The herald. [volume] (New Orleans, La.) 1905-1953, 1919-11-20
CHARTER.

or other legal process shall be served upon
the President of said corporation, or, IN
the event of his absence, upon the wee
President thereof, and, ill the absence OF
both of said officers, upon the secretary
thereof
ARTILE III-The objects and purposes
for which this corporation is organized
and the nature of business to be carried
on by it are hereby declared to be the
buying and selling of tires, of all kinds
and makes, for automobiles and other We
hicles, and to do a general yulcanlZlng
business; to buy and sell all kinds and
makes of automobiles, motor trucks ana
motor cycles, new and second-hand To
act as agent for automobile manufaGElr-
ers to buy and sell all and every kind Of
automobile, motor truck and motor cycle
accessories and everything connected with
the automobile business; to operate gen
eral automobile repair shop; to conduct an
outside service call and repair business;
to deal in, buy and sell oils, gasoline ana
other fuels as motive power; TO lease
hire and rent automobiles by the day, trip
| or hour; to operate garage; and gener-
ally to do and transact all such business
as may be incidental to or connected with
the automobile business.
| ARTICLE IV.-The capital stock of this
| corporation is hereby fixed at the sum OF
thirtytiye thousand dollars ($35OOOOO),
| divided into and represented by three
hundred and fifty $3.50 shares of stock
! of the par value of one hundred dollars
t$100.00) each. Said stock shall be paid for
/ in cash. at such time, in such amounts
and after such notice to the subscribers
as may be fixed by the Board of Direc-
tors, or the same may be issued at not
less than par for labor done or property
actually received by the corporation. This
! corporation shall become Il going concern
and be authorized to do business when
seventeen thousand five hundred dollars
| (S17 100000 of its capital stock shall have
been subscribed. The amount to which
the capital stock may be increased shall
be the sum of one hundred thousand dol
lars (Sl0O,OOO.O0).
ARTICLE YAH the corporate powers OF
said corporation shall be vested in anC
exercised by Board of Directors. com
posed of five Co directors, three 81 o
whom shall constitute a quorum and b,
authorized to do business. Said directors
shall be elected annually on the first Mon
day in February in each year except TIL
first Board appointed in this charter, witt
shah hold their offices until the first Mon
; day in February, 1921. All such election
shall be held by ballot and conducted a
: the office of the said corporation, unde
the supervision of three 90 commissioner
to be appointed by the Board Of Directors
, Notice of such election shall be given b.
: the Secretary of the company by write
2 notice thereof delivered personally or b
, depOsiting same in the pOstoffice, properl
5 addressed, to each stakeholder at leas
: fifteen (15) days preceding such elections
s At all such elections and at all corporal
t meetings every stakeholder shall be ell
{ titled to one vote for each share of Stoc
standing in his name on the books. of tn
@ corporation, to be cast in person or b
;. his written proxy, and majority of tn
r. votes east shall elect. Any vacancy occur
: ring among the directors by death. resiG
+ nation or otherwise, shall be filled by eleC
ton for the remainder of the term by tn
? remaining directors. 4 failure to elect d
4 | rectors on the date above specified sha
4 not dissolve the corporation nor impa
= its corporate management, but the dire,
. tors then in office shall remain in off,
: until their successors are elected an
|, qualified. The Board of Directors sha
U elect from their own number a PresideI
II and a Vice President. They shall ais
elect Secretary and Treasurer, or OF
l. person who shall be both. either of who
n may or may not be members of the Boar
If They shall have power and authorit
e from time to tipe, to name and appoil
all such officers, agents or other en-
Is ployes as may be deemed necessary f,
If the purpose and business of the corpor
70 ton. They shall have power to fix Il
" compensation and define the duties
If every officer and employe, and all office
and employees shall hold office and eI
Is ployment at the pleasure of the Boar