The herald. [volume] (New Orleans, La.) 1905-1953, 1916-10-12
CHARTER

OF THE INTERSTATE AUTO SUPPLY
COMPANY, INC.
United States Of America, State of Louisi-
ana. Parish OF Orleans, City Of New Or
leans.
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
teen. and of the Independence OF the United
States OF America, the one hundred and
torty-hrSt before me, Arthur \. 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
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 thecapital stock
Of the corporation 10 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,
well such other persons as may be
hereafter become associated with them or
their successors, 10 form and Constitute them
selves into corporation and body polite
III law, and for the objects and purposes and
under agreements and stipulationS following,
to-wt:
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 for the tull term
OF ninety-nIne years from the date hereof ;
20 contract, and be sued; to make and
use corporate seal; 10 purchase and re
Ceive, lease, hold, sell and convey, well
mortgage and hyPothecate, 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
for the proper management and regulation o
fits affairs as may be deemed necessary, and
the same TO change and alter at pleasure.
Article 1.-The domiciie Of said cOrpor:-
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 vice-president, and,
| in case of the absence OF both OF these Off
GERS, upon the secretary thereof.
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 acccS.
series OF all kinds, and TO those ends to
purchase, use, lease, mortgage, or otherwise
! acquire movable immOvable property, and
| generally to do all acts and to enter into al
! contracts that may be necessary, convenient
| or appropriate in the accomplishment OF the
| aforesaid purposes OF buying and selling
| automobile and electrical accessories, and Il
do such other kindred acts, or engage in sucf
| businesses as are necessary, requisite, OF
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 SlOO each
payable when issued, in cash, or other prop
erty, and may be increased to the sum o
$4,000, divided into a thousand shares o
the par value of $1,000 per share, and thi
corporation IS to be a gong concern s wn ,,t,
scribed and paid for. Each share OF stool
shall be entitled to one vote at all genera
elections.
Article V.-No stakeholder shall ever b
liable or responsible for the Indebtedness
faults, or defaults Of this corporation, no
shall any mere informality in the organization
of the corporation have any effect OF renderin
the charter null or of exposing the stocS
holders to any liability beyond the unpai
balance if any, on his stock subscription.
Should any stakeholder desire to sell hi
stock he shall first offer the same to tn
! stockholders of the company through II
board Of directors, and the stockholders VIII
desire to purchase shall have the right {
purchase the same, in the proportion to thel
: holdings of stock in the company. Shout
{ said stockholders in seventy.two hours afte
notice having been given, in writing, ia
: or refuse to purchase the stock offered &c
sale, such stock may be sold to anyone:
: No transfer of stock shall bemade or hel
to be valid and binding unless made on tn
: books of the company, and unless made
: pursuance of the provisions OF this charte
Article VI.-This corporation shall have, a
and shall have the power to contract, 81
and be sued in its corporate name. and
own, hold, receive, loan, lease, purchase, Sc
and convey or mortgage any and all OF i
Y effects, or to hypothecate its property, and
do any and all acts and things OF any oth'
kind, nature descriptions, as may be ne
: essary TO carry out the objects and purpose
s of said business as Its interests ana Col
n Article VIi.-The business Of said co
8 poration shall be directed by and vested
4 board of directors of three stakeholder
two of whom shall constitute quorum I,
v the transaction of business. and the sa
e directors as first constituted shall be Fe
: nand X. Levy, Ferdinand B. Stern ar
I Samuel Hellman,, and they shall hold Ia, Off,
i on that day and from each an devery ia
4 thereafter elections shall be held annual
1 for directors at the principal office OF u
/. corporation. Failure to hold an election
poration, but the directors in office shall no
d their respective office until an election sha
y be held after ten days notice of the time az
place thereof given to sssn ss0SEh tb :.cn,
z Monday in August, 1917, and thereafter
e the second Monday of each succeeding yea
d and the election shall be held between t
hours of ten a. m. and four p. m. All vaca
: cies on the board of directors for whatev
II cause shall be filled by the remaining dire
It tors. Fernand X. Levy shall be the trst pre-
l. ident, Ferdinand b. Stern shall be the M
j. vlce-preSluent, anu Sdniuci iSi'on SHo.t
II the first secretary-treasure,, and they sn'
hold Office until the second Monday in Augu
n 1917, and each succeeding board of directo
IS shall elect its principal officers Tor tne tei
j of their election, and only stockholders shi
be eligible for election as member OF t
l. board of directors.
r Article VIII-Whenever this corporate
{. is dissolved, either by Limitation. or for a
n other cause. its affairs shall be liquidated
'. the obard of directors, who are hereby vest
II with full power to sell any and all ass'
~ Of the corporation, either separately or IN
4 mass and TO convey full and complete II
m thereto, and shall have full power to do a
q. perform all acts necessary and proper to ful
o. and completely liquidate the affairs and d
tribute the proceeds, if any, among the stoC
err holders of thessid corporation to the anou
IS of stock held by each.
a. Article IX-This act Of Incorporation m
r. be amended, altered or modIned, or this C
" poration dissolved by a vote OF three FOUR
" Of the shares of the total amount of ste
~ al a meeting convened for that purpose at
,e ten DAYS notice in writing mailed to
T. address of each stakeholder.
v. Thus done and passed in my notarial Off
or in the city of New Orleans, State of Loui
4. ana, on the day, month anu year first abb
written, in the presence of Azelie Benn
k and c. ]. Vendage, competent witness
er who have hereunto signed these preser
IL together with theparties hereto, and I
c. notary, after a reading of the whole.
st Original signed: Fernand K. Levy, I
to shares, SOLO PrytaniaSt., New Orleans,
IS Ferdinand B. Stern, ten shares, 1904 Mi
n, ST., New Orleans, La; Samuel Helm