The herald., 1918-05-02
CHARTERS.

| CHARTERS.
general automobile business. and zen
| orally to do and perform any and all
| IhlhSS IN any way necessary or Incl
| scribed
ARTICLE ".
The capital stock of this corporation
rs rs hereby hXed at the sum of Fifteen
| Thousand (Sl5,0OO. 100 Dollars. to he
represented by one Hundred and FIFTY
ILSVC SharcS OF the par value Of One
hundred tSlOO0OJ Dollars each: and
twelve Thousand tSl2.0OO.OO) Dollars Of
said stock shall be subscribed to before
the corporation shall he a going concern
ana commence to do business. And this
corporation shall have the right accord
ing To law, to increase its said capitaI
stock up to one Hundred Thousand
iNiuO.OOO) Dollars. All shares of stock
shall be paid for in cash, property re-
celyed or labor or services performed
and must be fully paid before the issu-
anCe OF the certificates therefor and
same shall be worcestershire: provided
that the board OF Directors shall have
the right to issue said stock for notes
on terms of payment. Said stock shall
be represented by stock certificates
transferable only on the books of the
corporation. on surrender Of the out
StahdlhS certificates or proof of its loss.
and under such rules as the Board of
Directors may provide.
ARTICLE V.
The business of thi-. corporation and
its corporate powers Snail be conducted
by ana vested in a Board of Directors
composed of not less than three nor
more than five stockholders who shall
be elected by majority of the stock at
the annual meeting. which shall he hold
on the first Monday of January of each
year. In the event that said dav shall
talI on dies non. then the said Tn.etiul,
ana 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
poratlon after at least fifteen G5D DAYS
notice in writing shall have been given
10 eaCh stakeholder by mail according
TO law. Each share of stock shall be
entitled to one Cd 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-
lative voting by stockholders. Three
members Of the Board of Directors shall
constitute a quorum The Board of Di-
rectOrS shall select from it's number q
President, NiCe-PTeSident and a Sec
retary-Treasurer at its first meeting
after It's election, and any or all of said
othceS may be consolidated. ANY va
cancy occurring among the Board of
directors or officers, or any increase i'm
the number of the Board of Directors
snail 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 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 a 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 -9l4, of the General Assembly of the
State of Louisiana. Whenever this cor
poration is dissolved. its 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, 65
shares: V. A. Dickerson, 60 shares: X. II.
Frye, > shares; William c. Hawkins.
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
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.
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.