The herald., 1916-02-03
CHARTER
OF NEW ORLEANS AUTOMOBILE COM.
PANY, INCORPORATED.
United States Of America State Of Louisiana
Parish OF Orleans.


! Francis T. Burns, a notary ulIg.l- IN and H.,
the parish uf Orleans STAT, ~ I1r;si.na
duly commissioned ard qualified and m the
presence OF the uuder,l gued Witnesses, per
/ surally cam, and Appeared The. several ne
d, sons whose names are hereinafter subscribed
Vol the full axe OF majority. who declared Z.
. me that awaiting themselves Of ~. l8,y, Cd.
, tins state re-. .tryr t. the organization 81
corporations, and more especially o.; Nrr ~
. ui tine Ac.~ ~ lyl4 PAGE sII OF the Icgr,la-
. tive acts II tins state they have ,aver.r,,ti
! and agreed and Pos these presents 10 cove.
raut and agree for themselves aud th,ir sue
! ,,,Srr- and a---.r- :. form themselves r...1
/ Cd corporation and body polite t,r the objects
ard purposes and urdrr The s.iru,a,,.n, lrrc.
| matter set forth, tu..,lt.
| Ar..lc The name and title 4 Tins eng
! Iarattrg shall be ErN Orleans NvtunI.f,-l,
: O uwpIly. Incorporated, aud -adrr sue. title
I o. sinai. have and enjoy Succession ilr "a pg.
/ nod ut ulrrty.u.Ir wear, from dan. h-,,ut
I aud shall have power ard authority 60 COM
4 tract, SIZE and De sued, make and Use e. corr
( lurItc seal. the -au.r 10 break and alter ~
. pleasure, Z, hold. sell. lease, -lrtgage. Dis.
/ puthyc4tc ur pledge property. zeal. persona.
o~ mixed necessary. lur.dcnr.. u. proper If
/ the carrying uu Of u, business: g., ruy and
| % hold stock 81 ans other company OF COM
! pau;cs that may assist TIN, company IN ITS
object, and purposes: {. make and issue note.
| and certificates Of Indebtedness: 90 name.
/ elect and appoint managers, director, and
clerks nr other employees 20 properly conduct
7
/ laws. rules and regulations as may he found
necessary ar desirable for The management
( and business affairs oi this corporation, and
! generally % do every other act, matter or
/ thing necessary for the complete and proper
| carrying out II sand business.
| Article 1.-THE d,mIcIc Of tins corpora
! ton shall be IN the city Of New Orleans.
! Parish Of Orleans. State uf Louisiana. where
! all citation and other legal process shall be
served upon the president, or IN the absence
1 Of the president upon the SiCc-PTcsldcut. OF
/ Iu the absence Of both upon the secretary.
Article lIl-Ihc objects and purposes OF
/ tins corporation are hereby declared and
! stated 20 he
! T. buy. sell repair and generally deal in
automobiles, other mp,or-drlveu vehicles. bI-
cycles and automobile and bicycle supplies
and all other business incidental - the re
tail and Wholesale automobile and bicycle
business. 10 buy. sell, pledge and otherwise
. dispose II and deal IN stocks, bonds, notes,
. securities, mortgages and commercial paper
Of individual, or corporations; 10 promote and
assist financially any person, hrm or cor
puratipu engaged m the business Of selling
/ automobiles and other motor driven vehicles
at retail wholesale, to accept in pledge
automobiles or other motor driven vehicles
Tor any motley lent ON the security thereof
and 90 keep and store said automobiles and
other motor driven vehicles pending their re-
drmp,ion. And generally to do any and all
other acts and exercise any and all other
powers necessary or proper TO attain and fur
Their any OF the foregoing object, and pur-
poses.
Article IN.-Thc capital stock OF this cor
poTatIou Is hereby hxed al the sum OF twenty
thousand iS1D,OOOpOl dollars, divided into two
hundred 600 shares OF the par value Of one
hundred $4,000 dollars each, provided that
the amount 10 which the capital stock OF this
corporation may be increased shall be one
hundred thousand (SluOODOO) dollars.
Fifty per cent Of the capital stock Of hits
corporation must be subscribed for before the
filing Of the articles of Incorporation. The
subscribed capital stock OF this corporation
shall be payable in cash, property, real o.
personal, or Tor services performed or rem
dered.
No stakeholder shall ever be held liable
or responsible Tor the faults. contracts or
debts OF this corporation in any further sum
than the unpaid balance due the corporation
on the shares Of stock subscribed for by him.
nor shall any mere Iuformality IN the organ
zation have the effect Of rendering this
charter null or OF exposing any shareholder
10 any liability whatsoever.
This corporation shall not engage in bust
ness until ten thousand tSlO,cCO) dollars
OF the capital stock shall have been issued
ana aCtudlIy iald IN elther IN cash, property
or services as aforesaid IL any OF the stock
Of this corporation Is exchanged, IN whole or
III part; Tor property or good Will, IN that
event the provisions OF section three 90 OF
ACT 1o| OF l9l4 snail be strictly complied with,
Article N.-Aii the corporate powers OF TINS
, ~ oe nesteu IN anu S,i
S;ocLboIdaTs s,rb % -, lban o W. i0u, ~
49,, - j'-1nr r. 80 g a. 80 ~.
ore f,,If.n,iJ - ,,,,nrsdgad eb,ra ~ -. 80
i,aI - nb?rb Iii rs sbon,- h., ~ ,,,riP
Ten decIa,,tion tSY" C2p 81 ubo,, shall con.
stitute a quorum for the transaction of bust.
ness
The officers of this corporation shall con-
sist of a president yice-president, secretary
and treasurer, all of whom shall be members
Of the board of directors The offices of secre-
tary and treasurer NAV be held if desired
by one and the same person.
The following named persons shall consti-
tute the board of directors of this CORPORA.
ton, to-wit:
Charles F. Hardie Edward B. Ellis, Ed.
ward r. Greerlaw and Emile A. Leonval
with Charles T. Hardie as president, Emile
A. Leonval as vice-president, and Edward X.
Greenlaw as secretary and treasurer, and
these directors and officers shall serve until
until their successors have been duly elected
and qualified
Tbore,f,e- ,bs J;roc,ors shall n. eIec..d
,rrI,,II,, ~, ,bn sero1d Nordav ~ DacarIbs-
~ - 80 Leg;r,;,o y,;,b ,ba go Ioi6.
all elections of directors shall be by ballot
and each stakeholder shall be entitled TO one
vote for each share of stock standing in his
name on the books of the corporation, this
shall require a majority of the stock pres
ent or represented to elect.
Ea;I,,-s % eIect = bo,-d 81 d;-ec+o-s o.,
the second Monday in December. 1910. or
annually thereafter, shall not work a for
fixture of this charter, but the old board Of
directors shall remain in office until their