The herald. [volume] (New Orleans, La.) 1905-1953, 1918-09-19
CHARTER.

carry on the business of liverymen, includ-
ing the hiring of horses and keeping OF
horses, horse drawn vehicles and automobiles
to conduct a public garage for the sale, repair,
and hiring of automobiles and other We.
hices to buy and sell horses, mules, car
riages, wagons and other vehicles and auto
mobiles as well as merchandise of every and
any description that may be necessary, con-
venient or incidental TO the conduct OF the
business 10 be engaged in by II, and gener-
ally to do every character of business not
otherwise prohibited by the laws OF this
ARTICLE Iv.-The capital stock of this
corporation is hereby fixed at the sum OF
Five Thousand (S5.O00OO Dollars, divided
of the par value of One Hundred $4,000
Dollars per share, which shall be payable
in cash. may be issued in payment of
property purchased by, for services rem
dered to, the corporation.
The capital stock of this corporation may
be increased to Twenty five Thousand (S25,-
10000 Dollars by vote of three -fourths of
the outstanding stock, at a meeting OF the
stockholders called for that purpose, in the
same manner provided for the election Of
directors, and after giving Q5) fifteen days
notice prior to said meeting. No transfer
of stock of this corporation shall be valid
or binding on this corporation until such
transfer is recorded on the books Of the
company; nor shall any transfer be recog-
nized until the stock so sought TO be sold
or transferred has first been offered in writ
ing to the members OF the Board OF Directors
Of the Company, atits then book value, and
the said members of the Board OF Directors
given the refusal thereof for five (0 days.
ARTICLE V.-All the corporate powers of
this corporation shall be vested in, and ex-
ercised by. "a board of not less than three
CD nor more than five (5) directors, each of
whom shall be a stockholder of this corpora
ton, two Of whom shall constitute quorum
for the transaction of all business, and a
majority vote at all meetings shall decide
all questions voted upon. Said directors
shall be elected annually from among the
stockholders, on the first Monday of August
of each year. beginning in August 1919; the
first Board of Directors and officers there
Of shall be Henry Tharp, President, Edwin
f. Norman, Vice President, Alfred Tharp
Secretary Treasurer; and the said officers and
directors shall hold office until the first
Monday in August, 1919, or until their sue
cessors shall have been duly elected and
qualified. All meetings for the election OF
directors shall be held only after ten days
written notice thereof shall be given, mailed
to each stakeholder at his last known place
of residence, and at all such meetings eacf
share of stock outstanding shall be entitled
10 one vote, and a majority of such vote.
cast shall elect; and which vote must be cas-
either in person by duly authorized proxy
Any vacancy occurring in the Board of Di
rectors may be filled by the remaining di
rectors for the unexpired term. At the frs
/ meeting Of the Board of Directors, after thei
election, beginning in August, 1919 they
shall elect from among their number a Presi
dent, Vice-President and Secretary-Treas
urer.