-This act of Incorporation may |
De amended, altered modIned, or this cor
,oration dissolved by vote of three-fourths
If the shares of the total amount of stock |
II meeting convened for that purpose after
en- days notice in writing mailed to the
address of each stakeholder.
Thus done and passed in my notarial office,
n the city of New Orleans, State of Louisi-
ina, on the day, month anu year first above
written, in the presence of Azelie Bennett
md c. J. Vendage, competent witnesses,
Who have hereunto signed these presents,
ogether with theparties hereto, and me,
rotary, after reading of the whole.
Original signed: Fernand n Levy, ten
hares, 30l6 PrytaniaSt., New Orleans, La.
ferdinand B.. Stern, ten shares, 1904 Milan
It., New Orleans, La; Samuel Hellman,
hree shares. 1870 Canal ST., New Orleans,