The herald., 1916-09-14
CHARTER

OF THE INTERSTATE AUTO SUPPLY
COMPANY, INC.
nltCd States Of America, State Of IouiSi-
leans.
BE ;; known, that on this thrty.tirs, day
81 the month Of August, IN the year IF our
Lord, one thousand nine hundred and six
teen, and Of the independence Of the United
States Of America, the one hundred and
t"rty-ir>i, before me. Arthur \. Moreno,
a notary Puhirc IN and for the Parish Of Or
leans, State 81 Louisiana, duly commissioned
and qualified, and IN the presence Of the wit
ncNseS hereinafter named and undersigned,
personally came and appeared the following
persons whose names are hereunto sub
NcTlhed, together with the amounts Of their
respective subscriptions to ,hecapital stock
OF the corporation to be formed, who sever.
ally declare that, availIug themselves of the
provisions OF the general laws OF the State
OF LOUISIANA relative to the organization of
corp)rauOnS, they have COvenantcd and
agreed, and do by these presents covenant
and agree, and bind and obIisate themselves,
as well as such other persons as may be
hereafter become associated with them or
their successors, to form and Constitute them
selves into corporation and body polite
III Law, and for the objects and purposes and
under agreements and stIpulatious following,
tO-wt:
Article The name and title Of this cor.
Porai.on shall I've the Interstate Auto Supply
Company, Inc, and by that name said cor
pOratlOn shall have power ard authority to
have ard enjoy succession for the full term
OF ninety nine years from the date hereof:
to contract, sue and be sued; to make and
use corporate seal; to purchase and
CeIvc, lease, hold, sell and convey As we'll
as mortgage and hypothecatc, property, real,
personal and mixed; to name and appoint
such 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
fits affairs may be deemed necessary, and
tnc same to change and alter al pleasure.
Article 1.-The domICIie Of said corpora
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 vlce-prcsIdent, and,
IN case Of the absence of both OF these Off.
GERS, upon the secretary trercor.
Article lll.-The objects and purposes for
which this corporation IS established. and
the nature OF the business 10 be carried on
by II are to buy and sell, or COnSlgn 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 Immpvable 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, 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.
$4,000, divided into a thousand shares of
the par value of $1,000 per share, and this
corporation Is to be a going concern when
one-half OF the capital stock has been sub
sCribed 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 responsible for the Indebtedness,
faults, or defaults of this corporation, nor
shall any mere informalty in the organization
of the corporation have any effect of rendering
the charter null or OF exposing the stOcN.
holders TO any liability beyond the unpaid
balance, II any, on his stock subscription.
Should any stockholder 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 10 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 corporation shall have all
powers granted to such corporations by law,
and shall have the power to contract, sue
and be sued in its corporate mare, and to
own, hold, receive, loan, lease, purchase, sell
ard convey mortgage any and all of its
effects, to hypOthecate its property, and to
do any and all acts ana things of any other
kind nature or descriptions, as 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
Z I, q IL t,nl1 aW=
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 Hickman, 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 an election on
the day specified shall not dissolve the cor
poration but the directors in office shall hold
their respective office until an election shall
ne 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 \. Levy shall be the ilrst pres
ident, Ferdinand b. Stern shall be the hrst
ylCe-preSluent, anu odHlllCl ilCii4ldii SAoia ~
the first secretary-treasurer, 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
of their election, and only stockholders shall
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
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 a
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, il 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 mo6fied or this cor
poration dissolved by vote of three-fourths
ef the shares of the total amount of stock
at a 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. ]. Nendage, competent witnesses
who have hereunto signed these presents
together with theparties hereto, and me
notary, after a reading of the whole.
Original signed: Fernand \. Levy, ter
shares, SOLO PrytaniaSt., New Orleans, La.
Ferdinand B. Stern, ten shares, 1904 Mlar
St, New Orleans, La; Samuel Hellman