The herald., 1918-05-30
CHARTERS.

general automobile business. and gem
orally TO do and perform any and all
things in any way necessary or Incl
SCribed
ARTICLE ".
The capital stock Of this CORPORATION
IS hereby fixed AT the sum Of Fifteen
Thousand Is15,UOu. GW Dollars. to hr
represented by one Hundred aud Fifty
tL'V1 shares OF the par value of one
hundred tSlOo.UgD Dollars each. and
Twelve Thousand tS12.Uuo.Q Dollars of
said stock shall Zoe subscribed 10 before
the corporation shall be- "a going concern
and commence 10 do business And this
corporation shall have the right accord
ing To law. To increase it's said capital
stock up TO one Hundred Thousand
'Sluoouo) Dollars. All shares of stock
snail be paid for in cash, property re-
rrlyvd or labor or services performed
and must Ice fully paid before the iSsu-
"n'e "I the certificates therefor. and
same snail be mona SSeSSable. provided.
that In" Board of Directors shall have
IN" right 10 issue said stock for notes
on terms OF payment said stock shall
bc represented by stock certificates
transferable only on the books OF the
corporation. on surrender of the out
standing certificates. or proof Of its loss.
and under such rules as the Board of
Directors may provide.
ARTICLE Y.
The business of this corporation and
ITS corporate powers shall be conducted
by and vested III a Board of Directors
composed of not less than three nor
more than five 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
taIl on dies non. then the s. ia meeting
and election shall be held on the next
following judicial day. Elections of di-
rectOrS and meetings Of stockholders
shall be held at the dOmicile of the cor
a IT 4
notice in writing shall have been given
to each stakeholder by mail according
to law; Each share of stock shall be
entitled to one ID 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 Cumu-
latlNe 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, a NiCe-PreSident and a Sec
retary-Treasurer at it's first meeting
after its election, and any or all of said
OtilccS may be consolidated. ANY va
Cancy 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
above officers from among their number,
tO-wit:
Volney II. Post, No. SO7 Howard Ave-
nue., New Orleans, La; Ward 4. Dicker-
son. No. 500 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
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 n vote
of twO-thirds of all its stock at a 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 -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 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 llquidatOrS, 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 i'll 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, 65
shares: V. A. Dickerson, so shares; r. H
Frye, shares; William c. Hawkins, 5
shares. w. MORGAN GURLEY,
Notary Public
Theodore Roehl, l.. A. Morphy.
i, 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 &c, 1918.
r.. j. Leonard, ID. r.
/ 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 29-l6-25-S0, June 8.
CHARTER OF