The herald. [volume] (New Orleans, La.) 1905-1953, 1919-04-03
CHARTERS

Dollars Of said stock shall be subscribed
for before the corporation shall be a going
concern and commence business. And this
corporation shall have the right, according
10 law. to increase its said capital stock up
70 Seycnty-five Thousand Dollars CS75UJO.OO.
All shares Of stock shall be paid for in cash,
property received or labor or services per-
formed. and must be fully paid before the
issuance Of the certificate therefor, and
same shall be worcestershire. SAID stock
shall be represented by stock certificates.
transferable only on the books OF the cor
poration, on surrender Of the outstanding
certificates or proof Of its loss, and under
| such rules as the Board Of Directors may
ARTICLE V.-The business of this corpo-
ration and its corporate powers shall be con
Quoted by and vested in 4 Board Of Direc
tors, composed Of three stockholders, who
at the annual meeting, which shall be held
on the First Wednesday of March OF each
year. In the event that said day shall fall
on dies non then the said meeting and
election shall be held on the next following;
judicial dav Elections Of directors and
meetings of stockholders shall be held at
the domicile of the corporation after at
least ten (l0) days notice in writing shall
have been given to each stockholder by mail
according to law. Each stakeholder shall
be entitled to one vote for each share of
stock owned by him, said vote to be cast
either in person or by written proxy.
cording to law. and under such rules as the
Board of Directors shall designate. Two
(2) members of the Board of Directors shall
constitute a quorum for the transaction OF
business. The Board OF Directors shall
elect from its number a President, Vice
President and Secretary and Treasurer at
its first meeting after its election, and any
or all OF said office may be consolidated.
Any vacancy occurring among the Board Of
Directors or officers shall be filled Lby the
said Board of Directors. Until the first
Wednesday in March 191. the following
shall be and constitute the Board Of Di-
rectors, viz: A c. Lowther. 90 Baronne
Street. New Orleans. Louisiana: c. T. Jay,
81 s.. Louis St. New Orleans. Louisiana.
and L. McMains. 517 St. Louis Street, New
Orleans. Louisiana. with A. G. Lowther, as
L. McMans as Secretary and Treasurer.
all of whom shall hold office until the
first Wednesday of March. 1920 and until
their successors are duly elected and quail
fled
ARTICLE Vino stakeholder shall ever
he held liable for any greater amount than
the unpaid balance due on his stock sub
scripton, nor shall any mere informality in
the organization increase his liability.
ARTICLE VII.-Ths act OF Incorporation
may be changed. altered modified by a
vote OF two-thirds of all its stock at meet
ing of the stockholders of said corporation
held according TO law. And this corpora
ton may be dissolved according TO the pro-
visions of Sections 2S etc. of Act 267 of 1914,
of the General Assembly of the State OF
Lou sana Whenever this corporation is
dissolved, its affairs shall be liquidated by
two liquidators elected by the stockholders
at the general annual meeting at special
meeting called for that purpose according to
law, in case of death or inability TO act
of any of said liquidators. the survivor shall
continue to act and liquidate the affairs Of
the corporation.
Thus done and passed at the City of New
Orleans on the day, month and year herein
above first written in the presence of ].
Miller and Charles Hsggerty. competent wit
nesses. who hereunto sign their names with
the said appearers and me, Notary, after
due reading of the whole.
Witnesses: J. Miller, Charles Haggerty.
(Signed) A. c. Lowther and others.
FRED. c. MARX,
Notary Public.
State of Louisiana Parish of Orleans.
l, the undersigned Recorder of Mortgages
in and for the Parish of Orleans, State of
Louisiana. do hereby certify that above and
foregoing act of Incorporation of the More
Mileage Rubber Sales Company, Incorporated.
was this day duly recorded in Nmy office in
Book 1928. Folio -.
Nv Orleans. La, March 9th, 1919.
(SeaD
CSignedO EMILE J. LEONARD, by. R.
Atrue copy.
FRED. c. MARX,
Notary Public.
Mch. 13-Apr. II.