The herald. [volume] (New Orleans, La.) 1905-1953, 1918-06-06
CHARTERS.

CHARTERS.
general automobile business, and gem
orally TO do and perform any and all
thlhSS III any way necessary or Incl
! dental to the business hereinabOve de-
| Scribed.
ARTICLE ".
The capital stock of this corporation
- hereby fixed at the sum OF Fifteen
Thousand tSl5,OOo0OD Dollars. to be
represented by one Hundred and Fifty
Sl'Ol shares of the par value Of one
Hundred tSl00. O0J Dollars each. and
Twelve Thousand ISL, 600 0O) Dollars of
said stock shall be subscribed 10 before
the corporation shall be "A going concern
and commence 70 do business. And this
corporation shall have the right. accord
ing to law, TO increase its sI5d capital
stock up to one Hundred Thousand
tSl00.O00) Dollars. All shares of stock
snail be paid for in cash. property re-
c"lyed or labor or services performed
and must Ice fully paid before the isSu-
auC" OF the certificates therefor, and
same shall be mona SScSSabIe: provided
mat IN" Board Of Directors shall have
the right To issue said stock for notes
on terms "f payment Said stock shall
be represented by stock certificates.
transferable only on the books Of the
corporation. on surrender Of the out
standing Certificates or proof of its loss.
ana under such rules as the Board of
Directors may provide.
ARTICLE Y.
It's corporal" powers shall bee conducted
by and vested IN q Board Of Directors
composed of not less than three nor
more than five Stockholders who shall
be elected by a majority Of the stock al
the annual meeting, when shall De held
on the hrSt Monday of January OF each
year. In the event that said day shall
fall on "a dies non. then the said nlp.tfr.l,
and election shall be held on the next
following judicial day. Elections of d.
rt'loIS ana meetings OF stockholders
shall be held At the domicile of the cor
poratlon after at least fifteen 15) DAYS
notice in writing shall have been given
To each stakeholder by mail according
10 law; Each share of stock shall be
entitled to one 90 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 be no cumI-
latiVe 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, Ce-PreSideut and a Sec
retary-TreaSurer at its first meeting
after its election, and any or all of said
OfhceS may be consolidated. ANY va
Gancy 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-
Stitute the Board of Directors, and shall
at their first meeting, to be held within
ten days after incorporation, elect the
to-wit:
Volney II. Post No. sO7 Howard Ave
nue., New Orleans, La; Ward a. Dicker-
son. No. S07 Howard Avenue New Or
leans, La; William c. Hawkins, No. SO7
Howard Avenue, New Orleans, La, and
they shall hold office as such until the
first Monday in January, 1919, or until
qualified.
ARTICLE VI.
No stakeholder 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 a meet
ing of stockholders of said corporation
held i according to law And this cor
the provisions of Section % of Act 267
of -914, 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
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.
COriginal signed): V. H. Post, 65
shares; V. A. Dickerson, 60 shares; r. H
Frye, shares: William c. Hawkins 5
shares. w. MORGAN GURLEY,
Notary Public.
Theodore Roehl. L. A. Morphy
l, 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.
New Orleans, La, April 26, 1918.
r.. j. Leonard, ID. r.
l certify the above and foregoing to
be a 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-l6-25-5O, June o.