The herald., 1918-05-16
CHARTERS.

general automobile business, and gen,
! orally TO do and perform any and al
| IhlhGS IN any way necessary or Incl.
dental to the business hereinabove de
ARTICLE ".
The capital stock of this corporation
! IS hereby fixed at the sum Of Fifteen
| Thousand tSl5,O0O.00D Dollars, to be
! represented by one Hundred and Fifty
ll3Vl shares of the par value of one
Hundred tSlOO00D Dollars each: and
/ Twelve Thousand t$l2. 600 gO) Dollars of
| said stock shall be subscribed to before
the corporation shall be going concern
and commence to do business And this
corporation shall have the right. accord
ing To law, to increase its said capital
! stock up to one Hundred Thousand
iSl0O.OO0) Dollars. All shares of stock
shall be paid for i'm cash, property re-
celyed or labor or services performed.
ana must he fully paid before the issu-
anCe Of the certificates therefor and
same shall be worcestershire; provided
| hat the Board of Directors shall have
the right 10 issue said stock for notes.
ON terms OF payment Said stock shall
be represented by stock certificate
| transferable only on the books of the
corporation. on surrender of the out
SlandinS certificates. or proof of its loss.
and under such rules as the Board of
Directors may provide.
ARTICLE V.
The business of this corporation and
IT'S corporate powers shall be conducted
| by and vested i'm a Board of Directors
composed of not less than three nor
! more than i've stockholders. who shall
be elected by a majority Of the stock at
the annual meeting, which shall be held
on the first Monday of January of each
year. In the event that said day shall
iaIl on dies non. then the said meeting
and election shall be held on the next
following judicial day. Elections Of di-
reclorS and meetings of stockholders
| shall be held at the domiCilc of the cor
poration after at least fifteen G5D DAYS
notice in writing shall have been given
to each stakeholder by mail according
TO law. Each share of stock shall be
entitled To one % vote by the owner
! thereof as registered on the books of
the corporation at the date of the meet
ing, or his agent duly authorized accord
ing to law, and there shall Ice 40 Cumu-
latlEe voting by stockholders. Three
members of the Board of Directors shall
constitute quorum. The Board of Di-
reCtOrS shall select from it's number a
President, NiCe-PreSident and Sec
retary-TreaSurer at it's first meeting
after it's election, and any or all of said
othc'S may be consolidated. Any va
cauGN occurring among the Board of
Directors or officers, or any increase in
the number of the Board of Directors
shall be filled by said Board of Direct
ors. Until the first Monday of January
1919. the following shall be and con-
Stltute the Board Of Directors and shall
at their first meeting, to he held within
ten days after Incorporation. elect the
above officers from among their number
tO-wit:
Volney H. Post. No. SO7 Howard Ave-
nue., New Orleans, La; Ward A Dicker-
son. No. SO7 Howard Avenue. New Or
leans, La; William G. Hawkins, No SO7
Howard Avenue, New Orleans, La. and
they shall hold office as such until the
first Monday in January, 1919. or until
their successors are duly elected and
ARTICLE VI.
No Stockholder shall ever be held
liable for any greater amount than the
unpaid balance of his stock subscription.
nor shall any informality in the organ
ization Increase his liability.
ARTICLE VIII.
This act of Incorporation may be
changed; altered or modified by a vote
of two-thirds of all it's stock at meet
ing of stockholders of said corporation
held according to law. And this cor
poration may be dissolved according to
the provisions of Section 2S of Act 267
Of -9li, of the General Assembly Of the
State of Louisiana. Whenever this cor
poratiOn is dissolved it's affairs shall be
liquidated by three liquidators, elected
by the stockholders at the general an
nual meeting of stockholders or at a
special meeting called for that purpose
according to law. In case of death or
inability to act on the part of one of
said liquidators, or two of them, the
survivor or survivors shall continue to
act and liquidate the affairs of said cor
poration.
Thus done and passed at the City of
New Orleans, State of Louisiana, on the
day and date hereinabove first written
and in the presence of Messrs. Theodore
Roehl and l.. Albert Morphy, competent
male witnesses, who have signed these
presents with the said appearers and
me. notary. after reading of the whole
Original signed): v. II. Post. IS
shares; V. \. Dickerson, 60 shares; r. II.
Frye, shares; William c. Hawkins.
shares. w. MORGAN GURLEY,
Notary Public.
Theodore Roehl, l.. A. Morphy.
!, the undersigned Recorder of Mort
cages, in and for the Parish of Orleans,
State of Louisiana, do hereby certify
that the above and foregoing Act of In
corporation of the Automobile Service
Company, Inc, was this day duly re-
corded in my office, in Book No. 1919.
Folio No. 6S2.
New Orleans, La, April &c. 1918.
T.. j. Leonard, ID. r.
/ certify the above and foregoing to
be true and correct copy of the orig
inal Act of Incorporation of the Auto
mobile Service Company, Inc, together
with the certificate of the Recorder of
Mortgages thereto appended and on file
in my nOtarial office.
w. MORGAN GURLEY, Not. Pub.
May 2-9-l6-2S-O, June 8.