The herald., 1917-01-25

capital stock have been subscribed and paid
I for
Article Wall the corporate powers OF
/ this corporation shall be vested in, and the
. management and control Of its business and
. affairs conducted by board OF directors
composed OF three s,0ckholders two Of whom
snail constitute quorum; member oil
SAID board 10 own subscribe for less than
one share Of stock. SAID directors shall be
! elected by ballot at a general meeting OF
The STOCKHOLDERS to be held the FIRST
, Tuesday after the second Mondoy in Ian.
uary, 1918; and annually thereafter on that
/ day.
In the meanwhile the following stockhold.
ers shall serve as directors, to-wt:
Clark Hines, Aaron Levy and Adolph Die
Hines as vice-president and Adolph Diefen-
/ thai a. secretary-treasurer. Every stock
holder shall be entitled, in person or by
proxy; 10 one vote for every share of stock
. owned by him. All elections shall be held
under such rules and regulations as may be
/ determined by said board of directors. Ten
days written notice, directed to the last
/ known address Of every stakeholder shall
/ be given Of all elections.
The directors thus elected shall continue
/ III office until the second Monday of Jam
. udry 1918, or until their successors shall
have been elected or qualified; any failure
! TO elect officers or directors shall not he
| considered as a forfeiture OF this charter.
/ Any vacancy occurring IN the board of di-
/ rcCtors shall be Illed by the remaining di-
rect3rs for the unexpired term. A majority
/ 81 the directors At a meeting shall constI-
/ tute quorum for the transaction of any
/ business.
Said board of directors is especially vested
with the power and authority TO mortgage
! or pledge the property, real, personal and
mixed, OF the corporation they may deem
/ mt and proper; to purchase, hold, own, mort
gage, r'edge, lease and dispose of real es-
! tate, improved and unimprOved, city and
]
| bonds and other evidences OF debt, and to
/ borrow and lend money same to and from
! individuals, firms and corporations, at such
! times, for such prices and upon such terms
! and conditions, as they may deem advisable.
Said board of directors shall make all the
| rules regulations and bylaws for the gov
| eminent, control and management OF the
! business and affairs OF the corporation, and
alter, amend and change the same at pleas
| ure.
The following stockholders are hereby de.
clared to be the first board of directors of
| this corporation, all OF whom shall hold Of
hce until the second Monday OF January,
| 1918 until their success orS shall have
| been elected and qualihed Clark Hines,
4Ol2 Orleans ST., Aaron Levy, E0+ Robert
street and Adolph Diefenthal, l702 Robert
street, with Aaron Levy as sesident, Clark
Hines as vice-president and Adolph Diefen-
| thai as secretary-treasurer.
Article VII.-No stakeholder shall ever be
| held liable or responsible for the contracts
sum than the unpaid balance due on the
! shares OF stock owned by him nor shall any
| mere informalty in organization have the
effect OF rendering this charter, null or ex:
posing aetockholder to any liability beyond
| the amount OF his unpaid stock, nor shall
| any infOrmality or irregularity in organiza-
ton ever have the effect of rendering any
| stakeholder liable a partner
Article VIII.-This act of incorporation
| shall be changed, modified or altered OF
this corporation shall be dissolved with the
assent of two-thirds (2-j0 of the stock OF
| the corporation, present or represented at a
general meeting called for that purpose, after
prior notice in writing to each stakeholder
or mahed to him at his last known post Of
hce address, in accordance with the terms
| OF act 267 OF 1914
At the expiration of this charter or the
| earlier dissolution OF this corporation for
| any cause, its affairs shall be lqudated
| by one or more Hquidators TO be elected by
the stockholders, all of whom shall hold
| stock m said company and the said commits.
| siOners are hereby vested with full power
and authority to liquidate the affairs of said
| company in accordance with the terms OF
section go of Act 267 of 1914.
Article IN.-The appearers hereby declare
that they have subscribed to the number
natures thereto shall constitute their orig
| corporation in the proportion set opposite
| their names.
Thus done and passed. in my notaral Office
in the city of New Orleans, on the day
month and year herein first written and in
the presence of Herbert w. KAISER and
| Martin II. Manon, competent witnesses, who
hereunto subscribe their names, with the
said appearers and me, notary, after due
| reading of the whole.
Signed: Aron Levy, 20 shares; Clark
Hines, IS shares; Addlph Diefenthal,
| shares.
Witnesses: H. w. Kaiser, NJ. II. Manion
MEYER S. DREIFUS, Notary Public
/, the undersigned recorder of mortgages
for the parish of Orleans and City of New
Orleans, do hereby certify thas. the above
and foregoing act of incorporation of the
Motor Parts Company, Incorporated, was thi:
day duly recorded in my office, in book 1901
| folio -.
New Orleans, December 80, 1916.
(Signed) EMILE ]. LEONARD, by. r.
A true copy from the original act.
MEYER S. DREIFUS, Notary Public.
] hereby certify that the above and fore
going is true and correct copy of the orig
inal of record and on file in my notari&
office.
MEYER S. DREIFUS, Notary Public
| Jan - Is Is feb