The herald., 1916-10-19
CHARTER
OF TIE INTERSTATE AUTO SUPPLY
COMPANY INC

oct II 10 70 nov = 10
CHARTER
OF TIE INTERSTATE AUTO SUPPLY |
COMPANY, INC.
United States of America, State of Louisi- |
ana, Parish of Orleans, City of New Or |
leans.
Be it known, that on this thirty first day |
of the month of August, in the year OF our |
teen, and Of the independence OF the United
States of America, the one hundred and
forty-tirst, before me, Arthur A. Moreno, |
notary public in and for the Parish OF VI,
leans, State of Louisiana, duly COMM ssioned
and qualified, and in the presence of the wit |
nesSes hereinafter named and undersigned, |
personally came and appeared the following
persons whose names are hereunto sub |
scribed. together with the amounts of their
respective subscriptions to thecapltal 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 obligate themselves,
as well such other persons as may be
hereafter become associated with them or
their successors, to form and Constitute them
selves into corporation and body poIuS
i'll law, and for the objects and purposes ana
under agreements and stipulatlons following,
towit:
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
have and enjoy succession Tor the iuil term E
of ninety-nine years from the date hereol
to contract, and be sued; 10 make ana
use a corporate seal; to purchase and re,
ceive lease, hold, sell and convey, as well
as mortgage and hypothecate, property, real,
personal and mixed; to name anu apPoint
such officers and agents as the interest OF
said corporation may require; and 10 make
and establish such bylaws and regulations
for the proper management and regulation o
h. cd
the same to change and alter at pleasure.
Article 1.-THE domiciie of said corpora
| ton shall be in the city OF New orleans;
State of Louisiana, and all citations a ,ho
| president of said corporation, and, IN case
| of his absence, upon the vice,presldent, ane,
/ in case of the absence OF both OF these ON
GERS upon the secretary tnereof.
| Article III.-The objects and purposes for
| which this corporation is established, and
| the nature of the business to be carried on
by it are to buy and sell, or consign auto
| mobile and electrical supplies and acces-
series of all kinds, and to those ends 10
purchase, use, lease, mortgage, or otherwlse
| acquire movable or immovaOle property, ana
| generally TO do all acts and TO enter INTO all
| contracts that may be necessary, convenient
I or appropriate in the accomplishment OF ihe
| aforesaid purposes OF buying ana sei,i.s
| automobile and electrical accessories, ana 70 70
| do such other kindred acts, or engage IN such
| businesses as are necessary, requisite, OF
| usually operated in connection with the Ouy,,
| ing and selling OF automobile and eiectriesi
| accessories.
Article IV.-The capital stock of this cor
| poration shall be s., 500, divided into twenty
1--WE shares of the par value OF SlOo eacn'
payable when issued, in cash, or 1ther prop;
| erty, and may be increased to the sum OF
10000, divided into thousand shares OF
the par value of $1,000 per share, and tins
corporation is to be going conce n when
half of the capital STOCK mas Oe 80 SUI
| shall he entitled to one vote at all general
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 organlzauon
of the corporation have any effect OF rende1lhs
the charter null or OF exposing IN, tne ,, S,n
balance. If any, on his stock subscription.
Should any stockholder desire to sell ms
stock he shall first offer the same 10 tne
hoard Of directors, and the stockholders who
desire to purchase shall have the right &c
purchase the same, in the proportion 10 tneli
holdings of stock in the company. ohv sn,
said stockholders in seventy-two hours sttei
notice having been given, IN wiring, isl
or refuse to purchase the stock ohered iol
| sale such stock may be sold to anyone;
| No transfer of stock shall bemade or helC
70 he valid and binding unless made on tn'
hooks of the company, and unless maze II
pursuance of the provisions OF tnls ehai' 81
Article VI.-This corporation snaII nave ID
|
, and shall have the power to contract, SUI
r and be sued in its corporate name, anu
own. hold, receive, loan, lease, purchase, SCI
and convey or mortgage any ana al Oh ~ =
| elects or 10 hypothecate its property, ana
40 any and ali acts and things OF any otne
. Lind. nature or descriptions, as may DC nee
sssayv TO carry out the objects and purpose
of said business as Its interests anu
, VeAa r,irIe VIILThe business of said cor
5 ,oration shall be directed by and vested II
board of directors OF three stockn e.
; two of whom shall constitute a quorum &c lG
r the transaction of business, and the ssi
I d;e.otn-s as first constituted shall be FER
uand K Levy, Ferdinand b.; stern an
Samuel Hellman' and tney S sS iSl7, an
On that day and from each an devery "a
tbereafter elections shall be held annual
{ for directors at the principal ohice OF N
NE dsv specified shall not dissolve the COZ
' norat;on. but the directors in office shall sol
|, their respective office until an eieetlon sna
be held after ten days notice OF the time az,
: Pnn,,,i ELECTION shall beheld on the secon
S Monday in August, 1917 and thereafter 0
r the second Monday of each succeeding yea
It and the election shall be held between -
les ON the board of directors for whatev'
# cause shall be filed by the remaining dire
g tors. Fernand K. Levy shall be me hrst PFC
i ident, Ferdinand b. stern sharL De s sba,i
1
If The first secretary-treasure,, and they sna
IT hold Office until the second Monday IN Angus
r. IoIz. and each succeeding board OF direeto
+ sbaiI elect its principal officers for the ter
8 of their election, and only stockholders sn "a
IF he eligible for election as a member OF u
e board of directors: -. ..;.
a Article VIII.-Whenever. this corporate
it lie dissolved, either by limitation, or for ar
n Other cause, its affairs shall be liquidated
d the obard Of directors, who are hereby vest'
D. with full power to sell any and all asse
.. Of the corporation, either separately, or IN
ID mass, and to convey full and complete III
rs thereto. and shall have full power to do al
N oerform all acts necessary and proper to tul
I'd and completely liquidate the affairs and q
" tribute the proceeds, if any, among the stoc
r holders of thesaid corporation to the amou
Z. of stock held by each.
Mt Article IX.-This act Of incorporation nj
be amended, altered or modIned, or this C
re poration dissolved by vote OF three,fourt
,e AZ the shares of the total amount OF sto
e, at a meeting convened for that purpose ait
s. ten DAYS notice in writing mailed to I
a address of each stockholdeT
~ Thus done and passed in my notarial ofti'
y in the city Of New Orleans, State OF Loui
" A. A., vnarfh ann wear frSt aDO