The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-23
CHARTER OF
LIBERTY AUTO COMPANY, INC.
State of Louisiana, Parish of Orleans, Cit
II N..... Ill.


State of Louisiana, Parish of Orleans, City
of New Orleans.
Ee it known, that on this the Ord dag
of the month of April in the year of our
Lord nineteen hundred and eighteen AMI
o. the Independence of the United States
the one hundred and forty second. before
me, Francis Daisies CharbOnnet, a no.
tary public, duly commissioned and quail
fled in and for this city and the parish
of Orleans, therein residing and in the
presence of the witnesses hereinafter nam
ell and undersigned, personally came and
appeared:
The several persons hereinafter named
and undersigned, who declared that avail
ing themselves of the laws of this state,
relative to the formation of corporations,
they have covenanted and agreed between
themselves, as well as with those who
may later become associated with them,
in law, under the title ard for the objects
aud purposes following, to-wit:
Article THE name and style of this
corporation shall be Liberty Auto Com
paDy, Inc" and under such name it shall
have and enjoy corporate succession for
Il period of ninety nine years from this
date, and shall sue and be sued. and gen
orally enjoy all rights and privileges
granted corporations by any existing or
future law.
Article 1.-THE domicile of said corpor-
alton shall be in the Parish of Orleans.
in this state where all legal process shall
sence of the president, in the manner pro-
vided by law.
Article III.-The objects and purposes
for which this corporation is formed are
hereby. declared to be of conducting
general automobile business; to buy, sell
and deal in new and used automobiles,
their accessories, appliances. parts, and
equipment, and in any and all motor We
hicles, their parts, appliances, accessories
and equipment; to deal in and handle
gasoline and other propellants, oils, grease
and all things used in or on automobiles !;
to operate and conduct garages; to rent,
store, maintain and operate machines
either for themselves or for others; to
operate and conduct yulcaniZing and 9TH
er tire and tube repair and manufactur-
ing stations, and generally to buy and
SELL make or manufacture each and ey-
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 IV.--The capital stock of this
corporation is hereby fixed at Twenty
Thousand Dollars ($20,0O0.0O), divided in
to 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 cOmpanys books and
all certificates of stock, to be valid, shall
be signed by the President Tor Vice Pres
identJ and the Secretary.
The capital stock of this corporation
may be 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
and not more than seven directors, ma
jority of whom at any meeting shall con
stitute a quorum.
All vacancies in the Board shall be filled
by the remaining directors present at the
meeting at which the vacancy is officially
notified to said Board, irrespective of the
fact that a quorum may not be then pres
ent.
The directors shall be elected annually
on the first legal Monday in May; the
| first 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