The herald., 1916-09-21

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ana De sued 10 accept and receive mortgages.
pledges, or other hypo'hecations: 70 make ana
use a corporate seal, and the same TO br.,L
anu "IteT a. pleasure; 10 purchase, receive.
! lease nold, or otherwise acquire and convey.
as well as mortgage and hypothecate under
! IL corporate name, property both real and
persona! and mixed: to borrow money and
make and issue bonds and other evidences
OF debt, and 10 secure the same hy mortgage
or other" Ise: to name and appoint such man
ayers and directors, officers and agents as
me interest and convenience OF said corpo-
ramon may require; and 20 make and eStab-
Hsn, As well As alter and amend At pleasure
Such bylaws, rules and regulations for the
management: and regulation OF the affairs Of
! or convenient.
Article 1.-THE domicile OF this corpora
! ton shall be in the city Of New Orleans
and all citations or other, legal process shall
! be served upon the president OF the corpora-
| uon' or IN ms absence, upon the vice.presi-
! Article III.-The objects and purposes for
which this corporation is established, and the
nature OF the business 10 be carried on by it.
/ are declared and specified 10 De: to buy, SELL
/ deal IN. lease, store and repair automobiles
I and motor vehicles of all description, and
| their parts, accessories and supplies therefor
count and as agent for others: 70 operate au-
| tomgblle garages, and to manufacture auto
! mobiles. automobile tops. bodies. and other
automobile parts, supplies, accessories and
appurtenances.
Article N.--The capital stock of this cor.
| poration is hereby liked at ten thousand
| GlO,Oo000) dollars, divided into and repre-
scented by one hundred 600 shares OF the
par value Of one hundred $4,000 dollars
each, which shall be paid for in cash, or may
be issued, AZ not less than par, for property
actually received or services actually rem
dered 10 the corporation. This capital stock
may be increased to the sum of one hundred
thousand dollars (Sl0O,0O0OO. All stock shall
be transferable only upon the books of the
company and IN accordance with its bylaws
and regulations.
tion shall be vested in and exercised by
board composed of not more than FIVE 80 and
not less than three 90 directors, who shall
elect from their number a president. a vice
preSident-treasurer and a secretary. The said
board of directors shall be elected annually
on the second Monday of each year, the first
election to be held in the year 1917. All such
elections shall be by ballot, at the Office Of
the corporation. Notice of annual meetings,
as well as of special meetings of stockhold-
ers, shall be given by written notice mailed
meeting, to each stockholder appearing as
such on the books OF the company, at his last
designated address, or az the General De-
livery at New Orleans, If he has not desig-
tied to one vote for each share of stock
standing in his name on the books of the
company said vote 10 be cast in person or
by proxy. and the majority OF votes cast
shall elect. The board of directors shall
have the power to fill all vacancies which
may occur on the board, even though no quo
to be filled. Failure to elect directors on
the day above specified shall not dissolve
the corporation, but the directors then in
office shall remain in office until their sue.
cessors are elected. The directors may elect
such other officers as they deem necessary
or convenient for the carrying on of the COM
pany's business, and shall have power TO
unite two or more Offices and to confer the
g q TO dispense with
any Office in its discretion. The board OF
directors shall also have power to make and
establish, as well as alter and amend, all
bylaws, rules and regulations necessary and
proper for the support and management OF
the affairs and business of the corporation,
and not inconsistent with its charter; pro-
vided, that the salaries of officers shall be
fixed only with the consent and approval of
eighty 5000 per cent OF the stockholders
Two ~ directors shall constitute a quorum
for the transaction ms OF OF business At d; any
tor absent from the meeting may be repre-
scented by any other director, who may cast
the vote of the absent director according to
the written instructions of said absent direc-
tor Until the annual meeting in 1917, the
board of directors shall consist of the follow
ing: John b. Ferguson, whose post-office ad-
Philip E. Baugh. whose post-ofhce address is
l4+4 State street New Orleans, La; and Julian
Herndon, whose post-ofice address IS lA4
State street, New Orleans, La, with Philip
r. Bdugn as pTCSluCHl yOHn 90
vice president treasurer and Julian Herndon
secretary.
Article VI-This act of incorporation may
be modified, changed or amended, or this cor
poration may be, dissolved in the manner m
provided by law, by vote of wothirds Us!
Of the entire outstanding capital stock OF
all classes, present or represented, at a gen !
eral meeting of the stockholders convened tor
such purpose after previous n0s sbove re-.
CURED to be given OF the annual meeting
Of the corporation; The capital stock OF the |
corporation may be increased or decreased
by proceedings IN accordance win inc laws
of the State of Louisiana.
Article VILE this corporation shall be
dissolved either by limitation or from any
other cause, its affairs shall be lquidated by
three 81 commissioners; to be appo'nnted a.
purpose of liquidation, and to be elected by |
the vote of all the stockholders voting upon
parity. Said liquidators shall remain IN
shall have been fully settled and liquidated, |
and they shall have full power and authority |
to transfer and give title to all the properly |
and assets of the corporation ana 70 d dno,b
disability or resignation of one or more
liquidators, the vacancy shall be hlied by
the survivor Survivors.
Article VIII.-No stakeholder shall ever be
held liable or responsible for the eontrac.s
or faults of said corporation in any further
sum than the unpaid balance due on tne
shares Of stock owned by him. nor shall any
mere informality in organization have the
effect of rendering this charter null, or OF
exposing any stakeholder TO any liability /
beyond the amount due on his stock.
One.haif % of the authorized capital stock /
of this corporation is subscribed for at the
time Of the execution of this charter las VIII
appear by the signatures of the subscribers
TO this instrument, serving as the original
subscription list), and one-half ca OF the
amount subscribed for has been paid IN, IN
cash, at the execution hereof.
Thus done and passed. at my Office, in the
city of New Orleans, on the day month ana
wear first above written in the presence OF
Monte M. Lemann and ST. John Perret, COM
petent witnesses, who have hereunto SUBJ
scribed their names together with me, notary,
and said appearers, after due reading OF the
whole.
Original signed: Names of subscribers
omitted.
Witnesses: Monte NJ. Lemann St. John
Ferret.
WATTS K. LEvERIcH. Not Pub.
I, the undersigned recorder Of mortgages
in and for the parish Of Orleans, STATE OF
Louisiana, do hereby certify that the above
and foregoing act of incorporation OF the
New Orleans Motor Company, Inc-,. was this
day duly recorded in my ONCE, in book lui,
folio -. New Orleans, August Il, l9lo
(SisneD EMILE ]. LEONARD, Dy. K
N truc Copy.