The herald. [volume] (New Orleans, La.) 1905-1953, 1918-05-09
CHARTERS.

CHARTERS.
general automobile business, and GEN
| orally TO do and perform any and all
! thlngS in any way necessary or Incl
dental 10 the business hereiuabove de-
/ Scribed.
| ARTICLE ".
! The capital stock of this corporation
! rs hereby fixed at the sum of Fifteen
Thousand t$l5.0o0.0OD Dollars. To be
represented by one Hundred and Fifty
Ii"Vl ShareS OF the par value of one
Hundred tSlOO.O0) Dollars each: and
Twelve Thousand i$l2.0OOgO) Dollars of
Stld 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 10 law, To increase it's said capital
stock up to One Hundred Thousand
$500 5000 Dollars All shares of stock
shall be paid for in cash, property re
ceiNed or labor or services performed
and must bc fully paid before the issu-
auce OF the certificates therefor and
same shall be mona SSrSSable: provided
that the Board of Directors shall have
the right To- issue said stock for notes.
on terms of payment. Said stock shall
b" 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 V.
The business of this corporation and
IT'S corporate powers shall be conducted
by ana vested in Board Of Directors
composed OF not less than three nor
more than five Stockholders who shall
be elected by 4 ma jOrity 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
ran on dies non. then the - id meeting
and election shall Toe held on the next
following judicial day. Elections of di-
rectors and meetings of Stockholders
shall be held at the dOmiCile of the cor
pOration after at least fifteen C5l days'
notice III 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 1t the date of the meet
ing, or his agent duly authorized accord
ing To law, and there shall he no Cumu-
lative voting by stockholders Three,
members Of the Board of Directors shall
constitute quorum. The Board Of Di-
rectOrS shall select from its number a
President, a iCe-PreSident and a Sec
rotary Treasurer at its first meeting
after Its election, and any or all of said
oiilceS may be consolidated Any va
CanGy 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 hrSt meeting, to be held within
ten days after incorporation, elect the
above officers from among their number
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 g. Hawkins No SO7
Howard Avenue, New Orleans. La, and
they shall hold office as such until the
nrSt Monday in January, 1919, or until
their successors are duly elected and
qualified
ARTICLE VI.
No stakeholder shall ever be held
liable for any greater amount than the
unpaid balance of his stock subscription.
ization increase his liability.
ARTICLE VIII
This act of incorporation NAV be |
changed, altered or modified by a vote |
of two-thirds of all its 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 % of Act 267 |
of -9l4, of the General Assembly of the |
State of Louisiana. Whenever this cor
poration is dissolved, its affairs shall be |
llquidated 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 |
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 signedD: V. II. Post. IS |
shares: V. a. Dickerson, 60 shares; r. H. |
Frye, . shares; William G. Hawkins, 5 |
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 $50.
New Orleans, La, April 26. 1918.
T.. j. Leonard, ID. r.
L 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-l6-25-3O, June 8.