The herald. [volume] (New Orleans, La.) 1905-1953, 1919-10-16
CHARTER.

OF the capital stock has ben subscribed tor,
Each Sharet OF said stock shall be entitled TO
one % vote, either in person or by proxy,
a. all general elections meetings of the
stockholders.
Should the capital stock of this corporation
ever be increased over the sum OF Fifty
Thousand (S5O,OO00) dollars then such addI
tional shares of stock that may be issued
shall first be offered to the holders of stock
at the time of issuance at the book value
Of said new stock in the proportion in which
the said stockholders shall at the time of
issuance hold stock in this corporation.
ARTICLE N.-No stoCkholder shall ever
be held liable or responsible for the in
debtedness, faults or defaults of this
poration, nor shall any mere Spformality in
the organization of the corpofS on have the
effect Of rendering the charter null or OF
exposing the stockholders to any liability
beyond the unpaid balance, if any. on his
stock subscription. Should any stakeholder
desire 10 sell his stock, he shall first offer
the same to the stockholders OF the company
at its book value through its board OF direc-
tors and the stockholders who desire to pur-
chase shall have the right to purchase the
same in the proportion 70 their holdings OF
stock in the company. Should said stock
holders in fifteen days after the notice hav-
ing been given, in writing, fail refuse 10
purchase the stock offered for sale, such
stock may be sold 10 any one. No transfer
OF stock shall be made held TO be valid
and binding unless made in pursuance OF the
ARTICLE NI.-This corporation shall have
all powers granted 10 such corporations by
law and shall have the power TO contract,
sue and be sued in its corporate name and
to own. hold, receive, loan, lease purchase,
sell and convey or mortgage any and all OF
its effects, to hypothecate its property
and to do any and all acts and things OF
any other kind, nature or description, as may
be necessary to carry out the objects and
purposes OF said business its interests and
Couveniences may require.
ARTICLE NII.-The business OF this cor
poration shall be directed by and vested
in board Of directors OF four members. three
Of whom shall constitute a quorum for the
transaction of business, and the said dlrec-
tors as first constituted shall be Edward
Jumonvlle. Henry J. Jumonville, John L.
Diasselhss and George A DasSelliSS. and
they shall hold office until the first Tues
day in September 1920, and on that day
and on the same day thereafter. elections
shall be held annually for directors at the
principal office of the corporation. Failure
to hold election on the day specified shall
not dissolve the corporation, but the di-
rectors shall hold their respective offices
until an election shall be held after thirty
days notice of the time and place thereof
given to each stakeholder. The annual
election shall be held on the first Tues
day in September, 1920. and thereafter on
the first Tuesday of September OF each sue
ceeding year, and the election shall be held
All vacancies on the board of directors for
whatever cause shall be filled by the
naming directors.
Edward JumOnvilIe shall be the first preSi-
dent; Henry ]. Jumouvlle shall be the first
vice president; John l.. DiasSelliss shall be
the first second vIce-preSideut, and George
A. Diasselliss shall be the first treasurer,
and Nicholas Clements shall be the first
secretary, and they shall hold office until
the first Tuesday in September, 1920, or until
49, al I'D
ceeding board OF directors shall elect its
principal officers for the term OF their cleo
ton and only stockholders shall be eligible
for election as member OF the board OF
directors The secretary need not be a
stockhoder member of the board Of di-
rectors and any vacancy in that Office shall
be filled by the board Directors may act
either in person or by proxy.
ARTICLE VIII.-Whenever this CORPORA
ton is dissolved, either by limitation or for
any other cause, its affairs shall be liqul-
dated by the board of directors, who
hereby vested with full power to sell any
or all assets OF she corporation, either sepa-
rately or in a mass, and to convey full and
complete title thereto. and shall have full
power TO do and perform II acts necessary
and proper to fully and completely lIqul-
date the affairs and distribute the proceeds,
if any among the stockholders OF the said
corporation to the amount OF stock held by
each.
may be amended. altered and modified
this corporation dissolved in the manner pro-
vided by law.
Thus done and passed. in my notaral Of
flee, in the City Of New Orleans, on the
day, month and year first above written. in
the presence of Azele Bennett and Selim
3. Lemle, competent witnesses, who here
unto sign their names, together with the
parties hereto and me, Notary, after read
ing of the whole.
Witnesses: Azelie Bennett, Selim B.
Lemle.
Original Signed F. Jumonville AIS Ca
rondelet St, New Orleans, La, 80 shares;
Henry ]. Jumonvlle, by E. Jumonville, 1928
Pine ST., New Orleans. La, 5 shares; Geo.
A. Diasseliss, 4l6 Carondelet St, New Or
leans, La. 10 shares; Jno. l.. Dasselliss.
1923 Whitney Bldg, New Orleans, La, )
shares.
A. A. MORENO,
Notary Public.
l, the undersigned Recorder of Mortgages,
in and for the Parish of Orleans, State of
Louisiana. do hereby certify that the above
and foregoing Act of Incorporation of the
General Automobile Company, this day
duly recorded in my office in Book 1881,
Folio $50.
New Orleans, Sept 18th. 1919.
EMILE J. LEONARD, by. K.
A true copy.
A. A. MORENO,
Notary Public.