The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-02
1908 Americans Buy Liberty Bonds
Have You Bought Yours?

gasoline and other propellants oils greas
ana all things used in or on automobiles
; to operate and conduct garages; to rent
store, maintain and operate machines
either Tor themselves or for others; tC
operate and conduct vulcanizing and 9th
er tire and tube repair and manufactur-
ing stations, and generally to buy and
sell, make or manufacture each and CIV.
cry article and thing used in connection
with any of the above purposes above ex-
pressed, and to do each and every act and
thing necessary or incidental to the same
Article lv.-The capital stock of this
corporation is hereby fixed at Twenty
Thousand Dollars ($20.OOO.OO), divided in
10 and represented by two hundred shares
of one hundred dollars each, which shall
be paid for in cash at the moment of sub
scriptiOn thereof.
All transfers of stock shall only be valid
When made on the cOmpany's books and
All certificates of stock, to be valid. 3 shall
be signed by the President Tor Vice Pres
ident) and the Secretary.
The, capital stock of this corporation
may De increased to not more than one
hundred thousand dollars.
All stock shall be full paid, cumulative,
and not assessable.
Article V.-All corporate powers of this
corporation shall be vested in and exer-
cised by Board of not less than three
ana not more than seven directors, a ma
yorlty OF whom at any meeting shall con-
stltute quorum.
All vacancies in the Board shall be filed
by the remaining directors present at the
meeting at which the vacancy is officially
not1hed to said Board, irrespective of the
ent. F
The directors shall be elected annually
on the first legal Monday in May; the
nrst election under this charter to be in
the year 1919.
The elections to be annually held shall
be under such regulations and in the
manner that may be prescribed by the
Board OF Directors, except that each
stakeholder shall be entitled to cast one
vote for each share of stock standing in
MS name on the books of the company,
either IN person, by proxy or by letter as
prescribed by law.
Notice OF all elections shall be given by
the Secretary to each stakeholder in writ
ing, at least ten days prior to such meet
ing, by addressing a letter to him and
eltner delivering same personally or de-
posting same in the post office addressed
to such stockholders last known address
or place of business; such notice NAV he
waived and the meetings held at any time
with the written assent of all stockhold-
Immediately after their election said
Board shall elect from their number a
PRESIDENT, Vice-President, Secretary
and Treasurer, or they may combine the
office -"'' 'ne
Such Board Of Directors shall fix the
powers and authority of each of said Of
er. pA"P
Said Board shall have. for and on be-
half OF said corporation, full power to
buy and otherwise acquire, and 10 sell
and otherwise ALLEVIATE, all kinds of prom
erty, real, personal and mixed, and to DEL
egate this power to such Of the OFFICERS or
employees as they shall desire; it shall bor-
row money and issue its evidences of
debt, either secured by mortgage or hy-
pothecation on its real, personal or mixed
property, and shall designate the ofFjcars
or agents to perform such functions: II
shall NIX the compensation of all officers.
agents and employees and prescribe their
duties and limitations of authority, and
with this corporation shall take cogni,
zance Of the limited authority vested in
each individual employee and officer: IL
snail make all rules and bylaws for the
do and perform, for said corporation, each