The herald., 1919-12-11
CHARTERS.


holder shall be entitled to one vote for
each share of stock standing in his namt
on the books of the company. TO be co,t
I in person or by proxy, and ii majority nj
the votes cast shall elect The Board OF
! Directors shall have power to ill ali va
cancies that may occur i'm the Board
Failure to elect directors on the dav above
specified shall not dissolve the corparatint,
but the Directors then in office Shall re-
! main i'll office until their successors ar,
/ elected and qualified. Due notice of an
other election shall forthwith be given n.
above provided. Such notice of ,lrctiou
/ shall be continued to be given until am
election is held. The Board Of birnrtnr-
I at their first meeting following each an
! nual election shall elect from their nitu,-
/ Der President, a Vice President and ,
/ Secretary Treasurer, and such officers as
! the Board of Directors shall deem, me-
sary. The Board shall have hover In g.
discretion, to unite two or more offir..
ana the same to confer upon one prrSnr,
ana snail have power to tx the >alari,.
OF all officers and all such other officer.
and employees as they deem urca.s..r,
The Board of Directors shall have po,.r
TO make and establish. as well as alter ana
amend all bylaws, rules and rpguI,rion.
necessary ana proper for the support and
management of the business ana yffoirs
OF SAID corporation, not inconsistent vim
It's charter. Said Board shall also baya
1ull power and authority to borrow MANN.
ana through the President or some other
a o. VI
cute = mortgages, issue notes bonds or
other obligations in such amount ana ~,
such terms as in their judgment may M.
advantageous and generally to do an
ihlhES necessary for the proper carryiu-r
on Of the business of this corporation a.
also to issue and deliver full paid sb.r.
OF stock and bonds or obIIgafious of MI
corporation, in payment of money Dor
roW"d, or money. labor. or services ana
property or rights actually received L,.
inns corporation, as heretofore Sctforth.
ana shall have power to do all such actS
ana Things as may be necessary to carry
out the objects and PURPOSES far Will
this corporation is organized
y majority of any of the Directors shall
constitute a quorum for the transaction
OF any business. At any meeting of Tho
boafd' any Director absent from the meet
ing may be represented by any other al
rector, who may cast the vote of said
absent Director, according to the writ
TEL instructions of said absent Director
me Board OF Directors shall have the
power, by vote of not less than a mn.
lorlty thereof, to sell, lease, mortgage NV
bond mortgage or otherwise or to pIedge
any and all of the property movable or
lmmovable belonging to the corporation.
or to receive in exchange therefor none,
or stocks or bonds or other ohIigationH or
another corporation, without referring 10
the shareholders for the power TO do So
ana they may also purchase for stock in
this corporation or for cash or on credit
property of any kind required for any of
the purposes of this corporation. with
out authority of the shareholders.
Gntil the next general meeting to he
held under this charter on the second
Monday in November 1920. or until tbair
uuly qualified successors are elected and
installed, the Board of Directors shall he
composed of Ruel j. Siegel, New Orleans
Ia Johh T.; Garcia, New Orleans. La. !
anu Eugene n. Garcia, New Orleans Ia
with Ruel j. Siegel as President. Eugene
A. Garcia, as Vice President and Holm r
Garcia, as Secretary Urea surer.
ARTICLE Ell.-ThiS charter NAV he !
and the capital stock of this cor |
pcratlon may be increased or decreased
or this corporation may be dissolved in |
the method and manner provided bv law
AE1lCLE EIII.-No stakeholder of this |
corporation shall ever be held Iiabla or |
for the contracts or fanIts % |
luIs corporation in any further sum than |
me unpaid balance on the stock for which
ne mas subscribed nor shall any mere in |
lorinaIlty In organization have the effec, |
Oh rendering this' charter null or of eX |
posing stakeholder to any liability than
rs above provided wa"
ARTICLE IN.-NO stakeholder may soil
tSSi.n or transfer his stock in this cor |
poratlon without giving to the companv
Lhfough Its secretary, thirty days notice |
N writing of such intentions. and tbe |
Other stockholders shall have the first |
IrlVlieSe OF purchasing the said stock at |
ne book value thereof for a period of
hlrty days from the said notice. after the
expiration of which time said stock may
De- SOFA III the open market.
mus done and passed, in my office NJ
ne tlty of New Orleans. La on the day |
nonth. and year first above written in
ne presence of Thelma Elliott and ID Y
'ousSan, competent witnesses who hero |
ln my: sign their names, together with the
ald appearers and me. Notary after due
eading of The whole
Original Signed)
JNO. Z. GARCIA.
SiXty-two (62) Shares.
Il. j. SIEGEL,
SiXty-two (62) Shares.
EUGENE A. GARCIA
,,.;.. One % Share.
ID. V. Doussan.
r Elliott.
e. T. STARKEY.
Notary Public
L, the undersigned, Recorder of Mort
ages IN and for the Parish of Orleans
tate OF Louisiana. do hereby certify tina,
ne above and foregoing Act of Incorpora-
ION OF Siegel- Garcia Motor Company In
orporated, was this day duly recorded
u my office. in Book 1881. folio 761
New Orleans, December . 1919
tSeaD
tSigned) EMILE J. LEONARD. DIV. Il
l. hereby certify that the above and fore |
olng is a true and correct coDy of the
rlginal on file and of record in nv Of
ice.
c. T. STARKEY.
Notary Public. |