The herald., 1918-06-06
CHARTERS

II may NAL. - pe prescriha. h
notes and other evidences 'neorse bos. II
accept mortgages. uled,,a Vi debt ~
OF security Tor money VI othe, al
debts. II may contract siUdned Or ri
plead or h' implicated be and b.
name IL any court of con-! It's eo,,'.I
lioh' II ma. make. adont lent hs.S
porate seal and alter III ana Use
ure. 1t may hold stocE g. same
tlOnS, and IL capital stocL other eo,,as
LOT capltW stock in Other may be ~
may name 'rpo.nt and emnIa pOfatO,.
ayers, directors. officers a,oy such
employees rs its said hTs;nts and -
Venlruc" lay require. ana ess and 81
com penSatien, having dino may IL N
nature, character and vain. egafd N
vices. " may make ana OF TIER
laws, rules ana reguIatio,e Stabllsh NJ
SlStent with this rharter gu not ~
law, HIKING or altering the any eristI
It's property, III, Tcgulation nagenas
mcht or ITS affairs. and Tho ana gO,1
certlllcdtiOn aud registrationm name, n n
1t may wind up and disSoIvo 81 It's ri
wound NJ anu dissolved in nset y
prescribed by law. 1t NAV o the n,sI
ness III this state, other Ststs sOlGua
l,lsl rlcls, ~" Territories ana Ne fSs
OF the United States, and posseSS
country. II generally shan SGy tVS
the powers rights. privileges , poses
illea Hl'h corporations Arc nes
hereafter De authorized to nos.I shd
lhe constitution and laws ~ ~ u
anu partituiarIy under Act No ~. u
AUS Oh tht &c neral Assembly a, aaa|
VI , II'ouiS . for the year lSi..u y
s ~ ~, haNt u power to invest 4. y
OIL directors Win all of its corno ny Se
erS' SuDJecl TO such restriction ~
be named in the charter q n
Article 1.-THE domiciIo n,
alton shall be in the CITY az N os eepe
State of Louisiana, and al, New 0fes
other legal process shall ha sauoN
the President, or, in the evers ssiist a
sence, upon the Vice President VI ~ i
event OF the absence of both " !
hcers, upon the Secretary Tra.vaa ~
Article lll.-The objects aansut9.
for which this corporation jS p07s
and the nature Of the business ,Ofglx
rled on by 1t are hereby decIo,wAs 20
10 BUY, sell, and generally All b
llne OF merchandise, at wiolessi. Y
tall, as manufacturers' agents 9hl
representatives. sales renss,, QSt
brokers, or otherwise 10
in the general manufsc,% a~
mess: to buy, sell, repair AND
deal in automobiles, autOmohis snsle
automobile supplies and accesso. uis y
kinds; TO buy, sell, and generSnrs W
stocks, bonds, and real estate ~. es
principal or as broker: and ssn .ns
do all and everything necesss,s
nient or proper for the accomnE.yh,.o A
any OF the purposes of any ans
OF the objects herein eDamers,aS -
dental to the powers herein n.H
which shall at any tine apne,, - sa.s q
or eXpedient to the benefit ar ns. ese
or business of the cOrpors,ion f, va
the powers now or hereafter con,s,.s
the laws of the State of Lonisisr.
corporations organized under the -, v
in referred to. -' at "
Article lN.-The capital stock a. a
corporation is hereby fixed AT ths y.
twenty thousand (S20, 0O000) dollar
vlded INTO two hundred (2OOl shs,.
the par value of one hundred mar
dollars each, which capital stOck M,
i lae6 an0 %, 10 the sum of fifty tiOVu
All stock, shall be full paid and us,s
SeSSable when issued; shall be ran,.ss
ed by certificates, and shall hs -.
property. No transfer of said esnits, - =.
shall be binding upon the corporstian
less made upon the books of tbe sa~.,s
in accordance with such rules and ~.
tions as the Board of Directors NAV =
scribe.
Article V.-All the corporate powers
this corporation shall be vested n 4
the management and control Of h, 4
fairs shall be exercised by a Board Al i
rectors. consisting of not less than 4.
CD and not more than five t5) stOckb,,
ers, the majority of whom shall oo,r
tute quorum for the transaction Of N
ness.
The directors shall be elected ANNA
by ballot, at the annual meeting q !
corporation which shall be held an B
third Monday in January Of each NJ
At said annual meeting the stoekho5s
shall first, by vote fix the number IN
rectOrs for the ensuing year, proyidei b
said number is not less than the n
mum, nor more than the maximum N
inabove fixed, and after such NUMBER b
been fixed, then said stockholders ID
duly elect said Directors.
The Directors thus elected shall %
tinue in office for one year, or Until u
successors shall be duly elected and cub
fed. Each stakeholder shall be eutitii
person or by proxy to one vote fw =
cry share of stock owned By hin NJ
elections shall be held under such ns
and regulations as may be prescrbN !
the Board of Directors.
The failure, for any cause whsisNsy
to hold the annual meeting Of steekhaE
erS, or the failure to elect Directors tss
q, shall not dissolve this corporatict .
the Directors and Officers then In %
shall remain in Office until their succssu
shall be duly elected, qualified, sni
stalled.
The Board of Directors shall At ir n
meeting after being elected, nominate =
of its number a President, VieeR,s
dent, q Secretary and a Treasurer.
offices of Vice President and SecretsT q
Treasurer, or any two of them, mg
combined by the Board and held y
and the same person. Neither the NJ
tary nor the Treasurer need necessiN
be members of the Board Of Director
Said Board Of Directors shall hat
right to appoint and dismiss such oes
managers, and other employees M
corporation as said Board may ~
proper, and to fix their salaries ana
pensatiOn, with term Of Office ane w
the right to dismiss them at plessan
Until the first annual meeting
corporation. to be held on the fliA ~
day in January, 1919, the following n
constitute the Board Of Directors aDs
ficers of this corporation:
Ludwig +. LOeffel, 1911 st. Cnaf, ~, ~
nue.. New Orleans, La; John !. LIZ Div
stein, I415 Burdette street, New Vln =
La; Gustave 7. LOeffel, 22Ol Peer
nue., New Orleans, La, with In1 nuis.
Loeffel. President, and John J. Div ~.
stein, Vice President, Secretary anu ~
urer. =, ,,,, A.
Article Vino stockholder Of ths =
poratiOn shall ever be held Dapx
SpOnsible for the contracts or ls, ~
this corporation, In any furtner "a. se,s
the unpaid balance of stock fcr W. I,
has subscribed, nor shall any ", wv ~
fOrmality in organization ha,s q
of rendering this charter nun ,,I,, ~
posing stockholders to any haoih'
than as above provided. T.. ann
Article VII.-This charter may y, .s,asp
ed, and the capital stock OF tns .s.si +
ton may be increased or IT, ,saS n y
this corporation may be olssonh \, lss
and manner provieea ~ Al u
Article VIII.-The subscrlPsusVVA .bsrs
wig +. L0effel to fifty-two los, ..siau. y
the capital stock of this yp,iIiaspac
the subscription Of John o. ~ cspb
to fifty-three (53) shares VI me trsIss
stock thereof. is covered by .ne ~ D
to this corporation, on this e ost1' Joip !
said Ludwig +. LOeffel ana ss'' ,ssluii<
of all Of the ass,'ss; .Iss Csb
the good will. of the National .Searosrsit
pany of Louisiana, an i1 IoefslSz
business owned jointly by saa =, Sa ssf'
said Blijdenstein, with onleesy 30 Orksb
Dnne street. in the City OF ne,sd hgtp
rs per itemized statement anh,ssS b y
which said assets are aPplnascrs Of "
above named Board OF Dire ~ thount
at the sum 81